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Registered number:
FOR THE YEAR ENDED 31 MARCH 2026
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TANGENT INTERNATIONAL GROUP LTD
COMPANY INFORMATION
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TANGENT INTERNATIONAL GROUP LTD
CONTENTS
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TANGENT INTERNATIONAL GROUP LTD
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Directors present their Strategic Report and financial statements for the year ended 31 March 2026.
The Group’s business remains the provision of high-quality recruitment services to a diverse and international client base by sourcing, vetting and placing candidates in contract and permanent roles as required. A balance is struck between targeting new market segments (such as digital infrastructure, cyber security and emerging technologies) while remaining committed to the telecoms sector, which has been a core strength for over 30 years.
Total revenues increased by 2.7% to £74.0m (2025: £72.1m) and the overall gross profit margin decreased slightly to 9.4% (2025: 9.5%). The pre-tax profits arising from normal trading activities increased to £1,045,698 (2025: £956,151). After allowing for losses totalling £80,022 (2025: losses £99,167) arising from exchange rate movements during the period the final Group pre-tax profit was £965,676 (2025: £856,984). The difficult trading conditions experienced in the preceding year continued into 2025/26, resulting in an overall market environment that remained broadly subdued. Despite this backdrop, the Group continued to perform well with underlying performance showing a modest improvement across its established contract and permanent recruitment activities, while also making progress towards a broader, more consultative approach, focusing on understanding customers' workforce and project challenges and providing solutions across a wider range of services. The result, which compared favourably with wider market conditions, reflects the Group’s ability to identify and exploit areas of opportunity within weak markets. This has been supported by the effective use of market and data intelligence, sector knowledge and more than four decades of international experience, enabling the Group to win new clients and establish a presence in previously underdeveloped territories. It is almost inevitable that business levels with longstanding key clients sometimes fluctuate significantly, not least because their own progress can be impacted by major project/industry wide technology cycles, as well as external influences that all businesses are exposed to. The Group continues to prove its own flexibility and speed of response in handling large increases in demand as well as resilience when periodic downturns occur by adapting, seeking out other opportunities and then moving forward again. A determined and proactive approach to business development has been central to this progress. New opportunities have been secured across a range of sectors and geographical markets, existing client relationships strengthened and the Group has continued to provide services extending beyond conventional recruitment activity. The Group’s International growth strategy continued to deliver strong revenues and as a further step during the early part of the year, the Group’s main operating subsidiary (Tangent International Limited) commenced trading in the Republic of South Africa through its South African branch. Careful cost control remains a crucial element of the Group’s overall approach. Operational efficiencies continued to be pursued by significant adoption of AI and automation across the business. These technologies are increasingly embedded within the Group’s operational and commercial processes, improving efficiency, productivity and the service provided to customers and consultants. Investment in internal skills, systems and training has also been maintained to ensure that employees remain engaged, capable and appropriately prepared to respond to the increasingly complex environment in which businesses are required to operate.
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TANGENT INTERNATIONAL GROUP LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The Group’s trading results continue to be affected by numerous external influences, including economic and political developments which can materially alter the principal drivers of demand. Additional pressures arise from changes in the business mix, the continuing evolution of telecommunications technologies and the considerable purchasing leverage exercised by OEM customers. These influences are, however, recognised characteristics of the wider markets in which the Group operates. Movement in revenue, gross margin, both in percentage and absolute terms, and net pre-tax profit continue to represent the principal measures used by the directors when assessing the Group’s progress from one financial year to the next. Foreign exchange movements remain outside the Group’s direct control. Nevertheless, the Group has always adopted a cautious and consistent approach to managing the risks associated with its international activities. Over the longer term, the aggregate effect of annual currency gains and losses tends to balance out to a broadly neutral overall position. The average number of staff during the year was 57 (2025: 64) and is commensurate with the Group’s prudent approach to managing the business in the light of actual or anticipated trading conditions. In summary and within the context of the prevailing market conditions, the Group’s underlying performance during 2025/26 is encouraging and reflects the resilience, commitment and hard work demonstrated throughout the organisation. This has been achieved whilst maintaining appropriate levels of compliance, financial discipline and governance.
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TANGENT INTERNATIONAL GROUP LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
External circumstances outside the Group’s control continue to influence strategic priorities, day-to-day operations and the scope for future growth, particularly across international markets. Armed conflicts, sanctions and trade restrictions, geopolitical uncertainty and interest-rate movements continue to affect business confidence, investment decisions and the availability of commercial opportunities across a number of sectors.
In addition, the wider business environment is being influenced by increasing taxation, regulatory requirements and policy uncertainty. While the Group remains focused on operating constructively within the prevailing UK framework, the cumulative effect of additional costs, administrative obligations and uncertainty over future policy can make investment and long-term planning more difficult for businesses generally. For over 45 years, the Group has developed enduring relationships with clients and established disciplined and robust ways of working. Its commitment to continuous improvement has been an important contributor to its longevity and success. Protecting and developing these relationships therefore remains a fundamental component of the Group’s strategy. Even in unsettled markets, the Group continues to seek new opportunities while strengthening existing partnerships, with the objective of delivering sustainable growth and profitability. Consistent with its long-term outlook, the Group will continue to invest in and expand international operations, widening existing client bases, improve operating margins wherever possible and consider opportunities to enter complementary sectors and develop additional service lines where these offer a suitable strategic fit. Such developments will, however, remain subject to ensuring that existing clients continue to receive the high standards of service and delivery expected of the Group. The Group’s existing overseas entities continue to show satisfactory progress and as one further step in international expansion, a new subsidiary has been incorporated in Mexico after year end to provide a platform for further growth in that country as well as the wider Latin American market. Investment in people, systems and technology will continue where this is considered capable of generating worthwhile benefits for the Group and its shareholders. Particular importance will be placed on securing suitably qualified employees and specialist advice so that the Group can meet the increasingly demanding legal, regulatory and commercial requirements applying in both UK and overseas markets. Although regulation and legislation can at times be complex, burdensome or insufficiently clear, the Group’s established knowledge of international compliance remains a significant strength and is increasingly recognised by clients. The directors consider that the Group is well placed to take advantage of opportunities already identified and to benefit should market conditions improve progressively. Whilst the current environment makes precise forecasting particularly challenging, the directors remain focussed on the Group delivering another profitable period for the year ahead.
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TANGENT INTERNATIONAL GROUP LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
Interest rates continue to influence both business confidence and profitability. Although rates have eased from previous levels, the directors consider that a sustained period of lower rates will be required before this factor ceases to represent a material constraint on business activity.
The continuing increase in taxation, whether direct or indirect, together with uncertainty surrounding the Government’s longer-term fiscal and economic direction, represents an additional burden for businesses. The effect can be felt both through the direct impact on profitability and through reduced confidence, making investment decisions and forward financial planning even more difficult. More broadly, policies perceived by many businesses as adding cost or regulation rather than encouraging investment and growth may further constrain the ability of companies to expand, employ and commit capital with confidence. International conflicts, notably those involving Ukraine and the Middle East, remain a significant source of uncertainty. In addition to restricting access to specific markets and disrupting established trading arrangements, such conflicts can materially influence corporate investment decisions and government economic policy. In the absence of clear and lasting resolutions, the directors expect geopolitical tensions to remain a constraint on global economic activity for some time. Although COVID-19 has become part of the broader landscape of common illnesses, its consequences have not disappeared. The effects of the pandemic on government and corporate finances, together with lasting changes in working practices and employee expectations, will continue to influence the commercial environment for the foreseeable future. The Group’s international activities expose it to movements in exchange rates. This exposure is mitigated in most cases by aligning direct contractual costs with the currency in which the related revenue is generated. The Group’s established financial controls and strong financial position have provided valuable protection during periods of economic volatility. Continued attention is therefore given to compliance, credit management and debtor exposure, together with the preservation of sufficient cash flow and liquidity to support normal operations. The Group continues to operate comfortably within its existing financing arrangements. Looking forward, the Group faces many of the same challenges encountered by businesses operating in competitive and uncertain markets. These include maintaining close relationships with key customers, broadening the client base, obtaining appropriate technical and market expertise across different jurisdictions, and attracting and retaining the high-quality personnel required to support future development. The combination of economic uncertainty, geopolitical disruption, changing regulation and an unpredictable domestic policy environment means that forecasting over the next twelve months remains particularly difficult. The directors will therefore continue to monitor the Group’s activities closely and adjust its approach where circumstances require. The executive team remains focused on developing the established core business while selectively pursuing niche opportunities capable of contributing to the Group’s longer-term performance, profitability and resilience.
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TANGENT INTERNATIONAL GROUP LTD
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The directors recognise their responsibility to act in the manner which they consider, in good faith, is most likely to promote the success of the Group for the benefit of its members as a whole.
Tangent is fundamentally a people-focused business, and the directors recognise that maintaining constructive relationships with employees, customers, suppliers, business partners and other stakeholders is essential to its continued success. Building and sustaining these relationships is therefore an integral part of the Group’s everyday activities. Corporate social responsibility and sustainability (CSR) remain essential elements of the Group’s approach and form a core part of Tangent’s values. The objective is to create a positive impact within the Tangent community and the wider society, while seeking to maximise the shared value generated for shareholders, employees, clients, suppliers and other stakeholders. The Group’s CSR programme also seeks to support cost efficiency and productivity improvements while maintaining proper regard for employee wellbeing. The CSR programme is led by the company but is designed to involve employees throughout the organisation. It incorporates policies and procedures designed to ensure that social, environmental, ethical, human rights and customer considerations are appropriately reflected in the Group’s operations and wider business strategy. As part of this approach, the Group maintains an ongoing two-way dialogue with employees. Personnel are regularly encouraged to put forward ideas and suggestions for improvement and may do so anonymously where preferred. This provides an important means of identifying practical improvements and encouraging engagement across the organisation. These principles and policies, together with consideration of their implications for the short, medium and longer-term interests of the company and its stakeholders, form an important part of the directors’ strategic decision-making process. Accordingly, the principal decisions taken during the year were made within this overall framework.
This report was approved by the board and signed on its behalf.
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TANGENT INTERNATIONAL GROUP LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The directors present their report and the financial statements for the year ended 31 March 2026.
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Qualifying third party indemnity provision is in place for the benefit of all Directors of the Company and Group companies. These provisions remain in force at the reporting date.
The principal activity of the Company during the year was that of a group holding company.
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TANGENT INTERNATIONAL GROUP LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
The profit for the year, after taxation, amounted to £727,715 (2025 - £581,521).
The results include all subsidiaries of the Tangent International Group Limited as disclosed in note 14, including Tangent International Limited's branches Tangent Innovation registered in the United Arab Emirates and Tangent South Africa registered in the Republic of South Africa.
The dividends paid in the year, including those proposed and approved at the year-end but not yet paid, are disclosed in note 12.
The directors who served during the year were:
In accordance with Section 414c (11) of the Companies Act 2006, the Directors have chosen to include the following items in the Strategic Report:
∙Business review
∙Principal risks and uncertainties
∙Future developments
A new subsidiary in Mexico has been incorporated in the name of Tangent International Latinoamérica, S.A. de C.V.
The auditor, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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TANGENT INTERNATIONAL GROUP LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
This report was approved by the board and signed on its behalf.
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TANGENT INTERNATIONAL GROUP LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL GROUP LTD
We have audited the financial statements of Tangent International Group Ltd (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2026, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated analysis of Net Debt, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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TANGENT INTERNATIONAL GROUP LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL GROUP LTD (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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TANGENT INTERNATIONAL GROUP LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL GROUP LTD (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Enquiry of staff to identify any instances of non-compliance with laws and regulations;
∙Performing audit work over the risk of management override of controls, including testing of journal entries
and other adjustments for appropriateness; evaluating the business rationale of significant transactions outside the normal course of business; and reviewing accounting estimates for bias;
∙Performing audit procedures in response to the presumed risk of fraud in revenue recognition, including testing the occurrence and cut off of revenue through a combination of controls testing and substantive testing.
∙Reviewing minutes of meetings of those charged with governance; and
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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TANGENT INTERNATIONAL GROUP LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TANGENT INTERNATIONAL GROUP LTD (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
MHA, Statutory Auditor
Colchester, United Kingdom
Date:
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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TANGENT INTERNATIONAL GROUP LTD
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2026
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TANGENT INTERNATIONAL GROUP LTD
REGISTERED NUMBER: 02110920
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 20 to 39 form part of these financial statements.
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TANGENT INTERNATIONAL GROUP LTD
REGISTERED NUMBER: 02110920
COMPANY BALANCE SHEET
AS AT 31 MARCH 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 20 to 39 form part of these financial statements.
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TANGENT INTERNATIONAL GROUP LTD
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
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TANGENT INTERNATIONAL GROUP LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2026
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TANGENT INTERNATIONAL GROUP LTD
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2026
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TANGENT INTERNATIONAL GROUP LTD
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 MARCH 2026
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Tangent International Group Ltd ("the company") is a private company limited by shares and is registered and incorporated in England and Wales. The registered office and principal place of business is 11 Woodbrook Crescent, Billericay, Essex, CM12 0EQ.
The Group consists of Tangent International Group Ltd and all of its subsidiaries. The Group's principal activities and nature of operations continued to be the provision of speciality staffing services to the telecommunications and information technology sectors as well as recruitment services to a range of other businesses. The Company's principal activity and nature of operations continued to be that of a group holding company.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases. The merger method of accounting is applied to group reconstructions as if the entities had always been combined. The total comprehensive income, assets and liabilities of the entities are amended, where necessary to align the accounting policies. The carrying values of the entities' assets and liabilities are not adjusted to fair value. Any difference between the nominal value of shares issued plus the fair value of consideration and the nominal value of shares received is taken to other reserves in equity.
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
The Directors have reviewed Forecasts covering at least twelve months from the date of approval of these Financial Statements, taking account of reduced trading activity since year-end, mitigating actions and available banking facilities. Having assessed the availability of the funding, the Directors consider that the Group has adequate resources to continue in operational existence throughout this period and that no material uncertainties exist which may cast significant doubt on its ability to continue as a going concern. Accordingly, the Financial Statements have been prepared on a going concern basis.
Functional and presentation currency
Transactions and balances
Turnover derived from contract services is recognised as the work is performed. Permanent placement fees are recognised as the contractual obligations are fulfilled.
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Balance Sheet when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Page 25
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgements and estimates The following judgements have had the most significant effect on amounts recognised in the financial statements. Useful lives of property, plant and equipment The charge in respect of periodic depreciation is derived after determining an estimate of an asset's expected useful life and the expected residual value at the end of its life. The useful lives of the Group's assets are determined by management at the time the asset is acquired and reviewed at least annually for appropriateness. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. Recognition of provisions The Group and/or Company have recognised provisions in their financial statements, which requires management to make judgements for:
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Analysis of turnover by country of destination:
Page 27
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 28
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 29
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 30
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
11.Taxation (continued)
There were no factors affecting the future tax charge.
Page 31
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 32
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 33
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Subsidiary undertakings (continued)
Page 34
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Obligations under finance leases are secured against the assets to which they relate.
Page 35
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 36
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
20.Deferred taxation (continued)
Page 37
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Share premium account
Merger Reserve
Profit and loss account
The Group operates a defined contribution pension scheme for all qualifying employees in the United Kingdom. The assets of the scheme are held separately from those of the group in an independently administered fund. The contributions payable by the Group charged to profit or loss amounted to £108,921 (2025: £105,708). Contributions totalling £30,665 (2025: £38,357) were payable to the fund at the year end and are included in creditors.
Page 38
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TANGENT INTERNATIONAL GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The Company is controlled by W J Smallbone by virtue of his shareholding.
During the year dividends totaling £537,675 (2025: £954,035) were payable to the Directors.
Page 39
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