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Tangible Ltd
Registered Number:09841614
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Tangible Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09841614
As at 31 March 2024
Tangible Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
6,312
4,003
2
6,312
4,003
Current assets
13,514
Cash and cash equivalents
9,131
9,131
13,514
Trade and other payables: amounts falling due within one
year
(2,722)
(13,129)
3
10,792
(3,998)
Net current liabilities
Total assets less current liabilities
2,314
14,795
(1,199)
(761)
Provisions for liabilities
1,115
Net assets
14,034
Capital and reserves
Called up share capital
1
1
Retained earnings
1,114
14,033
1,115
14,034
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Abbott Director
These financial statements were approved and authorised for issue by the Board on 27 December 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Tangible Ltd
Notes to the Financial Statements
Statutory Information
Tangible Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09841614.
Registered address:
The Oast Emr Centre
New Road
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for consultancy services provided in the accounting period.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 March 2024
Tangible Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Equipment
£
Cost or
valuation
At 01 April 2023
6,666
3,399
Additions
At 31 March 2024
10,065
Provision for depreciation and impairment
At 01 April 2023
2,663
Charge for year
1,090
At 31 March 2024
3,753
At 31 March 2024
Net book value
6,312
At 31 March 2023
4,003
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
2,760
2,722
Other creditors
10,369
-
13,129
2,722
4. Average number of persons employed
During the year the average number of employees was 2 (2023 : 1)
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