Registered number
04796600
Angel Business Solutions Limited
Filleted Accounts
31 March 2025
Angel Business Solutions Limited
Registered number: 04796600
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 66,702 63,501
Investments 5 60,000 60,000
126,702 123,501
Current assets
Debtors 6 18,198 13,317
Cash at bank and in hand 144,093 219,275
162,291 232,592
Creditors: amounts falling due within one year 7 (130,363) (156,103)
Net current assets 31,928 76,489
Total assets less current liabilities 158,630 199,990
Creditors: amounts falling due after more than one year 8 - (15,589)
Net assets 158,630 184,401
Capital and reserves
Called up share capital 40,004 40,004
Profit and loss account 118,626 144,397
Shareholders' funds 158,630 184,401
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Rushman
Director
Approved by the board on 29 August 2025
Angel Business Solutions Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 11 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 73,260
At 31 March 2025 73,260
Amortisation
At 1 April 2024 73,260
At 31 March 2025 73,260
Net book value
At 31 March 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 39,857 6,241 79,419 125,517
Additions - - 20,790 20,790
At 31 March 2025 39,857 6,241 100,209 146,307
Depreciation
At 1 April 2024 - 6,241 55,775 62,016
Charge for the year - - 17,589 17,589
At 31 March 2025 - 6,241 73,364 79,605
Net book value
At 31 March 2025 39,857 - 26,845 66,702
At 31 March 2024 39,857 - 23,644 63,501
5 Investments
Other
investments
£
Cost
At 1 April 2024 60,000
At 31 March 2025 60,000
6 Debtors 2025 2024
£ £
Trade debtors - (688)
Prepayments 10,984 6,832
Other debtors 7,214 7,173
18,198 13,317
7 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 9,717 20,146
Trade creditors 43,705 36,926
Taxation and social security costs 24,218 43,402
Directors Loan Account 1,241 -
Other creditors 51,482 55,629
130,363 156,103
8 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors - 15,589
9 Other information
Angel Business Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Crescent House
28 Angel Hill
Bury St Edmunds
Suffolk
IP33 1UZ
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