Company Registration No. 4425946 (England and Wales)
Hangar 111 Ltd
Abbreviated unaudited accounts
for the year ended 30 April 2016
Hangar 111 Ltd
Abbreviated Balance Sheet
as at
30 April 2016
Tangible assets
55,070
30,803
Cash at bank and in hand
12,081
27,380
Creditors: amounts falling due within one year
(54,677)
(38,174)
Net current assets
95,732
116,279
Total assets less current liabilities
150,802
147,082
Creditors: amounts falling due after more than one year
(69,639)
(43,244)
Net assets
81,163
103,838
Called up share capital
61,000
61,000
Profit and loss account
20,163
42,838
Total shareholders' funds
81,163
103,838
For the year ending 30 April 2016 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 27 January 2017
G G Lock
Director
Company Registration No. 4425946
Hangar 111 Ltd
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Charge for the year
10,217
3
Share capital
2016
2015
Allotted, called up and fully paid:
61,000 Ordinary shares of £1 each
61,000
61,000