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Hi-Tech Music Ltd

06531691

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

89 SHIRELAND ROAD, SMETHWICK, B66 4QJ
Incorporated 12/03/2008

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 12/03/2026

Due 26/03/2027

On track

Industry

47630
Retail sale of music and video recordings in specialised stores

Officers

Mohammed Saleem

director · Since 12/03/2008

British

Mohammed Twaseen

director · Since 12/04/2024

British

Mohammed Zabir

director · Since 12/03/2008

British

Former

Mohammed Saleem

secretary · Resigned 24/06/2010

Xl Associates Uk Ltd

corporate secretary · Resigned 19/03/2025

CompanyRankvs 105+ SIC 47630 peers
90

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 8.59× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£2.6M

Balance sheet strength

Cash

£2.3M

Cash in the bank

Net Current Assets

£2.4M

Working capital

Current Assets

£2.8M

Current Liabilities

£321k

Fixed Assets

£128k

Debtors

£399k

11avg. employees

Tax at Year End

Corp tax£121k

People Costs(2024)

Wages & salaries£202k
NI contributions£11k

Balance Sheet

Intangible assets£83k
Assets less current liabilities£2.6M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20258.59+£0
20258.59+£273k
20248.11+£217k
20237.72

Derived from filed accounts. Not audited figures.