Angel Group (South West) Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the director on the preparation of the unaudited statutory accounts of Angel Group (South West) Limited for the year ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Angel Group (South West) Limited which comprise the Profit and Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Angel Group (South West) Limited , as a body, in accordance with the terms of our engagement letter dated 26 September 2017. Our work has been undertaken solely to prepare for your approval the accounts of Angel Group (South West) Limited and state those matters that we have agreed to state to the director of Angel Group (South West) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Angel Group (South West) Limited and its director as a body for our work or for this report.

It is your duty to ensure that Angel Group (South West) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Angel Group (South West) Limited . You consider that Angel Group (South West) Limited 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 accounts of Angel Group (South West) Limited . 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 financial statements.

Signed

7 August 2025

Pinstripe Ltd

Pure Offices Kestrel Court

Harbour Road

Portishead

Bristol

BS20 7AN

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Angel Group (South West) Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 09201731

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,533		280,385

			14,533		280,385
CURRENT ASSETS
Stocks	5	15,000		5,000
Debtors	6	135,774		231,345
Cash at bank and in hand		179,342		29,091

		330,116		265,436
Creditors: Amounts Falling Due Within One Year	7	(226,008 )		(325,222 )

NET CURRENT ASSETS (LIABILITIES)			104,108		(59,786 )

TOTAL ASSETS LESS CURRENT LIABILITIES			118,641		220,599

Creditors: Amounts Falling Due After More Than One Year	8		(4,167 )		(130,504 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,587 )		(11,306 )

NET ASSETS			105,887		78,789

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			105,787		78,689

SHAREHOLDERS' FUNDS			105,887		78,789

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Angel Group (South West) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Newman

Director

23 September 2025

The notes on pages 4 to 8 form part of these financial statements.

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Angel Group (South West) Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Angel Group (South West) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09201731 . The registered office is 211 -213 North Street, Bedminster, Bristol, BS3 1JH.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents the revenue generated from the sale of goods and services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.

Sales of goods are recognised when the company has delivered the products to the customer and the customer has accepted the products.

Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses

Depreciation is provided at following annual rates in order to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10% on cost
Leasehold	2% reducing balance
Plant & Machinery	at varying rates on cost
Motor Vehicles	25% on cost
Computer Equipment	25% on cost

2.4. Leasing and Hire Purchase Contracts

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 with a full charge on the year of acquisition.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Angel Group (South West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.

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 that have been enacted or substantively enacted by the balance sheet date.

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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

The average number of employees, including directors, during the year was 8 (2023: 8)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2024	12,580	244,973	182,706	2,743
Disposals	(12,580 )	(244,973 )	(113,222 )	-

As at 31 December 2024	-	-	69,484	2,743

...CONTINUED

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Angel Group (South West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	9,121	24,090	128,933	960
Provided during the period	-	-	9,614	480
Disposals	(9,121 )	(24,090 )	(82,086 )	-

As at 31 December 2024	-	-	56,461	1,440

Net Book Value
As at 31 December 2024	-	-	13,023	1,303

As at 1 January 2024	3,459	220,883	53,773	1,783


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	5,058	448,060
Disposals	-	(370,775 )

As at 31 December 2024	5,058	77,285

Depreciation
As at 1 January 2024	4,571	167,675
Provided during the period	280	10,374
Disposals	-	(115,297 )

As at 31 December 2024	4,851	62,752

Net Book Value
As at 31 December 2024	207	14,533

As at 1 January 2024	487	280,385

5. Stocks

	2024	2023
	£	£
Stock	15,000	5,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	124,190	230,777
Other debtors	11,584	568

	135,774	231,345

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Angel Group (South West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	29,130
Other creditors	129,696	204,295
Taxation and social security	86,312	91,797

	226,008	325,222

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,167	130,504

9. Secured Creditors

The following secured debts are included within creditors:

	2024		2023
	£		£
Bank loans and overdrafts	-		135,467

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	11,306	11,306
Deferred taxation	(2,719 )	(2,719 )

Balance at 31 December 2024	8,587	8,587

The provision for deferred taxation is made up of accelerated capital allowances.

11. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
33 Ordinary A shares of £ 1.000 each	33	33
33 Ordinary B shares of £ 1.000 each	33	33
33 Ordinary C shares of £ 1.000 each	33	33
1 Ordinary D shares of £ 1.000 each	1	1

	100	100

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Angel Group (South West) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	13,631	13,631
Later than one year and not later than five years	8,333	21,964

	21,964	35,595

13. Directors Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the financial year were as follows:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Robert Newman	(42,171 )	72,769	(27,912 )	-	2,686

Other than movements on the directors' loan accounts with the company, there were no other advances, credits and guarantees with the directors during the accounting period.

These loans are unsecured, interest free and repayable on demand.

The above directors' loans were repaid on

14. Related Party Transactions

During the year, total dividends of £27,600 (2023: £18,300) were paid to the directors.

Mr R Newman, Director, Mr M Newman and Mr J Newman, control the company by virtue of their shareholdings.

The company bank loan is personally guaranteed by Mr R Newman.

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