Company registration number 01134092 (England and Wales)
HICKMET LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HICKMET LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
HICKMET LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
47,391
57,794
Current assets
Stocks
506,864
508,918
Debtors
5
28,215
25,597
Cash at bank and in hand
48,823
13,471
583,902
547,986
Creditors: amounts falling due within one year
6
(97,349)
(81,383)
Net current assets
486,553
466,603
Total assets less current liabilities
533,944
524,397
Creditors: amounts falling due after more than one year
7
(1,773)
(12,235)
Provisions for liabilities
(9,004)
(10,981)
Net assets
523,167
501,181
Capital and reserves
Called up share capital
83,832
83,832
Profit and loss reserves
439,335
417,349
Total equity
523,167
501,181

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 13 November 2025
Mr D S Hickmet
Director
Company Registration No. 01134092
HICKMET LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
page 2
1
Accounting policies
Company information

Hickmet Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, 1 - 7 Station Road, Crawley, West Sussex, RH10 1HT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10% on cost
Fixtures, fittings & equipment
15% on cost
Motor vehicles
20% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

HICKMET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
page 3
1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HICKMET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
page 4
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
HICKMET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
page 5
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
31,391
143,964
175,355
Additions
-
0
1,333
1,333
At 31 March 2025
31,391
145,297
176,688
Depreciation and impairment
At 1 April 2024
31,391
86,170
117,561
Depreciation charged in the year
-
0
11,736
11,736
At 31 March 2025
31,391
97,906
129,297
Carrying amount
At 31 March 2025
-
0
47,391
47,391
At 31 March 2024
-
0
57,794
57,794
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
25,000
20,000
Other debtors
3,215
5,597
28,215
25,597
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
17,712
10,204
Trade creditors
7,000
-
0
Taxation and social security
10,900
3,656
Other creditors
61,737
67,523
97,349
81,383
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,773
12,235
HICKMET LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Creditors: amounts falling due after more than one year
(Continued)
page 6

The bank loan has been made under the Coronavirus Bounce Back Loan Scheme, which is 100% guaranteed by the government. Interest is charged at a fixed annual rate of 2.5%. Interest for the first 12 months is paid by the government and no capital repayments are due for the first 12 months.

2025-03-31 2024-04-01 false false false 14 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr D S Hickmet Mr W H Hickmet 01134092 2024-04-01 2025-03-31 01134092 2025-03-31 01134092 2024-03-31 01134092 core:LandBuildings 2025-03-31 01134092 core:OtherPropertyPlantEquipment 2025-03-31 01134092 core:LandBuildings 2024-03-31 01134092 core:OtherPropertyPlantEquipment 2024-03-31 01134092 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01134092 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01134092 core:CurrentFinancialInstruments 2025-03-31 01134092 core:CurrentFinancialInstruments 2024-03-31 01134092 core:Non-currentFinancialInstruments 2025-03-31 01134092 core:Non-currentFinancialInstruments 2024-03-31 01134092 core:ShareCapital 2025-03-31 01134092 core:ShareCapital 2024-03-31 01134092 core:RetainedEarningsAccumulatedLosses 2025-03-31 01134092 core:RetainedEarningsAccumulatedLosses 2024-03-31 01134092 bus:Director1 2024-04-01 2025-03-31 01134092 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 01134092 core:FurnitureFittings 2024-04-01 2025-03-31 01134092 core:MotorVehicles 2024-04-01 2025-03-31 01134092 2023-01-01 2024-03-31 01134092 core:LandBuildings 2024-03-31 01134092 core:OtherPropertyPlantEquipment 2024-03-31 01134092 2024-03-31 01134092 core:LandBuildings 2024-04-01 2025-03-31 01134092 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 01134092 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01134092 bus:FRS102 2024-04-01 2025-03-31 01134092 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01134092 bus:CompanySecretary1 2024-04-01 2025-03-31 01134092 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01134092 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP