Gabriel's Angels Limited 08062865 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is Provider of care, without accomodation for the sick and elderley Digita Accounts Production Advanced 6.30.9574.0 true true 08062865 2022-12-01 2023-11-30 08062865 2023-11-30 08062865 core:RetainedEarningsAccumulatedLosses 2023-11-30 08062865 core:ShareCapital 2023-11-30 08062865 core:CurrentFinancialInstruments 2023-11-30 08062865 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 08062865 core:Non-currentFinancialInstruments 2023-11-30 08062865 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 08062865 core:FurnitureFittings 2023-11-30 08062865 core:MotorVehicles 2023-11-30 08062865 bus:SmallEntities 2022-12-01 2023-11-30 08062865 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08062865 bus:FilletedAccounts 2022-12-01 2023-11-30 08062865 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08062865 bus:RegisteredOffice 2022-12-01 2023-11-30 08062865 bus:Director1 2022-12-01 2023-11-30 08062865 bus:Director2 2022-12-01 2023-11-30 08062865 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08062865 core:FurnitureFittings 2022-12-01 2023-11-30 08062865 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 08062865 core:MotorCars 2022-12-01 2023-11-30 08062865 core:MotorVehicles 2022-12-01 2023-11-30 08062865 countries:England 2022-12-01 2023-11-30 08062865 2022-11-30 08062865 core:FurnitureFittings 2022-11-30 08062865 core:MotorVehicles 2022-11-30 08062865 2021-12-01 2022-11-30 08062865 2022-11-30 08062865 core:RetainedEarningsAccumulatedLosses 2022-11-30 08062865 core:ShareCapital 2022-11-30 08062865 core:CurrentFinancialInstruments 2022-11-30 08062865 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 08062865 core:Non-currentFinancialInstruments 2022-11-30 08062865 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 08062865 core:FurnitureFittings 2022-11-30 08062865 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 08062865

Gabriel's Angels Limited

trading as Gabriel's Angels

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Company Information

Directors

Mr Jason Payne

Mrs Jacqueline Payne

Registered office

Ground Floor
1 Millars Brook
Molly Millarts Lane
Wokingham
Berkshire
RG41 2AD

Accountants

The Financial Management Centre
The Meads Business Centre
19 Kingsmead
Farnborough
Hants
GU14 7SR

 

Gabriel's Angels Limited

trading as Gabriel's Angels

(Registration number: 08062865)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

67,982

38,599

Current assets

 

Debtors

5

1,337,144

1,006,005

Cash at bank and in hand

 

106,265

218,997

 

1,443,409

1,225,002

Creditors: Amounts falling due within one year

6

(604,532)

(349,612)

Net current assets

 

838,877

875,390

Total assets less current liabilities

 

906,859

913,989

Creditors: Amounts falling due after more than one year

6

(742,743)

(822,746)

Net assets

 

164,116

91,243

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

164,115

91,242

Shareholders' funds

 

164,116

91,243

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 August 2024 and signed on its behalf by:
 

 

Gabriel's Angels Limited

trading as Gabriel's Angels

(Registration number: 08062865)
Balance Sheet as at 30 November 2023

.........................................
Mr Jason Payne
Director

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ground Floor
1 Millars Brook
Molly Millarts Lane
Wokingham
Berkshire
RG41 2AD

These financial statements were authorised for issue by the Board on 23 August 2024.

2

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.

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 sale of goods and 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.

Tax

The tax expense for the period comprises current 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.

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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.

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 Fittings and Equipment

25% on cost

Motor Cars

20% on cost

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 merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 80 (2022 - 80).

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

13,105

43,249

56,354

Additions

-

47,541

47,541

At 30 November 2023

13,105

90,790

103,895

Depreciation

At 1 December 2022

13,105

4,650

17,755

Charge for the year

-

18,158

18,158

At 30 November 2023

13,105

22,808

35,913

Carrying amount

At 30 November 2023

-

67,982

67,982

At 30 November 2022

-

38,599

38,599

5

Debtors

Current

2023
£

2022
£

Trade debtors

242,945

181,581

Prepayments

223

224

Other debtors

1,093,976

824,200

 

1,337,144

1,006,005

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,764

8,435

Taxation and social security

26,025

11,828

Accruals and deferred income

182,450

42,450

Other creditors

393,293

286,899

604,532

349,612

Creditors: amounts falling due after more than one year

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

742,743

822,746

7

Share capital

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Other borrowings

742,743

822,746

9

Dividends

2023

2022

£

£

Interim dividend of £2,000.00 (2022 - £4,000.00) per ordinary share

2,000

4,000

 

 

10

Related party transactions

 

Gabriel's Angels Limited

trading as Gabriel's Angels

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,367

3,000

Contributions paid to money purchase schemes

108,331

99,996

120,698

102,996