ABERDEEN ANGELS LIMITED

ABERDEEN ANGELS LIMITED - Company Information

2022-04-012023-03-312023-03-31falseSC490531ABERDEEN ANGELS 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Registered Number
SC490531
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2023

ABERDEEN ANGELS LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Director	MUIRHEAD, Andrea Faye


Registered Address	Unit 2, 14 Silverburn Place 14 Silverburn Place
	Bridge Of Don Industrial Estate
	Aberdeen
	AB23 8EG


Registered Number	SC490531 (Scotland)

ABERDEEN ANGELS LIMITED

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		30,784		34,641
			30,784		34,641
Current assets
Debtors	6	39,116		42,213
Cash at bank and on hand		88,426		48,246
		127,542		90,459
Creditors amounts falling due within one year	7	(54,285)		(55,285)
Net current assets (liabilities)			73,257		35,174
Total assets less current liabilities			104,041		69,815
Creditors amounts falling due after one year	8		(16,897)		(22,374)
Net assets			87,144		47,441
Capital and reserves
Called up share capital			1		1
Profit and loss account			87,143		47,440
Shareholders' funds			87,144		47,441

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 5 September 2023, and are signed on its behalf by:

MUIRHEAD, Andrea Faye
Director
Registered Company No. SC490531

ABERDEEN ANGELS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Vehicles	25
	Office Equipment	33

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	13		13

5.	Property, plant and equipment

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 22	4,269	57,370	1,453	3,174	66,266
Additions	814	13,495	285	-	14,594
Disposals	-	(11,450)	-	-	(11,450)
At 31 March 23	5,083	59,415	1,738	3,174	69,410
Depreciation and impairment
At 01 April 22	1,444	27,274	717	2,190	31,625
Charge for year	909	7,388	121	492	8,910
On disposals	-	(1,909)	-	-	(1,909)
At 31 March 23	2,353	32,753	838	2,682	38,626
Net book value
At 31 March 23	2,730	26,662	900	492	30,784
At 31 March 22	2,825	30,096	736	984	34,641

6.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	37,636	42,213
Other debtors	1,480	-
Total	39,116	42,213


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	756	5,553
Bank borrowings and overdrafts	4,260	4,260
Amounts owed to related parties	13,871	13,871
Taxation and social security	29,463	25,178
Finance lease and HP contracts	5,128	4,963
Other creditors	807	680
Accrued liabilities and deferred income	-	780
Total	54,285	55,285


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	8,330	12,224
Other creditors	8,567	10,150
Total	16,897	22,374

9.	Finance lease and HP contracts after one year

		2023		2022
		£		£
	Finance lease and HP contracts	8,567		10,151