Angle Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05105968 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Angle Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Cohn

SECRETARY:

Mrs K D Cohn

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

05105968 (England and Wales)

ACCOUNTANTS:

Martin+Heller

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Tangible assets

4

33,173

2,962

Investments

5

338,875

271,410

372,048

274,372

CURRENT ASSETS

Debtors

6

6,204,950

5,154,452

Investments

7

998,389

-

Prepayments and accrued income

344

344

Cash at bank

2,473,234

3,361,355

9,676,917

8,516,151

CREDITORS

Amounts falling due within one year

8

958,504

1,068,762

NET CURRENT ASSETS

8,718,413

7,447,389

TOTAL ASSETS LESS CURRENT LIABILITIES

9,090,461

7,721,761

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

9,090,459

7,721,759

SHAREHOLDERS' FUNDS

9,090,461

7,721,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 July 2022 and were signed by:

P Cohn - Director

1.	STATUTORY INFORMATION

Angle Consulting 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.

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

Turnover 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

50% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 year was 11 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2020

1,665

225

13,933

3,646

19,469

Additions

-

-

41,269

-

41,269

At 30 April 2021

1,665

225

55,202

3,646

60,738

DEPRECIATION

At 1 May 2020

1,651

223

10,988

3,645

16,507

Charge for year

3

1

11,054

-

11,058

At 30 April 2021

1,654

224

22,042

3,645

27,565

NET BOOK VALUE

At 30 April 2021

11

1

33,160

1

33,173

At 30 April 2020

14

2

2,945

1

2,962

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2020

271,410

Additions

67,465

At 30 April 2021

338,875

NET BOOK VALUE

At 30 April 2021

338,875

At 30 April 2020

271,410

Angle Consulting Limited owns 100% of the share capital of DSPS Engineering Limited, registered in England and Wales.

Mr P Cohn is the Director of the DSPS Engineering Limited.

The financial statements have not been consolidated, but the profit after tax for the year ended 31.12.2020 of DSPS Engineering Limited was £14,899 and the reserves were £762,596.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

234,561

57,757

Other debtors

5,970,389

5,096,695

6,204,950

5,154,452

7.	CURRENT ASSET INVESTMENTS

30.4.21

30.4.20

£

£

Other

998,389

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

119,474

124,137

Taxation and social security

413,609

623,906

Other creditors

425,421

320,719

958,504

1,068,762

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.21

30.4.20

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 May 2020

7,721,759

Profit for the year

1,792,700

Dividends

(424,000

)

At 30 April 2021

9,090,459