Truepark Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08421004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

Truepark Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Veale

J M M Veale

REGISTERED OFFICE:

4th Floor 7/10 Chandos Street

Cavendish Square

London

W1G 9DQ

REGISTERED NUMBER:

08421004 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors LTD

Chartered Certified Accountants

The Stable Yard

Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Tangible assets

4

5,456

5,232

CURRENT ASSETS

Debtors

5

-

852

Cash at bank and in hand

9,636

13,222

9,636

14,074

CREDITORS

Amounts falling due within one year

6

17,994

16,510

NET CURRENT LIABILITIES

(8,358

)

(2,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,902

)

2,796

PROVISIONS FOR LIABILITIES

928

-

NET (LIABILITIES)/ASSETS

(3,830

)

2,796

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,930

)

2,696

(3,830

)

2,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 19 October 2018 and were signed on its behalf by:

J M M Veale - Director

1.	STATUTORY INFORMATION

Truepark 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures and fittings

-

4 years

Computer equipment

-

3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

9,249

Additions

2,355

At 28 February 2018

11,604

DEPRECIATION

At 1 March 2017

4,017

Charge for year

2,131

At 28 February 2018

6,148

NET BOOK VALUE

At 28 February 2018

5,456

At 28 February 2017

5,232

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

-

852

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,039

-

Taxation and social security

680

2,592

Other creditors

15,275

13,918

17,994

16,510

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Factored debts

2,040

-

Included in the other creditors is an amount of £2,040 relating to trade debtor balances which have been factored. The

factoring company holds a debenture as security against this balance, with full title guarantee by way of fixed charge over

all specific book debts, and all other debts.