Company Registration No. 01730654 (England and Wales)
Tangent Electrical Limited
Unaudited accounts
for the year ended 31 August 2025
Tangent Electrical Limited
Unaudited accounts
Contents
Tangent Electrical Limited
Company Information
for the year ended 31 August 2025
Directors
Paul Childs
Timothy Clarke
Company Number
01730654 (England and Wales)
Registered Office
2 Wheelwrights Yard
The Street
Hatfield Peverel
Chelmsford
Essex
CM3 2EA
England
Accountants
Finer Accountancy Ltd
36 Brook Lane
Galleywood
Chelmsford
Essex
CM2 8NL
Tangent Electrical Limited
Statement of financial position
as at 31 August 2025
Tangible assets
45,276
60,249
Cash at bank and in hand
40,940
2,441
Creditors: amounts falling due within one year
(53,850)
(82,637)
Net current assets
30,910
14,444
Total assets less current liabilities
76,186
74,693
Creditors: amounts falling due after more than one year
(28,285)
(40,800)
Provisions for liabilities
Other provisions
(1,647)
(1,647)
Called up share capital
100
100
Profit and loss account
46,154
32,146
Shareholders' funds
46,254
32,246
For the year ending 31 August 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by
Paul Childs
Director
Company Registration No. 01730654
Tangent Electrical Limited
Notes to the Accounts
for the year ended 31 August 2025
Tangent Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 01730654. The registered office is 2 Wheelwrights Yard, The Street, Hatfield Peverel, Chelmsford, Essex, CM3 2EA, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Reducing
Fixtures & fittings
20% Reducing
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangent Electrical Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2024
77,192
6,473
83,665
At 31 August 2025
77,192
6,473
83,665
At 1 September 2024
18,714
4,702
23,416
Charge for the year
14,619
354
14,973
At 31 August 2025
33,333
5,056
38,389
At 31 August 2025
43,859
1,417
45,276
At 31 August 2024
58,478
1,771
60,249
Amounts falling due within one year
Trade debtors
28,164
74,507
Accrued income and prepayments
-
1,233
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,556
5,556
Obligations under finance leases and hire purchase contracts
6,425
6,425
Trade creditors
3,230
23,697
Taxes and social security
7,234
-
Loans from directors
22,798
30,267
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
3,748
10,708
Tangent Electrical Limited
Notes to the Accounts
for the year ended 31 August 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Lump sum from Company Bank Account
-
15,000
-
15,000
9
Transactions with related parties
Dividends totalling £NIL (2025-£NIL) were paid in the year in respect of shares held by the company's directors.
10
Average number of employees
During the year the average number of employees was 6 (2024: 7).