Company Registration No. 12290896 (England and Wales)
Hulcan Ltd
Unaudited accounts
for the year ended 31 December 2024
Hulcan Ltd
Unaudited accounts
Contents
Hulcan Ltd
Company Information
for the year ended 31 December 2024
Directors
J Wilkinson
M Maher
M Graf Von Hardenberg
D C Epstein
Company Number
12290896 (England and Wales)
Registered Office
Unit 12A 31 East Business Park
Kingfisher Way
Dinnington
Rotherham
S25 3AF
United Kingdom
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Hulcan Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
431,682
77,000
Tangible assets
71,368
59,482
Inventories
3,693,126
1,804,108
Cash at bank and in hand
141,543
25,362
Creditors: amounts falling due within one year
(2,420,899)
(3,613,971)
Net current assets/(liabilities)
2,408,665
(882,957)
Net assets/(liabilities)
2,911,715
(746,475)
Called up share capital
151
151
Share premium
2,399,949
2,399,949
Capital contribution reserve
5,284,841
2,178,392
Profit and loss account
(4,773,226)
(5,324,967)
Shareholders' funds
2,911,715
(746,475)
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
J Wilkinson
Director
Company Registration No. 12290896
Hulcan Ltd
Notes to the Accounts
for the year ended 31 December 2024
Hulcan Ltd is a private company, limited by shares, registered in England and Wales, registration number 12290896. The registered office is Unit 12A 31 East Business Park, Kingfisher Way, Dinnington, Rotherham, S25 3AF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Computer equipment
20% straight line
During the financial period, the amortisation on the intellectual property recognised under Intangible fixed assets has been provided for and amortised over a 10 year useful life.
The accounts have been prepared on the going concern basis. The company is currently in a period of growth while building its brand and customer base with the intention to turn a profit in the next 5 years. The company continues to operate through the support of loans from the shareholder's other businesses and outside investors.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Hulcan Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
463,129
Charge for the year
31,447
At 31 December 2024
31,447
At 31 December 2024
431,682
At 31 December 2023
77,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
21,705
25,389
54,961
102,055
Additions
-
24,276
11,247
35,523
At 31 December 2024
21,705
49,665
66,208
137,578
At 1 January 2024
11,561
9,425
21,587
42,573
Charge for the year
5,362
6,345
11,930
23,637
At 31 December 2024
16,923
15,770
33,517
66,210
At 31 December 2024
4,782
33,895
32,691
71,368
At 31 December 2023
10,144
15,964
33,374
59,482
Amounts falling due within one year
Trade debtors
11,408
164,777
Accrued income and prepayments
36,302
301,037
Other debtors
942,024
435,730
Hulcan Ltd
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,285,495
1,644,099
Taxes and social security
53,857
326,139
Other creditors
1,011,520
1,302,563
Loans from directors
-
214,684
8
Average number of employees
During the year the average number of employees was 18 (2023: 19).