TANGENT DESIGN AND INVENTION LTD

TANGENT DESIGN AND INVENTION LTD

TANGENT DESIGN AND INVENTION LTD - Company Information

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TANGENT DESIGN AND INVENTION LTD

Company Registration Number:
09661544 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

TANGENT DESIGN AND INVENTION LTD

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

TANGENT DESIGN AND INVENTION LTD

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 4,286 7,801
Total fixed assets: 4,286 7,801
Current assets
Debtors:   5,324 37,157
Cash at bank and in hand: 93,056 69,075
Total current assets: 98,380 106,232
Creditors: amounts falling due within one year:   (8,829) (8,955)
Net current assets (liabilities): 89,551 97,277
Total assets less current liabilities: 93,837 105,078
Provision for liabilities: (815) (1,483)
Total net assets (liabilities): 93,022 103,595
Capital and reserves
Called up share capital: 200,000 200,000
Profit and loss account: (106,978) (96,405)
Shareholders funds: 93,022 103,595

The notes form part of these financial statements

TANGENT DESIGN AND INVENTION LTD

Balance sheet statements

For the year ending 30 June 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 August 2020
and signed on behalf of the board by:

Name: Dr H Yoshimoto
Status: Director

The notes form part of these financial statements

TANGENT DESIGN AND INVENTION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 policy

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 - 5 years straight line

TANGENT DESIGN AND INVENTION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 2 4

TANGENT DESIGN AND INVENTION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2020

3. Tangible Assets

Total
Cost £
At 01 July 2019 11,796
At 30 June 2020 11,796
Depreciation
At 01 July 2019 3,995
Charge for year 3,515
At 30 June 2020 7,510
Net book value
At 30 June 2020 4,286
At 30 June 2019 7,801

TANGENT DESIGN AND INVENTION LTD

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Loans to directors

Name of director receiving advance or credit: Dr H Yoshimoto
Description of the loan: Advances made
£
Balance at 01 July 2019 1,856
Advances or credits repaid: 1,856
Balance at 30 June 2020 0