Tredence Uk Limited

Audited Financial Statements for the Year Ended 31 May 2025

DIRECTORS:

S Bhowmick

S Dubey

S Mehra

REGISTERED OFFICE:

Dawson House

5 Jewry Street

London

EC3N 2EX

REGISTERED NUMBER:

13412673 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Miller FCA

AUDITORS:

BPU Limited

Chartered Accountants

Statutory Auditor

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

CURRENT ASSETS

Debtors

3

630,021

14,314

Cash at bank

115,379

76,309

745,400

90,623

CREDITORS

Amounts falling due within one year

4

1,963,653

1,114,382

NET CURRENT LIABILITIES

(1,218,253

)

(1,023,759

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,218,253

)

(1,023,759

)

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(1,268,253

)

(1,073,759

)

(1,218,253

)

(1,023,759

)

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

S Dubey - Director

1.	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.

The accounts have been prepared on the going concern basis as the company has the ongoing financial support of it's Directors and ultimate parent company. The ultimate parent company, Tredence Inc., has indicated that, for at least 12 months from the date of approval of these financial statements, it will continue to provide the necessary resources to continue operations.

Please see the "Material uncertainty related to going concern" in the Auditors Report for their opinion on this matter.

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 with wholly owned subsidiaries within the group.

Turnover

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

Pension costs

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

223,054

-

Other debtors & prepayments

406,967

14,314

630,021

14,314

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,799,003

1,026,293

Taxes & social security costs

60,465

190

Other creditors & accruals

104,185

87,899

1,963,653

1,114,382

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

The Report of the Auditors was unqualified.

Material uncertainty relating to going concern

We draw attention to the Balance Sheet, which indicates that at 31 May 2024 the company's current liabilities exceeded it's current assets. The primary creditor of the company is it's parent company, which has provided a guarantee that it will provide ongoing support and financial assistance for a period of 12 months from the accounts being signed off.

As this guarantee is not a legally binding contract this support could be withdrawn at any point and the creditor would be due for payment. If this were to be the case then the company would cast significant doubt on the company's ability to continue as a going concern. Our audit report is not modified in respect of this matter.

Andrew Lloyd Miller FCA (Senior Statutory Auditor)

for and on behalf of BPU Limited