Acorah Software Products - Accounts Production 15.0.600 false true true false 28 August 2023 31 August 2024 31 August 2024 15099418 A Havill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15099418 2023-08-27 15099418 2024-08-31 15099418 2023-08-28 2024-08-31 15099418 frs-core:PlantMachinery 2023-08-28 2024-08-31 15099418 frs-core:ShareCapital 2024-08-31 15099418 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 15099418 frs-bus:PrivateLimitedCompanyLtd 2023-08-28 2024-08-31 15099418 frs-bus:AbridgedAccounts 2023-08-28 2024-08-31 15099418 frs-bus:SmallEntities 2023-08-28 2024-08-31 15099418 frs-bus:AuditExempt-NoAccountantsReport 2023-08-28 2024-08-31 15099418 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-28 2024-08-31 15099418 frs-bus:Director1 2023-08-28 2024-08-31 15099418 frs-countries:EnglandWales 2023-08-28 2024-08-31
Registered number: 15099418
Tangle Works Ltd
ABRIDGED Financial Statements
For the Period 28 August 2023 to 31 August 2024
Brooks Carling Accountants Ltd
Reporting accountants
1st Floor, Highview House Tattenham Crescent
Epsom
Surrey
KT18 5QJ
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 15099418
31 August 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 423
423
CURRENT ASSETS
Cash at bank and in hand 354
354
Creditors: Amounts Falling Due Within One Year (5,367 )
NET CURRENT ASSETS (LIABILITIES) (5,013 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,590 )
NET LIABILITIES (4,590 )
CAPITAL AND RESERVES
Called up share capital 5 100
Profit and Loss Account (4,690 )
SHAREHOLDERS' FUNDS (4,590)
Page 1
Page 2
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
A Havill
Director
20 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Tangle Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15099418 . The registered office is 1st Floor, Highview House Tattenham Crescent, Epsom, Surrey, KT18 5QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The financial statements have therefore been prepared on the going concern basis notwithstanding the fact that the company is technically insolvent. This is because the director and shareholder has pledged their ongoing support including providing whatever financial support is necessary for the company to meet its financial obligations.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straightline basis
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Total
£
Cost
As at 28 August 2023 -
Additions 564
As at 31 August 2024 564
Depreciation
As at 28 August 2023 -
Provided during the period 141
As at 31 August 2024 141
Net Book Value
As at 31 August 2024 423
As at 28 August 2023 -
Page 3
Page 4
5. Share Capital
31 August 2024
£
Allotted, Called up and fully paid 100
Page 4