Registration number: 15674053

Hickleys Technical Workshops Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Hickleys Technical Workshops Limited

(Registration number: 15674053)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	6,621	8,061
Tangible assets	5	113,966	112,218
		120,587	120,279
Current assets
Stocks	6	15,932	14,724
Debtors	7	80,256	92,835
Cash at bank and in hand		5,273	40,146
		101,461	147,705
Creditors: Amounts falling due within one year	8	(117,336)	(138,645)
Net current (liabilities)/assets		(15,875)	9,060
Total assets less current liabilities		104,712	129,339
Creditors: Amounts falling due after more than one year	8	(91,469)	(103,660)
Provisions for liabilities		(61,964)	(64,959)
Net liabilities		(48,721)	(39,280)
Capital and reserves
Called up share capital		1	1
Retained earnings		(48,722)	(39,281)
Shareholders' deficit		(48,721)	(39,280)

Hickleys Technical Workshops Limited

(Registration number: 15674053)
Balance Sheet as at 31 December 2025

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2026 and signed on its behalf by:
 

Mr R N Huish Director

Hickleys Technical Workshops Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales, United Kingdom.

The address of its registered office is:
Castle Street
Tangier
Taunton
Somerset
TA1 4AU

These financial statements were authorised for issue by the Board on 3 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The company has suffered a loss for the period and has a deficit in funds. However, the financial statements have been prepared on a going concern basis. The directors have confirmed, with the support of group companies, the company will be able to continue in operation existence for the forseeable future.

Hickleys Technical Workshops Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the entity;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other intangible assets	Straight line over 7 years

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Hickleys Technical Workshops Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Asset class	Depreciation method and rate
Plant and machinery	10%-33% straight line
Office equipment	20%-50% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Hickleys Technical Workshops Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 19 (2024 - 19).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2025	8,581	8,581
At 31 December 2025	8,581	8,581
Amortisation
At 1 January 2025	520	520
Amortisation charge	1,440	1,440
At 31 December 2025	1,960	1,960
Carrying amount
At 31 December 2025	6,621	6,621
At 31 December 2024	8,061	8,061

Hickleys Technical Workshops Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	123,681	3,445	127,126
Additions	31,720	3,666	35,386
At 31 December 2025	155,401	7,111	162,512
Depreciation
At 1 January 2025	14,334	574	14,908
Charge for the year	32,138	1,500	33,638
At 31 December 2025	46,472	2,074	48,546
Carrying amount
At 31 December 2025	108,929	5,037	113,966
At 31 December 2024	109,347	2,871	112,218

6

Stocks

	2025 £	2024 £
Other inventories	15,932	14,724

7

Debtors

	2025 £	2024 £
Trade debtors	53,163	68,663
Other debtors	-	532
Prepayments	27,093	23,640
	80,256	92,835

Hickleys Technical Workshops Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Creditors

Due within one year	2025 £	2024 £
Trade creditors	64,662	81,641
Social security and other taxes	32,566	45,825
Other creditors	-	265
Accruals	20,108	10,382
Corporation tax liability	-	532
	117,336	138,645
Due after one year
Other financial liabilities - Amounts due to related parties	91,469	103,660