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Registered number: 04645905
HOPKINSONS GARAGE LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
Ping Chartered Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04645905
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 37,510 46,815
37,510 46,815
CURRENT ASSETS
Debtors 6 19,073 19,214
Cash at bank and in hand 8,068 30,025
27,141 49,239
Creditors: Amounts Falling Due Within One Year 7 (58,052 ) (59,643 )
NET CURRENT ASSETS (LIABILITIES) (30,911 ) (10,404 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,599 36,411
Creditors: Amounts Falling Due After More Than One Year 8 (16,363 ) (40,852 )
NET LIABILITIES (9,764 ) (4,441 )
CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Profit and Loss Account (34,764 ) (29,441 )
SHAREHOLDERS' FUNDS (9,764) (4,441)
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
On behalf of the board
Mr Gary Nicholls
Director
14/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HOPKINSONS GARAGE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04645905 . The registered office is 12 Reading Road, Eversley, Hook, Hampshire, RG27 0RP.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumalated amortisation.
Goodwill have been amortised fully in the Year ended 30 Apr 2023.
2.4. 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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 12.5% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 2,500
As at 30 April 2024 2,500
Amortisation
As at 1 May 2023 2,500
As at 30 April 2024 2,500
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 21,408 38,750 60,158
As at 30 April 2024 21,408 38,750 60,158
Depreciation
As at 1 May 2023 8,499 4,844 13,343
Provided during the period 5,067 4,238 9,305
As at 30 April 2024 13,566 9,082 22,648
Net Book Value
As at 30 April 2024 7,842 29,668 37,510
As at 1 May 2023 12,909 33,906 46,815
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,928 4,942
Prepayments and accrued income 360 354
Other debtors - 253
Other debtors (1) 300 -
Director's loan account 16,485 13,665
19,073 19,214
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,115 1,873
Trade creditors 19,434 19,988
Bank loans and overdrafts 17,373 17,816
Corporation tax (8,697 ) -
Other taxes and social security 11,718 13,657
VAT 5,051 3,815
Net wages 958 -
Other creditors 337 566
Other creditors (1) 8,476 -
Accruals and deferred income 1,287 1,928
58,052 59,643
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,029 7,519
Bank loans 13,334 33,333
16,363 40,852
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,115 1,873
Later than one year and not later than five years 3,029 7,519
5,144 9,392
5,144 9,392
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 25,000 25,000
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