REGISTERED NUMBER: 03784574 (England and Wales)

TANGENTIAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

S C Williams-White

Mrs P S Williams-White

SECRETARY:

Mrs P S Williams-White

REGISTERED OFFICE:

3 Merlin Grove

East Hunsbury

Northampton

Northamptonshire

NN4 0QH

REGISTERED NUMBER:

03784574 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

449

598

CURRENT ASSETS

Work in progress

20,000

20,000

Debtors

5

6,628

26,047

Cash at bank

48,812

16,738

75,440

62,785

CREDITORS

Amounts falling due within one year

6

44,214

45,935

NET CURRENT ASSETS

31,226

16,850

TOTAL ASSETS LESS CURRENT LIABILITIES

31,675

17,448

CREDITORS

Amounts falling due after more than one year

7

5,570

11,500

NET ASSETS

26,105

5,948

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

26,005

5,848

SHAREHOLDERS' FUNDS

26,105

5,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

S C Williams-White - Director

1.	STATUTORY INFORMATION

Tangential 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 6 April 2024

and 5 April 2025

14,625

DEPRECIATION

At 6 April 2024

14,027

Charge for year

149

At 5 April 2025

14,176

NET BOOK VALUE

At 5 April 2025

449

At 5 April 2024

598

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

23,767

Other debtors

-

2,280

Directors' current accounts

6,628

-

6,628

26,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,000

6,000

Trade creditors

-

8,280

Corporation tax

15,036

8,885

VAT

7,361

8,386

Directors' current accounts

-

681

Accruals and deferred income

13,873

10,000

Accrued expenses

1,944

3,703

44,214

45,935

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,570

6,000

Bank loans - 2-5 years

-

5,500

5,570

11,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2025 and 5 April 2024:

2025

2024

£

£

S C Williams-White

Balance outstanding at start of year

-

-

Amounts advanced

6,628

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,628

-