REGISTERED NUMBER: 08078343 (England and Wales)

GC & DA HIX & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

G C Hix

R A Hix

Mrs N J Hix

REGISTERED OFFICE:

Commerce House

18 West Street

Bourne

Lincolnshire

PE10 9NE

BUSINESS ADDRESS:

Glebe Farm

Castle Bytham

Grantham

Lincolnshire

NG33 4SG

REGISTERED NUMBER:

08078343 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Property, plant and equipment

4

1,294,892

1,384,246

CURRENT ASSETS

Inventories

254,615

290,406

Debtors

53,047

94,733

Cash at bank

534

534

308,196

385,673

CREDITORS

Amounts falling due within one year

819,840

791,112

NET CURRENT LIABILITIES

(511,644

)

(405,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

783,248

978,807

CREDITORS

Amounts falling due after more than one year

5

(237,474

)

(325,205

)

PROVISIONS FOR LIABILITIES

(168,283

)

(191,511

)

NET ASSETS

377,491

462,091

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

377,191

461,791

SHAREHOLDERS' FUNDS

377,491

462,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Financial Position for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

R A Hix - Director

G C Hix - Director

1.	STATUTORY INFORMATION

GC & DA Hix & Son 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.

Revenue

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

Property, plant and equipment

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

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance, 18.5% on reducing balance, 15% on reducing balance and 2% on reducing balance

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell.

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

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 6 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 May 2024

2,393,522

Additions

64,137

At 30 April 2025

2,457,659

DEPRECIATION

At 1 May 2024

1,009,276

Charge for year

153,491

At 30 April 2025

1,162,767

NET BOOK VALUE

At 30 April 2025

1,294,892

At 30 April 2024

1,384,246

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more than five years

69,964

90,108

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Aggregate amount

821,338

844,326

The bank borrowings are secured by a fixed and floating charge over all the company's assets.

Hire purchase contracts are secured against the assets that have been so funded.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

G C Hix

Balance outstanding at start of year

15,260

10,493

Amounts advanced

15,495

14,767

Amounts repaid

(15,755

)

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,000

15,260

Mrs N J Hix

Balance outstanding at start of year

(7,917

)

(42,043

)

Amounts advanced

7,917

41,626

Amounts repaid

-

(7,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(7,917

)