REGISTERED NUMBER: 02546927 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Hi-fi City Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Reuss

Mrs R Reuss

SECRETARY:

Mr C M Reuss

REGISTERED OFFICE:

11G The Enterprise Centre

Long Spring

St. Albans

Hertfordshire

AL3 6EN

REGISTERED NUMBER:

02546927 (England and Wales)

ACCOUNTANTS:

Whitemead Accountants Limited

3 Whiteley

Windsor

Berks

SL4 5PJ

FIXED ASSETS

Tangible assets

4

11,672

14,533

CURRENT ASSETS

Stocks

17,050

31,499

Debtors

5

13,392

5,586

Cash at bank

75,991

111,795

106,433

148,880

CREDITORS

Amounts falling due within one year

6

90,053

111,563

NET CURRENT ASSETS

16,380

37,317

TOTAL ASSETS LESS CURRENT LIABILITIES

28,052

51,850

PROVISIONS FOR LIABILITIES

2,470

3,253

NET ASSETS

25,582

48,597

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

25,578

48,593

SHAREHOLDERS' FUNDS

25,582

48,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 30 November 2025 and were signed on its behalf by:

Mr C M Reuss - Director

1.	STATUTORY INFORMATION

Hi-fi City 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

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

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

34,188

Additions

1,731

Disposals

(1,833

)

At 30 June 2025

34,086

DEPRECIATION

At 1 July 2024

19,655

Charge for year

4,223

Eliminated on disposal

(1,464

)

At 30 June 2025

22,414

NET BOOK VALUE

At 30 June 2025

11,672

At 30 June 2024

14,533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

11,392

3,586

Other debtors

2,000

2,000

13,392

5,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

6,232

3,909

Taxation and social security

23,041

24,910

Other creditors

60,780

82,744

90,053

111,563