IRIS Accounts Production v24.2.0.383 00868633 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure008686332022-12-31008686332023-12-31008686332023-01-012023-12-31008686332021-12-31008686332022-01-012022-12-31008686332022-12-3100868633ns16:EnglandWales2023-01-012023-12-3100868633ns15:PoundSterling2023-01-012023-12-3100868633ns11:Director12023-01-012023-12-3100868633ns11:PrivateLimitedCompanyLtd2023-01-012023-12-3100868633ns11:SmallEntities2023-01-012023-12-3100868633ns11:AuditExemptWithAccountantsReport2023-01-012023-12-3100868633ns11:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100868633ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100868633ns11:FullAccounts2023-01-012023-12-3100868633ns11:OrdinaryShareClass12023-01-012023-12-3100868633ns11:Director22023-01-012023-12-3100868633ns11:Director32023-01-012023-12-3100868633ns11:RegisteredOffice2023-01-012023-12-3100868633ns6:CurrentFinancialInstruments2023-12-3100868633ns6:CurrentFinancialInstruments2022-12-3100868633ns6:ShareCapital2023-12-3100868633ns6:ShareCapital2022-12-3100868633ns6:RetainedEarningsAccumulatedLosses2023-12-3100868633ns6:RetainedEarningsAccumulatedLosses2022-12-3100868633ns6:PlantMachinery2023-01-012023-12-3100868633ns6:FurnitureFittings2023-01-012023-12-3100868633ns6:MotorVehicles2023-01-012023-12-3100868633ns6:ComputerEquipment2023-01-012023-12-3100868633ns6:PlantMachinery2022-12-3100868633ns6:FurnitureFittings2022-12-3100868633ns6:MotorVehicles2022-12-3100868633ns6:ComputerEquipment2022-12-3100868633ns6:PlantMachinery2023-12-3100868633ns6:FurnitureFittings2023-12-3100868633ns6:MotorVehicles2023-12-3100868633ns6:ComputerEquipment2023-12-3100868633ns6:PlantMachinery2022-12-3100868633ns6:FurnitureFittings2022-12-3100868633ns6:MotorVehicles2022-12-3100868633ns6:ComputerEquipment2022-12-3100868633ns11:OrdinaryShareClass12023-12-3100868633ns6:RetainedEarningsAccumulatedLosses2022-12-3100868633ns6:RetainedEarningsAccumulatedLosses2023-01-012023-12-31


















J. T. HICKS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






J. T. HICKS LIMITED (REGISTERED NUMBER: 00868633)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

J. T. HICKS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J T Hicks
J Hicks
J M Hicks



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 00868633 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Virgin Money
58 Holbeck Lane
Leeds
West Yorkshire
LS11 9XG

J. T. HICKS LIMITED (REGISTERED NUMBER: 00868633)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,286 27,527

CURRENT ASSETS
Stocks 140 185
Debtors 5 26,199 17,688
Cash at bank and in hand 433,859 410,184
460,198 428,057
CREDITORS
Amounts falling due within one year 6 181,419 180,915
NET CURRENT ASSETS 278,779 247,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,065

274,669

PROVISIONS FOR LIABILITIES 4,056 4,056
NET ASSETS 293,009 270,613

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 292,909 270,513
SHAREHOLDERS' FUNDS 293,009 270,613

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 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.

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 5 August 2024 and were signed on its behalf by:





J Hicks - Director


J. T. HICKS LIMITED (REGISTERED NUMBER: 00868633)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

J. T. Hicks 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

J. T. HICKS LIMITED (REGISTERED NUMBER: 00868633)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 140,634 3,400 54,701 2,355 201,090
Disposals (31,635 ) - - - (31,635 )
At 31 December 2023 108,999 3,400 54,701 2,355 169,455
DEPRECIATION
At 1 January 2023 114,521 2,077 54,700 2,265 173,563
Charge for year 3,028 198 - 89 3,315
Eliminated on disposal (25,709 ) - - - (25,709 )
At 31 December 2023 91,840 2,275 54,700 2,354 151,169
NET BOOK VALUE
At 31 December 2023 17,159 1,125 1 1 18,286
At 31 December 2022 26,113 1,323 1 90 27,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 26,199 17,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,248 6,594
Tax 16,499 12,595
Social security and other taxes 41 41
VAT 6,941 3,789
Directors' loan accounts 135,193 144,821
Accrued expenses 17,497 13,075
181,419 180,915

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

J. T. HICKS LIMITED (REGISTERED NUMBER: 00868633)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. RESERVES
Retained
earnings
£   

At 1 January 2023 270,513
Profit for the year 52,396
Dividends (30,000 )
At 31 December 2023 292,909

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J. T. Hicks Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. T. Hicks Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J. T. Hicks Limited, as a body, in accordance with the terms of our engagement letter dated 11 January 1999. Our work has been undertaken solely to prepare for your approval the financial statements of J. T. Hicks Limited and state those matters that we have agreed to state to the Board of Directors of J. T. Hicks Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. T. Hicks Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J. T. Hicks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. T. Hicks Limited. You consider that J. T. Hicks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J. T. Hicks 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 statutory financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


5 August 2024