Tangent Resourcing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03490921 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

TANGENT RESOURCING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T R Gallagher

SECRETARY:

Mrs V Gallagher

REGISTERED OFFICE:

128 Broomfield Road

Chelmsford

Essex

CM1 1RN

REGISTERED NUMBER:

03490921 (England and Wales)

ACCOUNTANTS:

Alexandra Anthony Limited

47 Church Street

Great Baddow

Chelmsford

Essex

CM2 7JA

FIXED ASSETS

Tangible assets

2

58,174

58,686

CURRENT ASSETS

Debtors

19,542

16,952

Cash at bank and in hand

150,722

121,980

170,264

138,932

CREDITORS

Amounts falling due within one year

31,608

31,011

NET CURRENT ASSETS

138,656

107,921

TOTAL ASSETS LESS CURRENT LIABILITIES

196,830

166,607

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

196,829

166,606

SHAREHOLDERS' FUNDS

196,830

166,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 August 2016 and were signed by:

T R Gallagher - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

77,991

Disposals

(2,513

)

At 30 June 2016

75,478

DEPRECIATION

At 1 July 2015

19,305

Charge for year

512

Eliminated on disposal

(2,513

)

At 30 June 2016

17,304

NET BOOK VALUE

At 30 June 2016

58,174

At 30 June 2015

58,686

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

100

Ordinary

1p

1

1