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
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
Hi-FIVE LIMITED
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
1,057
1,373
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)
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
Hi-FIVE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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 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
Amounts falling due within one year
Hi-FIVE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
4,661
13,484
7
Creditors: amounts falling due after more than one year
2024
2023
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).