BrightAccountsProduction v1.0.0 v1.0.0 2023-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of marketing services. 28 March 2025 2 2 NI649264 2024-06-30 NI649264 2023-06-30 NI649264 2022-06-30 NI649264 2023-07-01 2024-06-30 NI649264 2022-07-01 2023-06-30 NI649264 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI649264 uk-curr:PoundSterling 2023-07-01 2024-06-30 NI649264 uk-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI649264 uk-bus:FullAccounts 2023-07-01 2024-06-30 NI649264 uk-core:ShareCapital 2024-06-30 NI649264 uk-core:ShareCapital 2023-06-30 NI649264 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI649264 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI649264 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI649264 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI649264 uk-bus:FRS102 2023-07-01 2024-06-30 NI649264 uk-core:CurrentFinancialInstruments 2024-06-30 NI649264 uk-core:CurrentFinancialInstruments 2023-06-30 NI649264 uk-core:WithinOneYear 2024-06-30 NI649264 uk-core:WithinOneYear 2023-06-30 NI649264 uk-core:AfterOneYear 2024-06-30 NI649264 uk-core:AfterOneYear 2023-06-30 NI649264 uk-core:BetweenOneTwoYears 2024-06-30 NI649264 uk-core:BetweenOneTwoYears 2023-06-30 NI649264 uk-core:BetweenTwoFiveYears 2024-06-30 NI649264 uk-core:BetweenTwoFiveYears 2023-06-30 NI649264 2023-07-01 2024-06-30 NI649264 uk-bus:Director1 2023-07-01 2024-06-30 NI649264 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI649264
 
 
Tangible Consulting Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 June 2024
Tangible Consulting Ltd
Company Registration Number: NI649264
Statement of Financial Position
as at 30 June 2024

2024 2023
Notes £ £
 
Current Assets
Debtors 5 45,563 41,519
Cash and cash equivalents 15,428 5,570
───────── ─────────
60,991 47,089
───────── ─────────
Creditors: amounts falling due within one year 6 (52,887) (35,125)
───────── ─────────
Net Current Assets 8,104 11,964
───────── ─────────
Total Assets less Current Liabilities 8,104 11,964
 
Creditors:
amounts falling due after more than one year 7 (8,024) (11,389)
───────── ─────────
Net Assets 80 575
═════════ ═════════
 
Capital and Reserves
Called up share capital 5 5
Retained earnings 75 570
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Equity attributable to owners of the company 80 575
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 28 March 2025 and signed on its behalf by
           
           
________________________________          
Mr. Eamonn Cavlan          
Director          
           



Tangible Consulting Ltd
Notes to the Financial Statements
for the financial year ended 30 June 2024

   
1. General Information
 
Tangible Consulting Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 11 Glengoland Avenue, Dunmurry, Belfast, BT17 0HY, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the provision of marketing services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company.
 
Work in progress
Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The Directors have considered the period of not less than 12 months from the date of approval of the financial statements and are content that the accounts should be prepared on a going concern basis.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
 
  2024 2023
  Number Number
 
Directors 2 2
  ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors 6,535 15,596
Other debtors 9,297 11,716
Directors' current accounts (Note 10) 29,731 14,207
  ───────── ─────────
  45,563 41,519
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 2,319 2,370
Taxation 44,568 30,055
Accruals 6,000 2,700
  ───────── ─────────
  52,887 35,125
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 8,024 11,389
  ═════════ ═════════
 
Loans
Repayable between one and two years 3,327 3,911
Repayable between two and five years 4,697 7,478
  ───────── ─────────
  8,024 11,389
  ═════════ ═════════
 
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2024.
           
9. Related party transactions
 
Included in debtors, is an amount due from the Directors of £29,731 (2023: £14,207) to the company at the year end. The balance was repayable on demand. Interest income of £Nil (2023: £200) was recognised in the accounts relating to this loan balance.
   
10. Directors' advances, credits and guarantees
 
Please refer to the above note on related party transactions.
   
11. Controlling interest
 
The controllng party is Mr Eamonn Cavlan, by virtue of his majority shareholding.
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.