Company Registration No. 4425946 (England and Wales)
Hangar 111 Limited
Unaudited accounts
for the year ended 30 April 2021
Hangar 111 Limited
Unaudited accounts
Contents
Hangar 111 Limited
Company Information
for the year ended 30 April 2021
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 2021
Tangible assets
68,622
56,565
Investments
31,000
31,000
Inventories
224,633
239,037
Cash at bank and in hand
1,350
-
Creditors: amounts falling due within one year
(66,784)
(54,693)
Net current assets
206,808
209,401
Total assets less current liabilities
306,430
296,966
Creditors: amounts falling due after more than one year
(98,765)
(77,636)
Provisions for liabilities
Other provisions
-
(34,075)
Net assets
207,665
185,255
Called up share capital
61,000
61,000
Profit and loss account
146,665
124,255
Shareholders' funds
207,665
185,255
For the year ending 30 April 2021 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 28 January 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 2021
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 2021
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2020
169,609
22,060
17,975
209,644
Additions
46,171
1,941
3,300
51,412
Disposals
(42,329)
-
-
(42,329)
At 30 April 2021
173,451
24,001
21,275
218,727
At 1 May 2020
118,370
21,673
13,036
153,079
Charge for the year
21,867
387
1,810
24,064
On disposals
(27,038)
-
-
(27,038)
At 30 April 2021
113,199
22,060
14,846
150,105
At 30 April 2021
60,252
1,941
6,429
68,622
At 30 April 2020
51,239
387
4,939
56,565
5
Investments
Other investments
Valuation at 1 May 2020
31,000
Valuation at 30 April 2021
31,000
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
23,649
5,014
Other debtors
23,960
20,043
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
7,803
Trade creditors
58,743
37,798
Taxes and social security
7,540
7,287
Other creditors
501
1,805
8
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
84,736
57,498
Hangar 111 Limited
Notes to the Accounts
for the year ended 30 April 2021
9
Share capital
2021
2020
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 6 (2020: 4).