REGISTERED NUMBER: SC052939 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

J. HICKINSON & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Kerr

S M Kerr

G T Nisbet

K S Nisbet

G Hunter

REGISTERED OFFICE:

Unit 4/5 Block 2

Hindsland Road Industrial Estate

Larkhall

Lanarkshire

ML9 2PA

REGISTERED NUMBER:

SC052939 (Scotland)

ACCOUNTANTS:

John M Taylor & Co

Chartered Accountants

9 Glasgow Road

PAISLEY

Renfrewshire

PA1 3QS

FIXED ASSETS

1,308,455

Tangible assets

5

1,164,868

CURRENT ASSETS

224,565

Stocks

153,506

752,076

Debtors

6

1,183,502

7,350

Cash at bank

12,729

983,991

1,349,737

CREDITORS

638,459

Amounts falling due within one year

7

764,054

345,532

NET CURRENT ASSETS

585,683

1,653,987

TOTAL ASSETS LESS CURRENT LIABILITIES

1,750,551

CREDITORS

(423,034

)

Amounts falling due after more than one year

8

(312,669

)

(176,977

)

PROVISIONS FOR LIABILITIES

(222,646

)

1,053,976

NET ASSETS

1,215,236

CAPITAL AND RESERVES

9,000

Called up share capital

9,000

120,974

Revaluation reserve

118,915

1,000

Capital redemption reserve

1,000

923,002

Retained earnings

1,086,321

1,053,976

1,215,236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 May 2026 and were signed on its behalf by:

K S Nisbet - Director

1.	STATUTORY INFORMATION

J. Hickinson & Son Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant & machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially recognised at cost and subsequently recognised at cost or valuation less accumulated depreciation and accumulated impairment losses.

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash and cash equivalents

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

Dividends received are included in the company financial statements in the period in which the related dividends are actually paid, or in respect of the final dividend for the year, approved by shareholders.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 31 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant &

Motor

Computer

Totals

property

machinery

vehicles

equipment

£

£

£

£

£

COST OR VALUATION

At 1 September 2024

2,190,406

417,234

1,717,120

40,908

15,144

Additions

34,778

-

31,051

-

3,727

Disposals

(23,500

)

-

(23,500

)

-

-

At 31 August 2025

2,201,684

417,234

1,724,671

40,908

18,871

DEPRECIATION

At 1 September 2024

881,951

92,176

765,196

12,290

12,289

Charge for year

159,639

8,344

143,076

7,155

1,064

Eliminated on disposal

(4,774

)

-

(4,774

)

-

-

At 31 August 2025

1,036,816

100,520

903,498

19,445

13,353

NET BOOK VALUE

At 31 August 2025

1,164,868

316,714

821,173

21,463

5,518

At 31 August 2024

1,308,455

325,058

951,924

28,618

2,855

Cost or valuation at 31 August 2025 is represented by:

Freehold

Plant &

Motor

Computer

Totals

property

machinery

vehicles

equipment

£

£

£

£

£

Valuation in 2004

77,951

77,951

-

-

-

Valuation in 2012

25,000

25,000

-

-

-

Cost

2,098,733

314,283

1,724,671

40,908

18,871

2,201,684

417,234

1,724,671

40,908

18,871

The freehold property at Units 4/5 Hindsland Road Industrial Estate, Larkhall ML9 2PA was revalued by Daly and Partners, Chartered Surveyors, on 1 April 2004 at £200,000 and further revalued by Graham & Sibbald, Chartered Surveyors, on 5 March 2012 at £225,000. The original cost was £102,049.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant &

Motor

Totals

machinery

vehicles

£

£

£

COST OR VALUATION

At 1 September 2024

1,000,646

971,756

28,890

Disposals

(23,500

)

(23,500

)

-

Transfer to ownership

(184,623

)

(184,623

)

-

At 31 August 2025

792,523

763,633

28,890

DEPRECIATION

At 1 September 2024

198,802

195,792

3,010

Charge for year

107,022

100,552

6,470

Eliminated on disposal

(4,774

)

(4,774

)

-

Transfer to ownership

(97,732

)

(97,732

)

-

At 31 August 2025

203,318

193,838

9,480

NET BOOK VALUE

At 31 August 2025

589,205

569,795

19,410

At 31 August 2024

801,844

775,964

25,880

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

978,559

732,381

Amounts owed by group undertakings

13,139

13,139

Other debtors

191,804

6,556

1,183,502

752,076

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

125,744

44,274

Hire purchase contracts (see note 9)

105,821

138,412

Trade creditors

164,610

201,209

Taxation and social security

183,691

124,423

Other creditors

184,188

130,141

764,054

638,459

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 9)

312,669

423,034

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

105,821

138,412

Between one and five years

312,669

423,034

418,490

561,446

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

18,671

-

Between one and five years

37,342

-

56,013

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank overdrafts

125,744

40,866

Bank loans

-

3,408

Hire purchase contracts

418,490

561,446

544,234

605,720

Clydesdale Bank plc holds a floating charge over all of the assets of the company.

Hire purchase obligations are secured over the assets to which they relate.

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY