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REGISTERED NUMBER: 04558066 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HICKS & SON LIMITED

HICKS & SON LIMITED (REGISTERED NUMBER: 04558066)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HICKS & SON LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G Hicks





REGISTERED OFFICE: 3 The Chapmans
Tilehouse Street
Hitchin
Hertfordshire
SG5 2TS





REGISTERED NUMBER: 04558066 (England and Wales)





ACCOUNTANTS: Mark Burrows Limited
Chartered Accountants
3 The Chapmans
Tilehouse Street
Hitchin
Hertfordshire
SG5 2TS

HICKS & SON LIMITED (REGISTERED NUMBER: 04558066)

Abridged Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,058 55,569

CURRENT ASSETS
Stocks 2,238 4,444
Debtors 7,209 5,214
Prepayments and accrued income 2,060 1,833
Cash at bank and in hand 7,393 9,424
18,900 20,915
CREDITORS
Amounts falling due within one year 43,417 36,582
NET CURRENT LIABILITIES (24,517 ) (15,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,541

39,902

CREDITORS
Amounts falling due after more than one
year

(12,363

)

(24,725

)

PROVISIONS FOR LIABILITIES (9,321 ) (10,558 )

ACCRUALS AND DEFERRED INCOME (2,000 ) (2,000 )
NET ASSETS 857 2,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 757 2,519
SHAREHOLDERS' FUNDS 857 2,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HICKS & SON LIMITED (REGISTERED NUMBER: 04558066)

Abridged Balance Sheet - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





G Hicks - Director


HICKS & SON LIMITED (REGISTERED NUMBER: 04558066)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hicks & Son Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Equipment - 25% on reducing balance

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.

HICKS & SON LIMITED (REGISTERED NUMBER: 04558066)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 64,550
DEPRECIATION
At 1 January 2023 8,981
Charge for year 6,511
At 31 December 2023 15,492
NET BOOK VALUE
At 31 December 2023 49,058
At 31 December 2022 55,569

HICKS & SON LIMITED (REGISTERED NUMBER: 04558066)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023
and 31 December 2023 59,050
DEPRECIATION
At 1 January 2023 5,905
Charge for year 5,905
At 31 December 2023 11,810
NET BOOK VALUE
At 31 December 2023 47,240
At 31 December 2022 53,145

5. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 24,726 37,088

The hire purchase liability is secured against the asset to which it relates.