REGISTERED NUMBER: 07500254 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2025

for

S & N Hicks Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

S Hicks

N J Hicks

SECRETARY:

S Hicks

REGISTERED OFFICE:

8 Browning Road

Heathfield

East Sussex

TN21 8DB

REGISTERED NUMBER:

07500254 (England and Wales)

ACCOUNTANTS:

G. A. Hicks - Accountant

14 Meadow Way

Heathfield

East Sussex

TN21 8AL

The directors present their report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of MOT testing, motor vehicle repairs and servicing.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

S Hicks

N J Hicks

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Hicks - Director

25 September 2025

TURNOVER

548,020

541,960

Cost of sales

355,189

366,025

GROSS PROFIT

192,831

175,935

Administrative expenses

132,675

142,036

OPERATING PROFIT

4

60,156

33,899

Interest payable and similar expenses

18,633

11,993

PROFIT BEFORE TAXATION

41,523

21,906

Tax on profit

7,894

4,161

PROFIT FOR THE FINANCIAL YEAR

33,629

17,745

FIXED ASSETS

Tangible assets

5

24,233

33,009

CURRENT ASSETS

Stocks

1,750

2,250

Debtors

6

3,183

3,184

Cash at bank

42,595

48,096

47,528

53,530

CREDITORS

Amounts falling due within one year

7

45,000

56,301

NET CURRENT ASSETS/(LIABILITIES)

2,528

(2,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,761

30,238

PROVISIONS FOR LIABILITIES

3,908

5,531

NET ASSETS

22,853

24,707

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

22,753

24,607

22,853

24,707

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

N J Hicks - Director

1.	STATUTORY INFORMATION

S & N Hicks Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.25

31.1.24

£

£

Depreciation - owned assets

8,699

8,915

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

36,580

49,167

85,747

DEPRECIATION

At 1 February 2024

30,917

21,821

52,738

Charge for year

849

7,927

8,776

At 31 January 2025

31,766

29,748

61,514

NET BOOK VALUE

At 31 January 2025

4,814

19,419

24,233

At 31 January 2024

5,663

27,346

33,009

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

£

COST

At 1 February 2024

and 31 January 2025

3,900

DEPRECIATION

At 1 February 2024

3,386

Charge for year

77

At 31 January 2025

3,463

NET BOOK VALUE

At 31 January 2025

437

At 31 January 2024

514

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

3,183

3,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

16,884

19,201

Taxation and social security

16,616

13,150

Other creditors

11,500

23,950

45,000

56,301