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REGISTERED NUMBER: 10927859 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ROBERT HICKS & SONS LTD

ROBERT HICKS & SONS LTD (REGISTERED NUMBER: 10927859)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBERT HICKS & SONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr Robert Hicks
Mrs Nichola Claire Hicks





REGISTERED OFFICE: The Maltings
2 Anderson Road
Bearwood
Birmingham
West Midlands
B66 4AR





REGISTERED NUMBER: 10927859 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

ROBERT HICKS & SONS LTD (REGISTERED NUMBER: 10927859)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,334
Tangible assets 5 70,157 45,733
70,157 49,067

CURRENT ASSETS
Stocks 25,000 26,000
Debtors 6 36,419 25,265
Cash at bank 30,550 40,806
91,969 92,071
CREDITORS
Amounts falling due within one year 7 92,064 75,143
NET CURRENT (LIABILITIES)/ASSETS (95 ) 16,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,062

65,995

CREDITORS
Amounts falling due after more than one
year

8

(56,966

)

(52,651

)

PROVISIONS FOR LIABILITIES 9 (10,851 ) (4,777 )
NET ASSETS 2,245 8,567

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2,241 8,563
SHAREHOLDERS' FUNDS 2,245 8,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

ROBERT HICKS & SONS LTD (REGISTERED NUMBER: 10927859)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 10 November 2023 and were signed on its behalf by:





Mr Robert Hicks - Director


ROBERT HICKS & SONS LTD (REGISTERED NUMBER: 10927859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Robert Hicks & Sons 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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - Straight line over 4 years

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.

ROBERT HICKS & SONS LTD (REGISTERED NUMBER: 10927859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 16,674
AMORTISATION
At 1 March 2022 13,340
Amortisation for year 3,334
At 28 February 2023 16,674
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 3,334

ROBERT HICKS & SONS LTD (REGISTERED NUMBER: 10927859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 70,077 400 70,477
Additions 36,337 - 36,337
Disposals (9,341 ) - (9,341 )
At 28 February 2023 97,073 400 97,473
DEPRECIATION
At 1 March 2022 24,344 400 24,744
Charge for year 7,037 - 7,037
Eliminated on disposal (4,465 ) - (4,465 )
At 28 February 2023 26,916 400 27,316
NET BOOK VALUE
At 28 February 2023 70,157 - 70,157
At 28 February 2022 45,733 - 45,733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,327 8,320
Prepayments and accrued income 33,092 16,945
36,419 25,265

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 9,606 9,606
Hire purchase contracts 12,331 3,330
Trade creditors 25,343 20,508
Tax 4,854 3,776
Social security and other taxes 168 29,486
VAT 1,972 7,900
Other creditors 431 334
Directors' current accounts 36,799 30
Accrued expenses 560 173
92,064 75,143

ROBERT HICKS & SONS LTD (REGISTERED NUMBER: 10927859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 9,849 9,849
Bank loans - 2-5 years 17,009 26,616
Hire purchase contracts 30,108 16,186
56,966 52,651

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 10,851 4,777

Deferred
tax
£   
Balance at 1 March 2022 4,777
Accelerated capital allowances 6,074
Balance at 28 February 2023 10,851