Company No: 08031858 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	187,350		220,201
		187,350		220,201
Current assets
Stocks		13,125		12,500
Debtors	4	422,702		772,931
Cash at bank and in hand		683,232		452,509
		1,119,059		1,237,940
Creditors: amounts falling due within one year	5	( 533,437)		( 657,161)
Net current assets		585,622		580,779
Total assets less current liabilities		772,972		800,980
Creditors: amounts falling due after more than one year	6	0		( 17,454)
Provision for liabilities		( 21,280)		( 32,176)
Net assets		751,692		751,350
Capital and reserves
Called-up share capital	7	30		30
Profit and loss account		751,662		751,320
Total shareholders' funds		751,692		751,350

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of TARC Solutions Limited (registered number: 08031858) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

Mr A Tozer Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TARC Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Tarc Solutions Mills Bakery, Unit 11, Royal William Yard, Plymouth, PL1 3GE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life.

Vehicles	25 % reducing balance
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	27		26

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	334,520		57,877		392,397
Additions	20,000		9,655		29,655
Disposals	( 3,450)		0		( 3,450)
At 31 March 2025	351,070		67,532		418,602
Accumulated depreciation
At 01 April 2024	141,033		31,163		172,196
Charge for the financial year	52,121		10,039		62,160
Disposals	( 3,104)		0		( 3,104)
At 31 March 2025	190,050		41,202		231,252
Net book value
At 31 March 2025	161,020		26,330		187,350
At 31 March 2024	193,487		26,714		220,201

4. Debtors

	2025		2024
	£		£
Trade debtors	412,916		760,690
Amounts owed by Group undertakings	0		3,000
Other debtors	9,786		9,241
	422,702		772,931

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	23,242		9,990
Trade creditors	333,889		367,798
Taxation and social security	100,484		234,491
Other creditors	75,822		44,882
	533,437		657,161

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		17,454

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10 Ordinary A shares of £ 1.00 each	10		10
10 Ordinary B shares of £ 1.00 each	10		10
10 Ordinary C shares of £ 1.00 each	10		10
	30		30

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Director 1	4,302		4,052

During the year, the Company advanced £40,650 to the Director (2024 - £40,600), of which £40,400 was repaid (2024 - £40,400). The balance owed to the Company by the Director as at 31 March 2025 is £4,302 (2024 - Director owed the Company £4,052).
Interest was not charged on this amount and the balance is repayable on demand.

Other related party transactions

	2025		2024
	£		£
TARC Property Limited	0		3,000

The company has lent funds to other related parties. There are no formal agreements regarding the loan and as a result it is classified as receivable within 1 year. No interest was accrued on the loan balance.