FRS102 1A Filleted


Company registration number:						09841614
Tangible Ltd

Balance sheet
as at 31 March 2026

		2026		2025
	Note	£	£	£	£
Fixed assets
Tangible assets	4	3,458		5,508
			3,458		5,508
Current assets
Debtors	5	1,186		-
Cash at bank and in hand		42		3,351
			1,228		3,351
Creditors: amounts falling due within one year	6		(3,761)		(3,957)
Net current liabilities			(2,533)		(606)
Total assets less current liabilities			925		4,902
Provisions for liabilities			(657)		(1,047)
NET ASSETS			268		3,855

Capital and reserves
Called up share capital			1		1
Profit and loss account			267		3,854
TOTAL EQUITY			268		3,855


The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.

1


Tangible Ltd

Notes to the financial statements
for the year ended 31 March 2026


1	Company information

	Tangible Ltd is a private company registered in England and Wales. Its registered number is 09841614. The company is limited by shares. Its registered office is F2 East Court, Enterprise Road, Maidstone, ME15 6JF.

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 historic cost convention.

	Going concern
	In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. At 31 March 2026, the company had net current liabilities of £2,533 (2025: £606). The director is of the opinion that the working capital available at 31 March 2026, which is reviewed on a regular basis, will be sufficient to enable the company to continue operating for at least the 12 months from the signing of these accounts, and pay its debts as they fall due. The director has therefore concluded that the accounts should continue to be prepared on a going concern basis.

	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 or, if held under a finance lease, over the lease term, whichever is the shorter.

	Plant and machinery etc.:
	Equipment	-	25% straight line

	Taxation
	Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.

3


Tangible Ltd

Notes to the financial statements - continued
for the year ended 31 March 2026

2	Accounting policies - continued

	Deferred taxation
	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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3	Average number of employees

	During the year the average number of employees was 1 (2025 - 2).

4	Tangible fixed assets

			Plant and machinery etc.
			£
	Cost
	At 1 April 2025		11,798
	Additions		650
	At 31 March 2026		12,448

	Depreciation
	At 1 April 2025		6,290
	Charge for year		2,700
	At 31 March 2026		8,990

	Net book value
	At 31 March 2026		3,458

	At 31 March 2025		5,508


5	Debtors

		2026	2025
		£	£
	Taxation	1,186	-


4


	Company registration number:		09841614
	Tangible Ltd

	Balance sheet - continued
	as at 31 March 2026

	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 Profit and loss account has not been delivered to the Registrar.

	Signed by:

	Mr D Abbott, Director
	30 June 2026

	2


	Company registration number:	09841614

	Annual report and unaudited financial statements
	for the year ended 31 March 2026
	for
	Tangible Ltd


	Pages for filing with the Registrar