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REGISTERED NUMBER: 04240424 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE ANGEL INN (BLYTH) LIMITED

THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ANGEL INN (BLYTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: A J Jepson





REGISTERED OFFICE: Bawtry Road
Blyth
Worksop
Nottinghamshire
S81 8HG





REGISTERED NUMBER: 04240424 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 205,190 105,405
205,190 105,405

CURRENT ASSETS
Stocks 11,500 10,000
Debtors 6 148,474 92,079
Cash at bank and in hand 90,635 175,190
250,609 277,269
CREDITORS
Amounts falling due within one year 7 174,318 153,970
NET CURRENT ASSETS 76,291 123,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,481

228,704

CREDITORS
Amounts falling due after more than one
year

8

(63,849

)

(32,408

)

PROVISIONS FOR LIABILITIES (42,439 ) (22,000 )
NET ASSETS 175,193 174,296

THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)

BALANCE SHEET - continued
31 JULY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 175,063 174,166
SHAREHOLDERS' FUNDS 175,193 174,296

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 8 January 2025 and were signed by:





A J Jepson - Director


THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)

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

1. STATUTORY INFORMATION

The Angel Inn (Blyth) Limited 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 2001, has been amortised evenly over its estimated useful life of ten years and has now been fully amortised.

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 - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.


THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 25,000
AMORTISATION
At 1 August 2023
and 31 July 2024 25,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 15,000 77,428 106,077
Additions 60,926 - 13,435
Reclassification/transfer - - -
At 31 July 2024 75,926 77,428 119,512
DEPRECIATION
At 1 August 2023 375 48,553 46,795
Charge for year 1,500 4,332 9,564
At 31 July 2024 1,875 52,885 56,359
NET BOOK VALUE
At 31 July 2024 74,051 24,543 63,153
At 31 July 2023 14,625 28,875 59,282

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 2,500 5,862 206,867
Additions 50,918 495 125,774
Reclassification/transfer - (250 ) (250 )
At 31 July 2024 53,418 6,107 332,391
DEPRECIATION
At 1 August 2023 2,496 3,243 101,462
Charge for year 9,548 795 25,739
At 31 July 2024 12,044 4,038 127,201
NET BOOK VALUE
At 31 July 2024 41,374 2,069 205,190
At 31 July 2023 4 2,619 105,405

THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Rent deposit 5,000 5,000
Other debtors 3,055 5,323
Directors' loan accounts 135,379 72,793
Prepayments 5,040 8,963
148,474 92,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 5,529 -
Trade creditors 37,908 46,626
Amounts owed to group undertakings 11,061 5,061
Tax 61,349 42,376
VAT 49,614 51,310
Other creditors 613 1,164
Accrued expenses 2,688 1,877
174,318 153,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 4,422 10,185
Hire purchase contracts 37,204 -
63,849 32,408

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,422 10,185

THE ANGEL INN (BLYTH) LIMITED (REGISTERED NUMBER: 04240424)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
A J Jepson
Balance outstanding at start of year 123,127 99,456
Amounts advanced 236,718 202,590
Amounts repaid (224,466 ) (178,919 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 135,379 123,127

During the year beneficial loan interest was charged of £3,465.07 (2023 - £2,054) at 2% per annum on the overdrawn balance relating to the director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A J Jepson, holding 100% of the ordinary issued share capital.