Truemade Limited - Limited company - abbreviated

REGISTERED NUMBER: 03361675 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

TRUEMADE LIMITED

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

H R E Chamaa

J S Woien

SECRETARY:

Mrs N E Chamaa

REGISTERED OFFICE:

15 Cherry Crescent

Brentford

Middlesex

TW8 8NN

REGISTERED NUMBER:

03361675 (England and Wales)

ACCOUNTANTS:

Naren & Associates Limited

181 Whitton Avenue East

Greenford

Middlesex

UB6 0QF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 March 2014 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Naren & Associates Limited

181 Whitton Avenue East

Greenford

Middlesex

UB6 0QF

9 December 2014

FIXED ASSETS

Tangible assets

2

59,965

74,780

CURRENT ASSETS

Stocks

15,225

25,750

Debtors

55,177

97,842

Cash at bank and in hand

39,338

15,896

109,740

139,488

CREDITORS

Amounts falling due within one year

3

101,146

165,418

NET CURRENT ASSETS/(LIABILITIES)

8,594

(25,930

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,559

48,850

CREDITORS

Amounts falling due after more than one year

75,000

75,985

NET LIABILITIES

(6,441

)

(27,135

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(7,441

)

(28,135

)

SHAREHOLDERS' FUNDS

(6,441

)

(27,135

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 December 2014 and were signed on its behalf by:

H R E Chamaa - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net sales of services provided excluding value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

715,743

Disposals

(272,093

)

At 31 March 2014

443,650

DEPRECIATION

At 1 April 2013

640,963

Charge for year

6,479

Eliminated on disposal

(263,757

)

At 31 March 2014

383,685

NET BOOK VALUE

At 31 March 2014

59,965

At 31 March 2013

74,780

3.

CREDITORS

Creditors include an amount of £ 71 (31.3.13 - £ 31,664 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

1,000

Ordinary

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors are amounts due to the director, H El Chamaa, of £41,437 (2013 £23,961).

6.	RELATED PARTY DISCLOSURES

The loan of £75,000 from the estate of Mr A Woien, deceased, is interest free and there are no specific terms of

repayments.

7.	ULTIMATE CONTROLLING PARTY

During the two years ending 31st March 2014, Kanada AS, a company registered in Norway, the holding

company, controlled the company by virtue of a controlling interest of 64% of the issued share capital.

Truemade Limited - Limited company - abbreviated - 11.0.0

Truemade Limited - Limited company - abbreviated - 11.0.0