Simple Truth Limited 11702506 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Management consultancy Digita Accounts Production Advanced 6.30.9574.0 true 11702506 2024-04-01 2025-03-31 11702506 2025-03-31 11702506 bus:OrdinaryShareClass1 2025-03-31 11702506 core:CurrentFinancialInstruments 2025-03-31 11702506 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 11702506 core:FurnitureFittingsToolsEquipment 2025-03-31 11702506 bus:SmallEntities 2024-04-01 2025-03-31 11702506 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11702506 bus:FilletedAccounts 2024-04-01 2025-03-31 11702506 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11702506 bus:RegisteredOffice 2024-04-01 2025-03-31 11702506 bus:Director1 2024-04-01 2025-03-31 11702506 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11702506 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11702506 bus:Agent1 2024-04-01 2025-03-31 11702506 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 11702506 core:OfficeEquipment 2024-04-01 2025-03-31 11702506 countries:EnglandWales 2024-04-01 2025-03-31 11702506 2024-03-31 11702506 core:FurnitureFittingsToolsEquipment 2024-03-31 11702506 2023-04-01 2024-03-31 11702506 2024-03-31 11702506 bus:OrdinaryShareClass1 2024-03-31 11702506 core:CurrentFinancialInstruments 2024-03-31 11702506 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11702506 core:FurnitureFittingsToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11702506

Simple Truth Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Simple Truth Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Simple Truth Limited

Company Information

Director | Mr M E Smith

Registered office | 71-75 Shelton Street London Greater London United Kingdom WC2H 9JQ

Accountants | The Numbersmith Limited 10 Cheyne Walk Northampton Northamptonshire NN1 5PT

Simple Truth Limited

(Registration number: 11702506)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,249 | 4,110
Current assets |  |  |
Debtors | 5 | 51,335 | 58,209
Cash at bank and in hand |  | 48,486 | 41,869
|  | 99,821 | 100,078
Creditors: Amounts falling due within one year | 6 | (101,446) | (66,561)
Net current (liabilities)/assets |  | (1,625) | 33,517
Total assets less current liabilities |  | 624 | 37,627
Provisions for liabilities |  | (427) | (781)
Net assets |  | 197 | 36,846
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 97 | 36,746
Shareholders' funds |  | 197 | 36,846

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 December 2025

......................................... Mr M E Smith Director

Simple Truth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
71-75 Shelton Street
London
Greater London
WC2H 9JQ
United Kingdom

These financial statements were authorised for issue by the director on 23 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.
Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Simple Truth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Simple Truth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Simple Truth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 12,333 | 12,333
At 31 March 2025 | 12,333 | 12,333
Depreciation
At 1 April 2024 | 8,223 | 8,223
Charge for the year | 1,861 | 1,861
At 31 March 2025 | 10,084 | 10,084
Carrying amount
At 31 March 2025 | 2,249 | 2,249
At 31 March 2024 | 4,110 | 4,110

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 25,744 | 48,444
Other debtors | 25,591 | 9,765
| 51,335 | 58,209

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 23,295 | 8,633
Taxation and social security | 77,233 | 57,139
Other creditors | 918 | 789
| 101,446 | 66,561

Simple Truth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £370.00 (2024 - £680.00) per ordinary share |  | 37,000 |  | 68,000