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Company Registration No. 16072263 (England and Wales)
True Enterprises Ltd Unaudited accounts for the period from 11 November 2024 to 31 March 2026
True Enterprises Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
True Enterprises Ltd Company Information for the period from 11 November 2024 to 31 March 2026
Directors
Lloyd Miller Shirley Yu-Ju Tsao
Company Number
16072263 (England and Wales)
Registered Office
85 Priory Grove London SW8 2PD England
Accountants
Miss D Griffin MAAT 110 Croydon Road Beddington Surrey CR0 4PF
- 3 -
True Enterprises Ltd Statement of financial position as at 31 March 2026
2026
Notes
£
Fixed assets
Tangible assets
4
2,116
Current assets
Inventories
144,314
Debtors
5
54,515
Cash at bank and in hand
12,164
210,993
Creditors: amounts falling due within one year
6
(2,134)
Net current assets
208,859
Total assets less current liabilities
210,975
Creditors: amounts falling due after more than one year
7
(283,228)
Net liabilities
(72,253)
Capital and reserves
Called up share capital
2
Profit and loss account
(72,255)
Shareholders' funds
(72,253)
For the period ending 31 March 2026 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 28 July 2026 and were signed on its behalf by
Lloyd Miller Director Company Registration No. 16072263
- 4 -
True Enterprises Ltd Notes to the Accounts for the period from 11 November 2024 to 31 March 2026
1
Statutory information
True Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 16072263. The registered office is 85 Priory Grove, London, SW8 2PD, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention These Financial Statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime under the Companies Act 2006 and in accordance with FRS102 Section 1A - Small Entities
Presentation currency
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 11 November 2024
-
-
-
Additions
2,575
247
2,822
At 31 March 2026
2,575
247
2,822
Depreciation
Charge for the period
644
62
706
At 31 March 2026
644
62
706
Net book value
At 31 March 2026
1,931
185
2,116
- 5 -
True Enterprises Ltd Notes to the Accounts for the period from 11 November 2024 to 31 March 2026
5
Debtors
2026
£
Amounts falling due within one year
Trade debtors
17,315
Accrued income and prepayments
14,687
Other debtors
2,867
34,869
Amounts falling due after more than one year
Other debtors
19,646
6
Creditors: amounts falling due within one year
2026
£
Other creditors
14
Accruals
900
Deferred income
1,220
2,134
7
Creditors: amounts falling due after more than one year
2026
£
Other creditors
30,729
Loans from directors
252,499
283,228
8
Operating lease commitments
2026
£
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
48,000
Later than one year and not later than five years
192,000
Later than five years
48,000
288,000
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Directors Loan
-
19,645
-
19,645
-
19,645
-
19,645
10
Transactions with related parties
Lloyd Miller has invested £252,500 into the Company
- 6 -
True Enterprises Ltd Notes to the Accounts for the period from 11 November 2024 to 31 March 2026
11
Average number of employees
During the period the average number of employees was 2.
- 7 -