ANGEL MOBILITY LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

ANGEL MOBILITY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12159046 . The registered office is Southfield Business Park, 5 Christy Court, Christy Close, Essex, SS15 6TL.

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 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing balance method
Motor Vehicles	20% Reducing balance method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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ANGEL MOBILITY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 September 2024	10,098	50,246	60,344
Additions	3,179	7,715	10,894

As at 31 August 2025	13,277	57,961	71,238

Depreciation
As at 1 September 2024	3,095	10,049	13,144
Provided during the period	2,037	9,622	11,659

As at 31 August 2025	5,132	19,671	24,803

Net Book Value
As at 31 August 2025	8,145	38,290	46,435

As at 1 September 2024	7,003	40,197	47,200

5. Stocks

	2025	2024
	£	£
Finished goods	326,902	280,585

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	169,926	144,549
Prepayments and accrued income	10,197	4,608
Other debtors	54,311	62,821
VAT	-	16,010

	234,434	227,988

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ANGEL MOBILITY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,818	5,818
Trade creditors	380,040	164,640
Bank loans and overdrafts	8,349	11,132
Corporation tax	40,085	35,149
Other taxes and social security	425	194
VAT	26,484	-
Net wages	4,675	1,929
Other creditors	20,182	-
Accruals and deferred income	10,958	23,349
Directors' loan accounts	236,838	219,984

	733,854	462,195

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	27,591	33,409
Bank loans	-	8,349

	27,591	41,758

Included in bank loans there is an amount of £8,349 in relation to bounce bank loan. The goverment guarantees 100% of the bounce loan and there are no fees or interest for the first 12 months. After 12 months the interest is capped at 2.5% per year and the total amount payable must be repaid by way of 60 consecutive monthly payments (consisting of capital and interest).

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,818	5,818
Later than one year and not later than five years	27,591	33,409

	33,409	39,227

	33,409	39,227

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

Included in creditors amount falling due within one year is an amount of £148,938 (2024: £135,584) due to Mr Christopher Angeli, director of the company. The loan is interest free.

Included in creditors amount falling due within one year is an amount of £87,900 (2024: £68,400) due to Mrs Sophia Jane Angeli, director of the company. The loan is interest free.

Included in debtors amount falling due within one year is an amount of £24,045 (2024: £4,959) due from a company with the common director.The laon is interest free.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		46,435		47,200

			46,435		47,200
CURRENT ASSETS
Stocks	5	326,902		280,585
Debtors	6	234,434		227,988
Cash at bank and in hand		266,048		49,224

		827,384		557,797
Creditors: Amounts Falling Due Within One Year	7	(733,854 )		(462,195 )

NET CURRENT ASSETS (LIABILITIES)			93,530		95,602

TOTAL ASSETS LESS CURRENT LIABILITIES			139,965		142,802

Creditors: Amounts Falling Due After More Than One Year	8		(27,591 )		(41,758 )

NET ASSETS			112,374		101,044

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			112,274		100,944

SHAREHOLDERS' FUNDS			112,374		101,044