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Company Registration No. 05995711 (England and Wales)
TANGENT HOMES LIMITED Unaudited accounts for the year ended 31 March 2023
TANGENT HOMES LIMITED Unaudited accounts Contents
Page
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TANGENT HOMES LIMITED Company Information for the year ended 31 March 2023
Directors
John Stephen Newman Sarah Helen Newman
Company Number
05995711 (England and Wales)
Registered Office
6 Poole Hill Bournemouth BH2 5PS United Kingdom
Accountants
Accurate Complete Accounting Ltd 6 Poole Hill Bournemouth Dorset BH2 5PS
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TANGENT HOMES LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
171,139 
166,512 
Current assets
Debtors
22,427 
68,441 
Cash at bank and in hand
121,178 
92,591 
143,605 
161,032 
Creditors: amounts falling due within one year
15,302 
(648)
Net current assets
158,907 
160,384 
Total assets less current liabilities
330,046 
326,896 
Creditors: amounts falling due after more than one year
278,195 
278,195 
Provisions for liabilities
Deferred tax
(31,848)
(31,848)
Net assets
576,393 
573,243 
Capital and reserves
Called up share capital
136,890 
136,890 
Profit and loss account
439,503 
436,353 
Shareholders' funds
576,393 
573,243 
For the year ending 31 March 2023 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 26 November 2023 and were signed on its behalf by
John Stephen Newman Director Company Registration No. 05995711
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TANGENT HOMES LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
TANGENT HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05995711. The registered office is 6 Poole Hill, Bournemouth, BH2 5PS, United Kingdom.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
169,000 
- 
- 
169,000 
Additions
- 
1,086 
1,588 
2,674 
At 31 March 2023
169,000 
1,086 
1,588 
171,674 
Depreciation
At 1 April 2022
- 
2,488 
- 
2,488 
Charge for the year
- 
217 
318 
535 
On disposals
- 
(2,488)
- 
(2,488)
At 31 March 2023
- 
217 
318 
535 
Net book value
At 31 March 2023
169,000 
869 
1,270 
171,139 
At 31 March 2022
169,000 
(2,488)
- 
166,512 
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TANGENT HOMES LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
23,093 
21,005 
Other debtors
- 
48,102 
23,093 
69,107 
Amounts falling due after more than one year
Accrued income and prepayments
(666)
(666)
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
(15,950)
- 
Accruals
648 
648 
(15,302)
648 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
(419,600)
(419,600)
Other creditors
141,405 
141,405 
(278,195)
(278,195)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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