2023-01-012023-12-312023-12-31false09713266ANGEL FOODS LTD2024-07-27iso4217:GBPxbrli:pure097132662023-01-01097132662023-12-31097132662023-01-012023-12-31097132662022-01-01097132662022-12-31097132662022-01-012022-12-3109713266bus:SmallEntities2023-01-012023-12-3109713266bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3109713266bus:FullAccounts2023-01-012023-12-3109713266bus:PrivateLimitedCompanyLtd2023-01-012023-12-3109713266core:WithinOneYear2023-12-3109713266core:AfterOneYear2023-12-3109713266core:WithinOneYear2022-12-3109713266core:AfterOneYear2022-12-3109713266core:ShareCapital2023-12-3109713266core:SharePremium2023-12-3109713266core:RevaluationReserve2023-12-3109713266core:OtherReservesSubtotal2023-12-3109713266core:RetainedEarningsAccumulatedLosses2023-12-3109713266core:ShareCapital2022-12-3109713266core:SharePremium2022-12-3109713266core:RevaluationReserve2022-12-3109713266core:OtherReservesSubtotal2022-12-3109713266core:RetainedEarningsAccumulatedLosses2022-12-3109713266core:LandBuildings2023-12-3109713266core:PlantMachinery2023-12-3109713266core:Vehicles2023-12-3109713266core:FurnitureFittings2023-12-3109713266core:OfficeEquipment2023-12-3109713266core:NetGoodwill2023-12-3109713266core:IntangibleAssetsOtherThanGoodwill2023-12-3109713266core:ListedExchangeTraded2023-12-3109713266core:UnlistedNon-exchangeTraded2023-12-3109713266core: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:LandBuildings2023-01-012023-12-3109713266core:PlantMachinery2023-01-012023-12-3109713266core:Vehicles2023-01-012023-12-3109713266core:FurnitureFittings2023-01-012023-12-3109713266core:OfficeEquipment2023-01-012023-12-3109713266core:NetGoodwill2023-01-012023-12-3109713266core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109713266core:ListedExchangeTraded2023-01-012023-12-3109713266core:UnlistedNon-exchangeTraded2023-01-012023-12-3109713266core:MoreThanFiveYears2023-01-012023-12-3109713266core:Non-currentFinancialInstruments2023-12-3109713266core:Non-currentFinancialInstruments2022-12-3109713266dpl:CostSales2023-01-012023-12-3109713266dpl:DistributionCosts2023-01-012023-12-3109713266core:LandBuildings2023-01-012023-12-3109713266core:PlantMachinery2023-01-012023-12-3109713266core:Vehicles2023-01-012023-12-3109713266core:FurnitureFittings2023-01-012023-12-3109713266core:OfficeEquipment2023-01-012023-12-3109713266dpl:AdministrativeExpenses2023-01-012023-12-3109713266core:NetGoodwill2023-01-012023-12-3109713266core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109713266dpl:GroupUndertakings2023-01-012023-12-3109713266dpl:ParticipatingInterests2023-01-012023-12-3109713266dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3109713266core:ListedExchangeTraded2023-01-012023-12-3109713266dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3109713266core:UnlistedNon-exchangeTraded2023-01-012023-12-3109713266dpl:CostSales2022-01-012022-12-3109713266dpl:DistributionCosts2022-01-012022-12-3109713266core:LandBuildings2022-01-012022-12-3109713266core:PlantMachinery2022-01-012022-12-3109713266core:Vehicles2022-01-012022-12-3109713266core:FurnitureFittings2022-01-012022-12-3109713266core:OfficeEquipment2022-01-012022-12-3109713266dpl:AdministrativeExpenses2022-01-012022-12-3109713266core: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-exchangeTraded2022-01-012022-12-3109713266core:NetGoodwill2023-12-3109713266core:IntangibleAssetsOtherThanGoodwill2023-12-3109713266core:LandBuildings2023-12-3109713266core:PlantMachinery2023-12-3109713266core:Vehicles2023-12-3109713266core:FurnitureFittings2023-12-3109713266core:OfficeEquipment2023-12-3109713266core:AfterOneYear2023-12-3109713266core:WithinOneYear2023-12-3109713266core:ListedExchangeTraded2023-12-3109713266core:UnlistedNon-exchangeTraded2023-12-3109713266core:ShareCapital2023-12-3109713266core:SharePremium2023-12-3109713266core:RevaluationReserve2023-12-3109713266core:OtherReservesSubtotal2023-12-3109713266core:RetainedEarningsAccumulatedLosses2023-12-3109713266core: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:ListedExchange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ANGEL FOODS LTD

Registered Number
09713266
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

ANGEL FOODS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

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 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3152,731180,104
Tangible assets41,960,3651,904,847
2,113,0962,084,951
Current assets
Stocks152,038154,638
Debtors52,190,1722,507,629
Cash at bank and on hand46,23027,714
2,388,4402,689,981
Creditors amounts falling due within one year6(1,396,446)(1,255,454)
Net current assets (liabilities)991,9941,434,527
Total assets less current liabilities3,105,0903,519,478
Creditors amounts falling due after one year7(2,517,793)(2,923,003)
Net assets587,297596,475
Capital and reserves
Called up share capital400400
Profit and loss account586,897596,075
Shareholders' funds587,297596,475
The financial statements were approved and authorised for issue by the Board of Directors on 27 July 2024, 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 2023

1.Accounting policies
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.
Statement of compliance
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.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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.
Intangible assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
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.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year183176
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23410,601410,601
At 31 December 23410,601410,601
Amortisation and impairment
At 01 January 23230,497230,497
Charge for year27,37327,373
At 31 December 23257,870257,870
Net book value
At 31 December 23152,731152,731
At 31 December 22180,104180,104
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 January 23846,848102,86877,94819,2541,966,2343,013,152
Additions172,13020,343-109,27083,842385,585
At 31 December 231,018,978123,21177,948128,5242,050,0763,398,737
Depreciation and impairment
At 01 January 23214,1524,07324,666461864,9531,108,305
Charge for year101,89817,87013,32119,209177,769330,067
At 31 December 23316,05021,94337,98719,6701,042,7221,438,372
Net book value
At 31 December 23702,928101,26839,961108,8541,007,3541,960,365
At 31 December 22632,69698,79553,28218,7931,101,2811,904,847
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables6,9011,494
Other debtors2,064,8702,388,630
Prepayments and accrued income118,401117,505
Total2,190,1722,507,629
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables600,972384,374
Bank borrowings and overdrafts38,99410,599
Taxation and social security340,665311,033
Other creditors415,815414,815
Accrued liabilities and deferred income-134,633
Total1,396,4461,255,454
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.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts2,517,7932,923,003
Total2,517,7932,923,003
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.
8.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.