Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01falseNo description of principal activity11truetruefalse 11830468 2023-03-01 2024-02-29 11830468 2022-03-01 2023-02-28 11830468 2024-02-29 11830468 2023-02-28 11830468 c:Director1 2023-03-01 2024-02-29 11830468 d:MotorVehicles 2023-03-01 2024-02-29 11830468 d:MotorVehicles 2024-02-29 11830468 d:MotorVehicles 2023-02-28 11830468 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11830468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 11830468 d:OfficeEquipment 2023-03-01 2024-02-29 11830468 d:OfficeEquipment 2024-02-29 11830468 d:OfficeEquipment 2023-02-28 11830468 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11830468 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 11830468 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11830468 d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 11830468 d:CurrentFinancialInstruments 2024-02-29 11830468 d:CurrentFinancialInstruments 2023-02-28 11830468 d:Non-currentFinancialInstruments 2024-02-29 11830468 d:Non-currentFinancialInstruments 2023-02-28 11830468 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11830468 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11830468 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 11830468 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11830468 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 11830468 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 11830468 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 11830468 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 11830468 d:ShareCapital 2024-02-29 11830468 d:ShareCapital 2023-02-28 11830468 d:RetainedEarningsAccumulatedLosses 2024-02-29 11830468 d:RetainedEarningsAccumulatedLosses 2023-02-28 11830468 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11830468 c:OrdinaryShareClass1 2024-02-29 11830468 c:OrdinaryShareClass1 2023-02-28 11830468 c:OrdinaryShareClass2 2023-03-01 2024-02-29 11830468 c:OrdinaryShareClass2 2024-02-29 11830468 c:OrdinaryShareClass2 2023-02-28 11830468 c:FRS102 2023-03-01 2024-02-29 11830468 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11830468 c:FullAccounts 2023-03-01 2024-02-29 11830468 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11830468 2 2023-03-01 2024-02-29 11830468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-02-29 11830468 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-28 11830468 d:LeasedAssetsHeldAsLessee 2024-02-29 11830468 d:LeasedAssetsHeldAsLessee 2023-02-28 11830468 e:PoundSterling 2023-03-01 2024-02-29 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 29 FEBRUARY 2024

 
HICKS T LIMITED
REGISTERED NUMBER: 11830468

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
57,594
48,354

  
57,594
48,354

Current assets
  

Stocks
  
163,432
151,742

Debtors: amounts falling due within one year
 5 
87,105
53,476

Cash at bank and in hand
 6 
55,413
52,862

  
305,950
258,080

Creditors: amounts falling due within one year
 7 
(236,320)
(163,435)

Net current assets
  
 
 
69,630
 
 
94,645

Total assets less current liabilities
  
127,224
142,999

Creditors: amounts falling due after more than one year
 8 
(56,927)
(62,728)

Provisions for liabilities
  

Deferred tax
  
(10,944)
(9,187)

  
 
 
(10,944)
 
 
(9,187)

Net assets
  
59,353
71,084


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
59,352
71,083

  
59,353
71,084


Page 1

 
HICKS T LIMITED
REGISTERED NUMBER: 11830468
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 by: 




Tom Hicks
Director

Date: 28 October 2024

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 29 FEBRUARY 2024

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 29 FEBRUARY 2024

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

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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.

 
2.9

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.

Page 4

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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 (2023 - 1).

Page 6

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
88,081
4,342
92,423


Additions
22,000
139
22,139



At 29 February 2024

110,081
4,481
114,562



Depreciation


At 1 March 2023
42,102
1,967
44,069


Charge for the year on owned assets
-
502
502


Charge for the year on financed assets
12,397
-
12,397



At 29 February 2024

54,499
2,469
56,968



Net book value



At 29 February 2024
55,582
2,012
57,594



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

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


29 February
28 February
2024
2023
£
£



Motor vehicles
55,582
45,979

55,582
45,979

Page 7

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
87,105
53,476

87,105
53,476



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
55,413
52,862

55,413
52,862



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
9,891
9,649

Trade creditors
27,767
15,949

Taxation and social security
17,586
18,081

Obligations under finance lease and hire purchase contracts
16,983
12,583

Other creditors
161,478
104,698

Accruals and deferred income
2,615
2,475

236,320
163,435


Page 8

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
13,264
23,397

Net obligations under finance leases and hire purchase contracts
43,663
39,331

56,927
62,728



9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
9,891
9,649


9,891
9,649

Amounts falling due 1-2 years

Bank loans
9,891
9,649


9,891
9,649

Amounts falling due 2-5 years

Bank loans
3,373
13,748


3,373
13,748


23,155
33,046


Page 9

 
HICKS T LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



51 (2023 - 51) Ordinary A shares of £0.01 each
1
1
49 (2023 - 49) Ordinary B shares of £0.01 each
-
-

1

1


 
Page 10