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REGISTERED NUMBER: 03447485 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ANGEL HEALTHCARE LTD

ANGEL HEALTHCARE LTD (REGISTERED NUMBER: 03447485)

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 HEALTHCARE LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Miss J M Miles





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 03447485 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

ANGEL HEALTHCARE LTD (REGISTERED NUMBER: 03447485)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 4,221,751 4,206,425
4,221,752 4,206,426

CURRENT ASSETS
Debtors 6 2,287,858 1,037,412
Cash at bank and in hand 277,877 1,090,369
2,565,735 2,127,781
CREDITORS
Amounts falling due within one year 7 521,611 549,839
NET CURRENT ASSETS 2,044,124 1,577,942
TOTAL ASSETS LESS CURRENT LIABILITIES 6,265,876 5,784,368

CREDITORS
Amounts falling due after more than one
year

8

(181,004

)

(159,627

)

PROVISIONS FOR LIABILITIES (76,000 ) (76,000 )
NET ASSETS 6,008,872 5,548,741

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 2,218,459 2,218,459
Retained earnings 3,790,411 3,330,280
6,008,872 5,548,741

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 her 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 HEALTHCARE LTD (REGISTERED NUMBER: 03447485)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:





Miss J M Miles - Director


ANGEL HEALTHCARE LTD (REGISTERED NUMBER: 03447485)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Angel Healthcare 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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.

ANGEL HEALTHCARE LTD (REGISTERED NUMBER: 03447485)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 55 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 4,150,000 - 268,609 19,511 4,438,120
Additions - 13,953 22,961 - 36,914
At 31 January 2024 4,150,000 13,953 291,570 19,511 4,475,034
DEPRECIATION
At 1 February 2023 - - 212,184 19,511 231,695
Charge for year - 4,039 17,549 - 21,588
At 31 January 2024 - 4,039 229,733 19,511 253,283
NET BOOK VALUE
At 31 January 2024 4,150,000 9,914 61,837 - 4,221,751
At 31 January 2023 4,150,000 - 56,425 - 4,206,425

ANGEL HEALTHCARE LTD (REGISTERED NUMBER: 03447485)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 173,071 238,592
Other debtors 2,114,787 798,820
2,287,858 1,037,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 93,274 188,748
Trade creditors 115,947 79,773
Taxation and social security 184,457 134,122
Other creditors 127,933 147,196
521,611 549,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 181,004 159,627

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 2,218,459

10. DIRECTORS' TRANSACTIONS

During the year the company purchased £17,750 of goods and services from Miles & Co, a business under common ownership. The directors confirm that all transactions are on an arms length basis.