REGISTERED NUMBER: 09580904 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Best Buy UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Zafar Mahmood

Mrs Nusrat Mahmood

SECRETARY:

REGISTERED OFFICE:

176 Borough Road

Middlesbrough

Cleveland

TS1 2EJ

REGISTERED NUMBER:

09580904 (England and Wales)

ACCOUNTANTS:

Flannagans - Gateshead

7 Bankside

The Watermark

Gateshead

NE11 9SY

FIXED ASSETS

Intangible assets

4

48,000

72,000

Tangible assets

5

11,095

11,335

59,095

83,335

CURRENT ASSETS

Stocks

88,720

85,250

Debtors

6

175,560

175,689

Cash at bank and in hand

654,452

485,662

918,732

746,601

CREDITORS

Amounts falling due within one year

7

338,406

301,961

NET CURRENT ASSETS

580,326

444,640

TOTAL ASSETS LESS CURRENT LIABILITIES

639,421

527,975

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

639,419

527,973

SHAREHOLDERS' FUNDS

639,421

527,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 August 2025 and were signed on its behalf by:

Mr Zafar Mahmood - Director

1.	STATUTORY INFORMATION

Best Buy UK Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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

-

15% on cost

Stocks

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

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 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

240,000

AMORTISATION

At 1 August 2024

168,000

Charge for year

24,000

At 31 July 2025

192,000

NET BOOK VALUE

At 31 July 2025

48,000

At 31 July 2024

72,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

38,939

Additions

2,967

At 31 July 2025

41,906

DEPRECIATION

At 1 August 2024

27,604

Charge for year

3,207

At 31 July 2025

30,811

NET BOOK VALUE

At 31 July 2025

11,095

At 31 July 2024

11,335

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

560

689

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

175,000

175,000

Aggregate amounts

175,560

175,689

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

46,143

14,653

Other creditors

292,263

287,308

338,406

301,961

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Zafar Mahmood.