Hi-Fi Care Limited
Hi-Fi Care Limited
Registered number: 02607787
Director's Report and
Unaudited Financial Statements
For The Year Ended 30 June 2016
The JMO Practice
Chartered Accountants
Level 17
Dashwood House
69 Old Broad Street
London
EC2M 1QS
Hi-Fi Care Limited
Director's Report and Financial Statements
For The Year Ended 30 June 2016
Director's Report and Financial Statements
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| Company Information | 1 |
| Director's Report | 2 |
| Accountants' Report | 3 |
| Dormant Profit and Loss Account Statement | 4 |
| Balance Sheet | 5—6 |
| Notes to the Accounts | 7—8 |
Hi-Fi Care Limited
Company Information
For The Year Ended 30 June 2016
Company Information
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Page 1
Hi-Fi Care Limited
Company No. 02607787
Director's Report For The Year Ended 30 June 2016
Director's Report
The director presents his report and the financial statements for the year ended 30 June 2016 .
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal Activity
The company is dormant and has not traded during the year or subsequent to the year end.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
Hi-Fi Care Limited
Accountants' Report
For The Year Ended 30 June 2016
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Hi-Fi Care Limited For The Year Ended 30 June 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hi-Fi Care Limited For The Year Ended 30 June 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the director of Hi-Fi Care Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Hi-Fi Care Limited and state those matters that we have agreed to state to the director of Hi-Fi Care Limited , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hi-Fi Care Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Hi-Fi Care Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Hi-Fi Care Limited . You consider that Hi-Fi Care Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Hi-Fi Care Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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31 March 2017
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The JMO Practice
Chartered Accountants
Level 17
Dashwood House
69 Old Broad Street
London
EC2M 1QS
Page 3
Hi-Fi Care Limited
Dormant Profit and Loss Account Statement
For The Year Ended 30 June 2016
Dormant Profit and Loss Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 4
Hi-Fi Care Limited
Balance Sheet
As at
30 June 2016
Balance Sheet
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| Notes | £ | £ | £ | £ | |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Page 5
Hi-Fi Care Limited
Balance Sheet (continued)
As at
30 June 2016
Director's responsibilities
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The member has 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Page 6
Hi-Fi Care Limited
Notes to the Unaudited Accounts
For The Year Ended 30 June 2016
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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Intangible Assets
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Debtors
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| Other debtors |
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| Connected company | 63,406 | 63,406 | |
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Page 7
Hi-Fi Care Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2016
4.
Creditors: Amounts Falling Due Within One Year
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| Corporation tax |
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| Other creditors |
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| Accruals and deferred income |
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6.
Ultimate Controlling Party
The company's ultimate controlling party is Mr N D Shah by virtue of his ownership of 100% of the issued share capital in the company.
Page 8