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REGISTERED NUMBER: 04013435 (England and Wales)








Unaudited Financial Statements

for the Year Ended 27 February 2025

for

Tangent Construction Limited

Tangent Construction Limited (Registered number: 04013435)






Contents of the Financial Statements
for the Year Ended 27 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tangent Construction Limited

Company Information
for the Year Ended 27 February 2025







DIRECTORS: S Sutheran
L Sutheran



REGISTERED OFFICE: Unit 3
Tangent Business Park
Casebourne Road
Hartlepool
TS25 1FA



REGISTERED NUMBER: 04013435 (England and Wales)



ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU



BANKERS: National Westminster Bank Plc
Chatham Customer Service Centre
Western Avenue
Waterside Court
Chatham
ME4 4RT

Tangent Construction Limited (Registered number: 04013435)

Balance Sheet
27 February 2025

27.2.25 27.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 102,050 32,925

CURRENT ASSETS
Debtors 6 712,115 835,052
Cash at bank and in hand 196,395 65,960
908,510 901,012
CREDITORS
Amounts falling due within one year 7 579,726 578,341
NET CURRENT ASSETS 328,784 322,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,834

355,596

CREDITORS
Amounts falling due after more than one
year

8

219,141

295,082
NET ASSETS 211,693 60,514

CAPITAL AND RESERVES
Called up share capital 50,001 50,001
Retained earnings 161,692 10,513
SHAREHOLDERS' FUNDS 211,693 60,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Tangent Construction Limited (Registered number: 04013435)

Balance Sheet - continued
27 February 2025


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 13 June 2025 and were signed on its behalf by:





S Sutheran - Director


Tangent Construction Limited (Registered number: 04013435)

Notes to the Financial Statements
for the Year Ended 27 February 2025

1. STATUTORY INFORMATION

Tangent Construction 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.

Turnover is recognised as contracts progress to reflect the company's partial performance of its contractual obligations. The amount of revenue recognised reflects the accrual of the right to consideration as contract activity progresses by reference to the value of work performed. Fees invoiced are deducted from the value of work performed and the balance is disclosed separately in debtors as amounts recoverable on contracts, unless such fees exceed the value of work performed on any contract in which case the excess is separately disclosed in creditors as payments on account.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred 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 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.


Tangent Construction Limited (Registered number: 04013435)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2025

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

Tangent Construction Limited (Registered number: 04013435)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 February 2024 52,517
Additions 84,206
At 27 February 2025 136,723
DEPRECIATION
At 28 February 2024 19,592
Charge for year 15,081
At 27 February 2025 34,673
NET BOOK VALUE
At 27 February 2025 102,050
At 27 February 2024 32,925

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 28 February 2024 31,650
Additions 57,200
At 27 February 2025 88,850
DEPRECIATION
At 28 February 2024 4,616
Charge for year 10,750
At 27 February 2025 15,366
NET BOOK VALUE
At 27 February 2025 73,484
At 27 February 2024 27,034

Tangent Construction Limited (Registered number: 04013435)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.25 27.2.24
£    £   
Trade debtors 162,808 333,803
Amounts recoverable on contract 232,494 206,321
Other debtors 316,813 294,928
712,115 835,052

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.25 27.2.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 22,163 4,987
Trade creditors 89,635 69,600
Taxation and social security 415,022 473,723
Other creditors 42,906 20,031
579,726 578,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
27.2.25 27.2.24
£    £   
Bank loans 17,500 27,500
Hire purchase contracts 8,370 2,786
Trade creditors 123,494 123,494
Other creditors 69,777 141,302
219,141 295,082

9. SECURED DEBTS

The following secured debts are included within creditors:

27.2.25 27.2.24
£    £   
Hire purchase contracts 30,533 7,773

The hire purchase balance is secured on the assets to which it relates.