IRIS Accounts Production v24.3.0.553 09355321 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093553212023-03-31093553212024-03-31093553212023-04-012024-03-31093553212022-03-31093553212022-04-012023-03-31093553212023-03-3109355321ns15:EnglandWales2023-04-012024-03-3109355321ns14:PoundSterling2023-04-012024-03-3109355321ns10:Director12023-04-012024-03-3109355321ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109355321ns10:SmallEntities2023-04-012024-03-3109355321ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109355321ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109355321ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109355321ns10:FullAccounts2023-04-012024-03-3109355321ns10:CompanySecretary12023-04-012024-03-3109355321ns10:RegisteredOffice2023-04-012024-03-3109355321ns5:CurrentFinancialInstruments2024-03-3109355321ns5:CurrentFinancialInstruments2023-03-3109355321ns5:Non-currentFinancialInstruments2024-03-3109355321ns5:Non-currentFinancialInstruments2023-03-3109355321ns5:ShareCapital2024-03-3109355321ns5:ShareCapital2023-03-3109355321ns5:RetainedEarningsAccumulatedLosses2024-03-3109355321ns5:RetainedEarningsAccumulatedLosses2023-03-3109355321ns5:ComputerEquipment2023-04-012024-03-3109355321ns5:ComputerEquipment2023-03-3109355321ns5:ComputerEquipment2024-03-3109355321ns5:ComputerEquipment2023-03-3109355321ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109355321ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109355321ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3109355321ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3109355321ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3109355321ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3109355321ns5:DeferredTaxation2023-03-3109355321ns5:DeferredTaxation2023-04-012024-03-3109355321ns5:DeferredTaxation2024-03-31093553211ns10:Director12023-03-31093553211ns10:Director12022-03-31093553211ns10:Director12023-04-012024-03-31093553211ns10:Director12022-04-012023-03-31093553211ns10:Director12024-03-31093553211ns10:Director12023-03-31
REGISTERED NUMBER: 09355321 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HICKSOID LIMITED

HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HICKSOID LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Hicks





SECRETARY: Mrs H Hicks





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 09355321 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127 66

CURRENT ASSETS
Debtors 5 7,017 14,048
Cash at bank 3,905 -
10,922 14,048
CREDITORS
Amounts falling due within one year 6 7,884 14,574
NET CURRENT ASSETS/(LIABILITIES) 3,038 (526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,165

(460

)

CREDITORS
Amounts falling due after more than one
year

7

(3,000

)

(5,000

)

PROVISIONS FOR LIABILITIES 8 (24 ) (13 )
NET ASSETS/(LIABILITIES) 141 (5,473 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41 (5,573 )
SHAREHOLDERS' FUNDS 141 (5,473 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 director and authorised for issue on 23 December 2024 and were signed by:





M Hicks - Director


HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Hicksoid 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company director. The director confirms that support will continue.

Turnover
Turnover represents amounts receivable for sports goods consultancy services.

Revenue from the sale of services is recognised by reference to the stage of completion and when the costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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 1 (2023 - 1 ) .

HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 5,919
Additions 141
At 31 March 2024 6,060
DEPRECIATION
At 1 April 2023 5,853
Charge for year 80
At 31 March 2024 5,933
NET BOOK VALUE
At 31 March 2024 127
At 31 March 2023 66

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 4,477 7,815
Tax 2,540 6,233
7,017 14,048

Debtors include £4,477 (2023: £7,815) owed by the company director. The loan is unsecured, refundable on demand and interest bearing.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 4,931
Tax 3,608 6,011
Other creditors 1,257 2,643
Accrued expenses 1,019 989
7,884 14,574

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,000 2,000
Bank loans - 2-5 years - 3,000
3,000 5,000

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24 13

HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 13
Provided during year 11
Balance at 31 March 2024 24

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Hicks
Balance outstanding at start of year 7,816 19,178
Amounts repaid (3,339 ) (11,362 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,477 7,816

Interest of £186 (2023: £265) was charged at the official rate of interest of 2.25% (2023: 2%).

10. RELATED PARTY DISCLOSURES

At the balance sheet date, £4,477 (2023: £7,815) was owed by the company director. The loan is unsecured, repayable on demand and interest bearing.

11. EXCEPTIONAL ITEMS

During the year the company invoiced for services relating to the delivery of motor vehicles totalling £31,013.