Angelslocks Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 08753606

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		814		1,018
Investments	5		593,626		-

			594,440		1,018
CURRENT ASSETS
Stocks	6	335,728		356,119
Debtors	7	5,417		5,916
Cash at bank and in hand		307,330		786,233

		648,475		1,148,268
Creditors: Amounts Falling Due Within One Year	8	(150,936 )		(104,248 )

NET CURRENT ASSETS (LIABILITIES)			497,539		1,044,020

TOTAL ASSETS LESS CURRENT LIABILITIES			1,091,979		1,045,038

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,817 )		-

NET ASSETS			1,074,162		1,045,038

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			1,074,062		1,044,938

SHAREHOLDERS' FUNDS			1,074,162		1,045,038

Page 1

Page 2

Angelslocks Limited

Statement of Financial Position (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement.

On behalf of the board

Mrs Angela Croall

Director

16th October 2026

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

1. General Information

Angelslocks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08753606 . The registered office is 73 Scarborough Drive, Minster On Sea, Sheerness, ME12 2NQ.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. 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

2.4. 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.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Page 3

Page 4

Angelslocks Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

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 years 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.

Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

2.8. Investments

Investments in equity instruments that are not publicly traded and whose fair value cannot otherwise be measured reliably are measured at cost less impairment. Other equity investments are measured at fair value through profit or loss

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 March 2025	1,675

As at 28 February 2026	1,675

Depreciation
As at 1 March 2025	657
Provided during the period	204

As at 28 February 2026	861

Net Book Value
As at 28 February 2026	814

As at 1 March 2025	1,018

Page 4

Page 5

Angelslocks Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Investments

	Listed
	£
Cost or Valuation
As at 1 March 2025	-
Additions	499,852
Revaluations	93,774

As at 28 February 2026	593,626

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	593,626

As at 1 March 2025	-

If investments had been accounted for under historical cost accounting rules, the amounts would be: 2026 £499,852

6. Stocks

	2026	2025
	£	£
Materials	335,728	356,119

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	(289 )	1,866
Other debtors	5,706	4,050

	5,417	5,916

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	134	-
Other creditors	151,632	90,086
Taxation and social security	(830 )	14,162

	150,936	104,248

Page 5

Page 6

Angelslocks Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

Page 6