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REGISTERED NUMBER: 08598246 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Angegyn Ltd

Angegyn Ltd (Registered number: 08598246)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Angegyn Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr A F S Muller





REGISTERED OFFICE: The Pasty Barn
18 Tresprison Business Park
Helston
Cornwall
TR13 0QD





REGISTERED NUMBER: 08598246 (England and Wales)





ACCOUNTANTS: Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Angegyn Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Angegyn Ltd for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Angegyn Ltd in accordance with the terms of our engagement letter dated 7 July 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Angegyn Ltd and state those matters that we have agreed to state to the director of Angegyn Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Angegyn Ltd and its director for our work or for this report.

It is your duty to ensure that Angegyn Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Angegyn Ltd. You consider that Angegyn Ltd 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 financial statements of Angegyn Ltd. 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 statutory financial statements.






Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN


30 July 2024

Angegyn Ltd (Registered number: 08598246)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 222,706 244,178

CURRENT ASSETS
Stocks 22,082 14,614
Debtors 6 48,934 69,883
Cash at bank and in hand 55,439 53,751
126,455 138,248
CREDITORS
Amounts falling due within one year 7 159,948 186,715
NET CURRENT LIABILITIES (33,493 ) (48,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,213

195,711

CREDITORS
Amounts falling due after more than one
year

8

(124,047

)

(153,966

)

PROVISIONS FOR LIABILITIES (26,307 ) (28,417 )
NET ASSETS 38,859 13,328

CAPITAL AND RESERVES
Called up share capital 10 600 600
Retained earnings 38,259 12,728
SHAREHOLDERS' FUNDS 38,859 13,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Angegyn Ltd (Registered number: 08598246)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr A F S Muller - Director


Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Angegyn Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 35 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 59,513 70,665 161,648
Additions (1,146 ) - 17,318
Disposals - - (1,466 )
At 31 October 2023 58,367 70,665 177,500
DEPRECIATION
At 1 November 2022 54,385 40,460 35,372
Charge for year 978 7,045 17,559
Eliminated on disposal - - (716 )
At 31 October 2023 55,363 47,505 52,215
NET BOOK VALUE
At 31 October 2023 3,004 23,160 125,285
At 31 October 2022 5,128 30,205 126,276

Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 125,325 9,577 426,728
Additions - 3,635 19,807
Disposals - - (1,466 )
At 31 October 2023 125,325 13,212 445,069
DEPRECIATION
At 1 November 2022 44,721 7,612 182,550
Charge for year 13,104 1,843 40,529
Eliminated on disposal - - (716 )
At 31 October 2023 57,825 9,455 222,363
NET BOOK VALUE
At 31 October 2023 67,500 3,757 222,706
At 31 October 2022 80,604 1,965 244,178

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 58,926
DEPRECIATION
At 1 November 2022 30,101
Charge for year 7,207
At 31 October 2023 37,308
NET BOOK VALUE
At 31 October 2023 21,618
At 31 October 2022 28,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 11,760 17,167
Other debtors 10,644 8,425
Directors' current accounts 15,203 23,074
Tax - 10,033
VAT 3,502 4,356
Prepayments 7,825 6,828
48,934 69,883

Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 55,512 86,451
Other loans 16,208 16,208
Hire purchase contracts 9,681 9,681
Trade creditors 30,936 42,147
Tax 3,320 -
Social security and other taxes - 2,888
Other creditors 256 -
Credit card 9,724 9,539
Pension 508 425
Accrued expenses 33,803 17,452
Deferred government grants - 1,924
159,948 186,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years 112,198 134,190
Hire purchase contracts 11,849 19,776
124,047 153,966

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 21,530 29,457

The hire purchase liabilities are secured on the assets purchased under the hire purchase contacts.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
600 Ordinary 1 600 600

Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr A F S Muller
Balance outstanding at start of year 23,074 54,092
Amounts advanced 39,567 53,420
Amounts repaid (47,438 ) (84,438 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,203 23,074

During the year the company paid for personal items and transferred money to the director. This has been partly repaid by the director's and his wife's dividends, paying for business items personally and cash introduced into the business. Interest is charged on the loan at the official rate. No amounts have been written off or waived during the year. The loan is repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 (2022 - £39,080) were paid to the director .

Dividends to director include the dividends paid to his wife.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A F S Muller.