| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 27 February 2025 |
| for |
| Tangent Construction Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 6 Queens Court |
| Third Avenue |
| Team Valley |
| Gateshead |
| Tyne and Wear |
| NE11 0BU |
| BANKERS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 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 |
| Additions |
| At 27 February 2025 |
| DEPRECIATION |
| At 28 February 2024 |
| Charge for year |
| At 27 February 2025 |
| NET BOOK VALUE |
| At 27 February 2025 |
| At 27 February 2024 |
| 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 |
| Additions |
| At 27 February 2025 |
| DEPRECIATION |
| At 28 February 2024 |
| Charge for year |
| At 27 February 2025 |
| NET BOOK VALUE |
| At 27 February 2025 |
| At 27 February 2024 |
| 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 |
| Amounts recoverable on contract |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 27.2.25 | 27.2.24 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 27.2.25 | 27.2.24 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Trade creditors |
| Other creditors |
| 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. |