Company Registration No. 11200629 (England and Wales)
Truth Supplements Ltd
Unaudited accounts
for the year ended 31 December 2021
Truth Supplements Ltd
Unaudited accounts
Contents
Truth Supplements Ltd
Company Information
for the year ended 31 December 2021
Company Number
11200629 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
Essex
WC2H 9JQ
ENGLAND
Accountants
J&B FINANCE LTD
71-75 Shelton Street
London
WC2H 9JQ
Truth Supplements Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
5,115
5,072
Cash at bank and in hand
1,577
45,392
Creditors: amounts falling due within one year
(544,389)
(349,826)
Net current liabilities
(91,411)
(136,897)
Total assets less current liabilities
(86,296)
(131,825)
Creditors: amounts falling due after more than one year
(34,122)
(47,354)
Net liabilities
(120,418)
(179,179)
Called up share capital
2,036
2,016
Share premium
263,740
223,753
Profit and loss account
(386,194)
(404,948)
Shareholders' funds
(120,418)
(179,179)
For the year ending 31 December 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2022 and were signed on its behalf by
Trent Scanlen
Director
Company Registration No. 11200629
Truth Supplements Ltd
Notes to the Accounts
for the year ended 31 December 2021
Truth Supplements Ltd is a private company, limited by shares, registered in England and Wales, registration number 11200629. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, Essex, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
Truth Supplements Ltd
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
411,902
114,053
Accrued income and prepayments
10,541
1,785
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Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
80,849
118,341
Trade creditors
10,884
9,818
Amounts owed to group undertakings and other participating interests
219,085
-
Taxes and social security
-
35,953
Loans from directors
203,367
185,714
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Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
34,122
47,354
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
185,714
17,653
-
203,367
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Transactions with related parties
6 DEGREES BIOSCIENCE UK LTD
At the date of the financial statements, the company owed by the related party £355,275 (2020: £258,378).
11th Hour Bioscience ANZ Pty Ltd
At the date of the financial statements, the company is owed by the related party £56,627 (2020: £56,627).
Truthcorp Holdings Ltd
At the date of the financial statements, the company is owed the related party £210,797 (2020: £192,648).
Truth Superfoods Ltd
At the date of the financial statements, the company is owed the related party £8,287 (2020: £8,304).
Truth Supplements Ltd
Notes to the Accounts
for the year ended 31 December 2021
On 30 September 2020 the company became wholly owned by Truthcorp Holdings Ltd a company registered in England and Wales. The company registration number is 12680542. Under the provisions of the Companies Act 2006 the Group is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
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Average number of employees
During the year the average number of employees was 0 (2020: 0).
