Company Registration No. 4425946 (England and Wales)
Hangar 111 Limited
Unaudited accounts
for the year ended 30 April 2022
Hangar 111 Limited
Unaudited accounts
Contents
Hangar 111 Limited
Company Information
for the year ended 30 April 2022
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
1 Lower Barn Road
Baylham
Ipswich
IP6 8FW
Hangar 111 Limited
Statement of financial position
as at
30 April 2022
Tangible assets
37,496
68,235
Investments
54,890
31,000
Inventories
252,934
224,633
Cash at bank and in hand
1,910
1,350
Creditors: amounts falling due within one year
(100,216)
(66,784)
Net current assets
177,676
206,808
Total assets less current liabilities
270,062
306,043
Creditors: amounts falling due after more than one year
(86,089)
(98,378)
Net assets
183,973
207,665
Called up share capital
61,000
61,000
Profit and loss account
122,973
146,665
Shareholders' funds
183,973
207,665
For the year ending 30 April 2022 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.
The financial statements were approved by the Board and authorised for issue on 1 November 2022 and were signed on its behalf by
G G Lock
Director
Company Registration No. 4425946
Hangar 111 Limited
Notes to the Accounts
for the year ended 30 April 2022
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 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2021
175,392
22,060
21,275
218,727
Disposals
(23,845)
-
-
(23,845)
At 30 April 2022
151,547
22,060
21,433
195,040
At 1 May 2021
113,586
22,060
14,846
150,492
Charge for the year
17,252
-
1,722
18,974
On disposals
(11,922)
-
-
(11,922)
At 30 April 2022
118,916
22,060
16,568
157,544
At 30 April 2022
32,631
-
4,865
37,496
At 30 April 2021
61,806
-
6,429
68,235
5
Investments
Other investments
Valuation at 1 May 2021
31,000
Valuation at 30 April 2022
54,890
Amounts falling due within one year
Trade debtors
23,048
23,649
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,500
-
Trade creditors
89,861
58,743
Taxes and social security
2,855
7,540
Hangar 111 Limited
Notes to the Accounts
for the year ended 30 April 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
81,157
84,349
9
Share capital
2022
2021
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 (2021: 6).