Company Registration No. SC712842 (Scotland)
TANGO TEXTILES LIMITED
Unaudited accounts
for the year ended 31 October 2025
TANGO TEXTILES LIMITED
Unaudited accounts
Contents
TANGO TEXTILES LIMITED
Company Information
for the year ended 31 October 2025
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
TANGO TEXTILES LIMITED
Statement of financial position
as at 31 October 2025
Tangible assets
8,630
13,971
Cash at bank and in hand
18,562
23,524
Creditors: amounts falling due within one year
(67,128)
(46,762)
Net current assets/(liabilities)
17,117
(1,387)
Profit and loss account
25,747
12,584
Shareholders' funds
25,747
12,584
For the year ending 31 October 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 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 27 July 2026 and were signed on its behalf by
Scott Dubois
Director
Company Registration No. SC712842
TANGO TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 October 2025
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.
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.
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
33% Straight Line
Fixtures & fittings
33% Straight Line
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.
TANGO TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2024
14,343
2,139
16,482
At 31 October 2025
14,343
2,139
16,482
At 1 November 2024
1,646
865
2,511
Charge for the year
4,628
713
5,341
At 31 October 2025
6,274
1,578
7,852
At 31 October 2025
8,069
561
8,630
At 31 October 2024
12,697
1,274
13,971
Raw materials
65,000
21,167
Amounts falling due within one year
Accrued income and prepayments
446
684
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,952
5,826
Trade creditors
16,913
14,098
Amounts owed to group undertakings and other participating interests
1,940
-
Taxes and social security
9,770
2,410
Other creditors
7,694
5,367
Loans from directors
89
216
8
Transactions with related parties
During the year, the company entered into transactions with related parties in the ordinary course of business. The transactions involved Crafty Home Textiles Ltd. The total value of these transactions during the year was £1,940, with an outstanding balance of £1,940 as at the reporting date.
TANGO TEXTILES LIMITED
Notes to the Accounts
for the year ended 31 October 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 1).