Company registration number: 04761045
Unaudited financial statements
for the year ended 30 June 2024
for
Angelpowers Limited
Pages for filing with the Registrar
Company registration number: 04761045
Angelpowers Limited
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 - -
Investments 5 50,000 50,000
Investment property 6 171,928 171,928
221,928 221,928
Current assets
Cash at bank and in hand 15,228 31,858
15,228 31,858
Creditors: amounts falling due within
one year
(27,593) (35,295)
Net current liabilities (12,365) (3,437)
Total assets less current liabilities 209,563 218,491
NET ASSETS 209,563 218,491
Capital and reserves
Called up share capital 100 100
Profit and loss account 209,463 218,391
TOTAL EQUITY 209,563 218,491
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04761045
Angelpowers Limited
Balance sheet - continued
as at 30 June 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 January 2025 and signed on its behalf by:
Mr D Dalton, Director
15 January 2025
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Angelpowers Limited
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
Angelpowers Limited is a private company registered in England and Wales. Its registered number is 04761045. The company is limited by shares. Its registered office is Haere Mai, Lower Sea Lane, Bridport, Dorset, DT6 6LH.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 33% straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Angelpowers Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 July 2023 5,752
At 30 June 2024 5,752
Depreciation
At 1 July 2023 5,752
At 30 June 2024 5,752
Net book value
At 30 June 2024 -
At 30 June 2023 -
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Angelpowers Limited
Notes to the financial statements - continued
for the year ended 30 June 2024
5 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 July 2023 50,000
At 30 June 2024 50,000
Net book value
At 30 June 2024 50,000
At 30 June 2023 50,000
6 Investment property
£
Valuation
At 1 July 2023 171,928
At 30 June 2024 171,928
7 Advances, credit and guarantees granted to directors
The company is controlled by Mr P W Dalton and Mr D Dalton who are Directors of the company. At 30 June 2024 the company owed the Directors £24,121 (2023: £27,121) held in a Directors' current account. No interest is payable.
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