IRIS Accounts Production v24.3.0.553 11019796 director 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110197962023-09-30110197962024-09-30110197962023-10-012024-09-30110197962022-09-30110197962022-10-012023-09-30110197962023-09-3011019796ns15:EnglandWales2023-10-012024-09-3011019796ns14:PoundSterling2023-10-012024-09-3011019796ns10:Director12023-10-012024-09-3011019796ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011019796ns10:SmallEntities2023-10-012024-09-3011019796ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3011019796ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3011019796ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011019796ns10:FullAccounts2023-10-012024-09-3011019796ns10:OrdinaryShareClass12023-10-012024-09-3011019796ns10:RegisteredOffice2023-10-012024-09-3011019796ns5:CurrentFinancialInstruments2024-09-3011019796ns5:CurrentFinancialInstruments2023-09-3011019796ns5:Non-currentFinancialInstruments2024-09-3011019796ns5:Non-currentFinancialInstruments2023-09-3011019796ns5:ShareCapital2024-09-3011019796ns5:ShareCapital2023-09-3011019796ns5:RetainedEarningsAccumulatedLosses2024-09-3011019796ns5:RetainedEarningsAccumulatedLosses2023-09-3011019796ns5:PlantMachinery2023-10-012024-09-3011019796ns5:PlantMachinery2023-09-3011019796ns5:PlantMachinery2024-09-3011019796ns5:PlantMachinery2023-09-3011019796ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3011019796ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3011019796ns5:Secured2024-09-3011019796ns5:Secured2023-09-3011019796ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 11019796 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Tangi Limited

Tangi Limited (Registered number: 11019796)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tangi Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Z Huang





REGISTERED OFFICE: 14 The Vineyards
Great Baddow
Chelsmford
Essex
CM2 7QS





REGISTERED NUMBER: 11019796 (England and Wales)

Tangi Limited (Registered number: 11019796)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 786 200

CURRENT ASSETS
Stocks 6,600 6,500
Debtors 5 3,696 38,055
Cash at bank and in hand 24,581 3,326
34,877 47,881
CREDITORS
Amounts falling due within one year 6 28,407 30,448
NET CURRENT ASSETS 6,470 17,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,256

17,633

CREDITORS
Amounts falling due after more than one year 7 7,033 17,365
NET ASSETS 223 268

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 221 266
SHAREHOLDERS' FUNDS 223 268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Tangi Limited (Registered number: 11019796)

Balance Sheet - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





Z Huang - Director


Tangi Limited (Registered number: 11019796)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Tangi Limited 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.

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

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 Statement of Income and Retained Earnings, 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.

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.

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.

Tangi Limited (Registered number: 11019796)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 369
Additions 740
At 30 September 2024 1,109
DEPRECIATION
At 1 October 2023 169
Charge for year 154
At 30 September 2024 323
NET BOOK VALUE
At 30 September 2024 786
At 30 September 2023 200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 3,696 38,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,332 10,077
Taxation and social security 16,013 17,812
Other creditors 2,062 2,559
28,407 30,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 7,033 17,365

Tangi Limited (Registered number: 11019796)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 17,365 27,442

The bank loan is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary 1 2 2

10. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,082 (2023 - £492). £Nil (2023 - £76) were payable at the balance sheet date.

11. RELATED PARTY DISCLOSURES

At the balance sheet date the balance due to the director was £169 (2023 - due from director - £32,815).