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Registered number: 08137748
Angelleesa Designs Limited
Financial Statements
For The Year Ended 31 July 2023
Gower Accountancy
Chartered Certified Accountants
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Ms L J Tosh
Mr C J Tosh
Company Number 08137748
Registered Office 39 Whitteney Drive North
Leicester
LE2 9AR
Accountants Gower Accountancy
Chartered Certified Accountants
250 Humberstone Road
Leicester
LE5 0EG
Page 1
Page 2
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Angelleesa Designs Limited for the year ended 31 July 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Angelleesa Designs Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Angelleesa Designs Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Angelleesa Designs Limited and state those matters that we have agreed to state to the directors of Angelleesa Designs Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Angelleesa Designs Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Angelleesa Designs Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Angelleesa Designs Limited . You consider that Angelleesa Designs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Angelleesa Designs Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
17/04/2024
Gower Accountancy
Chartered Certified Accountants
250 Humberstone Road
Leicester
LE5 0EG
Page 2
Page 3
Balance Sheet
Registered number: 08137748
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,259 10,946
8,259 10,946
CURRENT ASSETS
Stocks 5 34,000 26,000
Debtors 6 16 1,493
Cash at bank and in hand 5,007 9,082
39,023 36,575
Creditors: Amounts Falling Due Within One Year 7 (40,956 ) (38,522 )
NET CURRENT ASSETS (LIABILITIES) (1,933 ) (1,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,326 8,999
Creditors: Amounts Falling Due After More Than One Year 8 (20,500 ) (26,500 )
NET LIABILITIES (14,174 ) (17,501 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (14,184 ) (17,511 )
SHAREHOLDERS' FUNDS (14,174) (17,501)
Page 3
Page 4
For the year ending 31 July 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms L J Tosh
Director
17/04/2024
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Angelleesa Designs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08137748 . The registered office is 39 Whitteney Drive North, Leicester, LE2 9AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Fixtures & Fittings 10% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 5
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 August 2022 20,811
As at 31 July 2023 20,811
Depreciation
As at 1 August 2022 9,865
Provided during the period 2,687
As at 31 July 2023 12,552
Net Book Value
As at 31 July 2023 8,259
As at 1 August 2022 10,946
5. Stocks
2023 2022
£ £
Finished goods 34,000 26,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16 1,348
Other debtors - 145
16 1,493
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,007 1,626
VAT 2,234 1,724
Net wages - 2,051
Other creditors - 1
Accruals and deferred income 300 300
Directors' loan accounts 36,415 32,820
40,956 38,522
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,500 26,500
Page 6
Page 7
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 7