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Registered number: 06432599
Angel Accounting Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Angel Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06432599
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 300,000 300,000
Tangible Assets 5 890 890
300,890 300,890
CURRENT ASSETS
Debtors 6 16,200 15,287
Cash at bank and in hand 1,101 2,820
17,301 18,107
Creditors: Amounts Falling Due Within One Year 7 (188,272 ) (84,225 )
NET CURRENT ASSETS (LIABILITIES) (170,971 ) (66,118 )
TOTAL ASSETS LESS CURRENT LIABILITIES 129,919 234,772
Creditors: Amounts Falling Due After More Than One Year 8 (221,025 ) (264,681 )
NET LIABILITIES (91,106 ) (29,909 )
CAPITAL AND RESERVES
Called up share capital 9 125 125
Share premium account 142,000 142,000
Profit and Loss Account (233,231 ) (172,034 )
SHAREHOLDERS' FUNDS (91,106) (29,909)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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
Mrs Louise McCabe
Director
10/03/2025
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 Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06432599 . The registered office is 1 Arden Court, Arden Road, Alcester, B49 6HN.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Fixtures & Fittings 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 300,000
As at 31 March 2024 300,000
Net Book Value
As at 31 March 2024 300,000
As at 1 April 2023 300,000
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 1,096
As at 31 March 2024 1,096
Depreciation
As at 1 April 2023 206
As at 31 March 2024 206
Net Book Value
As at 31 March 2024 890
As at 1 April 2023 890
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,876 15,287
Due after more than one year
Other taxes and social security 1,324 -
16,200 15,287
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,261 196
Other taxes and social security 1,982 1,982
VAT 20,083 -
Other creditors 72,093 72,093
Directors' loan accounts 91,853 9,954
188,272 84,225
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other taxes and social security - 7,656
Other creditors 221,025 257,025
221,025 264,681
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 125 125
Page 4