REGISTERED NUMBER: 08823360 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HANGER19 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Large

Ms S J Leach

REGISTERED OFFICE:

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

REGISTERED NUMBER:

08823360 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Intangible assets

4

61,370

-

Tangible assets

5

58,481

69,586

Investments

6

100

100

119,951

69,686

CURRENT ASSETS

Stocks

7

47,500

32,000

Debtors

8

169,699

369,003

Cash at bank and in hand

303,272

97,422

520,471

498,425

CREDITORS

Amounts falling due within one year

9

101,029

165,182

NET CURRENT ASSETS

419,442

333,243

TOTAL ASSETS LESS CURRENT LIABILITIES

539,393

402,929

CREDITORS

Amounts falling due after more than one year

10

(295,823

)

(19,893

)

PROVISIONS FOR LIABILITIES

12

-

(13,221

)

NET ASSETS

243,570

369,815

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

243,470

369,715

SHAREHOLDERS' FUNDS

243,570

369,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr S Large - Director

1.	STATUTORY INFORMATION

Hanger19 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Tangible and intangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Trademark

costs

Totals

£

£

£

COST

At 1 January 2024

250

-

250

Additions

-

64,267

64,267

At 31 December 2024

250

64,267

64,517

AMORTISATION

At 1 January 2024

250

-

250

Amortisation for year

-

2,897

2,897

At 31 December 2024

250

2,897

3,147

NET BOOK VALUE

At 31 December 2024

-

61,370

61,370

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

22,035

83,448

25,828

131,311

Additions

760

-

6,990

7,750

At 31 December 2024

22,795

83,448

32,818

139,061

DEPRECIATION

At 1 January 2024

12,182

25,202

24,341

61,725

Charge for year

2,545

14,562

1,748

18,855

At 31 December 2024

14,727

39,764

26,089

80,580

NET BOOK VALUE

At 31 December 2024

8,068

43,684

6,729

58,481

At 31 December 2023

9,853

58,246

1,487

69,586

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

27,798

DEPRECIATION

At 1 January 2024

869

Charge for year

6,732

At 31 December 2024

7,601

NET BOOK VALUE

At 31 December 2024

20,197

At 31 December 2023

26,929

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Park&Recharge Ltd

Registered office: 4 Grovelands Boundary Way, Hemel Hempstead, Hertfordshire, HP2 7TE

Nature of business: Business and domestic software development

%

Class of shares:

holding

Ordinary

100.00

7.

STOCKS

31.12.24

31.12.23

£

£

Stocks

47,500

32,000

8.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

56,712

264,694

Other debtors

2,084

1,525

Tax

7,815

-

Value added tax

15,840

-

Deferred tax asset

5,425

-

Prepayments and accrued income

81,335

53,300

Prepayments

488

486

169,699

320,005

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

48,998

Aggregate amounts

169,699

369,003

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 11)

19,893

2,997

Trade creditors

66,157

71,438

Taxation

-

9,837

Social security and other taxes

10,512

8,756

Value added tax

-

30,791

Other creditors

-

12,397

Directors' current accounts

3,218

27,319

Accruals and deferred income

1,249

1,647

101,029

165,182

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 11)

-

19,893

Amounts owed to group undertakings

295,823

-

295,823

19,893

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

19,893

2,997

Between one and five years

-

19,893

19,893

22,890

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

-

20,340

12.	PROVISIONS FOR LIABILITIES

31.12.23

£

Deferred tax

Accelerated capital allowances

13,221

Deferred

tax

£

Balance at 1 January 2024

13,221

Provided during year

(18,646

)

Balance at 31 December 2024

(5,425

)

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100