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Company Registration No. 08597223 (England and Wales)
Taremtec Ltd Unaudited accounts for the year ended 31 July 2025
Taremtec Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Taremtec Ltd Company Information for the year ended 31 July 2025
Directors
Samuel Komolafe Titus Komolafe
Secretary
Samuel Komolafe
Company Number
08597223 (England and Wales)
Registered Office
UNIT 20 BROCKLEY CROSS BUSINESS CENTRE ENDWELL ROAD LONDON SE4 2PD
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Taremtec Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
930,026
981,360
Current assets
Inventories
1,676
1,676
Debtors
5
7,250
13,634
Cash at bank and in hand
(10,239)
2,936
(1,313)
18,246
Creditors: amounts falling due within one year
6
(1,704,319)
(1,664,352)
Net current liabilities
(1,705,632)
(1,646,106)
Total assets less current liabilities
(775,606)
(664,746)
Provisions for liabilities
Deferred tax
(59)
(59)
Net liabilities
(775,665)
(664,805)
Capital and reserves
Called up share capital
104
104
Profit and loss account
(775,769)
(664,909)
Shareholders' funds
(775,665)
(664,805)
For the year ending 31 July 2025 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 10 March 2026 and were signed on its behalf by
Samuel Komolafe Director Company Registration No. 08597223
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Taremtec Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Taremtec Ltd is a private company, limited by shares, registered in England and Wales, registration number 08597223. The registered office is UNIT 20 BROCKLEY CROSS BUSINESS CENTRE, 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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:
Plant & machinery
30 years
Computer equipment
2 years
Investments
Investments in subsidiary undertakings are recognised at cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is capitalised in the year in which it is incurred.
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.
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Taremtec Ltd Notes to the Accounts for the year ended 31 July 2025
Going concern
The balance sheet at the end of the year recorded net liabilities. However, the directors believe that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
1,182,267
169,934
1,352,201
Additions
-
25,967
25,967
At 31 July 2025
1,182,267
195,901
1,378,168
Depreciation
At 1 August 2024
198,837
172,004
370,841
Charge for the year
39,409
37,892
77,301
At 31 July 2025
238,246
209,896
448,142
Net book value
At 31 July 2025
944,021
(13,995)
930,026
At 31 July 2024
983,430
(2,070)
981,360
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
7,750
13,634
Other debtors
(500)
-
7,250
13,634
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,496
11,761
VAT
9,210
4,180
Amounts owed to group undertakings and other participating interests
1,672,914
1,642,390
Taxes and social security
13,149
5,729
Other creditors
2,550
292
1,704,319
1,664,352
7
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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