Company Registration No. SC664887 (Scotland)
Hi Social Ltd
Unaudited accounts
for the year ended 30 June 2024
Hi Social Ltd
Unaudited accounts
Contents
Hi Social Ltd
Company Information
for the year ended 30 June 2024
Directors
H Wilkinson
D Wilkinson
Company Number
SC664887 (Scotland)
Registered Office
1 Wellington Square
Ayr
KA7 1EN
Scotland
Hi Social Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
5,749
12,204
Creditors: amounts falling due within one year
(1,240)
(6,922)
Net current assets
5,635
6,255
Called up share capital
100
100
Profit and loss account
5,535
6,155
Shareholders' funds
5,635
6,255
For the year ending 30 June 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 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 2 August 2024 and were signed on its behalf by
H Wilkinson
Director
Company Registration No. SC664887
Hi Social Ltd
Notes to the Accounts
for the year ended 30 June 2024
Hi Social Ltd is a private company, limited by shares, registered in Scotland, registration number SC664887. The registered office is 1 Wellington Square, Ayr, KA7 1EN, Scotland.
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 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 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Amounts falling due within one year
Accrued income and prepayments
-
973
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
799
875
Hi Social Ltd
Notes to the Accounts
for the year ended 30 June 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Included in other debtors
-
1,126
-
1,126
The loan will be repaid in full within nine months of the yearend.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).