REGISTERED NUMBER: 05546988 (England and Wales)

S & H AUDIO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Melville

Mrs H Melville

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

BUSINESS ADDRESS:

c/o Bang & Olufsen of Ealing

17 Bond Street

Ealing

London

W5 5AP

REGISTERED NUMBER:

05546988 (England and Wales)

BANKERS:

HSBC Bank plc

58 High Street

Winchester

Hampshire

SO23 9BZ

FIXED ASSETS

Tangible assets

4

51,776

48,734

CURRENT ASSETS

Stocks

301,012

389,054

Debtors

5

5,000

20,939

Cash at bank

5

6,666

306,017

416,659

CREDITORS

Amounts falling due within one year

6

(292,399

)

(420,764

)

NET CURRENT ASSETS/(LIABILITIES)

13,618

(4,105

)

TOTAL ASSETS LESS CURRENT LIABILITIES

65,394

44,629

CREDITORS

Amounts falling due after more than one year

7

(27,478

)

(34,732

)

PROVISIONS FOR LIABILITIES

(8,016

)

(9,462

)

NET ASSETS

29,900

435

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

29,898

433

SHAREHOLDERS' FUNDS

29,900

435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mr S Melville - Director

Mrs H Melville - Director

1.	STATUTORY INFORMATION

S & H Audio 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer

Tangible fixed assets

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

Fixtures and fittings

-

15% Reducing balance

Motor vehicles

-

25% Reducing balance

Computer equipment

-

Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks

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

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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

165,332

-

17,753

183,085

Additions

-

11,031

875

11,906

At 31 March 2025

165,332

11,031

18,628

194,991

DEPRECIATION

At 1 April 2024

118,775

-

15,576

134,351

Charge for year

6,984

230

1,650

8,864

At 31 March 2025

125,759

230

17,226

143,215

NET BOOK VALUE

At 31 March 2025

39,573

10,801

1,402

51,776

At 31 March 2024

46,557

-

2,177

48,734

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,000

20,939

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,451

10,207

Hire purchase contracts

1,696

-

Sales deposits

109,284

327,278

Trade creditors

74,804

48,908

Taxation and social security

37,854

16,680

Other creditors

36,310

17,691

292,399

420,764

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,770

12,232

Hire purchase contracts

11,541

-

Other creditors

14,167

22,500

27,478

34,732

8.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £157,500 (2024 - £187,500).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £67,518 (2024: £105,525) were made to the company's directors. £76,700 (20024: £100,000) was repaid prior to the year-end. The balance payable to the directors was £7,551 (2024: £1,631 due from the directors).