1 June 2023 false No description of principal activity Taxfiler 2024.6 06236855business:PrivateLimitedCompanyLtd2023-06-012024-05-31 062368552023-05-31 062368552023-06-012024-05-31 06236855business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 06236855business:FilletedAccounts2023-06-012024-05-31 062368552024-05-31 06236855business:Director12023-06-012024-05-31 06236855business:RegisteredOffice2023-06-012024-05-31 062368552023-05-31 06236855core:WithinOneYear2024-05-31 06236855core:WithinOneYear2023-05-31 06236855core:AfterOneYear2024-05-31 06236855core:AfterOneYear2023-05-31 06236855core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 06236855core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 06236855core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 06236855core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 06236855core:PreviouslyStatedAmount2024-05-31 06236855core:PreviouslyStatedAmount2023-05-31 06236855business:SmallEntities2023-06-012024-05-31 06236855countries:EnglandWales2023-06-012024-05-31 06236855core:ComputerEquipment2023-06-012024-05-31 06236855core:ComputerEquipment2023-05-31 06236855core:ComputerEquipment2024-05-31 06236855core:AfterOneYear2023-06-012024-05-31 062368552022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 06236855 (England and Wales)
Hi-FIVE LIMITED Unaudited accounts for the year ended 31 May 2024
Hi-FIVE LIMITED Unaudited accounts Contents
Page
- 2 -
Hi-FIVE LIMITED Company Information for the year ended 31 May 2024
Director
Gary Charles Davey
Company Number
06236855 (England and Wales)
Registered Office
CREEDS HOUSE SCHOOL LANE GREAT LEIGHS CHELMSFORD ESSEX CM3 1NL ENGLAND
- 3 -
Hi-FIVE LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
786 
- 
Current assets
Inventories
1,127 
1,977 
Debtors
4,149 
4,459 
Cash at bank and in hand
1,057 
1,373 
6,333 
7,809 
Creditors: amounts falling due within one year
(5,349)
(13,484)
Net current assets/(liabilities)
984 
(5,675)
Total assets less current liabilities
1,770 
(5,675)
Creditors: amounts falling due after more than one year
(2,500)
(3,700)
Net liabilities
(730)
(9,375)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(731)
(9,376)
Shareholders' funds
(730)
(9,375)
For the year ending 31 May 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 18 November 2024 and were signed on its behalf by
Gary Charles Davey Director Company Registration No. 06236855
- 4 -
Hi-FIVE LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Hi-FIVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06236855. The registered office is CREEDS HOUSE SCHOOL LANE, GREAT LEIGHS, CHELMSFORD, ESSEX, CM3 1NL, ENGLAND.
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 GBP.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line over 3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
- 
Additions
1,179 
At 31 May 2024
1,179 
Depreciation
Charge for the year
393 
At 31 May 2024
393 
Net book value
At 31 May 2024
786 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,149 
4,459 
- 5 -
Hi-FIVE LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
688 
- 
Loans from directors
4,661 
13,484 
5,349 
13,484 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,500 
3,700 
Loan secured through the Bounce Back Loan Scheme introduced by the Government to support small businesses during the COVID outbreak. Interest payments are paid by the Government for the first 12 months. Repayments for the loan will begin in July 2021.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -