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Registration number: 08084770

Angelina Care Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 May 2024

 

Angelina Care Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Angelina Care Limited

Company Information

Directors

T A Kearns

Narsing Dooraree

DR Dooraree

Registered office

68-70 Brighton Road
Lancing
West Sussex
BN15 8LW

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Angelina Care Limited

(Registration number: 08084770)
Balance Sheet as at 30 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

13,122

15,632

Current assets

 

Stocks

5

200

200

Debtors

6

157,481

75,508

Cash at bank and in hand

 

66,417

112,196

 

224,098

187,904

Creditors: Amounts falling due within one year

7

(119,141)

(161,869)

Net current assets

 

104,957

26,035

Net assets

 

118,079

41,667

Capital and reserves

 

Called up share capital

100

100

Retained earnings

117,979

41,567

Shareholders' funds

 

118,079

41,667

For the financial year ending 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

.........................................
T A Kearns
Director

 

Angelina Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
68-70 Brighton Road
Lancing
West Sussex
BN15 8LW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Angelina Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Fixtures, fitting and equipment

10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Angelina Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 10).

 

Angelina Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 May 2023

1,507

26,287

27,794

At 30 May 2024

1,507

26,287

27,794

Depreciation

At 31 May 2023

-

12,162

12,162

Charge for the year

-

2,510

2,510

At 30 May 2024

-

14,672

14,672

Carrying amount

At 30 May 2024

1,507

11,615

13,122

At 30 May 2023

1,507

14,125

15,632

Included within the net book value of land and buildings above is £1,507 (2023 - £1,507) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

200

200

6

Debtors

2024
£

2023
£

Trade debtors

124,581

38,068

Other debtors

32,900

37,440

157,481

75,508

 

Angelina Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,137

2,137

Taxation and social security

84,982

120,467

Accruals and deferred income

1,032

1,032

Other creditors

3,176

10,419

Director loan account

27,814

27,814

119,141

161,869

8

Related party transactions

Summary of transactions with other related parties

N & D Dooraree
London Mental Health Care
Able House Ltd in which T Kearns has an interest as a director and share holder

 During the year rent was paid for the care home premises. The premises are personally owned by the directors.
Loan from London Mental Health Care an entity in which D Dooraree has an interest
Loan to Able House Ltd interest free.

 

Income and receivables from related parties

2024

Other related parties
£

Amounts receivable from related party

32,674

2023

Other related parties
£

Amounts receivable from related party

22,474