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Registered number: 10167612
Angel Access Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
LK & Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10167612
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,151 10,113
5,151 10,113
CURRENT ASSETS
Debtors 5 328 -
Cash at bank and in hand 564 127
892 127
Creditors: Amounts Falling Due Within One Year 6 (44,415 ) (41,626 )
NET CURRENT ASSETS (LIABILITIES) (43,523 ) (41,499 )
TOTAL ASSETS LESS CURRENT LIABILITIES (38,372 ) (31,386 )
Creditors: Amounts Falling Due After More Than One Year 7 (6,674 ) (10,520 )
NET LIABILITIES (45,046 ) (41,906 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (45,047 ) (41,907 )
SHAREHOLDERS' FUNDS (45,046) (41,906)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
M J Nagle
Director
19/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Angel Access Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10167612 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has considered the company's balance sheet, trading activity and estimated cash flows for a period of at least 12 months from the date these financial statements were signed and have concluded that the company will continue to be able to meet its financial obligations as these fall due despite the company's net liability position. 
Based on these assessments, and the current resources available, the director has concluded that he can continue to adopt the going concern basis in preparing these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 June 2023 21,815
As at 31 May 2024 21,815
Depreciation
As at 1 June 2023 11,702
Provided during the period 4,962
As at 31 May 2024 16,664
...CONTINUED
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Page 4
Net Book Value
As at 31 May 2024 5,151
As at 1 June 2023 10,113
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 328 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,091 1,843
Trade creditors 1,140 1,138
Bank loans and overdrafts 3,013 2,970
Other creditors 38,171 35,675
44,415 41,626
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 196 2,287
Bank loans 6,478 8,233
6,674 10,520
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,091 1,843
Later than one year and not later than five years 196 2,287
2,287 4,130
2,287 4,130
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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