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REGISTERED NUMBER: 13163525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ANGEL & ANCHOR LTD

ANGEL & ANCHOR LTD (REGISTERED NUMBER: 13163525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGEL & ANCHOR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr B J Connolly





REGISTERED OFFICE: Unit 6, Riverside Business Centre
Brighton Road
Shoreham-By-Sea
West Sussex
BN43 6RE





REGISTERED NUMBER: 13163525 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

ANGEL & ANCHOR LTD (REGISTERED NUMBER: 13163525)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,186 14,368

CURRENT ASSETS
Stocks 3,918 11,169
Debtors 5 7,796 3,148
Cash at bank 9,481 25,679
21,195 39,996
CREDITORS
Amounts falling due within one year 6 (5,074 ) (12,070 )
NET CURRENT ASSETS 16,121 27,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,307

42,294

PROVISIONS FOR LIABILITIES 7 (2,125 ) (2,730 )
NET ASSETS 25,182 39,564

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,181 39,563
SHAREHOLDERS' FUNDS 25,182 39,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ANGEL & ANCHOR LTD (REGISTERED NUMBER: 13163525)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





Mr B J Connolly - Director


ANGEL & ANCHOR LTD (REGISTERED NUMBER: 13163525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Angel & Anchor Ltd is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ANGEL & ANCHOR LTD (REGISTERED NUMBER: 13163525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 20,008
Additions 497
At 31 January 2024 20,505
DEPRECIATION
At 1 February 2023 5,640
Charge for year 3,679
At 31 January 2024 9,319
NET BOOK VALUE
At 31 January 2024 11,186
At 31 January 2023 14,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,156 2,160
Other debtors 4,640 988
7,796 3,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 629 606
Taxation and social security 4,216 7,513
Other creditors 229 3,951
5,074 12,070

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,125 2,730

Deferred
tax
£   
Balance at 1 February 2023 2,730
Capital allowances in advance
of depreciation (605 )
Balance at 31 January 2024 2,125