Angel Solutions Limited
Registered number: 03866805
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,931 13,124
Current assets
Debtors 4 147,978 462,954
Cash at bank and in hand 1,714,320 1,525,174
1,862,298 1,988,128
Creditors: amounts falling due within one year 5 (1,210,252) (1,333,154)
Net current assets 652,046 654,974
Total assets less current liabilities 677,977 668,098
Creditors: amounts falling due after more than one year 6 (106,211) (166,503)
Net assets 571,766 501,595
Capital and reserves
Called up share capital 100 100
Profit and loss account 571,666 501,495
Shareholders' funds 571,766 501,595
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.
Amy Webb
Director
Approved by the board on 30 September 2025
Angel Solutions Limited
Notes to the Accounts
for the year ended 31 December 2024
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 rendering of services. 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.
In the year ended 31 December 2017 the company changed its policy on income recognition from the sale of licences. Previously licence sales were recognised at the point of sale. The company now recognises licence income in the period to which it relates.
The previous years accounts have been restated to reflect this change in accounting policy as
though it had been consistently applied historically.
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
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 2024 2023
Number Number
Average number of persons employed by the company 47 49
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 155,837
Additions 20,649
Disposals (135,717)
At 31 December 2024 40,769
Depreciation
At 1 January 2024 142,713
Charge for the year 7,448
On disposals (135,323)
At 31 December 2024 14,838
Net book value
At 31 December 2024 25,931
At 31 December 2023 13,124
4 Debtors 2024 2023
£ £
Trade debtors 85,859 299,662
Corporation tax - R&D tax credit - 87,974
Other debtors 62,119 75,318
147,978 462,954
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5,996
Trade creditors 42,284 38,138
Other taxes and social security costs 254,500 195,225
Other creditors 913,468 1,093,795
1,210,252 1,333,154
6 Creditors: amounts falling due after one year 2024 2023
£ £
Deferred income 106,211 166,503
7 Controlling party
The company is controlled by Andrew Kent and Natalie Kent by reason of their shareholding.
8 Other information
Angel Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Liverpool Science Park Innovation Centre, 131 Mount Pleasant, Liverpool, L3 5TF
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