ANGEL FOODS LTD


Directors	BASHIRI, Shahram
	BOLLINI PURUSHOTHAMAN, Hemanth
	ZARINABAD, Amir Housang


Registered Address	13 Upper Street
	London
	N1 0PQ


Registered Number	09713266 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		118,449		152,731
Tangible assets	4		1,709,326		1,960,365
			1,827,775		2,113,096
Current assets
Stocks	5	157,328		152,038
Debtors	6	1,974,724		2,190,172
Cash at bank and on hand		84,713		46,230
		2,216,765		2,388,440
Creditors amounts falling due within one year	7	(1,705,304)		(1,396,446)
Net current assets (liabilities)			511,461		991,994
Total assets less current liabilities			2,339,236		3,105,090
Creditors amounts falling due after one year	8		(1,975,000)		(2,517,793)
Net assets			364,236		587,297
Capital and reserves
Called up share capital			400		400
Profit and loss account			363,836		586,897
Shareholders' funds			364,236		587,297

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

BOLLINI PURUSHOTHAMAN, Hemanth
Director
Registered Company No. 09713266

ANGEL FOODS LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	184		183

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	410,601	410,601
At 31 December 24	410,601	410,601
Amortisation and impairment
At 01 January 24	257,870	257,870
Charge for year	34,282	34,282
At 31 December 24	292,152	292,152
Net book value
At 31 December 24	118,449	118,449
At 31 December 23	152,731	152,731

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	1,018,978	123,211	77,948	128,524	2,050,076	3,398,737
Additions	-	-	-	1,331	25,490	26,821
At 31 December 24	1,018,978	123,211	77,948	129,855	2,075,566	3,425,558
Depreciation and impairment
At 01 January 24	316,049	21,943	37,987	19,670	1,042,723	1,438,372
Charge for year	101,738	15,191	10,007	16,528	134,396	277,860
At 31 December 24	417,787	37,134	47,994	36,198	1,177,119	1,716,232
Net book value
At 31 December 24	601,191	86,077	29,954	93,657	898,447	1,709,326
At 31 December 23	702,929	101,268	39,961	108,854	1,007,353	1,960,365

5.	Stocks

	2024	2023
	£	£
Finished goods	157,328	152,038
Total	157,328	152,038

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	59,045	6,901
Other debtors	1,799,614	2,064,870
Prepayments and accrued income	116,065	118,401
Total	1,974,724	2,190,172


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	500,794	524,897
Bank borrowings and overdrafts	318,195	38,994
Taxation and social security	150,500	340,665
Other creditors	735,815	491,890
Total	1,705,304	1,396,446


	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.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	1,975,000	2,517,793
Total	1,975,000	2,517,793


	Long 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.

9.	Provisions for liabilities
	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.