Company Registration No. 01535178 (England and Wales)
Hobby Communications Limited
Unaudited accounts
for the year ended 31 December 2021
Hobby Communications Limited
Unaudited accounts
Contents
Hobby Communications Limited
Company Information
for the year ended 31 December 2021
Directors
Kay Giddy
Dean Alfred Giddy
Company Number
01535178 (England and Wales)
Registered Office
15 Germander Way
Bicester
OX26 3WB
England
Accountants
Tax Ninja Limited
39 Mullein Road
Bicester
Oxfordshire
OX26 3WF
Hobby Communications Limited
Statement of financial position
as at 31 December 2021
Tangible assets
653,459
653,695
Cash at bank and in hand
252,424
193,521
Creditors: amounts falling due within one year
(10,441)
(5,617)
Net current assets
255,518
217,704
Total assets less current liabilities
908,977
871,399
Creditors: amounts falling due after more than one year
(35,723)
(45,885)
Net assets
873,254
825,514
Called up share capital
10,000
10,000
Profit and loss account
863,254
815,514
Shareholders' funds
873,254
825,514
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by
Dean Alfred Giddy
Director
Company Registration No. 01535178
Hobby Communications Limited
Notes to the Accounts
for the year ended 31 December 2021
Hobby Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 01535178. The registered office is 15 Germander Way, Bicester, OX26 3WB, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Hobby Communications Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
652,119
4,392
25,805
682,316
At 31 December 2021
652,119
4,392
25,805
682,316
At 1 January 2021
-
4,379
24,242
28,621
Charge for the year
-
2
234
236
At 31 December 2021
-
4,381
24,476
28,857
At 31 December 2021
652,119
11
1,329
653,459
At 31 December 2020
652,119
13
1,563
653,695
5
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Loans from directors
7,512
5,200
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
24,000
24,000
Taxes and social security
11,723
9,364
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
Hobby Communications Limited
Notes to the Accounts
for the year ended 31 December 2021
9
Average number of employees
During the year the average number of employees was 0 (2020: 2).