TRULINE SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-07 (in 10mo)
Last made up 2026-02-21
Watchouts
None on the register
Cash
£1M
Latest balance sheet
Net assets
£559K
Equity attributable
Employees
78
Average over period
Profit before tax
£253K
Period ending 2024-12-31
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £5,270,000 | £10,907,000 | |
| Operating profit | £306,000 | £253,000 | |
| Profit before tax | £306,000 | £253,000 | |
| Net profit | £231,000 | £228,000 | |
| Cash | £1,076,000 | £1,239,000 | |
| Total assets less current liabilities | £4,214,000 | £4,472,000 | |
| Net assets | £331,000 | £559,000 | |
| Equity | £331,000 | £559,000 | |
| Average employees | 74 | 78 | |
| Wages | £1,139,000 | £2,569,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.8% | 2.3% | |
| Net margin | 4.4% | 2.1% | |
| Return on capital employed | 7.3% | 5.7% | |
| Current ratio | 3.20x | 3.62x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to pay its debts as they fall due. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “The company commenced trading on 1 July 2023. 2024 therefore represents the first full year of trading as Truline Systems Limited.”
- “During 2024 the company further invested in its manufacturing equipment with capital expenditure to improve its paint line capabilities, as well as investing in its workforce with new sales and marketing positions recruited to further drive sales growth.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMAS, Gareth Rhys | Secretary | 2026-02-01 | — | — |
| GAMMON, Alyn Huw | Director | 2023-02-22 | Mar 1970 | British |
| THOMAS, Gareth Rhys | Director | 2023-05-19 | Mar 1977 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOORMALEN, Geradus Johannes Van | Director | 2023-02-22 | 2023-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sas International Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-22 | Active |
Filing timeline
Last 11 of 11 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-03-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-26 | SH01 | capital | Capital allotment shares | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-22 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-02-22 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31