REGISTERED NUMBER: 01961230 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOPKINSON RECLAMATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Deakin

Mrs N R Hirst

REGISTERED OFFICE:

Slittingmill Recycling Centre Eckington

Staveley

Chesterfield

Derbyshire

S43 3YQ

REGISTERED NUMBER:

01961230 (England and Wales)

ACCOUNTANTS:

Jones Francis Limited

400-402 Richmond Road

Sheffield

South Yorkshire

S13 8LZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,052,119

674,095

Investments

6

4,000

4,000

1,056,119

678,095

CURRENT ASSETS

Stocks

211,311

171,464

Debtors

7

889,415

1,848,282

Cash at bank

3,181

39,085

1,103,907

2,058,831

CREDITORS

Amounts falling due within one year

8

1,397,183

661,801

NET CURRENT (LIABILITIES)/ASSETS

(293,276

)

1,397,030

TOTAL ASSETS LESS CURRENT LIABILITIES

762,843

2,075,125

CREDITORS

Amounts falling due after more than one year

9

(374,991

)

(629,596

)

PROVISIONS FOR LIABILITIES

-

(14,828

)

NET ASSETS

387,852

1,430,701

CAPITAL AND RESERVES

Called up share capital

1,480

980

Share premium

1,378,620

879,120

Retained earnings

(992,248

)

550,601

387,852

1,430,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 24 December 2025 and were signed on its behalf by:

Mrs N R Hirst - Director

1.	STATUTORY INFORMATION

Hopkinson Reclamation 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.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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 arises on business combination and represents any excess of consideration given over the fair value of the

identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is

subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 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.

Patents and licences are being amortised evenly over their estimated useful life of fourteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

8% on cost

Plant and machinery

-

25% on reducing balance

Office Equipment

-

15% on reducing balance

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Subsequent events

As of 31 December 2025, Hopkinson Waste Management Limited was a fellow subsidiary company. In June 2025, Hopkinson Waste Management Limited entered into voluntary liquidation and is in the process of being wound up. The outstanding amount as of 31 December 2024 owed by Hopkinson Waste Management Limited was written off in full as reflected in the profit and loss report.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

5,900

42,121

48,021

AMORTISATION

At 1 January 2024

and 31 December 2024

5,900

42,121

48,021

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Land and

Plant and

Office

buildings

machinery

Equipment

Totals

£

£

£

£

COST

At 1 January 2024

182,291

1,879,544

47,428

2,109,263

Additions

-

749,842

-

749,842

Disposals

-

(312,954

)

-

(312,954

)

At 31 December 2024

182,291

2,316,432

47,428

2,546,151

DEPRECIATION

At 1 January 2024

166,492

1,229,553

39,123

1,435,168

Charge for year

2,680

216,071

1,245

219,996

Eliminated on disposal

-

(161,132

)

-

(161,132

)

At 31 December 2024

169,172

1,284,492

40,368

1,494,032

NET BOOK VALUE

At 31 December 2024

13,119

1,031,940

7,060

1,052,119

At 31 December 2023

15,799

649,991

8,305

674,095

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

1,286,607

Disposals

(187,849

)

At 31 December 2024

1,098,758

DEPRECIATION

At 1 January 2024

710,729

Charge for year

116,068

Eliminated on disposal

(37,569

)

At 31 December 2024

789,228

NET BOOK VALUE

At 31 December 2024

309,530

At 31 December 2023

575,878

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

4,000

NET BOOK VALUE

At 31 December 2024

4,000

At 31 December 2023

4,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

381,912

400,598

Amounts owed by group undertakings

500,000

1,374,200

Other debtors

7,503

73,484

889,415

1,848,282

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

332,684

316,481

Hire purchase contracts

114,780

168,570

Trade creditors

188,666

113,432

Amounts owed to group undertakings

143,659

57,318

Taxation and social security

47,652

-

Other creditors

569,742

6,000

1,397,183

661,801

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

374,991

629,596

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

332,684

316,481

Hire purchase contracts

489,771

798,166

822,455

1,114,647

Bank overdraft includes other loan which represent proceeds of factored debts which are secured over the company's trade debtors, in favour of Skipton Business Finance.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Highgate Capital Investments Limited, a company incorporated in the United Kingdom.