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Registered number:
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
COMPANY INFORMATION
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TANGENT INTERNATIONAL LIMITED
CONTENTS
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TANGENT INTERNATIONAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Directors present their Strategic Report and financial statements for the year ended 31 March 2025.
The Company’s business remains the provision of high-quality recruitment services to a diverse and international client base by sourcing, vetting and placing candidates in contract and permanent roles as required. A balance is struck between targeting new market segments (such as digital infrastructure, Cyber security and emerging technologies) while remaining committed to the telecoms sector, a core strength.
Total revenues increased by 1.3% to £63.5m (2024: £62.7m) and the overall gross profit margin increased to 9.4% (2024: 9.3%). The pre-tax profits arising from normal trading activities increased to £394,304 (2024: £295,299). After allowing for losses totalling £99,257 (2024: losses £187,430) arising from exchange rate movements during the period the final pre-tax profit was £295,047 (2024: £107,869). The challenging conditions from the previous year carried into 2024/25, resulting in a broadly flat market outlook. Despite this, the Company delivered an improvement in underlying performance across the core services of contract and permanent recruitment as well as developing emerging service lines. This performance, which outperformed broader market trends, is attributed to the Company’s ability to identify and capitalise on pockets of opportunity within relatively sluggish markets, leveraging data insights, sector-specific knowledge and longstanding international experience to secure a range of new clients and penetrate untapped regions. This comes from adopting a tenacious and proactive approach to business development, leading to new wins across multiple sectors and regions, strengthening long-standing client relationships and delivering solutions beyond traditional recruitment services. Underpinning all of this is a strong emphasis on cost management, improving operational efficiency without compromising service quality and ongoing investment in internal capabilities and training, ensuring personnel remain focussed, motivated, and equipped to deal with the multitude of challenges that businesses face in these ever-changing times. The Company’s annual trading performance is influenced by a wide range of external factors, including ongoing economic and political developments that impact key business drivers. These challenges are further compounded by shifts in the business mix, the cyclical progression of telecom technologies, and the strong negotiating position held by OEM clients. However, such factors are typical of the broader industry landscape in which the Company operates. Movement in revenues, gross margin (in both percentage and absolute terms) as well as net pre-tax profits remain the key performance indicators by which the directors measure progress of the Company’s business from one year to the next. Currency exchange rates are influenced by factors outside of the Company’s control but a longstanding and prudent approach to managing the risks associated with trading in multiple currencies continues to serve both the Company and the Group well. The cumulative impact of the annual gains or losses due to exchange rate movements continues to balance out to a largely neutral net position over a number of years. The average number of staff during the year was 62 (2024: 65) and is commensurate with the Company’s prudent approach to managing the business in the light of actual or anticipated trading conditions. Given market conditions, the underlying performance and progress achieved during the 2024/25 year is pleasing and a testament to the resilience and hard work across the whole organisation, delivering consistent performance in a volatile landscape, whilst maintaining a tight control on compliance and financial governance.
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TANGENT INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
External influences beyond the Company’s control continue to shape strategic decisions, operational activity, and growth prospects, particularly in international markets. Global issues such as armed conflicts, trade sanctions, geopolitical instability, and fluctuations in interest rates all significantly affect market confidence and business opportunities across multiple sectors.
The Company has built and nurtured strong client relationships and implemented robust business practices. Its ongoing commitment to continuous improvement has been a key driver of long-term success. Maintaining and strengthening these client partnerships remains central to both the Company and the Group’s strategy. Even in turbulent times, the Company demonstrates an ability to uncover new business prospects while reinforcing existing relationships, supporting its goals for sustainable growth and profitability. In line with its forward-looking approach, the Company remains open to exploring new sectors and business lines that complement its current activities, provided these do not compromise the quality or delivery of services to existing clients. Targeted investment in staff and technology will continue wherever it brings value to the Company and its shareholders. A strong emphasis is placed on recruiting skilled personnel and securing expert guidance to ensure compliance with legal and business requirements in both domestic and overseas markets. While burdensome regulations and unclear legislation continue to present challenges and inflate operational costs, the Company’s deep expertise in international compliance sets it apart and is increasingly valued by its clients. The directors believe the Company remains well-positioned to capitalise on existing opportunities and benefit from any gradual improvements in market conditions. Although accurate forecasting remains difficult in the current environment, there is a reasonable expectation of improved profitability in the coming year.
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TANGENT INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Interest rates have a direct effect on both market sentiment and profitability. Although rates have softened slightly, a sustained period of lower rates will be necessary before this is no longer considered a drag on business performance.
Increased taxation (direct or indirect) together with unclear medium/longer term government fiscal strategies all add up to significant burden on business, whether this be a direct drain on profitability or uncertainty impacting market confidence, making forward planning even more difficult. Global conflicts — including those in Ukraine and the Middle East — continue to pose serious challenges. These crises not only reduce access to certain international markets but also cast a long shadow over investment decisions and strategic planning at both corporate and government levels. With no clear resolution in sight, these issues will likely constrain global markets for the foreseeable future. While COVID-19 is now considered one of many common illnesses, its legacy continues to be felt. The pandemic’s economic impact on both national and corporate finances, along with enduring changes to workplace practices, will influence business environments for years to come. As an international operator, the Company is exposed to currency fluctuations. However, this risk is managed by matching direct contract costs to the revenue currency in almost all instances. The Company`s robust financial controls and sound financial base have proven beneficial during turbulent periods. Core priorities remain the prudent management of compliance, credit, and debtor exposure, as well as maintaining healthy cash flow to ensure liquidity for operational needs. The Company continues to function comfortably within its existing financing facilities. Looking ahead, the Company faces the typical challenges shared by many businesses: retaining strong relationships with key clients, expanding the customer base, securing the necessary technical expertise in diverse markets, and attracting and keeping high-calibre personnel essential for ongoing growth. Given the complexity of current conditions, forecasting remains a substantial challenge over the next 12 months. In summary, the directors remain vigilant in monitoring all operational aspects and are ready to adapt strategies as needed. The executive team is firmly focused on growing the core business while pursuing new niche opportunities that will contribute to the Company’s ongoing success and profitability.
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TANGENT INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The directors are aware of their responsibilities to act in a way which they consider in good faith would be most likely to promote the success of the business for the benefit of its members as a whole.
Tangent is a people business and the directors recognise that fostering good relations with its employees, customers, suppliers, partners and others is essential to the ongoing success of the business and this activity forms an ongoing and vital part of day-to-day operations. Corporate social responsibility and sustainability (CSR) is a crucial component in the Company’s success and is a core value of Tangent. The aim is to achieve a positive impact within the Tangent community and across society whilst maximising shared value for Tangent’s shareholders, employees, clients, suppliers and other stakeholders. Tangent’s CSR program is also designed to help reduce costs and increase productivity, whilst having full regard for employee’s well-being. Tangent’s CSR program is led by the company but encourages participation from all and includes policies and procedures whose purposes is to integrate social, environmental, ethical, human rights and customer concerns into its business operations and core strategy. As part of this, an ongoing two-way dialogue is maintained with all employees who are also regularly encouraged to submit ideas and suggestions (anonymously if they wish) that will contribute to the drive for constant improvement. These core values and policies together with the impact on the short, medium and longer-term interests of the company and all its stakeholders are central to the director’s strategic decision-making process. All key decisions taken during the year were therefore made within that framework.
This report was approved by the board and signed on its behalf.
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TANGENT INTERNATIONAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
The directors who served during the year were:
The profit for the year, after taxation, amounted to £215,408 (2024 - £78,732).
The results include Tangent International Limited registered in England and Wales as well as its branch Tangent Innovation registered in the United Arab Emirates.
The dividends paid in the year, including those proposed and approved at the year-end but not yet paid, are disclosed in Note 13.
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TANGENT INTERNATIONAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In accordance with Section 414c (11) of the Companies Act 2006, the Directors have chosen to include the following items in the Strategic Report:
∙Business review
∙Principal risks and uncertainties
∙Future developments
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TANGENT INTERNATIONAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
After the year end, Tangent International Limited's newly created branch in South Africa commenced trading, increasing the Company's presence within the region. This branch is trading as Tangent South Africa under registration number 2022/323941/10.
This report was approved by the board and signed on its behalf.
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TANGENT INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL LIMITED
We have audited the financial statements of Tangent International Limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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TANGENT INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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TANGENT INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;
∙Reviewing minutes of meetings of those charged with governance; and
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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TANGENT INTERNATIONAL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Colchester, United Kingdom
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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TANGENT INTERNATIONAL LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
REGISTERED NUMBER: 01552284
BALANCE SHEET
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 16 to 32 form part of these financial statements.
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TANGENT INTERNATIONAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Tangent International Limited is a private company limited by shares, incorporated in England and Wales, registration number 01552284.
The registered office and principal place of business is at 11 Woodbrook Crescent, Billericay, Essex, CM12 0EQ.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Tangent International Group Limited as at 31 March 2025 and these financial statements may be obtained from Companies House.
The Directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. The Directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Company's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The following judgements have had the most significant effect on amounts recognised in the financial statements: Useful lives of property, plant and equipment The charge in respect of periodic depreciation is derived after determining an estimate of an asset's expected useful life and the expected residual value at the end of its life. The useful lives of the Company's assets are determined by management at the time the asset is acquired and reviewed at least annually for appropriateness. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Recognition of provisions The Company has recognised provisions in its financial statements, which requires management to make judgements for: The judgements, estimates and associated assumptions necessary to assess the recoverability of these balances are based on historical experience and other reasonable factors.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of turnover by country of destination:
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
There are no significant factors that may affect future tax charges.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14.Tangible fixed assets (continued)
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21.Share capital (continued)
Share premium account
Profit and loss account
The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £105,708 (2024 - £109,408). Contributions of £38,357 (2024 - £24,553) were payable to the fund at the Balance Sheet date.
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TANGENT INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Company's immediate and ultimate parent company is Tangent International Group Ltd, a company registered and incorporated in England and Wales. The registered office address is 11 Woodbrook Crescent, Billericay, Essex, CM12 0EQ. This is the smallest and largest group for which consolidated accounts are drawn up that include Tangent International Limited.
Copies of the consolidated accounts are publicly available from Companies House.
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