REGISTERED NUMBER: 10746274 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Archangel Lightworks Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Sola

C R Johanson IV

S A Harman

O Pryce-Jones

REGISTERED OFFICE:

63 Bermondsey Street

London

SE1 3XF

REGISTERED NUMBER:

10746274 (England and Wales)

ACCOUNTANTS:

Dragon Argent Limited

63 Bermondsey Street

London

SE1 3XF

FIXED ASSETS

Tangible assets

4

74,721

51,194

CURRENT ASSETS

Debtors

5

1,083,519

251,197

Cash at bank

645,996

2,691,871

1,729,515

2,943,068

CREDITORS

Amounts falling due within one year

6

304,125

174,882

NET CURRENT ASSETS

1,425,390

2,768,186

TOTAL ASSETS LESS CURRENT LIABILITIES

1,500,111

2,819,380

CREDITORS

Amounts falling due after more than one year

7

157,573

238,773

NET ASSETS

1,342,538

2,580,607

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

4,223,454

4,223,454

Retained earnings

(2,880,918

)

(1,642,849

)

1,342,538

2,580,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

C R Johanson IV - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

at varying rates on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

16,917

45,193

-

49,407

111,517

Additions

-

1,735

14,590

24,473

40,798

At 31 December 2024

16,917

46,928

14,590

73,880

152,315

DEPRECIATION

At 1 January 2024

16,917

2,450

-

40,956

60,323

Charge for year

-

9,110

1,520

6,641

17,271

At 31 December 2024

16,917

11,560

1,520

47,597

77,594

NET BOOK VALUE

At 31 December 2024

-

35,368

13,070

26,283

74,721

At 31 December 2023

-

42,743

-

8,451

51,194

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

520,559

511

Other debtors

562,960

250,686

1,083,519

251,197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

150,317

48,709

Taxation and social security

92,759

47,373

Other creditors

61,049

78,800

304,125

174,882

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

157,573

238,773

8.	RELATED PARTY DISCLOSURES

Included within other creditors falling due after more than one year is a convertible loan with a balance of £117,611 (2023: £145,357) including interest which was issued by Archangel Aerospace. The loan has been issued on terms at arms length.

Both of these companies share common directorship with Archangel Lightworks Limited.