REGISTERED NUMBER: 00706034 (England and Wales)

J HIX (SLEAFORD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs K S Hix

SECRETARY:

Mrs K S Hix

REGISTERED OFFICE:

Manor Farm Barn

London Road

Silk Willoughby

Sleaford

Lincolnshire

NG34 8PB

REGISTERED NUMBER:

00706034 (England and Wales)

ACCOUNTANTS:

Socius Accountants Limited

Excel House

Millbrook Lane

Wragby

Market Rasen

Lincolnshire

LN8 5AB

FIXED ASSETS

Property, plant and equipment

4

253,188

451,821

Investments

5

350,000

350,000

603,188

801,821

CURRENT ASSETS

Debtors

-

1,340

Cash at bank

15,012

13,326

15,012

14,666

CREDITORS

Amounts falling due within one year

357,582

366,972

NET CURRENT LIABILITIES

(342,570

)

(352,306

)

TOTAL ASSETS LESS CURRENT LIABILITIES

260,618

449,515

PROVISIONS FOR LIABILITIES

37,355

75,475

NET ASSETS

223,263

374,040

CAPITAL AND RESERVES

Called up share capital

3,500

3,500

Fair value reserve

6

197,152

359,152

Retained earnings

22,611

11,388

223,263

374,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Balance Sheet for the year ended 31 January 2026 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 director and authorised for issue on 23 April 2026 and were signed by:

Mrs K S Hix - Director

1.	STATUTORY INFORMATION

J Hix (Sleaford) 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

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.

Freehold property

-

1% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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 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 (2025 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST OR VALUATION

At 1 February 2025

487,795

Impairments

(200,000

)

At 31 January 2026

287,795

DEPRECIATION

At 1 February 2025

35,974

Charge for year

3,133

Revaluation adjustments

(4,500

)

At 31 January 2026

34,607

NET BOOK VALUE

At 31 January 2026

253,188

At 31 January 2025

451,821

Cost or valuation at 31 January 2026 is represented by:

Totals

£

Valuation in 2021

309,026

Valuation in 2022

75,000

Valuation in 2023

70,000

Valuation in 2025

(20,000

)

Valuation in 2026

(200,000

)

Cost

53,769

287,795

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

2026

2025

£

£

Cost

15,974

15,974

Freehold property was valued on an open market basis on 1 February 2025 by the directors. .

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2025

and 31 January 2026

350,000

NET BOOK VALUE

At 31 January 2026

350,000

At 31 January 2025

350,000

6.

RESERVES

Fair

value

reserve

£

At 1 February 2025

359,152

Transfer from retained earning

(162,000

)

At 31 January 2026

197,152