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REGISTERED NUMBER: 01781028 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ANGELBOND LIMITED

ANGELBOND LIMITED (REGISTERED NUMBER: 01781028)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGELBOND LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: R P Scordia
A Curunet
G Merveilleux





REGISTERED OFFICE: c/o Begbies Traynor
No 2 Collingwood Street
Newcastle Upon Tyne
NE1 1JF





REGISTERED NUMBER: 01781028 (England and Wales)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

ANGELBOND LIMITED (REGISTERED NUMBER: 01781028)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 465,948 424,775

CURRENT ASSETS
Stocks 193,601 87,310
Debtors 5 1,288,318 1,260,512
Cash at bank 201,316 75,734
1,683,235 1,423,556
CREDITORS
Amounts falling due within one year 6 280,785 173,621
NET CURRENT ASSETS 1,402,450 1,249,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,868,398

1,674,710

PROVISIONS FOR LIABILITIES 15,387 2,398
NET ASSETS 1,853,011 1,672,312

CAPITAL AND RESERVES
Called up share capital 51,000 51,000
Retained earnings 1,802,011 1,621,312
SHAREHOLDERS' FUNDS 1,853,011 1,672,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ANGELBOND LIMITED (REGISTERED NUMBER: 01781028)

BALANCE SHEET - continued
30 September 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 Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:




R P Scordia - Director



A Curunet - Director


ANGELBOND LIMITED (REGISTERED NUMBER: 01781028)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Angelbond 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

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.

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.

ANGELBOND LIMITED (REGISTERED NUMBER: 01781028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account.

Lease payments are analysed between capital and interest components. The interest element of the payment is charged to the profit and loss account over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight-line basis over the term of the lease.

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.

Government grants
Capital grants are credited to a deferred income account and amortised to the profit and loss account over the expected useful lives of the fixed assets involved.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 685,048 523,916 67,214
Additions 2,045 72,711 684
At 30 September 2024 687,093 596,627 67,898
DEPRECIATION
At 1 October 2023 292,087 505,796 65,178
Charge for year 19,602 11,875 544
At 30 September 2024 311,689 517,671 65,722
NET BOOK VALUE
At 30 September 2024 375,404 78,956 2,176
At 30 September 2023 392,961 18,120 2,036

ANGELBOND LIMITED (REGISTERED NUMBER: 01781028)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 100,561 77,685 1,454,424
Additions - 1,295 76,735
At 30 September 2024 100,561 78,980 1,531,159
DEPRECIATION
At 1 October 2023 100,555 66,033 1,029,649
Charge for year - 3,541 35,562
At 30 September 2024 100,555 69,574 1,065,211
NET BOOK VALUE
At 30 September 2024 6 9,406 465,948
At 30 September 2023 6 11,652 424,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,240,999 1,211,682
Other debtors 1,083 3,948
VAT 9,201 8,119
Prepayments and accrued income 37,035 36,763
1,288,318 1,260,512

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 120,584 79,784
Tax 50,086 28,672
Social security and other taxes 15,097 12,909
Other creditors & deferred income 32,417 2,974
Accrued expenses 62,601 49,282
280,785 173,621

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £