| Registered number: SC240957 | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2025 | ||||||||
| Tangram Furnishers Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2025 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| City of Edinburgh | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in SC - Scotland, registered number SC240957 | ||||||||
| ACCOUNTANTS | ||||||||
| Hodgson and Company | ||||||||
| 16 Barnes Green | ||||||||
| Livingston | ||||||||
| West Lothian | ||||||||
| EH54 8PP | ||||||||
| Tangram Furnishers Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 DECEMBER 2025 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| Tangram Furnishers Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2025 | 2024 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 6 | |||||||||
| Cash at bank and in hand | ||||||||||
| 705,135 | 773,522 | |||||||||
| CREDITORS: Amounts falling due within one year | 7 | |||||||||
| NET CURRENT ASSETS | 488,088 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 8 | - | 5,834 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | ||||||||||
| Profit and loss account | 482,858 | 493,096 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Tangram Furnishers Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2025 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting FRS 1021 a | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The accounts have been prepared under the historical cost convention. | ||||||||
| 1b. Depreciation | ||||||||
| Equipment | 20% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1e. Foreign Currency | ||||||||
| Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. | ||||||||
| 1f. Goodwill | ||||||||
| Tangram Furnishers Limited | ||||||||
| 1g. Government Grants | ||||||||
| Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually the submission of a valid claim for payment. | ||||||||
| Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. | ||||||||
| 2. EMPLOYEES | ||||||
| 2025 | 2024 | |||||
| No. | No. | |||||
| Average number of employees | 7 | |||||
| 3. INTANGIBLE FIXED ASSETS | ||||
| Purchased | ||||
| Goodwill | Total | |||
| £ | £ | |||
| Cost | ||||
| At 1 January 2025 | 56,000 | 56,000 | ||
| At 31 December 2025 | 56,000 | 56,000 | ||
| Depreciation | ||||
| At 1 January 2025 | 56,000 | 56,000 | ||
| At 31 December 2025 | 56,000 | 56,000 | ||
| Net Book Amounts | ||||
| At 31 December 2025 | ||||
| Tangram Furnishers Limited | ||||||||
| 4. TANGIBLE FIXED ASSETS | ||||||
| Land And | ||||||
| Buildings | Equipment | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 1 January 2025 | 25,638 | 76,810 | 102,448 | |||
| Additions | - | 1,069 | 1,069 | |||
| At 31 December 2025 | 25,638 | 77,879 | 103,517 | |||
| Depreciation | ||||||
| At 1 January 2025 | 25,638 | 62,355 | 87,993 | |||
| For the year | - | 3,105 | 3,105 | |||
| At 31 December 2025 | 25,638 | 65,460 | 91,098 | |||
| Net Book Amounts | ||||||
| At 31 December 2025 | 12,419 | |||||
| At 31 December 2024 | 14,455 | |||||
| 5. STOCK | 2025 | 2024 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 6. DEBTORS | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 44,076 | 53,382 | ||||||
| UK corporation tax | 2,867 | - | ||||||
| Prepayments | 18,271 | 35,049 | ||||||
| 65,214 | 88,431 | |||||||
| Tangram Furnishers Limited | ||||||||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| UK corporation tax | - | 15,959 | ||||||
| VAT | 22,640 | 30,277 | ||||||
| Social security and other taxes | 1,775 | 5,134 | ||||||
| Bounce Back Loan | - | 10,000 | ||||||
| Trade creditors | 170,715 | 98,738 | ||||||
| Accrued expenses | 36,459 | 125,326 | ||||||
| 231,589 | 285,434 | |||||||
| 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Bounce Back Loan | - | 5,834 | ||||||
| - | 5,834 | |||||||