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Company Registration No. SC712842 (Scotland)
TANGO TEXTILES LIMITED Unaudited accounts for the year ended 31 October 2024
TANGO TEXTILES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TANGO TEXTILES LIMITED Company Information for the year ended 31 October 2024
Director
Scott Dubois
Company Number
SC712842 (Scotland)
Registered Office
UNIT 6 DALES INDUSTRIAL ESTATE PETERHEAD AB42 3JF SCOTLAND
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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TANGO TEXTILES LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,971 
2,138 
Current assets
Inventories
5
21,167 
46,408 
Debtors
6
684 
20,503 
Cash at bank and in hand
23,524 
4,913 
45,375 
71,824 
Creditors: amounts falling due within one year
7
(46,762)
(66,964)
Net current (liabilities)/assets
(1,387)
4,860 
Net assets
12,584 
6,998 
Capital and reserves
Profit and loss account
12,584 
6,998 
Shareholders' funds
12,584 
6,998 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 December 2025 and were signed on its behalf by
Scott Dubois Director Company Registration No. SC712842
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TANGO TEXTILES LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
TANGO TEXTILES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC712842. The registered office is UNIT 6 DALES INDUSTRIAL ESTATE, PETERHEAD, AB42 3JF, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3%
Fixtures & fittings
3%
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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TANGO TEXTILES LIMITED Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
2,118 
1,108 
3,226 
Additions
12,225 
1,031 
13,256 
At 31 October 2024
14,343 
2,139 
16,482 
Depreciation
At 1 November 2023
878 
210 
1,088 
Charge for the year
768 
655 
1,423 
At 31 October 2024
1,646 
865 
2,511 
Net book value
At 31 October 2024
12,697 
1,274 
13,971 
At 31 October 2023
1,240 
898 
2,138 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
21,167 
46,408 
21,167 
46,408 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
19,834 
Accrued income and prepayments
684 
- 
Other debtors
- 
669 
684 
20,503 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,826 
- 
VAT
18,692 
6,912 
Trade creditors
14,098 
44,527 
Taxes and social security
2,410 
729 
Other creditors
5,367 
7,097 
Loans from directors
216 
6,824 
Accruals
153 
875 
46,762 
66,964 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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