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REGISTERED NUMBER: 05651608 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ANNAGEE LIMITED

ANNAGEE LIMITED (REGISTERED NUMBER: 05651608)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANNAGEE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Ms A Pirie





SECRETARY: G A Faraone





REGISTERED OFFICE: 80 High Street
Hastings
East Sussex
TN34 3EL





REGISTERED NUMBER: 05651608 (England and Wales)





ACCOUNTANTS: BENEDICTS
873 High Road
North Finchley
London
N12 8QA

ANNAGEE LIMITED (REGISTERED NUMBER: 05651608)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 507 365

CURRENT ASSETS
Stocks 5 274,117 269,712
Cash at bank 190,304 214,048
464,421 483,760
CREDITORS
Amounts falling due within one year 6 268,408 276,137
NET CURRENT ASSETS 196,013 207,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,520

207,988

CREDITORS
Amounts falling due after more than one
year

7

6,227

15,803
NET ASSETS 190,293 192,185

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 190,291 192,183
SHAREHOLDERS' FUNDS 190,293 192,185

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ANNAGEE LIMITED (REGISTERED NUMBER: 05651608)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2025 and were signed by:





Ms A Pirie - Director


ANNAGEE LIMITED (REGISTERED NUMBER: 05651608)

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

1. STATUTORY INFORMATION

Annagee 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.

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


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


ANNAGEE LIMITED (REGISTERED NUMBER: 05651608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 17,810 8,290 3,515 3,197 32,812
Additions - - - 350 350
At 31 December 2024 17,810 8,290 3,515 3,547 33,162
DEPRECIATION
At 1 January 2024 17,810 7,925 3,515 3,197 32,447
Charge for year - 91 - 117 208
At 31 December 2024 17,810 8,016 3,515 3,314 32,655
NET BOOK VALUE
At 31 December 2024 - 274 - 233 507
At 31 December 2023 - 365 - - 365

5. STOCKS
2024 2023
£    £   
Stocks 274,117 269,712

ANNAGEE LIMITED (REGISTERED NUMBER: 05651608)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,440 10,920
Taxation 6,558 6,899
Social security and other taxes 1,510 2,499
VAT 22,800 35,009
Directors' current accounts 217,214 212,440
Accruals 9,886 8,370
268,408 276,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loan 6,227 15,803

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 6,227 15,803

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2024 192,183
Profit for the year 28,108
Dividends (30,000 )
At 31 December 2024 190,291