REGISTERED NUMBER: 10988645 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

K C Hicks & Son Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Hicks

Mrs L F Hicks

Mr A E Hicks

REGISTERED OFFICE:

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

REGISTERED NUMBER:

10988645 (England and Wales)

ACCOUNTANTS:

Accounting Solutions

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

FIXED ASSETS

Intangible assets

4

5,000

7,500

Tangible assets

5

28,920

38,396

33,920

45,896

CURRENT ASSETS

Stocks

45,007

41,550

Debtors

6

204,413

152,369

Cash at bank

74,725

20,209

324,145

214,128

CREDITORS

Amounts falling due within one year

7

115,651

40,854

NET CURRENT ASSETS

208,494

173,274

TOTAL ASSETS LESS CURRENT LIABILITIES

242,414

219,170

CAPITAL AND RESERVES

Called up share capital

120

100

Retained earnings

242,294

219,070

SHAREHOLDERS' FUNDS

242,414

219,170

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 July 2026 and were signed on its behalf by:

Mrs L F Hicks - Director

1.	STATUTORY INFORMATION

K C Hicks & 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

25,000

AMORTISATION

At 1 November 2024

17,500

Amortisation for year

2,500

At 31 October 2025

20,000

NET BOOK VALUE

At 31 October 2025

5,000

At 31 October 2024

7,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

13,408

2,342

75,237

2,244

93,231

Additions

128

-

-

-

128

At 31 October 2025

13,536

2,342

75,237

2,244

93,359

DEPRECIATION

At 1 November 2024

7,030

1,772

44,292

1,741

54,835

Charge for year

1,627

114

7,737

126

9,604

At 31 October 2025

8,657

1,886

52,029

1,867

64,439

NET BOOK VALUE

At 31 October 2025

4,879

456

23,208

377

28,920

At 31 October 2024

6,378

570

30,945

503

38,396

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

204,413

152,369

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

16,719

-

Taxation and social security

49,464

38,059

Other creditors

49,468

2,795

115,651

40,854

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the director throughout the period, as stated in the report of the director.

Interest is charged on the overdrawn directors' loan account balances at the official rate of 2.25% until 5 April 2025 and 3.75% thereafter.