IRIS Accounts Production v24.2.0.383 06505042 Board of Directors 28.8.22 27.8.23 27.8.23 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 E Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065050422022-08-27065050422023-08-27065050422022-08-282023-08-27065050422021-08-27065050422021-08-282022-08-27065050422022-08-2706505042ns15:EnglandWales2022-08-282023-08-2706505042ns14:PoundSterling2022-08-282023-08-2706505042ns10:Director12022-08-282023-08-2706505042ns10:PrivateLimitedCompanyLtd2022-08-282023-08-2706505042ns10:SmallEntities2022-08-282023-08-2706505042ns10:AuditExempt-NoAccountantsReport2022-08-282023-08-2706505042ns10:SmallCompaniesRegimeForDirectorsReport2022-08-282023-08-2706505042ns10:SmallCompaniesRegimeForAccounts2022-08-282023-08-2706505042ns10:FullAccounts2022-08-282023-08-2706505042ns10:OrdinaryShareClass12022-08-282023-08-2706505042ns10:OrdinaryShareClass22022-08-282023-08-2706505042ns10:OrdinaryShareClass32022-08-282023-08-2706505042ns10:OrdinaryShareClass42022-08-282023-08-2706505042ns10:OrdinaryShareClass52022-08-282023-08-2706505042ns10:Director22022-08-282023-08-2706505042ns10:Director32022-08-282023-08-2706505042ns10:CompanySecretary12022-08-282023-08-2706505042ns10:RegisteredOffice2022-08-282023-08-2706505042ns5:CurrentFinancialInstruments2023-08-2706505042ns5:CurrentFinancialInstruments2022-08-2706505042ns5:Non-currentFinancialInstruments2023-08-2706505042ns5:Non-currentFinancialInstruments2022-08-2706505042ns5:ShareCapital2023-08-2706505042ns5:ShareCapital2022-08-2706505042ns5:RetainedEarningsAccumulatedLosses2023-08-2706505042ns5:RetainedEarningsAccumulatedLosses2022-08-2706505042ns5:FurnitureFittings2022-08-2706505042ns5:ComputerEquipment2022-08-2706505042ns5:FurnitureFittings2023-08-2706505042ns5:ComputerEquipment2023-08-2706505042ns5:FurnitureFittings2022-08-2706505042ns5:ComputerEquipment2022-08-2706505042ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-2706505042ns5:WithinOneYearns5:CurrentFinancialInstruments2022-08-2706505042ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-2706505042ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-08-2706505042ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-2706505042ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-2706505042ns5:Secured2023-08-2706505042ns5:Secured2022-08-2706505042ns10:OrdinaryShareClass12023-08-2706505042ns10:OrdinaryShareClass22023-08-2706505042ns10:OrdinaryShareClass32023-08-2706505042ns10:OrdinaryShareClass42023-08-2706505042ns10:OrdinaryShareClass52023-08-27
REGISTERED NUMBER: 06505042 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 AUGUST 2023

FOR

HUDDERSFIELD HI-FI LIMITED

HUDDERSFIELD HI-FI LIMITED (REGISTERED NUMBER: 06505042)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUDDERSFIELD HI-FI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 AUGUST 2023







DIRECTORS: Mrs A Chadwick
H S Chadwick
R S Chadwick





SECRETARY: Mrs A Chadwick





REGISTERED OFFICE: 2 Close Lea Avenue
Brighouse
HD6 3DE





REGISTERED NUMBER: 06505042 (England and Wales)






HUDDERSFIELD HI-FI LIMITED (REGISTERED NUMBER: 06505042)

BALANCE SHEET
27 AUGUST 2023

27.8.23 27.8.22
Notes £    £   
CURRENT ASSETS
Stocks 198,471 238,425
Debtors 5 7,456 484
Cash at bank and in hand 1,451 2,197
207,378 241,106
CREDITORS
Amounts falling due within one year 6 292,158 323,671
NET CURRENT LIABILITIES (84,780 ) (82,565 )
TOTAL ASSETS LESS CURRENT LIABILITIES (84,780 ) (82,565 )

CREDITORS
Amounts falling due after more than
one year

7

26,421

30,396
NET LIABILITIES (111,201 ) (112,961 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (111,301 ) (113,061 )
SHAREHOLDERS' FUNDS (111,201 ) (112,961 )

HUDDERSFIELD HI-FI LIMITED (REGISTERED NUMBER: 06505042)

BALANCE SHEET - continued
27 AUGUST 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mrs A Chadwick - Director


HUDDERSFIELD HI-FI LIMITED (REGISTERED NUMBER: 06505042)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 AUGUST 2023

1. STATUTORY INFORMATION

Huddersfield Hi-Fi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of audio systems is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings- 10% on cost
Computer equipment- 33% reducing balance

HUDDERSFIELD HI-FI LIMITED (REGISTERED NUMBER: 06505042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have indicated a willingness to support the company financially for the foreseeable future.

As such, the directors are of the opinion that the company will be able to finance its operations and other obligations for a period of at least twelve months from the date of approval of the financial statements and are of the opinion that it is correct to prepare these financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

HUDDERSFIELD HI-FI LIMITED (REGISTERED NUMBER: 06505042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 28 August 2022
and 27 August 2023 39,139 10,312 49,451
DEPRECIATION
At 28 August 2022
and 27 August 2023 39,139 10,312 49,451
NET BOOK VALUE
At 27 August 2023 - - -
At 27 August 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.8.23 27.8.22
£    £   
Trade debtors 7,456 -
Other debtors - 484
7,456 484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.8.23 27.8.22
£    £   
Bank loans and overdrafts 19,143 19,143
Trade creditors 23,427 54,841
Amounts owed to group undertakings 101,139 81,338
Social security and other taxes 11,274 12,170
VAT 10,531 21,992
Directors' current accounts 101,318 112,546
Accruals and deferred income 25,326 21,641
292,158 323,671

HUDDERSFIELD HI-FI LIMITED (REGISTERED NUMBER: 06505042)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27.8.23 27.8.22
£    £   
Bank loans - 1-2 years 13,419 13,419
Bank loans - 2-5 years 13,002 16,977
26,421 30,396

8. SECURED DEBTS

The following secured debts are included within creditors:

27.8.23 27.8.22
£    £   
Bank loans 45,564 49,539

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.8.23 27.8.22
value: £    £   
38 A Ordinary £1 38 38
37 B Ordinary £1 37 37
10 C Ordinary £1 10 10
5 D Ordinary £1 5 5
10 E Ordinary £1 10 10
100 100