Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3162023-04-01falseNo description of principal activity6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11628520 2023-04-01 2024-03-31 11628520 2022-04-01 2023-03-31 11628520 2024-03-31 11628520 2023-03-31 11628520 c:Director1 2023-04-01 2024-03-31 11628520 d:MotorVehicles 2023-04-01 2024-03-31 11628520 d:MotorVehicles 2024-03-31 11628520 d:MotorVehicles 2023-03-31 11628520 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11628520 d:OfficeEquipment 2023-04-01 2024-03-31 11628520 d:OfficeEquipment 2024-03-31 11628520 d:OfficeEquipment 2023-03-31 11628520 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11628520 d:ComputerEquipment 2023-04-01 2024-03-31 11628520 d:ComputerEquipment 2024-03-31 11628520 d:ComputerEquipment 2023-03-31 11628520 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11628520 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11628520 d:CurrentFinancialInstruments 2024-03-31 11628520 d:CurrentFinancialInstruments 2023-03-31 11628520 d:Non-currentFinancialInstruments 2024-03-31 11628520 d:Non-currentFinancialInstruments 2023-03-31 11628520 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11628520 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11628520 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11628520 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11628520 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11628520 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11628520 d:ShareCapital 2024-03-31 11628520 d:ShareCapital 2023-03-31 11628520 d:RetainedEarningsAccumulatedLosses 2024-03-31 11628520 d:RetainedEarningsAccumulatedLosses 2023-03-31 11628520 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11628520 c:OrdinaryShareClass1 2024-03-31 11628520 c:OrdinaryShareClass1 2023-03-31 11628520 c:FRS102 2023-04-01 2024-03-31 11628520 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11628520 c:FullAccounts 2023-04-01 2024-03-31 11628520 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11628520 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 11628520 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 11628520 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 11628520 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 11628520 2 2023-04-01 2024-03-31 11628520 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11628520









ANGEL O'DONNELL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ANGEL O'DONNELL LTD
REGISTERED NUMBER: 11628520

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
136,105
7,595

  
136,105
7,595

Current assets
  

Debtors: amounts falling due within one year
 5 
1,750,568
1,514,715

Cash at bank and in hand
 6 
3,272,058
1,571,863

  
5,022,626
3,086,578

Creditors: amounts falling due within one year
 7 
(4,159,002)
(2,606,760)

Net current assets
  
 
 
863,624
 
 
479,818

Total assets less current liabilities
  
999,729
487,413

Creditors: amounts falling due after more than one year
 8 
(49,946)
(21,653)

  

Net assets
  
949,783
465,760


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
949,781
465,758

  
949,783
465,760


Page 1

 
ANGEL O'DONNELL LTD
REGISTERED NUMBER: 11628520
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R J Angel
Director

Date: 31 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ANGEL O'DONNELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Angel O'Donnell Limited is a private company limited by shares and incorporated in England & Wales (registered number 11628520). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ANGEL O'DONNELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


Page 4

 
ANGEL O'DONNELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
Office equipment
-
35%
reducing balance
Computer equipment
-
30%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 5

 
ANGEL O'DONNELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
-
2,014
12,864
14,878


Additions
146,590
4,596
12,044
163,230



At 31 March 2024

146,590
6,610
24,908
178,108



Depreciation


At 1 April 2023
-
1,119
6,164
7,283


Charge for the year on owned assets
27,379
2,938
4,403
34,720



At 31 March 2024

27,379
4,057
10,567
42,003



Net book value



At 31 March 2024
119,211
2,553
14,341
136,105



At 31 March 2023
-
895
6,700
7,595

Page 6

 
ANGEL O'DONNELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
323,924
1,374,020

Other debtors
680,599
97,869

Prepayments and accrued income
746,045
42,826

1,750,568
1,514,715



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,272,058
1,571,863

3,272,058
1,571,863



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,648
10,648

Trade creditors
369,784
206,206

Corporation tax
387,750
49,699

Other taxation and social security
340,000
321,862

Obligations under finance lease and hire purchase contracts
9,867
-

Other creditors
717,080
52,278

Accruals and deferred income
2,323,873
1,966,067

4,159,002
2,606,760


Page 7

 
ANGEL O'DONNELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,694
21,653

Net obligations under finance leases and hire purchase contracts
38,252
-

49,946
21,653



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,648
10,648


10,648
10,648


Amounts falling due 2-5 years

Bank loans
11,694
21,653


11,694
21,653


22,342
32,301



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
9,867
-

Between 1-5 years
38,250
-

48,117
-


11.


Share capital

2024
2023
Page 8

 
ANGEL O'DONNELL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.Share capital (continued)

£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinary shares shares of £0.50 each
2
2


 
Page 9