| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
422 |
|
|
459 |
| Current assets |
|
163,800 |
|
|
102,976 |
|
| Prepayments and accrued income |
|
1,505 |
|
|
1,505 |
|
| Creditors: amount falling due within one year |
|
(4,237) |
|
|
(3,969) |
|
|
Net current assets
|
|
|
161,068
|
|
|
100,512
|
|
Total assets less current liabilities
|
|
|
161,490 |
|
|
100,971 |
| Accruals and deferred income |
|
|
(115,896) |
|
|
(26,993) |
|
Net assets
|
|
|
45,594 |
|
|
73,978 |
| |
|
|
|
|
|
|
|
Equity
|
|
|
45,594 |
|
|
73,978 |
| |
NOTES TO THE ACCOUNTS
General Information
Hyfinity Limited is a private company, limited by shares, registered in England and Wales, registration number 04136884, registration address Blythe Valley Innovation Centre, Central Boulevard, Blythe Valley Park, Solihull, West Midlands, B90 8AJ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Revenue recognition
Revenue is recognised on the sale of products when they are shipped, all significant contractual obligations have been satisfied and the collection of the resulting revenues is reasonably assured.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included in the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
33.33% Straight Line
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
4,131 |
|
4,131 |
| Additions |
633 |
|
633 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
4,764 |
|
4,764 |
| Depreciation |
| At 01 April 2024 |
3,672 |
|
3,672 |
| Charge for year |
670 |
|
670 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
4,342 |
|
4,342 |
| Net book values |
| Closing balance as at 31 March 2025 |
422 |
|
422 |
| Opening balance as at 01 April 2024 |
459 |
|
459 |
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 4. |
Related parties
During the year the company entered into the following transactions with related parties: | Amount due from/to related party | | Provision for doubtful debt from the related party |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Kayamark Limited | 51,000 | | 91,500 | | - | | - | | Dappledark Studios Limited | 1,500 | | 1,500 | | - | | - |
During 2019 the company granted a loan of £100,000 to Kayamark Limited, a company in which A Kayam Esq is a director and controlling shareholder. An amount of £40,500 was repaid during the year. During 2021 the company granted a loan of £1,000 to Dappledark Studios Limited, a company in which A Kayam Esq is a director and controlling shareholder. A further £500 was advanced during 2023. |
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 25 November 2025 and were signed by: --------------------------------
A Kayam Esq
Director |
2
|