1 August 2023 false No description of principal activity Taxfiler 2024.6 03768270business:PrivateLimitedCompanyLtd2023-08-012024-07-31 037682702023-07-31 037682702023-08-012024-07-31 03768270business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 03768270business:FilletedAccounts2023-08-012024-07-31 037682702024-07-31 03768270business:Director12023-08-012024-07-31 03768270business:Director22023-08-012024-07-31 03768270business:RegisteredOffice2023-08-012024-07-31 037682702023-07-31 03768270core:WithinOneYear2024-07-31 03768270core:WithinOneYear2023-07-31 03768270core:AfterOneYear2024-07-31 03768270core:AfterOneYear2023-07-31 03768270core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 03768270core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 03768270core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 03768270core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 03768270core:PreviouslyStatedAmount2024-07-31 03768270core:PreviouslyStatedAmount2023-07-31 03768270business:SmallEntities2023-08-012024-07-31 03768270countries:EnglandWales2023-08-012024-07-31 03768270core:MotorVehicles2023-08-012024-07-31 03768270core:ComputerEquipment2023-08-012024-07-31 03768270core:PlantMachinery2023-07-31 03768270core:MotorVehicles2023-07-31 03768270core:ComputerEquipment2023-07-31 03768270core:PlantMachinery2023-08-012024-07-31 03768270core:PlantMachinery2024-07-31 03768270core:MotorVehicles2024-07-31 03768270core:ComputerEquipment2024-07-31 037682702022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 03768270 (England and Wales)
Tarem Services Limited Unaudited accounts for the year ended 31 July 2024
Tarem Services Limited Unaudited accounts Contents
Page
- 2 -
Tarem Services Limited Company Information for the year ended 31 July 2024
Directors
Samuel Komolafe Titus Komolafe
Company Number
03768270 (England and Wales)
Registered Office
UNIT 19 BROCKLEY CROSS BUSINESS CENTRE 96 ENDWELL ROAD LONDON SE4 2PD
- 3 -
Tarem Services Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,949 
60,052 
Current assets
Debtors
2,334,617 
2,164,564 
Investments
24,500 
18,500 
Cash at bank and in hand
45,308 
(16,803)
2,404,425 
2,166,261 
Creditors: amounts falling due within one year
(963,645)
(722,892)
Net current assets
1,440,780 
1,443,369 
Total assets less current liabilities
1,512,729 
1,503,421 
Creditors: amounts falling due after more than one year
(102,525)
(154,842)
Net assets
1,410,204 
1,348,579 
Capital and reserves
Called up share capital
20,737 
20,737 
Profit and loss account
1,389,467 
1,327,842 
Shareholders' funds
1,410,204 
1,348,579 
For the year ending 31 July 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 29 March 2025 and were signed on its behalf by
Samuel Komolafe Director Company Registration No. 03768270
- 4 -
Tarem Services Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Tarem Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03768270. The registered office is UNIT 19 BROCKLEY CROSS BUSINESS CENTRE, 96 ENDWELL ROAD, LONDON, SE4 2PD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents net invoiced sales, excluding value added tax. In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.
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:
Motor vehicles
25% on cost
Computer equipment
25% on cost
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.
- 5 -
Tarem Services Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
19,410 
118,513 
3,528 
141,451 
Additions
2,918 
17,000 
396 
20,314 
Disposals
- 
(25,798)
- 
(25,798)
At 31 July 2024
22,328 
109,715 
3,924 
135,967 
Depreciation
At 1 August 2023
3,038 
77,197 
1,164 
81,399 
Charge for the year
2,700 
18,523 
876 
22,099 
On disposals
- 
(39,480)
- 
(39,480)
At 31 July 2024
5,738 
56,240 
2,040 
64,018 
Net book value
At 31 July 2024
16,590 
53,475 
1,884 
71,949 
At 31 July 2023
16,372 
41,316 
2,364 
60,052 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
471,792 
456,044 
Amounts due from group undertakings etc.
1,642,457 
1,572,472 
Accrued income and prepayments
14,302 
126,792 
Other debtors
206,066 
9,256 
2,334,617 
2,164,564 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
24,500 
18,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
188,986 
- 
VAT
149,478 
156,571 
Obligations under finance leases and hire purchase contracts
40,325 
66,021 
Trade creditors
79,274 
95,022 
Amounts owed to group undertakings and other participating interests
560 
560 
Taxes and social security
160,991 
106,755 
Proposed dividends
1,257 
1,508 
Other creditors
252,423 
189,688 
Loans from directors
- 
62 
Accruals
90,351 
90,351 
Deferred income
- 
16,354 
963,645 
722,892 
- 6 -
Tarem Services Limited Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
102,525 
154,842 
9
Average number of employees
During the year the average number of employees was 129 (2023: 129).
- 7 -