Company Registration No. 4425946 (England and Wales)
Hangar 111 Limited
Unaudited accounts
for the year ended 30 April 2023
Hangar 111 Limited
Unaudited accounts
Contents
Hangar 111 Limited
Company Information
for the year ended 30 April 2023
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 2023
Tangible assets
21,917
37,496
Inventories
264,657
252,934
Cash at bank and in hand
5,830
1,910
Creditors: amounts falling due within one year
(108,896)
(100,216)
Net current assets
237,014
177,676
Total assets less current liabilities
258,931
270,062
Creditors: amounts falling due after more than one year
(47,330)
(86,089)
Net assets
211,601
183,973
Called up share capital
61,000
61,000
Profit and loss account
150,601
122,973
Shareholders' funds
211,601
183,973
For the year ending 30 April 2023 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 4 January 2024 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 2023
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 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
151,547
22,060
21,433
195,040
At 30 April 2023
152,111
22,060
22,103
196,274
At 1 May 2022
118,916
22,060
16,568
157,544
Charge for the year
14,783
-
2,030
16,813
At 30 April 2023
133,699
22,060
18,598
174,357
At 30 April 2023
18,412
-
3,505
21,917
At 30 April 2022
32,631
-
4,865
37,496
5
Investments
Other investments
Valuation at 1 May 2022
54,890
Valuation at 30 April 2023
-
Amounts falling due within one year
Trade debtors
75,423
23,048
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
7,500
Trade creditors
98,734
89,861
Taxes and social security
10,162
2,855
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
38,274
81,157
Hangar 111 Limited
Notes to the Accounts
for the year ended 30 April 2023
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 (2022: 5).