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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
Page
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Hangar 111 Limited Company Information for the year ended 30 April 2024
Director
G G Lock
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
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Hangar 111 Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,327 
21,917 
Current assets
Inventories
231,454 
264,657 
Debtors
91,888 
152,850 
Cash at bank and in hand
34,303 
5,830 
357,645 
423,337 
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 
Capital and reserves
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
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Hangar 111 Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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 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
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.
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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 
Depreciation
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 
Net book value
At 30 April 2024
19,184 
2,557 
5,586 
27,327 
At 30 April 2023
18,412 
- 
3,505 
21,917 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
91,888 
75,423 
Amounts falling due after more than one year
Other debtors
- 
77,427 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
82,831 
98,734 
Taxes and social security
(11,877)
10,162 
70,954 
108,896 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,765 
5,569 
Loans from directors
60,191 
43,843 
Accruals
- 
3,487 
61,956 
52,899 
8
Share capital
2024 
2023 
£ 
£ 
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).
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