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
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
Tarem Services Limited
Statement of financial position
as at 31 July 2024
Tangible assets
71,949
60,052
Debtors
2,334,617
2,164,564
Cash at bank and in hand
45,308
(16,803)
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
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
Tarem Services Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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 in shares are included at fair value.
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 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.
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
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
At 31 July 2024
16,590
53,475
1,884
71,949
At 31 July 2023
16,372
41,316
2,364
60,052
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
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
-
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
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).