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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 -