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REGISTERED NUMBER: 01821369 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Hangate Limited

Hangate Limited (Registered number: 01821369)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hangate Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Gascoyne
Mrs J Gascoyne
T Gascoyne





SECRETARY: Mrs J Gascoyne





REGISTERED OFFICE: Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR





REGISTERED NUMBER: 01821369 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Hangate Limited (Registered number: 01821369)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,084 2,633

CURRENT ASSETS
Stocks 1,993,318 2,139,740
Debtors 5 16,307 21,551
Cash at bank 95,320 181,097
2,104,945 2,342,388
CREDITORS
Amounts falling due within one year 6 1,286,951 1,571,101
NET CURRENT ASSETS 817,994 771,287
TOTAL ASSETS LESS CURRENT LIABILITIES 838,078 773,920

CREDITORS
Amounts falling due after more than one year 7 (19,678 ) -

PROVISIONS FOR LIABILITIES (5,021 ) (500 )
NET ASSETS 813,379 773,420

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 813,377 773,418
SHAREHOLDERS' FUNDS 813,379 773,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




M Gascoyne - Director


Hangate Limited (Registered number: 01821369)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hangate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoice value of goods sold/services provided net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2023 14,795
Additions 24,145
At 30 June 2024 38,940
DEPRECIATION
At 1 July 2023 12,162
Charge for year 6,694
At 30 June 2024 18,856
NET BOOK VALUE
At 30 June 2024 20,084
At 30 June 2023 2,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 16,307 21,551

Hangate Limited (Registered number: 01821369)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 300,368
Hire purchase contracts 4,163 -
Trade creditors 7,445 56,729
Taxation and social security 23,650 5,156
Other creditors 1,251,693 1,208,848
1,286,951 1,571,101

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 19,678 -

8. ULTIMATE CONTROLLING PARTY

Mr and Mrs Gascoyne are the ultimate controlling party as they each hold a share in the company.