Wood, Hicks & Co Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 03945368

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		19,240		18,388

			19,240		18,388
CURRENT ASSETS
Stocks		71,053		43,622
Debtors		19,011		32,683
Investments		57,513		52,052
Cash at bank and in hand		236,587		316,060

		384,164		444,417
Creditors: Amounts Falling Due Within One Year		(242,682 )		(290,774 )

NET CURRENT ASSETS (LIABILITIES)			141,482		153,643

TOTAL ASSETS LESS CURRENT LIABILITIES			160,722		172,031

Creditors: Amounts Falling Due After More Than One Year			(22,785 )		(28,173 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,487 )		(2,151 )

NET ASSETS			135,450		141,707

CAPITAL AND RESERVES
Called up share capital	5		200		200
Profit and Loss Account			135,250		141,507

SHAREHOLDERS' FUNDS			135,450		141,707

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Wood, Hicks & Co Ltd

Abridged Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr David Clarke Director	Mr Peter Sommerville Director
12/02/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wood, Hicks & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03945368 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents the value of consideration receivable in respect of professional services rendered during the year, inclusive of recoverable expenses & disbursements and exclusive of VAT.

When the value of transactions can be measured reliably and it is probable that economic benefit will flow to the Company, turnover is recognised with reference to the stage of completion, assessed on actual services provided as a proportion of total services to be provided. The value of services partially rendered and unbilled is held within work in progress on a contract by contract basis as contract activity progresses.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the Profit and Loss Account. All other investments are subsequently measured at cost less impairment.

...CONTINUED

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Wood, Hicks & Co Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Financial Instruments - continued

Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the Profit and Loss Account and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in the Profit and Loss Account immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

2.6. 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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Wood, Hicks & Co Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was 11 (2024: 12)

4. Tangible Assets

	Total
	£
Cost
As at 1 September 2024	44,558
Additions	8,560
Disposals	(3,900 )

As at 31 August 2025	49,218

Depreciation
As at 1 September 2024	26,170
Provided during the period	6,350
Disposals	(2,542 )

As at 31 August 2025	29,978

Net Book Value
As at 31 August 2025	19,240

As at 1 September 2024	18,388

5. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
150 Ordinary A shares of £ 1.000 each	150	150
50 Ordinary B shares of £ 1.000 each	50	50

	200	200

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