Company Registration No. 4425946 (England and Wales)
Hangar 111 Limited
Unaudited accounts
for the year ended 30 April 2018
Hangar 111 Limited
Unaudited accounts
Contents
Hangar 111 Limited
Company Information
for the year ended 30 April 2018
Company Number
4425946 (England and Wales)
Registered Office
UNIT 8B SEVEN ACRES BUSINESS PARK
NEWBOURNE ROAD WALDRINGFIELD
WOODBRIDGE
SUFFOLK
IP12 4PS
Accountants
Graham Lingley FFA, FIPA, FFTA
22 Wareham Avenue
Ipswich
IP3 8QD
Hangar 111 Limited
Statement of financial position
as at
30 April 2018
Tangible assets
105,372
49,726
Inventories
206,870
147,163
Cash at bank and in hand
31,214
50,417
Creditors: amounts falling due within one year
(74,670)
(101,061)
Net current assets
171,813
110,790
Total assets less current liabilities
277,185
160,516
Creditors: amounts falling due after more than one year
(35,005)
(44,982)
Net assets
242,180
115,534
Called up share capital
61,000
61,000
Profit and loss account
181,180
54,534
Shareholders' funds
242,180
115,534
For the year ending 30 April 2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 January 2019.
G G Lock
Director
Company Registration No. 4425946
Hangar 111 Limited
Notes to the Accounts
for the year ended 30 April 2018
Hangar 111 Limited is a private company, limited by shares, registered in England and Wales, registration number 4425946. The registered office is UNIT 8B SEVEN ACRES BUSINESS PARK, NEWBOURNE ROAD WALDRINGFIELD, WOODBRIDGE, SUFFOLK, IP12 4PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
33% 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.
Hangar 111 Limited
Notes to the Accounts
for the year ended 30 April 2018
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2017
87,439
22,060
10,149
119,648
Additions
83,203
-
3,965
87,168
At 30 April 2018
170,642
22,060
14,114
206,816
At 1 May 2017
55,030
9,601
5,291
69,922
Charge for the year
24,533
4,627
2,362
31,522
At 30 April 2018
79,563
14,228
7,653
101,444
At 30 April 2018
91,079
7,832
6,461
105,372
At 30 April 2017
32,409
12,459
4,858
49,726
Finished goods
206,870
147,163
Trade debtors
8,399
14,271
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
58,544
83,018
Taxes and social security
16,126
18,043
8
Creditors: amounts falling due after more than one year
2018
2017
9
Share capital
2018
2017
Allotted, called up and fully paid:
61,000 Ordinary shares of £1 each
61,000
61,000
10
Average number of employees
During the year the average number of employees was 5 (2017: 5).