Registration number:
Robert Angell Design International Limited
trading as
for the Year Ended 30 November 2023
Robert Angell Design International Limited
trading as Robert Angell Design International
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Robert Angell Design International Limited
trading as Robert Angell Design International
Company Information
Director |
Mr R E W Angell |
Registered office |
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Accountants |
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Robert Angell Design International Limited
trading as Robert Angell Design International
(Registration number: 08568941)
Balance Sheet as at 30 November 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
1,437,784 |
1,158,842 |
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Shareholders' funds |
1,437,884 |
1,158,942 |
For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Robert Angell Design International Limited
trading as Robert Angell Design International
(Registration number: 08568941)
Balance Sheet as at 30 November 2023 (continued)
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Robert Angell Design International Limited
trading as Robert Angell Design International
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Government grants
The grants received have been recognised under the accruals model.
Foreign currency transactions and balances
Robert Angell Design International Limited
trading as Robert Angell Design International
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture and equipment |
Reducing balance 20% |
Motor vehicles |
Reducing balance 25% |
Computer equipment |
Reducing balance 25% |
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Robert Angell Design International Limited
trading as Robert Angell Design International
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
2 |
Accounting policies (continued) |
Work in progress
Work in progress is recognised at invoice value on work undertaken during the year, but invoiced after the year end.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Robert Angell Design International Limited
trading as Robert Angell Design International
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
Tangible assets |
Furniture, fittings and equipment |
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Cost or valuation |
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At 1 December 2022 |
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Additions |
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At 30 November 2023 |
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Depreciation |
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At 1 December 2022 |
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Charge for the year |
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At 30 November 2023 |
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Carrying amount |
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At 30 November 2023 |
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At 30 November 2022 |
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Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 December 2022 |
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Additions |
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At 30 November 2023 |
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Carrying amount |
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At 30 November 2023 |
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At 30 November 2022 |
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Robert Angell Design International Limited
trading as Robert Angell Design International
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
5 |
Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Subsidiary Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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21 Market Place, Blandford Forum, Dorset, DT11 7AF England |
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In addition Mr R E W Angell, sole director and shareholder of Robert Angell Design International Limited owns 12.5% (2022: 25%) of the Ordinary Share Capital of Robert Angell Design Studio Limited.
Subsidiary undertakings |
Robert Angell Design Studio Limited The principal activity of Robert Angell Design Studio Limited is |
Work in progress |
2023 |
2022 |
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Work in progress |
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Debtors |
Current |
Note |
2023 |
2022 |
Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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Other debtors |
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Robert Angell Design International Limited
trading as Robert Angell Design International
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Amounts due to related parties |
53,316 |
383,785 |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Dividends |
2023 |
2022 |
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£ |
£ |
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Interim dividend of £ |
200,000 |
250,000 |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Robert Angell Design International Limited
trading as Robert Angell Design International
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)
Related party transactions |
Interest is charged at the official rate on the director's overdrawn balance as and when it arises during the year and is shown within the profit and loss account.
Transactions with the director |
2023 |
At 1 December 2022 |
Advances to director |
Repayments by director |
At 30 November 2023 |
The following subsisted during the year |
( |
( |
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( |
2022 |
At 1 December 2021 |
Advances to director |
Repayments by director |
At 30 November 2022 |
The following subsisted during the year |
- |
( |
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( |
Summary of transactions with subsidiary
(subsidiary from 13 July 2020, formerly a company under common control)
The transactions that subsisted during the year relate to expenses incurred and paid on behalf of the parent company under normal business conditions.
Transactions with entities under common control
(a company under common control)
The transactions that subsisted during the year relate to expenses the company paid on behalf of Robert Angell Residential Limited under normal business conditions.