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REGISTERED NUMBER: 09355321 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HICKSOID LIMITED

HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HICKSOID LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







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 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 461 127

CURRENT ASSETS
Debtors 5 7,876 7,017
Cash at bank 656 3,905
8,532 10,922
CREDITORS
Amounts falling due within one year 6 6,947 7,884
NET CURRENT ASSETS 1,585 3,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,046

3,165

CREDITORS
Amounts falling due after more than one
year

7

(1,000

)

(3,000

)

PROVISIONS FOR LIABILITIES 8 (115 ) (24 )
NET ASSETS 931 141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 831 41
SHAREHOLDERS' FUNDS 931 141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 6 May 2025 and were signed by:



M Hicks - Director


HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


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 (2024 - 1 ) .

HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024 6,060
Additions 622
Disposals (4,047 )
At 31 March 2025 2,635
DEPRECIATION
At 1 April 2024 5,933
Charge for year 288
Eliminated on disposal (4,047 )
At 31 March 2025 2,174
NET BOOK VALUE
At 31 March 2025 461
At 31 March 2024 127

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts recoverable on contract 719 -
Other debtors 2,400 -
Directors' current accounts 3,590 4,477
Tax 1,167 2,540
7,876 7,017

Debtors include £3,590 (2024: £4,477) owed by the company director. The loan is unsecured, refundable on demand and interest bearing. It is not anticipated that the loan will be fully repaid within 12 months of the balance sheet date.

Other debtors include £2,400 (2024 : £nil) owed by a company in which the director is also a shareholder and director. The loan is unsecured, repayable upon demand and interest free. It is not anticipated that the loan will be repaid within 12 months of the balance sheet date.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 2,000 2,000
Tax 2,749 3,608
Other creditors 1,117 1,257
Accrued expenses 1,081 1,019
6,947 7,884

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 1,000 3,000

HICKSOID LIMITED (REGISTERED NUMBER: 09355321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 115 24

Deferred
tax
£   
Balance at 1 April 2024 24
Provided during year 91
Balance at 31 March 2025 115

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
M Hicks
Balance outstanding at start of year 4,477 7,816
Amounts repaid (887 ) (3,339 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,590 4,477

Interest of £288 (2024: £186) was charged at the official rate of interest of 2.25% (2024: 2.25%).

10. RELATED PARTY DISCLOSURES

At the balance sheet date, £3,590 (2024: £4,477) was owed by the company director. The loan is unsecured, repayable on demand and interest bearing.

At the balance sheet date, £2,400 (2024 : £nil) was owed to a company in which the company director is a shareholder and company director. The loan is repayable on demand and interest free.