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REGISTERED NUMBER: SC569535 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Tangible Stationery Company Limited

Tangible Stationery Company Limited (Registered number: SC569535)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tangible Stationery Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M McGinnes
Ms A M Bradley
P S Cottrell
Ms J M Lynch





REGISTERED OFFICE: 505 Great Western Road
GLASGOW
G12 8HN





REGISTERED NUMBER: SC569535 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Tangible Stationery Company Limited (Registered number: SC569535)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,136 12,381

CURRENT ASSETS
Stocks 189,440 178,639
Debtors 5 17,492 14,277
Cash at bank and in hand 150,782 163,003
357,714 355,919
CREDITORS
Amounts falling due within one year 6 74,028 81,589
NET CURRENT ASSETS 283,686 274,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,822

286,711

CREDITORS
Amounts falling due after more than one
year

7

278,875

217,488
NET ASSETS 15,947 69,223

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 15,747 69,023
SHAREHOLDERS' FUNDS 15,947 69,223

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

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

The directors acknowledge their 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.

Tangible Stationery Company Limited (Registered number: SC569535)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:




M McGinnes - Director



Ms J M Lynch - Director


Tangible Stationery Company Limited (Registered number: SC569535)

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

1. STATUTORY INFORMATION

Tangible Stationery Company Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 33% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Tangible Stationery Company Limited (Registered number: SC569535)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 2,033 20,379 18,447 40,859
Additions - - 643 643
At 31 December 2023 2,033 20,379 19,090 41,502
DEPRECIATION
At 1 January 2023 1,116 10,922 16,440 28,478
Charge for year 69 709 1,110 1,888
At 31 December 2023 1,185 11,631 17,550 30,366
NET BOOK VALUE
At 31 December 2023 848 8,748 1,540 11,136
At 31 December 2022 917 9,457 2,007 12,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,492 14,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,321 3,921
Amounts owed to group undertakings 33,899 339
Taxation and social security 26,435 60,530
Other creditors 11,373 16,799
74,028 81,589

Tangible Stationery Company Limited (Registered number: SC569535)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 278,875 217,488

8. RELATED PARTY DISCLOSURES

At 31 December 2022, £100,339 was owed to POD Creative Limited (2021: £125,339),
M McGinnes and A M Bradley are directors in both companies.