Company Registration No. 4425946 (England and Wales)
Hangar 111 Limited
Unaudited accounts
for the year ended 30 April 2024
Hangar 111 Limited
Unaudited accounts
Contents
Hangar 111 Limited
Company Information
for the year ended 30 April 2024
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 2024
Tangible assets
27,327
21,917
Inventories
231,454
264,657
Cash at bank and in hand
34,303
5,830
Creditors: amounts falling due within one year
(70,954)
(108,896)
Net current assets
286,691
314,441
Total assets less current liabilities
314,018
336,358
Creditors: amounts falling due after more than one year
(61,956)
(52,899)
Net assets
252,062
283,459
Called up share capital
61,000
61,000
Profit and loss account
191,062
222,459
Shareholders' funds
252,062
283,459
For the year ending 30 April 2024 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 14 January 2025 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 2024
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 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
152,111
22,060
22,103
196,274
Additions
12,592
3,046
4,944
20,582
At 30 April 2024
164,703
25,106
27,047
216,856
At 1 May 2023
133,699
22,060
18,598
174,357
Charge for the year
11,820
489
2,863
15,172
At 30 April 2024
145,519
22,549
21,461
189,529
At 30 April 2024
19,184
2,557
5,586
27,327
At 30 April 2023
18,412
-
3,505
21,917
Amounts falling due within one year
Trade debtors
91,888
75,423
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
82,831
98,734
Taxes and social security
(11,877)
10,162
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
60,191
43,843
Allotted, called up and fully paid:
61,000 Ordinary shares of £1 each
61,000
61,000
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).