Abbreviated Company Accounts - TRUE SYSTEMS LIMITED

TRUE SYSTEMS LIMITED - Company Information

01835561 TRUE SYSTEMS LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 01835561 2013-07-01 2014-06-30 01835561 2014-06-30 01835561 2013-06-30 01835561 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 01835561 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 01835561

TRUE SYSTEMS LIMITED

Abbreviated Accounts

30 June 2014

TRUE SYSTEMS LIMITED Registered Number 01835561

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Current assets
Debtors		5,285	3,712
Cash at bank and in hand		9,556	4,457
		14,841	8,169
Creditors: amounts falling due within one year		(31,724)	(29,946)
Net current assets (liabilities)		(16,883)	(21,777)
Total assets less current liabilities		(16,883)	(21,777)
Total net assets (liabilities)		(16,883)	(21,777)
Capital and reserves
Called up share capital	2	1,000	1,000
Profit and loss account		(17,883)	(22,777)
Shareholders' funds		(16,883)	(21,777)

For the year ending 30 June 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 March 2015

And signed on their behalf by:
R A Stanley, Director

TRUE SYSTEMS LIMITED Registered Number 01835561

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000