TrueContext Limited - Period Ending 2017-07-31
TrueContext Limited - Period Ending 2017-07-31
Registration number:
for the Year Ended
TrueContext Limited
Profit and Loss Account for the Year Ended 31 July 2017
The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
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TrueContext Limited
(Registration number: 05071032)
Balance Sheet as at 31 July 2017
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Note |
2017 |
2016 |
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Creditors: Amounts falling due within one year |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
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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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
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A Pombo
Director
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TrueContext Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
The principal place of business is:
C/o Milsted Langdon LLP
Freshford House
Redcliffe Way
Bristol
BS1 6NL
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The date of transition to FRS 102 Section 1A was 1 August 2015. There were no adjustments to the prior period figures upon transition.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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TrueContext Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
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Creditors |
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Note |
2017 |
2016 |
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Due within one year |
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Amounts due to related parties |
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Share capital |
Allotted, called up and fully paid shares
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2017 |
2016 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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