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REGISTERED NUMBER: 09382520 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Tangerine Cars Ltd

Tangerine Cars Ltd (Registered number: 09382520)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Tangerine Cars Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: A Totten





REGISTERED OFFICE: Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB





REGISTERED NUMBER: 09382520 (England and Wales)





ACCOUNTANTS: Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB

Tangerine Cars Ltd (Registered number: 09382520)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,850 12,848
Tangible assets 5 37,001 58,722
46,851 71,570

CURRENT ASSETS
Debtors 6 45,489 29,379
Cash at bank 1,581 6,838
47,070 36,217
CREDITORS
Amounts falling due within one year 7 409,019 329,445
NET CURRENT LIABILITIES (361,949 ) (293,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(315,098

)

(221,658

)

PROVISIONS FOR LIABILITIES 7,030 11,157
NET LIABILITIES (322,128 ) (232,815 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (322,129 ) (232,816 )
SHAREHOLDERS' FUNDS (322,128 ) (232,815 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tangerine Cars Ltd (Registered number: 09382520)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





A Totten - Director


Tangerine Cars Ltd (Registered number: 09382520)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Tangerine Cars Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Tangerine Cars Ltd (Registered number: 09382520)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 42,828
AMORTISATION
At 1 February 2022 29,980
Charge for year 2,998
At 31 January 2023 32,978
NET BOOK VALUE
At 31 January 2023 9,850
At 31 January 2022 12,848

Tangerine Cars Ltd (Registered number: 09382520)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 171,918
DEPRECIATION
At 1 February 2022 113,196
Charge for year 21,721
At 31 January 2023 134,917
NET BOOK VALUE
At 31 January 2023 37,001
At 31 January 2022 58,722

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 3,490 1,959
Other debtors 41,999 27,420
45,489 29,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 14,067 2,666
Other creditors 394,952 326,779
409,019 329,445

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

Tangerine Cars Ltd (Registered number: 09382520)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. RESERVES
Retained
earnings
£   

At 1 February 2022 (232,816 )
Deficit for the year (89,313 )
At 31 January 2023 (322,129 )

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed to its director, Mr A Totten, £394,354 (2022: £326,179). This loan is interest free and is repayable on demand.

Tangerine Cars Ltd

Report of the Accountants to the Director of
Tangerine Cars Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB


Date: .............................................