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REGISTERED NUMBER: SC248845 (Scotland)















ANGELA REILLY LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






ANGELA REILLY LTD. (REGISTERED NUMBER: SC248845)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANGELA REILLY LTD.

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTOR: Ms A Alexander





SECRETARY: G Reilly





REGISTERED OFFICE: 13 Turnberry Road
Glasgow
G11 5AG





REGISTERED NUMBER: SC248845 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

ANGELA REILLY LTD. (REGISTERED NUMBER: SC248845)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439 659

CURRENT ASSETS
Debtors 5 4,039 4,039
Cash at bank 8,531 7,585
12,570 11,624
CREDITORS
Amounts falling due within one year 6 123,248 117,185
NET CURRENT LIABILITIES (110,678 ) (105,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(110,239

)

(104,902

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (110,339 ) (105,002 )
SHAREHOLDERS' FUNDS (110,239 ) (104,902 )

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 her 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 July 2024 and were signed by:





Ms A Alexander - Director


ANGELA REILLY LTD. (REGISTERED NUMBER: SC248845)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023


1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents sales of works of art during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery, etc.- 25% on cost

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

Current 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.

Going concern
The director has prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date as the director is the company's main creditor and she will not seek repayment of her loan until the company has sufficient funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ANGELA REILLY LTD. (REGISTERED NUMBER: SC248845)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 1,729
DEPRECIATION
At 1 November 2022 1,070
Charge for year 220
At 31 October 2023 1,290
NET BOOK VALUE
At 31 October 2023 439
At 31 October 2022 659

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 4,039 4,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 1,373 978
Director's loan account 120,385 115,432
Other creditors 1,490 775
123,248 117,185

7. RELATED PARTY DISCLOSURES

At 31 October 2023 the company's director had provided the company with an interest free loan of £120,385 (2022, £115,432). There are no fixed repayment terms for this loan.