Company Registration No. 04771525 (England and Wales)
HiFi Collective Limited
Unaudited accounts
for the year ended 31 May 2025
HiFi Collective Limited
Unaudited accounts
Contents
HiFi Collective Limited
Company Information
for the year ended 31 May 2025
Company Number
04771525 (England and Wales)
Registered Office
Glanyrafon
30 Walters Road
Swansea
SA9 2FH
United Kingdom
Accountants
Accounts and Payroll Ltd
30 Walters Road
Cwmllynfell
Swansea
SA9 2FH
HiFi Collective Limited
Statement of financial position
as at 31 May 2025
Tangible assets
479,457
490,205
Inventories
1,831,671
1,824,328
Cash at bank and in hand
1,333,510
1,141,514
Creditors: amounts falling due within one year
(70,943)
(87,154)
Net current assets
3,116,653
2,905,686
Net assets
3,596,110
3,395,891
Called up share capital
2
2
Profit and loss account
3,596,108
3,395,889
Shareholders' funds
3,596,110
3,395,891
For the year ending 31 May 2025 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 2 December 2025 and were signed on its behalf by
N Lucas
Director
Company Registration No. 04771525
HiFi Collective Limited
Notes to the Accounts
for the year ended 31 May 2025
HiFi Collective Limited is a private company, limited by shares, registered in England and Wales, registration number 04771525. The registered office is Glanyrafon, 30 Walters Road, Swansea, SA9 2FH, United Kingdom.
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.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 June 2024
441,013
36,075
42,386
33,412
8,010
560,896
Additions
-
-
-
1,066
999
2,065
At 31 May 2025
441,013
36,075
42,386
34,478
9,009
562,961
At 1 June 2024
-
26,922
10,596
28,273
4,900
70,691
Charge for the year
-
2,288
7,947
1,551
1,027
12,813
At 31 May 2025
-
29,210
18,543
29,824
5,927
83,504
At 31 May 2025
441,013
6,865
23,843
4,654
3,082
479,457
At 31 May 2024
441,013
9,153
31,790
5,139
3,110
490,205
Amounts falling due within one year
Trade debtors
12,861
7,282
HiFi Collective Limited
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
(22,598)
8,749
Taxes and social security
92,282
77,426
Loans from directors
1,924
979
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).