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REGISTERED NUMBER: 08598246 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Angegyn Ltd

Angegyn Ltd (Registered number: 08598246)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Angegyn Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr AFS Muller





REGISTERED OFFICE: The Pasty Barn
18 Tresprison Business Park
Helston
Cornwall
TR13 0QD





REGISTERED NUMBER: 08598246 (England and Wales)





ACCOUNTANTS: Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Angegyn Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Angegyn Ltd for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Angegyn Ltd in accordance with the terms of our engagement letter dated 7 July 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Angegyn Ltd and state those matters that we have agreed to state to the director of Angegyn Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Angegyn Ltd and its director for our work or for this report.

It is your duty to ensure that Angegyn Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Angegyn Ltd. You consider that Angegyn Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Angegyn Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Chartered Accountants
Marlborough
Hillcrest
Helston
Cornwall
TR13 8UN


17 July 2025

Angegyn Ltd (Registered number: 08598246)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 23,684 -
Tangible assets 6 211,136 222,706
234,820 222,706

CURRENT ASSETS
Stocks 31,410 22,082
Debtors 7 69,743 48,934
Cash at bank and in hand 79,722 55,439
180,875 126,455
CREDITORS
Amounts falling due within one year 8 195,782 159,948
NET CURRENT LIABILITIES (14,907 ) (33,493 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,913

189,213

CREDITORS
Amounts falling due after more than one year 9 (92,958 ) (124,047 )

PROVISIONS FOR LIABILITIES (23,716 ) (26,307 )
NET ASSETS 103,239 38,859

CAPITAL AND RESERVES
Called up share capital 11 600 600
Retained earnings 102,639 38,259
SHAREHOLDERS' FUNDS 103,239 38,859

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

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

The director acknowledges his 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.

Angegyn Ltd (Registered number: 08598246)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 July 2025 and were signed by:





Mr AFS Muller - Director


Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Angegyn Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 38 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 26,316
At 31 October 2024 26,316
AMORTISATION
Charge for year 2,632
At 31 October 2024 2,632
NET BOOK VALUE
At 31 October 2024 23,684

Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 58,367 70,665 177,500
Additions 16,135 - 7,816
Disposals - - -
At 31 October 2024 74,502 70,665 185,316
DEPRECIATION
At 1 November 2023 55,363 47,505 52,215
Charge for year 4,136 3,582 17,880
Eliminated on disposal - - -
At 31 October 2024 59,499 51,087 70,095
NET BOOK VALUE
At 31 October 2024 15,003 19,578 115,221
At 31 October 2023 3,004 23,160 125,285

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 125,325 13,212 445,069
Additions - 1,833 25,784
Disposals (1 ) - (1 )
At 31 October 2024 125,324 15,045 470,852
DEPRECIATION
At 1 November 2023 57,825 9,455 222,363
Charge for year 10,532 1,224 37,354
Eliminated on disposal (1 ) - (1 )
At 31 October 2024 68,356 10,679 259,716
NET BOOK VALUE
At 31 October 2024 56,968 4,366 211,136
At 31 October 2023 67,500 3,757 222,706

Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 39,832
DEPRECIATION
At 1 November 2023 22,745
Charge for year 4,272
At 31 October 2024 27,017
NET BOOK VALUE
At 31 October 2024 12,815
At 31 October 2023 17,087

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 11,065 11,760
Other debtors 1,277 10,644
Directors' current accounts 48,645 15,203
VAT 2,800 3,502
Prepayments 5,956 7,825
69,743 48,934

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 64,512 55,512
Other loans 14,308 16,208
Hire purchase contracts 8,112 9,681
Trade creditors 58,290 30,936
Tax 34,691 3,320
Other creditors - 256
Credit card - 9,724
Pension 769 508
Accrued expenses 15,100 33,803
195,782 159,948

Angegyn Ltd (Registered number: 08598246)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 2-5 years 87,969 112,198
Hire purchase contracts 4,989 11,849
92,958 124,047

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 13,101 21,530

The hire purchase liabilities are secured on the assets purchased under the hire purchase contacts.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
600 Ordinary 1 600 600

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr AFS Muller
Balance outstanding at start of year 15,203 23,074
Amounts advanced 57,063 39,567
Amounts repaid (23,621 ) (47,438 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,645 15,203

During the year the company paid for personal items and transferred money to the director. This has been partly repaid by the director's and his wife's dividends, paying for business items personally and cash introduced into the business. Interest is charged on the loan at the official rate. No amounts have been written off or waived during the year. The loan is repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr AFS Muller.