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Registered number: 06793400
GCL Hopkins Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Nigel Ricks & Company Ltd
Chartered Accountants
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06793400
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,548 28,432
46,548 28,432
CURRENT ASSETS
Stocks 5 47,000 37,000
Debtors 6 7,958 8,520
Cash at bank and in hand 14,702 7,444
69,660 52,964
Creditors: Amounts Falling Due Within One Year 7 (86,733 ) (90,883 )
NET CURRENT ASSETS (LIABILITIES) (17,073 ) (37,919 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,475 (9,487 )
Creditors: Amounts Falling Due After More Than One Year 8 (26,320 ) (23,212 )
NET ASSETS/(LIABILITIES) 3,155 (32,699 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 3,055 (32,799 )
SHAREHOLDERS' FUNDS 3,155 (32,699)
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For the year ending 31 January 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.
On behalf of the board
Mr David Hopkins
Director
7th April 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
GCL Hopkins Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06793400 . The registered office is 11 The Rushes, Loughborough, Leicestershire, LE11 5BE.
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. 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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Office Equipment 15% Reducing Balance
2.4. 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.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 11)
8 11
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 February 2024 7,837 56,333 2,771 9,736 76,677
Additions - 32,900 487 - 33,387
Disposals - (15,350 ) - - (15,350 )
As at 31 January 2025 7,837 73,883 3,258 9,736 94,714
Depreciation
As at 1 February 2024 5,562 32,857 2,420 7,406 48,245
Provided during the period 341 5,869 77 350 6,637
Disposals - (6,716 ) - - (6,716 )
As at 31 January 2025 5,903 32,010 2,497 7,756 48,166
Net Book Value
As at 31 January 2025 1,934 41,873 761 1,980 46,548
As at 1 February 2024 2,275 23,476 351 2,330 28,432
5. Stocks
2025 2024
£ £
Materials 45,000 25,000
Work in progress 2,000 12,000
47,000 37,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,697 8,470
Prepayments and accrued income 261 50
7,958 8,520
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,580 7,152
Trade creditors 49,330 31,798
Bank loans and overdrafts 11,596 12,224
Other taxes and social security 2,695 4,526
VAT 6,290 10,701
Net wages 7,758 6,202
Accruals and deferred income 2,372 2,280
Directors' loan accounts 112 16,000
86,733 90,883
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 26,320 9,195
Bank loans - 14,017
26,320 23,212
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,580 7,152
Later than one year and not later than five years 26,320 9,195
32,900 16,347
32,900 16,347
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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