REGISTERED NUMBER: 03887504 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

L. Trueman & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Luke Trueman

Mrs Sarah Trueman

REGISTERED OFFICE:

Unit 1 Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

REGISTERED NUMBER:

03887504 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,666

4,582

CURRENT ASSETS

Stocks

2,083

350

Debtors

5

4,550

24,629

Cash at bank and in hand

236

24,551

6,869

49,530

CREDITORS

Amounts falling due within one year

6

9,563

14,138

NET CURRENT (LIABILITIES)/ASSETS

(2,694

)

35,392

TOTAL ASSETS LESS CURRENT LIABILITIES

972

39,974

PROVISIONS FOR LIABILITIES

756

993

NET ASSETS

216

38,981

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

214

38,979

SHAREHOLDERS' FUNDS

216

38,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Mr Luke Trueman - Director

Mrs Sarah Trueman - Director

1.	STATUTORY INFORMATION

L. Trueman & Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

At the balance sheet date, the company had net current liabiltiies. The directors pledge their ongoing support and as such, the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

28,085

DEPRECIATION

At 1 January 2025

23,503

Charge for year

916

At 31 December 2025

24,419

NET BOOK VALUE

At 31 December 2025

3,666

At 31 December 2024

4,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,364

24,629

Other debtors

186

-

4,550

24,629

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

7,223

11,197

Other creditors

2,340

2,941

9,563

14,138

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1.00

2

2

8.	RELATED PARTY DISCLOSURES

Mr Luke Trueman

There are no terms relating to repayment nor any interest being charged

2025

2024

£

£

Amount due from/(to) related party at the balance sheet date

186

(1,441

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Luke Trueman.