IRIS Accounts Production v25.1.3.33 08585601 director 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085856012023-09-30085856012024-09-30085856012023-10-012024-09-30085856012022-09-30085856012022-10-012023-09-30085856012023-09-3008585601ns15:EnglandWales2023-10-012024-09-3008585601ns14:PoundSterling2023-10-012024-09-3008585601ns10:Director12023-10-012024-09-3008585601ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008585601ns10:SmallEntities2023-10-012024-09-3008585601ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3008585601ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008585601ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008585601ns10:FullAccounts2023-10-012024-09-300858560112023-10-012024-09-3008585601ns10:OrdinaryShareClass12023-10-012024-09-3008585601ns10:CompanySecretary12023-10-012024-09-3008585601ns10:RegisteredOffice2023-10-012024-09-3008585601ns5:CurrentFinancialInstruments2024-09-3008585601ns5:CurrentFinancialInstruments2023-09-3008585601ns5:Non-currentFinancialInstruments2024-09-3008585601ns5:Non-currentFinancialInstruments2023-09-3008585601ns5:ShareCapital2024-09-3008585601ns5:ShareCapital2023-09-3008585601ns5:RetainedEarningsAccumulatedLosses2024-09-3008585601ns5:RetainedEarningsAccumulatedLosses2023-09-3008585601ns5:NetGoodwill2023-10-012024-09-3008585601ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3008585601ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3008585601ns5:LeaseholdImprovements2023-10-012024-09-3008585601ns5:PlantMachinery2023-10-012024-09-3008585601ns5:FurnitureFittings2023-10-012024-09-3008585601ns5:MotorVehicles2023-10-012024-09-3008585601ns5:ComputerEquipment2023-10-012024-09-3008585601ns5:NetGoodwill2023-09-3008585601ns5:IntangibleAssetsOtherThanGoodwill2023-09-3008585601ns5:NetGoodwill2024-09-3008585601ns5:IntangibleAssetsOtherThanGoodwill2024-09-3008585601ns5:NetGoodwill2023-09-3008585601ns5:IntangibleAssetsOtherThanGoodwill2023-09-3008585601ns5:LandBuildings2023-09-3008585601ns5:PlantMachinery2023-09-3008585601ns5:LandBuildings2023-10-012024-09-3008585601ns5:LandBuildings2024-09-3008585601ns5:PlantMachinery2024-09-3008585601ns5:LandBuildings2023-09-3008585601ns5:PlantMachinery2023-09-3008585601ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008585601ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3008585601ns5:Secured2024-09-3008585601ns5:Secured2023-09-3008585601ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 08585601 (England and Wales)















HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2024






HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED (REGISTERED NUMBER: 08585601)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr S Matthews



SECRETARY: Mrs L J Matthews



REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



REGISTERED NUMBER: 08585601 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Lloyds Bank Plc
5 High Street
Old Town
SWINDON
Wiltshire
SN1 3ED

HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED (REGISTERED NUMBER: 08585601)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 210,273 228,701
210,273 228,701

CURRENT ASSETS
Stocks 101,506 137,356
Debtors 6 147,230 164,743
Cash at bank and in hand 17,860 52,976
266,596 355,075
CREDITORS
Amounts falling due within one year 7 222,473 303,672
NET CURRENT ASSETS 44,123 51,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,396

280,104

CREDITORS
Amounts falling due after more than
one year

8

(119,845

)

(145,371

)

PROVISIONS FOR LIABILITIES (15,904 ) (19,119 )
NET ASSETS 118,647 115,614

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 118,547 115,514
SHAREHOLDERS' FUNDS 118,647 115,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED (REGISTERED NUMBER: 08585601)

STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th February 2025 and were signed by:





Mr S Matthews - Director


HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED (REGISTERED NUMBER: 08585601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Hickmans Electrical Engineers and Contractors Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08585601

Registered office: 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of three years, and has therefore now been written down to nil value.

Intangible assets
Intangible assets are initially measured at cost . After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Website costs are amortised evenly over their estimated useful life of three years.

HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED (REGISTERED NUMBER: 08585601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
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.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED (REGISTERED NUMBER: 08585601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 10,999 500 11,499
AMORTISATION
At 1st October 2023
and 30th September 2024 10,999 500 11,499
NET BOOK VALUE
At 30th September 2024 - - -
At 30th September 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 160,628 171,736 332,364
Additions - 22,867 22,867
Disposals - (17,278 ) (17,278 )
At 30th September 2024 160,628 177,325 337,953
DEPRECIATION
At 1st October 2023 12,851 90,812 103,663
Charge for year 2,570 28,130 30,700
Eliminated on disposal - (6,683 ) (6,683 )
At 30th September 2024 15,421 112,259 127,680
NET BOOK VALUE
At 30th September 2024 145,207 65,066 210,273
At 30th September 2023 147,777 80,924 228,701


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,826 141,138
Other debtors 11,404 23,605
147,230 164,743

HICKMANS ELECTRICAL ENGINEERS AND
CONTRACTORS LIMITED (REGISTERED NUMBER: 08585601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,077 13,670
Hire purchase contracts 14,027 17,467
Trade creditors 39,392 69,075
Taxation and social security 62,063 59,316
Other creditors 92,914 144,144
222,473 303,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 86,583 101,226
Hire purchase contracts 33,262 44,145
119,845 145,371

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 49,010 59,128

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 47,289 61,612
Bank loans and overdrafts 88,994 96,229
136,283 157,841

The bank loan and overdraft is secured by way of a legal charge over the freehold property in which the company trades out of, as well as a fixed and floating charge over all the property and undertakings of the company.

The hire purchase liability is secured over the assets it relates to.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 13,950