Archangel Seven Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC665937

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		194
Tangible Assets	5		591		4,650
Investments	6		1,500		1,500

			2,091		6,344
CURRENT ASSETS
Debtors	7	5,259		35,855
Cash at bank and in hand		5,219		1,194

		10,478		37,049
Creditors: Amounts Falling Due Within One Year	8	(30,071 )		(51,495 )

NET CURRENT ASSETS (LIABILITIES)			(19,593 )		(14,446 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(17,502 )		(8,102 )

NET LIABILITIES			(17,502 )		(8,102 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(17,602 )		(8,202 )

SHAREHOLDERS' FUNDS			(17,502)		(8,102)

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Archangel Seven Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C McLelland

Director

3 July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Archangel Seven Limited is a private company, limited by shares, incorporated in Scotland, registered number SC665937 . The registered office is 272 Bath Street, Glasgow, G2 4JR.

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. Going Concern Disclosure

The directors have carried out an assessment of the going concern position of the company, including consideration of the company's net liability position. With their continued support, the directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. 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.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.5. 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	33.3% straight line
Fixtures & Fittings	20% straight line
Computer Equipment	33.3% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Archangel Seven Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	1,000

As at 31 July 2025	1,000

Amortisation
As at 1 August 2024	806
Provided during the period	194

As at 31 July 2025	1,000

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	194

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	199	14,918	15,117

As at 31 July 2025	199	14,918	15,117

Depreciation
As at 1 August 2024	70	10,397	10,467
Provided during the period	39	4,020	4,059

As at 31 July 2025	109	14,417	14,526

Net Book Value
As at 31 July 2025	90	501	591

As at 1 August 2024	129	4,521	4,650

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Archangel Seven Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 August 2024	1,500

As at 31 July 2025	1,500

Provision
As at 1 August 2024	-

As at 31 July 2025	-

Net Book Value
As at 31 July 2025	1,500

As at 1 August 2024	1,500

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	600	23,741
Other debtors	624	624
Directors' loan accounts	3,935	11,390
Called up share capital not paid	100	100

	5,259	35,855

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,160	16,218
VAT	3,760	6,141
Other creditors	9,673	11,996
Accruals and deferred income	819	780
Directors' loan accounts	7,143	10,110
Amounts owed to related parties	2,516	6,250

	30,071	51,495

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Archangel Seven Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

9. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr Carrick McLelland	11,390	3,071	(10,526 )	-	3,935

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

As at 31 July 2025, the company owed the director, A T Snowie, £7,143 (2024: £10,110) and was owed from the director, C McLelland, £3,935 (2024: £11,389).

As at 31 July 2025 there was an amount of £1,516 (2024: £5,250) due to Tait Capital Limited, and an amount of £1,000 (2024: £1,000) due to Tait Global Holdings Limited, both associated companies with a common director.

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