REGISTERED NUMBER: 01042507 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wicks & Martin Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Young

Mrs J Madden

M Taylor

S M Young

SECRETARY:

Mrs J Young

REGISTERED OFFICE:

Three Mills Trading Estate

Bromyard

Herefordshire

HR7 4HT

REGISTERED NUMBER:

01042507 (England and Wales)

BANKERS:

Barclays Bank plc

118 High Street

Bromsgrove

Worcestershire

B61 8ET

FIXED ASSETS

Tangible assets

4

249,502

253,121

CURRENT ASSETS

Stocks

114,933

107,985

Debtors

126,145

146,409

Cash at bank

782,138

664,109

1,023,216

918,503

CREDITORS

Amounts falling due within one year

130,769

103,608

NET CURRENT ASSETS

892,447

814,895

TOTAL ASSETS LESS CURRENT LIABILITIES

1,141,949

1,068,016

PROVISIONS FOR LIABILITIES

2,375

2,655

NET ASSETS

1,139,574

1,065,361

CAPITAL AND RESERVES

Called up share capital

5

5,000

5,000

Revaluation reserve

6

68,504

68,504

Retained earnings

1,066,070

991,857

SHAREHOLDERS' FUNDS

1,139,574

1,065,361

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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

M Taylor - Director

1.	STATUTORY INFORMATION

Wicks & Martin 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition

Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Revenue is recognised when goods have been delivered to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost or valuation

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation less depreciation.

Stocks

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

Cost includes all costs of purchase, and other costs incurred in bringing stock to its present location and condition and is calculated on a first-in, first-out basis.

Financial instruments

Basic financial instruments, comprising debtors, creditors and cash, are recognised at amortised cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

360,585

Additions

3,007

Disposals

(22,414

)

At 31 March 2025

341,178

DEPRECIATION

At 1 April 2024

107,464

Charge for year

5,667

Eliminated on disposal

(21,455

)

At 31 March 2025

91,676

NET BOOK VALUE

At 31 March 2025

249,502

At 31 March 2024

253,121

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 1988

31,193

Valuation in 2016

61,917

Valuation in 2021

(48,413

)

Cost

296,481

341,178

If Freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

205,303

205,303

Aggregate depreciation

25,717

23,686

Value of land in freehold land and buildings

2,250

2,250

Freehold property was valued on an open market basis on 31 March 2025 by the directors .

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

£1

5,000

5,000

6.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

68,504