Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04954544 Mr John Longhurst Mrs Diane Carty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04954544 2024-03-31 04954544 2025-03-31 04954544 2024-04-01 2025-03-31 04954544 frs-core:CurrentFinancialInstruments 2025-03-31 04954544 frs-core:Non-currentFinancialInstruments 2025-03-31 04954544 frs-core:ComputerEquipment 2025-03-31 04954544 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04954544 frs-core:ComputerEquipment 2024-03-31 04954544 frs-core:SharePremium 2025-03-31 04954544 frs-core:ShareCapital 2025-03-31 04954544 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04954544 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04954544 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04954544 frs-bus:SmallEntities 2024-04-01 2025-03-31 04954544 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04954544 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04954544 frs-bus:Director1 2024-04-01 2025-03-31 04954544 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04954544 frs-core:CurrentFinancialInstruments 1 2025-03-31 04954544 frs-countries:EnglandWales 2024-04-01 2025-03-31 04954544 2023-03-31 04954544 2024-03-31 04954544 2023-04-01 2024-03-31 04954544 frs-core:CurrentFinancialInstruments 2024-03-31 04954544 frs-core:Non-currentFinancialInstruments 2024-03-31 04954544 frs-core:SharePremium 2024-03-31 04954544 frs-core:ShareCapital 2024-03-31 04954544 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04954544 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 04954544
Tangent Link Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Coastal Accountants Ltd
Chartered Certified Accountants
Office 2 Unit 3 Mitchell Point
Ensign Way, Hamble
Southampton
SO31 4RF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04954544
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,385 9,378
11,385 9,378
CURRENT ASSETS
Debtors 5 840,342 596,452
Cash at bank and in hand 905,345 754,758
1,745,687 1,351,210
Creditors: Amounts Falling Due Within One Year 6 (943,570 ) (710,927 )
NET CURRENT ASSETS (LIABILITIES) 802,117 640,283
TOTAL ASSETS LESS CURRENT LIABILITIES 813,502 649,661
Creditors: Amounts Falling Due After More Than One Year 7 - (25,345 )
NET ASSETS 813,502 624,316
CAPITAL AND RESERVES
Called up share capital 8 1,299,514 1,699,514
Share premium account 249,998 249,998
Profit and Loss Account (736,010 ) (1,325,196 )
SHAREHOLDERS' FUNDS 813,502 624,316
Page 1
Page 2
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
On behalf of the board
Mr John Longhurst
Director
15/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tangent Link Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04954544 . The registered office is Chilterns House Business Centre Eton Place, 64 High Street, Burnham, SL1 7JT.
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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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:
Computer Equipment 25% reducing balance method
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 110,513
Additions 5,905
As at 31 March 2025 116,418
Depreciation
As at 1 April 2024 101,135
Provided during the period 3,898
As at 31 March 2025 105,033
Net Book Value
As at 31 March 2025 11,385
As at 1 April 2024 9,378
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Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 364,957 283,339
Prepayments and accrued income 55,674 14,635
Other debtors 418,120 297,018
VAT 1,591 1,460
840,342 596,452
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 74,021 44,916
Bank loans and overdrafts - 10,000
Other taxes and social security 2,554 2,253
Other creditors 628 592
Other creditors (1) 3,190 4,029
Accruals and deferred income 862,748 648,708
Directors' loan accounts 429 429
943,570 710,927
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 25,345
Other creditors due more than 1 year represent the fair value of the convertible loan note issued in 2016 as described in the accounting policies.
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,299,514 1,699,514
Page 4