REGISTERED NUMBER: 04013435 (England and Wales)

Unaudited Financial Statements

for the Year Ended 27 February 2026

for

Tangent Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

5

288,335

102,050

CURRENT ASSETS

Debtors

6

592,292

712,115

Cash at bank and in hand

195,623

196,395

787,915

908,510

CREDITORS

Amounts falling due within one year

7

404,564

579,726

NET CURRENT ASSETS

383,351

328,784

TOTAL ASSETS LESS CURRENT LIABILITIES

671,686

430,834

CREDITORS

Amounts falling due after more than one year

8

(178,381

)

(219,141

)

PROVISIONS FOR LIABILITIES

(48,974

)

-

NET ASSETS

444,331

211,693

CAPITAL AND RESERVES

Called up share capital

50,001

50,001

Retained earnings

394,330

161,692

SHAREHOLDERS' FUNDS

444,331

211,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

S Sutheran - Director

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.

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 5 (2025 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 28 February 2025

136,723

Additions

309,571

Disposals

(92,092

)

At 27 February 2026

354,202

DEPRECIATION

At 28 February 2025

34,673

Charge for year

61,418

Eliminated on disposal

(30,224

)

At 27 February 2026

65,867

NET BOOK VALUE

At 27 February 2026

288,335

At 27 February 2025

102,050

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

Plant and

machinery

etc

£

COST

At 28 February 2025

88,850

Additions

155,420

Disposals

(57,340

)

At 27 February 2026

186,930

DEPRECIATION

At 28 February 2025

15,366

Charge for year

42,319

Eliminated on disposal

(10,751

)

At 27 February 2026

46,934

NET BOOK VALUE

At 27 February 2026

139,996

At 27 February 2025

73,484

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.2.26

27.2.25

£

£

Trade debtors

95,005

162,808

Amounts recoverable on contract

208,630

232,494

Other debtors

288,657

316,813

592,292

712,115

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.2.26

27.2.25

£

£

Bank loans and overdrafts

-

10,000

Hire purchase contracts

25,325

22,163

Trade creditors

53,548

89,635

Taxation and social security

287,477

415,022

Other creditors

38,214

42,906

404,564

579,726

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

27.2.26

27.2.25

£

£

Bank loans

-

17,500

Hire purchase contracts

42,208

8,370

Trade creditors

106,828

123,494

Other creditors

29,345

69,777

178,381

219,141

9.	SECURED DEBTS

The following secured debts are included within creditors:

27.2.26

27.2.25

£

£

Hire purchase contracts

67,533

30,533

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