2022-01-012022-12-312022-12-31false09713266ANGEL FOODS LTD2023-09-30iso4217:GBPxbrli:pure097132662022-01-01097132662022-12-31097132662022-01-012022-12-31097132662021-01-01097132662021-12-31097132662021-01-012021-12-3109713266bus:SmallEntities2022-01-012022-12-3109713266bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3109713266bus:AbridgedAccounts2022-01-012022-12-3109713266bus:PrivateLimitedCompanyLtd2022-01-012022-12-3109713266core:WithinOneYear2022-12-3109713266core:AfterOneYear2022-12-3109713266core:WithinOneYear2021-12-3109713266core:AfterOneYear2021-12-3109713266core:ShareCapital2022-12-3109713266core:SharePremium2022-12-3109713266core:RevaluationReserve2022-12-3109713266core:OtherReservesSubtotal2022-12-3109713266core:RetainedEarningsAccumulatedLosses2022-12-3109713266core:ShareCapital2021-12-3109713266core:SharePremium2021-12-3109713266core:RevaluationReserve2021-12-3109713266core:OtherReservesSubtotal2021-12-3109713266core:RetainedEarningsAccumulatedLosses2021-12-3109713266core:LandBuildings2022-12-3109713266core:PlantMachinery2022-12-3109713266core:Vehicles2022-12-3109713266core:FurnitureFittings2022-12-3109713266core:OfficeEquipment2022-12-3109713266core:NetGoodwill2022-12-3109713266core:IntangibleAssetsOtherThanGoodwill2022-12-3109713266core:ListedExchangeTraded2022-12-3109713266core:UnlistedNon-exchangeTraded2022-12-3109713266core:LandBuildings2021-12-3109713266core:PlantMachinery2021-12-3109713266core:Vehicles2021-12-3109713266core:FurnitureFittings2021-12-3109713266core:OfficeEquipment2021-12-3109713266core:NetGoodwill2021-12-3109713266core:IntangibleAssetsOtherThanGoodwill2021-12-3109713266core:ListedExchangeTraded2021-12-3109713266core:UnlistedNon-exchangeTraded2021-12-3109713266core:LandBuildings2022-01-012022-12-3109713266core:PlantMachinery2022-01-012022-12-3109713266core:Vehicles2022-01-012022-12-3109713266core:FurnitureFittings2022-01-012022-12-3109713266core:OfficeEquipment2022-01-012022-12-3109713266core:NetGoodwill2022-01-012022-12-3109713266core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3109713266core:ListedExchangeTraded2022-01-012022-12-3109713266core:UnlistedNon-exchangeTraded2022-01-012022-12-3109713266core:MoreThanFiveYears2022-01-012022-12-3109713266core:Non-currentFinancialInstruments2022-12-3109713266core:Non-currentFinancialInstruments2021-12-3109713266dpl:CostSales2022-01-012022-12-3109713266dpl:DistributionCosts2022-01-012022-12-3109713266dpl:AdministrativeExpenses2022-01-012022-12-3109713266core:LandBuildings2022-01-012022-12-3109713266core:PlantMachinery2022-01-012022-12-3109713266core:Vehicles2022-01-012022-12-3109713266core:FurnitureFittings2022-01-012022-12-3109713266core:OfficeEquipment2022-01-012022-12-3109713266core:NetGoodwill2022-01-012022-12-3109713266core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3109713266dpl:GroupUndertakings2022-01-012022-12-3109713266dpl:ParticipatingInterests2022-01-012022-12-3109713266dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3109713266core:ListedExchangeTraded2022-01-012022-12-3109713266dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3109713266core:UnlistedNon-exchangeTraded2022-01-012022-12-3109713266dpl:CostSales2021-01-012021-12-3109713266dpl:DistributionCosts2021-01-012021-12-3109713266dpl:AdministrativeExpenses2021-01-012021-12-3109713266core:LandBuildings2021-01-012021-12-3109713266core:PlantMachinery2021-01-012021-12-3109713266core:Vehicles2021-01-012021-12-3109713266core:FurnitureFittings2021-01-012021-12-3109713266core:OfficeEquipment2021-01-012021-12-3109713266core:NetGoodwill2021-01-012021-12-3109713266core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3109713266dpl:GroupUndertakings2021-01-012021-12-3109713266dpl:ParticipatingInterests2021-01-012021-12-3109713266dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3109713266core:ListedExchangeTraded2021-01-012021-12-3109713266dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3109713266core:UnlistedNon-exchangeTraded2021-01-012021-12-3109713266core:NetGoodwill2022-12-3109713266core:IntangibleAssetsOtherThanGoodwill2022-12-3109713266core:LandBuildings2022-12-3109713266core:PlantMachinery2022-12-3109713266core:Vehicles2022-12-3109713266core:FurnitureFittings2022-12-3109713266core:OfficeEquipment2022-12-3109713266core:AfterOneYear2022-12-3109713266core:WithinOneYear2022-12-3109713266core:ListedExchangeTraded2022-12-3109713266core:UnlistedNon-exchangeTraded2022-12-3109713266core:ShareCapital2022-12-3109713266core:SharePremium2022-12-3109713266core:RevaluationReserve2022-12-3109713266core:OtherReservesSubtotal2022-12-3109713266core:RetainedEarningsAccumulatedLosses2022-12-3109713266core:NetGoodwill2021-12-3109713266core:IntangibleAssetsOtherThanGoodwill2021-12-3109713266core:LandBuildings2021-12-3109713266core:PlantMachinery2021-12-3109713266core:Vehicles2021-12-3109713266core:FurnitureFittings2021-12-3109713266core:OfficeEquipment2021-12-3109713266core:AfterOneYear2021-12-3109713266core:WithinOneYear2021-12-3109713266core:ListedExch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ANGEL FOODS LTD

Registered Number
09713266
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

ANGEL FOODS LTD
Company Information
for the year from 1 January 2022 to 31 December 2022

Directors

BOLLINI PURUSHOTHAMAN, Hemanth
ZARINABAD, Amir Housang

Registered Address

13 Upper Street
London
N1 0PQ

Registered Number

09713266 (England and Wales)
ANGEL FOODS LTD
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Intangible assets6180,104214,800
Tangible assets71,904,8471,390,412
2,084,9511,605,212
Current assets
Stocks154,638154,257
Debtors82,507,6292,237,302
Cash at bank and on hand27,714472,696
2,689,9812,864,255
Creditors amounts falling due within one year9(1,255,454)(870,612)
Net current assets (liabilities)1,434,5271,993,643
Total assets less current liabilities3,519,4783,598,855
Creditors amounts falling due after one year10(2,923,003)(2,263,000)
Net assets596,4751,335,855
Capital and reserves
Called up share capital400400
Profit and loss account596,0751,335,455
Shareholders' funds596,4751,335,855
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2023, and are signed on its behalf by:
BOLLINI PURUSHOTHAMAN, Hemanth
Director
Registered Company No. 09713266
ANGEL FOODS LTD
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year continued to be that of German Donner Kebab Franchise.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Intangible assets policy
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20222021
Average number of employees during the year176273
6.Intangible assets
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

Total

£
Cost or valuation
At 01 January 22391,597
Additions19,004
At 31 December 22410,601
Amortisation and impairment
At 01 January 22176,797
Charge for year53,700
At 31 December 22230,497
Net book value
At 31 December 22180,104
At 31 December 21214,800
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 January 222,176,709
Additions836,444
At 31 December 223,013,153
Depreciation and impairment
At 01 January 22786,297
Charge for year322,009
At 31 December 221,108,306
Net book value
At 31 December 221,904,847
At 31 December 211,390,412
8.Debtors

2022

2021

££
Trade debtors / trade receivables1,494-
Other debtors2,388,6302,194,799
Prepayments and accrued income117,50542,503
Total2,507,6292,237,302
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2022

2021

££
Trade creditors / trade payables384,374308,087
Taxation and social security311,033142,004
Other creditors425,414420,521
Accrued liabilities and deferred income134,633-
Total1,255,454870,612
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts2,923,0032,263,000
Total2,923,0032,263,000
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.