REGISTERED NUMBER: 07261722 (England and Wales)

Unaudited Financial Statements

for the Period

1 April 2024 to 20 March 2025

for

Four Anjels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Dr E F Cronin

Mrs A S Stevens

Mrs J L Painting

Registered office:

Unit 10

Furlong Park

Bishops Cleeve Business Park

Cheltenham

Gloucestershire

GL52 8TW

Registered number:

07261722 (England and Wales)

Accountants:

Crowthers Chartered Accountants

19 High Street

Pershore

Worcestershire

WR10 1AA

FIXED ASSETS

Property, plant and equipment

4

1,203,130

1,352,199

CURRENT ASSETS

Inventories

542,812

322,156

Debtors

5

476,634

530,833

Cash at bank and in hand

246,904

163,183

1,266,350

1,016,172

CREDITORS

Amounts falling due within one year

6

1,470,936

1,206,878

NET CURRENT LIABILITIES

(204,586

)

(190,706

)

TOTAL ASSETS LESS CURRENT LIABILITIES

998,544

1,161,493

CREDITORS

Amounts falling due after more than one year

7

(613,695

)

(1,007,609

)

PROVISIONS FOR LIABILITIES

(62,164

)

(151,566

)

NET ASSETS

322,685

2,318

CAPITAL AND RESERVES

Called up share capital

10

1,100

1,100

Share premium

99,000

99,000

Retained earnings

222,585

(97,782

)

SHAREHOLDERS' FUNDS

322,685

2,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 20 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 20 March 2025 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 23 June 2025 and were signed on its behalf by:

Mrs A S Stevens - Director

Mrs J L Painting - Director

1.	STATUTORY INFORMATION

Four Anjels Limited 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.

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

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

Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and building leasehold

-

3% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Hire purchase and leasing commitments

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.

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

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

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

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

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 period was 73 (2024 - 66 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 April 2024

895,670

1,643,466

2,539,136

Additions

-

44,961

44,961

Disposals

-

(218,551

)

(218,551

)

At 20 March 2025

895,670

1,469,876

2,365,546

Depreciation

At 1 April 2024

173,157

1,013,780

1,186,937

Charge for period

22,364

160,990

183,354

Eliminated on disposal

-

(207,875

)

(207,875

)

At 20 March 2025

195,521

966,895

1,162,416

Net book value

At 20 March 2025

700,149

502,981

1,203,130

At 31 March 2024

722,513

629,686

1,352,199

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

Cost

At 1 April 2024

261,267

At 20 March 2025

261,267

Depreciation

At 1 April 2024

72,222

Charge for period

46,441

At 20 March 2025

118,663

Net book value

At 20 March 2025

142,604

At 31 March 2024

189,045

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

264,925

338,698

Other debtors

211,709

192,135

476,634

530,833

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

370,103

407,899

Hire purchase contracts (see note 8)

52,436

55,662

Trade creditors

654,551

441,032

Taxation and social security

19,616

29,705

Other creditors

374,230

272,580

1,470,936

1,206,878

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

562,673

906,099

Hire purchase contracts (see note 8)

51,022

101,510

613,695

1,007,609

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

52,436

55,662

Between one and five years

51,022

101,510

103,458

157,172

Non-cancellable

operating leases

2025

2024

£

£

Within one year

191,863

192,092

Between one and five years

479,657

671,520

671,520

863,612

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

932,776

1,276,202

National Westminster Bank hold a fixed and floating charge over all the property of the company, the charge also contains a negative pledge.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,100

Ordinary

1

1,100

1,100

11.	RELATED PARTY DISCLOSURES

Included within other creditors are amounts owed to the Directors of £226,340 (2024: £213,502). The loans are unsecured, repayable on demand and interest is charged at 6% per annum.

12.	POST BALANCE SHEET EVENTS

The financial year has been shortened due to a share sale on 21 March 2025.