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Company Registration No. 13033764 (England and Wales)
HIFI VINTAGE LTD Unaudited accounts for the year ended 30 November 2024
HIFI VINTAGE LTD Unaudited accounts Contents
Page
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HIFI VINTAGE LTD Company Information for the year ended 30 November 2024
Directors
Malgorzata Modzelewska Tomasz Jerzy Szadziewski
Company Number
13033764 (England and Wales)
Registered Office
34 LINTHORPE ROAD THE SHAKESPEARE MIDDLESBROUGH TS1 1RD ENGLAND
Accountants
SAS Accountancy Services Ltd 22 Ridley Place Newcastle NE1 8JW
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HIFI VINTAGE LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,862 
5,200 
Current assets
Inventories
113,711 
121,631 
Debtors
88,972 
29,073 
Cash at bank and in hand
25,259 
25,046 
227,942 
175,750 
Creditors: amounts falling due within one year
(170,814)
(134,795)
Net current assets
57,128 
40,955 
Net assets
58,990 
46,155 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
58,988 
46,153 
Shareholders' funds
58,990 
46,155 
For the year ending 30 November 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 3 June 2025 and were signed on its behalf by
Malgorzata Modzelewska Director Company Registration No. 13033764
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HIFI VINTAGE LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
HIFI VINTAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 13033764. The registered office is 34 LINTHORPE ROAD, THE SHAKESPEARE, MIDDLESBROUGH, TS1 1RD, 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 £ sterling.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2023
1,984 
4,000 
1,058 
3,152 
10,194 
Additions
- 
- 
85 
- 
85 
At 30 November 2024
1,984 
4,000 
1,143 
3,152 
10,279 
Depreciation
At 1 December 2023
751 
2,560 
238 
1,445 
4,994 
Charge for the year
185 
1,440 
91 
1,707 
3,423 
At 30 November 2024
936 
4,000 
329 
3,152 
8,417 
Net book value
At 30 November 2024
1,048 
- 
814 
- 
1,862 
At 30 November 2023
1,233 
1,440 
820 
1,707 
5,200 
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HIFI VINTAGE LTD Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
88,731 
29,073 
Other debtors
241 
- 
88,972 
29,073 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,939 
4,000 
Trade creditors
80,555 
60,000 
Taxes and social security
3,813 
6,327 
Other creditors
429 
- 
Loans from directors
80,078 
64,468 
170,814 
134,795 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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