Registered number
12361567
ANGLY LIMITED
Filleted Accounts
30 November 2024
ANGLY LIMITED
Registered number: 12361567
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,388 30,645
Current assets
Stocks 104,701 104,701
Cash at bank and in hand - 599
104,701 105,300
Creditors: amounts falling due within one year 4 (309,784) (259,709)
Net current liabilities (205,083) (154,409)
Total assets less current liabilities (170,695) (123,764)
Creditors: amounts falling due after more than one year 5 - (875)
Net liabilities (170,695) (124,639)
Capital and reserves
Profit and loss account (170,695) (124,639)
Shareholders' funds (170,695) (124,639)
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.
Juliee Boss
Director
Approved by the board on 30 August 2025
ANGLY LIMITED
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
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.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 34,800
Additions 4,900
At 30 November 2024 39,700
Depreciation
At 1 December 2023 4,155
Charge for the year 1,157
At 30 November 2024 5,312
Net book value
At 30 November 2024 34,388
At 30 November 2023 30,645
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 39,047 38,314
Taxation and social security costs 18,681 16,230
Other creditors 252,056 205,165
309,784 259,709
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 875
6 Other information
ANGLY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Shaw Building
Commerce Way
Colchester
Essex
CO2 8HR
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