REGISTERED NUMBER: 10538161 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

Will Hicks Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W T Hicks Esq.

Mrs L Hicks

SECRETARY:

REGISTERED OFFICE:

Barley House

Kinnersley

Hereford

HR3 6NY

REGISTERED NUMBER:

10538161 (England and Wales)

ACCOUNTANTS:

Worcester Accountancy Services

Helsby

199 Bilford Road

Worcester

Worcestershire

WR3 8HL

FIXED ASSETS

Tangible assets

4

26,568

29,851

CURRENT ASSETS

Debtors

5

-

5,034

Cash at bank

315,013

268,125

315,013

273,159

CREDITORS

Amounts falling due within one year

6

93,197

6,174

NET CURRENT ASSETS

221,816

266,985

TOTAL ASSETS LESS CURRENT LIABILITIES

248,384

296,836

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

248,382

296,834

SHAREHOLDERS' FUNDS

248,384

296,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 17th December 2025 and were signed on its behalf by:

Mrs L Hicks - Director

1.	STATUTORY INFORMATION

Will Hicks Music 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.

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.

Studio fixtures & fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Studio

fixtures

& fittings

Equipment

Totals

£

£

£

COST

At 1st April 2024

19,662

68,139

87,801

Additions

-

5,573

5,573

At 31st March 2025

19,662

73,712

93,374

DEPRECIATION

At 1st April 2024

12,380

45,570

57,950

Charge for year

1,820

7,036

8,856

At 31st March 2025

14,200

52,606

66,806

NET BOOK VALUE

At 31st March 2025

5,462

21,106

26,568

At 31st March 2024

7,282

22,569

29,851

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

5,000

Other debtors

-

34

-

5,034

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

25,454

1,959

Taxation and social security

64,632

3,751

Other creditors

3,111

464

93,197

6,174