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REGISTERED NUMBER: 07033652 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

TANGI-FLOW PRODUCTS LIMITED

TANGI-FLOW PRODUCTS LIMITED (REGISTERED NUMBER: 07033652)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TANGI-FLOW PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: O A Coyne
C P Barrett
M T Lynskey





SECRETARY: C P Barrett





REGISTERED OFFICE: Old Station Road
Loughton
Essex
IG10 4PL





REGISTERED NUMBER: 07033652 (England and Wales)





AUDITORS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

TANGI-FLOW PRODUCTS LIMITED (REGISTERED NUMBER: 07033652)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 35,224 39,773
Debtors 4 45,260 55,395
Cash at bank 15,052 11,348
95,536 106,516
CREDITORS
Amounts falling due within one year 5 56,352 49,582
NET CURRENT ASSETS 39,184 56,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,184

56,934

CREDITORS
Amounts falling due after more than one
year

6

6,666

16,666
NET ASSETS 32,518 40,268

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,418 40,168
32,518 40,268

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 18 December 2024 and were signed on its behalf by:





O A Coyne - Director


TANGI-FLOW PRODUCTS LIMITED (REGISTERED NUMBER: 07033652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Tangi-Flow Products 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.

The following principal accounting policies have been applied:

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured at the fair value of the consideration receivable, excluding discounts and value added tax.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer.

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

Stock is measured on a first in, first out basis.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade debtors, debtors from related parties and creditors and loans from third parties.

Financial assets are initially recognised at cost. At the end of each reporting period, financial assets are assessed for objective evidence of impairment.

Debt instruments that are payable or repayable within one year, typically trade debtors and creditors are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received or paid.

Debt instruments including loans payable are measured initially at cost and subsequently at amortised cost using the effective interest method.


TANGI-FLOW PRODUCTS LIMITED (REGISTERED NUMBER: 07033652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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 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.

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 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,927 34,062
Amounts owed by group undertakings 13,333 21,333
45,260 55,395

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 38,750 30,380
Corporation tax - 1,867
Social security and other taxes 3,428 3,870
VAT 1,174 746
Accruals and deferred income 3,000 2,719
56,352 49,582

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,666 16,666

TANGI-FLOW PRODUCTS LIMITED (REGISTERED NUMBER: 07033652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Sarah Elizabeth Warner FCCA (Senior Statutory Auditor)
for and on behalf of Bentens

8. ULTIMATE CONTROLLING PARTY

The immediate parent company is Wickman Coventry Limited, registered number 03134891.

The ultimate parent company is Tajmac MTM S.p.a., a company incorporated in Italy with registered address Via Monte Gran Sasso 15, Cinisello Balsamo, Milan, Italy.