Angels & Demons Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 12658938 (England and Wales)
Angels & Demons Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Angels & Demons Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,073
1,598
Current assets
Debtors
4
66,830
14,545
Cash at bank and in hand
104,214
123,297
171,044
137,842
Creditors: amounts falling due within one year
5
(50,135)
(40,717)
Net current assets
120,909
97,125
Net assets
123,982
98,723
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
123,980
98,721
Total equity
123,982
98,723

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 30 April 2024
J Jesse
Director
Company Registration No. 12658938
Angels & Demons Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 2
1
Accounting policies
Company information

Angels & Demons Limited is a private company limited by shares incorporated in England and Wales. The registered office is Darwin House, 6 The Firs, Mytton Oak Road, Shrewsbury, SY5 8QP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The Company had profit after tax of £1true13,259 (2023: £125,566) and at the balance sheet date had net assets of £123,982 (2023: £98,723). At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for services provided.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
3 years straight line
Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Angels & Demons Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
Page 3
1.6
Financial instruments

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Angels & Demons Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
2,673
Additions
3,236
At 31 March 2024
5,909
Depreciation and impairment
At 1 April 2023
1,075
Depreciation charged in the year
1,761
At 31 March 2024
2,836
Carrying amount
At 31 March 2024
3,073
At 31 March 2023
1,598
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
21,041
14,545
Other debtors
45,000
-
Prepayments and accrued income
789
-
0
66,830
14,545
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
35,227
29,422
Other taxation and social security
6,311
8,198
Other creditors
4,897
297
Accruals and deferred income
3,700
2,800
50,135
40,717
Angels & Demons Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 5
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
7
Related party transactions

During the year the company paid dividends of £88,000 to Joanne Jesse, sole director and shareholder of the company (2023: £88,000).


As at the year end, the company owed £4,897 (2023: £297) to it's director.

8
Control

The company is controlled by the director, J Jesse, who is the sole shareholder of the company.

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