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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
Page
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Hobby Communications Limited Company Information for the year ended 31 December 2021
Directors
Kay Giddy Dean Alfred Giddy
Secretary
Kay 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
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Hobby Communications Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
653,459 
653,695 
Current assets
Debtors
13,535 
29,800 
Cash at bank and in hand
252,424 
193,521 
265,959 
223,321 
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 
Capital and reserves
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
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Hobby Communications Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Financial instruments
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.
Foreign exchange
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.
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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 
Depreciation
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 
Net book value
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 
£ 
£ 
VAT
113 
- 
Trade debtors
13,422 
- 
13,535 
- 
Debtors: amounts falling due after more than one year
Trade debtors
- 
29,800 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
57 
Trade creditors
1,789 
360 
Loans from directors
7,512 
5,200 
Accruals
1,140 
- 
10,441 
5,617 
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 
Accruals
- 
12,521 
35,723 
45,885 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
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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).
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