Company registration number: 10927547
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Truly SMB Limited
Pages for filing with the Registrar
Company registration number: 10927547
Truly SMB Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 236,870 294,379
236,870 294,379
Current assets
Debtors 611,811 417,187
Cash at bank and in hand 213,682 263,404
825,493 680,591
Creditors: amounts falling due within one year
(885,344) (634,258)
Net current (liabilities)/assets (59,851) 46,333
Total assets less current liabilities 177,019 340,712
Provisions for liabilities (59,218) (73,595)
NET ASSETS 117,801 267,117
Capital and reserves
Called up share capital 100 100
Other reserves 40 40
Profit and loss account 117,661 266,977
TOTAL EQUITY 117,801 267,117
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10927547
Truly SMB Limited
Balance sheet - continued
as at 31 March 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 October 2026 and signed on its behalf by:
J Moore, Director T Rookes, Director
20 October 2026 20 October 2026
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Truly SMB Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Truly SMB Limited is a private company registered in England and Wales. Its registered number is 10927547. The company is limited by shares. Its registered office is EMDC 525 2nd Floor Office Suite, Arundle Avenue, Castle Donington, DE74 2HU.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Changes in accounting policies
The depreciation of integral fixtures and fittings has been changed from 33% straight line to 20% straight line over the 5 year term of the property lease. This change has reduced the depreciation charge on fixtures and fittings by £31,844.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 33% straight line
Fixtures & fittings - 20% straight line
Motor vehicles - 33% straight line
Computer equipment - 33% straight line
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Truly SMB Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 34 (2025 - 21).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 April 2025 345,365
Additions 14,435
At 31 March 2026 359,800
Depreciation
At 1 April 2025 50,986
Charge for year 71,944
At 31 March 2026 122,930
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Truly SMB Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
4 Tangible fixed assets - continued
Net book value
At 31 March 2026 236,870
At 31 March 2025 294,379
5 Related party transactions
During the year the company paid dividends of £100,000 (2025 £182,662) to its ultimate parent company. At 31 March 2026 the company was owed £31,988 from a related company (2025 owed to £34,233) a related company.
6 Off-balance sheet arrangements
Minimum lease payments under non- cancellable operating leases fall due as follows : Within one year £12,412 (2025 £10,889) Within one year and five years £257,411 (2025 £367,361) Total £269,823 (2025 £378,250)



7 Controlling party
The ultimate controlling party is Truly Scrumptious Group Limited.
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