Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-03-01falseNo description of principal activity11truetrue 11830468 2022-03-01 2023-02-28 11830468 2021-03-01 2022-02-28 11830468 2023-02-28 11830468 2022-02-28 11830468 c:Director1 2022-03-01 2023-02-28 11830468 d:MotorVehicles 2022-03-01 2023-02-28 11830468 d:MotorVehicles 2023-02-28 11830468 d:MotorVehicles 2022-02-28 11830468 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 11830468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 11830468 d:OfficeEquipment 2022-03-01 2023-02-28 11830468 d:OfficeEquipment 2023-02-28 11830468 d:OfficeEquipment 2022-02-28 11830468 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 11830468 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 11830468 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 11830468 d:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 11830468 d:CurrentFinancialInstruments 2023-02-28 11830468 d:CurrentFinancialInstruments 2022-02-28 11830468 d:Non-currentFinancialInstruments 2023-02-28 11830468 d:Non-currentFinancialInstruments 2022-02-28 11830468 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11830468 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11830468 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11830468 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 11830468 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 11830468 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-02-28 11830468 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 11830468 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 11830468 d:ShareCapital 2023-02-28 11830468 d:ShareCapital 2022-02-28 11830468 d:RetainedEarningsAccumulatedLosses 2023-02-28 11830468 d:RetainedEarningsAccumulatedLosses 2022-02-28 11830468 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 11830468 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 11830468 c:OrdinaryShareClass1 2022-03-01 2023-02-28 11830468 c:OrdinaryShareClass1 2023-02-28 11830468 c:OrdinaryShareClass1 2022-02-28 11830468 c:OrdinaryShareClass2 2022-03-01 2023-02-28 11830468 c:OrdinaryShareClass2 2023-02-28 11830468 c:OrdinaryShareClass2 2022-02-28 11830468 c:FRS102 2022-03-01 2023-02-28 11830468 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11830468 c:FullAccounts 2022-03-01 2023-02-28 11830468 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11830468 2 2022-03-01 2023-02-28 11830468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-28 11830468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-02-28 11830468 d:LeasedAssetsHeldAsLessee 2023-02-28 11830468 d:LeasedAssetsHeldAsLessee 2022-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11830468










HICKS T LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
HICKS T LIMITED
REGISTERED NUMBER: 11830468

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,354
55,987

  
48,354
55,987

Current assets
  

Stocks
  
151,742
98,793

Debtors: amounts falling due within one year
 5 
53,476
57,835

Cash at bank and in hand
 6 
52,862
56,794

  
258,080
213,422

Creditors: amounts falling due within one year
 7 
(163,435)
(111,948)

Net current assets
  
 
 
94,645
 
 
101,474

Total assets less current liabilities
  
142,999
157,461

Creditors: amounts falling due after more than one year
 8 
(62,728)
(85,140)

Provisions for liabilities
  

Deferred tax
 10 
(9,187)
(10,638)

  
 
 
(9,187)
 
 
(10,638)

Net assets
  
71,084
61,683


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
71,083
61,682

  
71,084
61,683


Page 1

 
HICKS T LIMITED
REGISTERED NUMBER: 11830468
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 November 2023.




Tom Hicks
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Hicks T Limited, 11830468, is a private limited company, limited by shares, incorporated in England and Wales, with its registered office at Ivanhale Whitchurch Road, Prees, Whitchurch, United Kingdom, SY13 2DD.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
15%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2022
88,081
3,266
91,347


Additions
-
1,076
1,076



At 28 February 2023

88,081
4,342
92,423



Depreciation


At 1 March 2022
33,988
1,372
35,360


Charge for the year on owned assets
-
595
595


Charge for the year on financed assets
8,114
-
8,114



At 28 February 2023

42,102
1,967
44,069



Net book value



At 28 February 2023
45,979
2,375
48,354



At 28 February 2022
54,093
1,894
55,987

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
45,979
54,093
Page 6

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

           4.Tangible fixed assets (continued)


45,979
54,093

Page 7

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
53,476
57,835

53,476
57,835



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
52,862
56,794

52,862
56,794



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,649
9,741

Trade creditors
15,949
10,137

Taxation and social security
18,081
22,777

Obligations under finance lease and hire purchase contracts
12,583
12,310

Other creditors
104,698
54,633

Accruals and deferred income
2,475
2,350

163,435
111,948


Page 8

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,397
32,954

Net obligations under finance leases and hire purchase contracts
39,331
52,186

62,728
85,140



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,649
9,741


9,649
9,741

Amounts falling due 1-2 years

Bank loans
9,649
9,741


9,649
9,741

Amounts falling due 2-5 years

Bank loans
13,748
23,214


13,748
23,214


33,046
42,696


Page 9

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

10.


Deferred taxation




2023


£






At beginning of year
(10,638)


Charged to profit or loss
1,451



At end of year
(9,187)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(9,187)
(10,638)

(9,187)
(10,638)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



51 (2022 - 51) Ordinary A shares of £0.01 each
1
1
49 (2022 - 49) Ordinary B shares of £0.01 each
-
-

1

1


 
Page 10