REGISTERED NUMBER: 09290629 (England and Wales)

Financial Statements

for the Year Ended 31 October 2025

for

Taperedplus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Chahal

R E Vass

REGISTERED OFFICE:

TaperedPlus House

8 Halegrove Court

Bowesfield Park

Stockton on Tees

Cleveland

TS18 3DB

REGISTERED NUMBER:

09290629 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Shotton BA BFP FCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

298,191

260,972

Tangible assets

5

42,000

35,839

340,191

296,811

CURRENT ASSETS

Stocks

6

1,515

20,479

Debtors

7

1,665,454

6,470,336

Cash at bank

1,524,979

1,970,759

3,191,948

8,461,574

CREDITORS

Amounts falling due within one year

8

1,280,369

2,210,193

NET CURRENT ASSETS

1,911,579

6,251,381

TOTAL ASSETS LESS CURRENT LIABILITIES

2,251,770

6,548,192

PROVISIONS FOR LIABILITIES

11

80,646

69,563

NET ASSETS

2,171,124

6,478,629

CAPITAL AND RESERVES

Called up share capital

12

40

40

Retained earnings

2,171,084

6,478,589

SHAREHOLDERS' FUNDS

2,171,124

6,478,629

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2026 and were signed on its behalf by:

A S Chahal - Director

1.	STATUTORY INFORMATION

Taperedplus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.

Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised when the goods have been delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost

Computer equipment - 10% - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

Stocks

Stocks and work in progress are valued at the lower of costs and estimated selling price less costs to sell. Costs includes a relevant proportion of overheads.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 80 months.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share options

Employees of the company receive remuneration in the form of share-based payments from the parent company,whereby employees render services as consideration for equity instruments.

The cost of equity-settled transactions is determined by the fair value at the date when the grant is made.

That cost is recognised as wages costs, together with a corresponding increase in equity, over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the parent company's best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement of profit or loss for a period represents the movement in cumulative expense recognised as at the beginning and end of that period.

Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the parent company's best estimate of the number of equity instruments that will ultimately vest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 November 2024

281,410

Additions

73,945

At 31 October 2025

355,355

AMORTISATION

At 1 November 2024

20,438

Amortisation for year

36,726

At 31 October 2025

57,164

NET BOOK VALUE

At 31 October 2025

298,191

At 31 October 2024

260,972

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

34,358

59,735

94,093

Additions

150

23,721

23,871

At 31 October 2025

34,508

83,456

117,964

DEPRECIATION

At 1 November 2024

23,841

34,413

58,254

Charge for year

5,010

12,700

17,710

At 31 October 2025

28,851

47,113

75,964

NET BOOK VALUE

At 31 October 2025

5,657

36,343

42,000

At 31 October 2024

10,517

25,322

35,839

6.

STOCKS

2025

2024

£

£

Stocks

1,515

20,479

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,150,682

1,753,560

Amounts owed by group undertakings

242,573

4,567,582

Other debtors

202,722

-

Prepayments and accrued income

69,477

149,194

1,665,454

6,470,336

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

837,643

1,296,615

Taxation and social security

151,392

323,558

Other creditors

13,310

57,713

Accruals and deferred income

278,024

532,307

1,280,369

2,210,193

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

48,543

71,557

Between one and five years

44,009

92,552

92,552

164,109

10.	SECURED DEBTS

Through liabilities held within the 100% parent there is a fixed and floating charge over all property of the company. This is due to the group undertaking BGF Nominees Limited.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

80,646

69,563

Deferred

tax

£

Balance at 1 November 2024

69,563

Accelerated capital allowances

11,083

Balance at 31 October 2025

80,646

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

12,000

Ordinary

£0.0033

40

40

40

40

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shotton BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

14.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

36,452

87,531

15.	ULTIMATE CONTROLLING PARTY

The immediate parent company is ViolinBidCo Limited, a company registered in england & Wales whos registered office address is Taperedplus House 8 Halegrove Court, Bowesfield Park, Stockton-On-Tees, United Kingdom, TS18 3DB.

The directors consider there to be no ultimate controlling party.

16.	SHARE OPTIONS

During the year, the Company granted Enterprise Management Incentive (“EMI”) share options to one employee over B Ordinary Shares at an exercise price equal to the HMRC-agreed market value of £0.01 per share. Options vest after 4 years.

Management consider the fair-value-based charge required by FRS 102 Section 26 to be immaterial to the financial statements, and therefore detailed disclosures have not been presented.