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REGISTERED NUMBER: 03262229 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

HPC Gears Limited

HPC Gears Limited (Registered number: 03262229)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HPC Gears Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr J A Hinchliffe
Mr T J Hinchliffe
Mrs T J Heathcote





REGISTERED OFFICE: Little Lydgate Farm
Main Road
Holmesfield
Dronfield
Derbyshire
S18 7WB





REGISTERED NUMBER: 03262229 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

HPC Gears Limited (Registered number: 03262229)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,180,097 3,869,253
Investments 5 100 100
4,180,197 3,869,353

CURRENT ASSETS
Stocks 377,344 445,563
Debtors 6 570,701 471,970
Cash at bank and in hand 2,132,891 2,147,401
3,080,936 3,064,934
CREDITORS
Amounts falling due within one year 7 1,270,776 1,408,885
NET CURRENT ASSETS 1,810,160 1,656,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,990,357

5,525,402

PROVISIONS FOR LIABILITIES 8 694,188 582,831
NET ASSETS 5,296,169 4,942,571

CAPITAL AND RESERVES
Called up share capital 13,000 13,000
Retained earnings 5,283,169 4,929,571
SHAREHOLDERS' FUNDS 5,296,169 4,942,571

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

HPC Gears Limited (Registered number: 03262229)

Balance Sheet - continued
31 March 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:





Mr T J Hinchliffe - Director


HPC Gears Limited (Registered number: 03262229)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

HPC Gears 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.

Preparation of consolidated financial statements
The financial statements contain information about HPC Gears Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, including, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts.

Amounts recoverable on contracts are stated at sales value, and are included within year end debtors.

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

Freehold property- 2% on cost
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 20% on cost
Motor vehicles- 25% on cost
Computer equipment- 20% on cost

Freehold land is not depreciated.

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 represents purchase invoice value on a first in first out basis.

Cost is that incurred in bringing each product to its present location and condition and includes the cost of direct materials and labour plus attributable overheads based on normal levels of activity.

Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

Deferred tax
Provision is made at current rates of taxation deferred in respect of all material timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HPC Gears Limited (Registered number: 03262229)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Fixed asset investments
Fixed asset investments are stated at cost less amounts written off.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 2,077,808 4,917,666 10,277
Additions - 742,739 16,670
Disposals - (117,898 ) -
At 31 March 2025 2,077,808 5,542,507 26,947
DEPRECIATION
At 1 April 2024 492,169 2,759,245 10,276
Charge for year 41,056 350,962 1,209
Eliminated on disposal - (96,858 ) -
At 31 March 2025 533,225 3,013,349 11,485
NET BOOK VALUE
At 31 March 2025 1,544,583 2,529,158 15,462
At 31 March 2024 1,585,639 2,158,421 1

HPC Gears Limited (Registered number: 03262229)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 127,525 100,223 7,233,499
Additions - 641 760,050
Disposals - - (117,898 )
At 31 March 2025 127,525 100,864 7,875,651
DEPRECIATION
At 1 April 2024 11,488 91,068 3,364,246
Charge for year 31,881 3,058 428,166
Eliminated on disposal - - (96,858 )
At 31 March 2025 43,369 94,126 3,695,554
NET BOOK VALUE
At 31 March 2025 84,156 6,738 4,180,097
At 31 March 2024 116,037 9,155 3,869,253

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024
and 31 March 2025 100
NET BOOK VALUE
At 31 March 2025 100
At 31 March 2024 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 454,741 288,246
Amounts recoverable on contracts 90,510 158,428
Prepayments 25,450 25,296
570,701 471,970

HPC Gears Limited (Registered number: 03262229)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 102,351 115,114
Amounts owed to group undertakings 700,000 1,169,746
Tax 185,193 -
Social security and other taxes 275,261 113,369
Accrued expenses 7,971 10,656
1,270,776 1,408,885

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 694,188 595,166
Tax losses carried forward - (12,335 )
694,188 582,831

Deferred
tax
£   
Balance at 1 April 2024 582,831
Provided during year 111,357
Balance at 31 March 2025 694,188