Company Registration No. 11777358 (England and Wales)
Truly Happy Products Ltd
accounts
for the year ended 31 March 2025
Truly Happy Products Ltd
accounts
Contents
Truly Happy Products Ltd
Company Information
for the year ended 31 March 2025
Directors
Sophia Newman
Nicholas Newman
Company Number
11777358 (England and Wales)
Registered Office
48 Hollands Way
East Grinstead
West Sussex
RH19 3EN
United Kingdom
Accountants
Jacring and Associates Ltd
11 King Arthur Close
New Cross
London
SE15 2LP
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Truly Happy Products Ltd
for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Truly Happy Products Ltd for the year ended
31 March 2025 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Jacring and Associates Ltd
Chartered Certified Accountants
11 King Arthur Close
New Cross
London
SE15 2LP
31 December 2025
Truly Happy Products Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
10,202
11,334
Cash at bank and in hand
7,460
2,093
Creditors: amounts falling due within one year
(83,405)
(63,010)
Net current (liabilities)/assets
(3,559)
17,377
Total assets less current liabilities
6,643
28,711
Creditors: amounts falling due after more than one year
(55,771)
(65,697)
Net liabilities
(49,128)
(36,986)
Called up share capital
200
200
Profit and loss account
(49,328)
(37,186)
Shareholders' funds
(49,128)
(36,986)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Nicholas Newman
Director
Company Registration No. 11777358
Truly Happy Products Ltd
Notes to the Accounts
for the year ended 31 March 2025
Truly Happy Products Ltd is a private company, limited by shares, registered in England and Wales, registration number 11777358. The registered office is 48 Hollands Way, East Grinstead, West Sussex, RH19 3EN, United Kingdom .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
In the year to March 2023, the company received £100,000 from Funding Circle Loan at a commercial rate of interest.
The outstanding amount owed to Funding Circle Loan amounted to 89,628.19 as at 31 March 2024.
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Truly Happy Products Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
44,402
45,881
Taxes and social security
-
(905)
Loans from directors
38,541
1,270
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).