Company registration number 07915757 (England and Wales)
HPC (SOUTH) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
HPC (SOUTH) LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Statement of income and retained earnings
3
Balance sheet
4 - 5
Notes to the financial statements
6 - 10
HPC (SOUTH) LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
- 1 -

The director presents his annual report and financial statements for the year ended 31 January 2026.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

R J Stock
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
R J Stock
Director
14 May 2026
HPC (SOUTH) LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HPC (SOUTH) LIMITED FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HPC (South) Limited for the year ended 31 January 2026 set out on pages 4 to 10 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of HPC (South) Limited, as a body, in accordance with the terms of our engagement letter dated 17 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of HPC (South) Limited and state those matters that we have agreed to state to the b oard of d irectors of HPC (South) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HPC (South) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that HPC (South) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HPC (South) Limited. You consider that HPC (South) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HPC (South) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Myers Clark
Chartered Accountants
Suite 7A, Building 6
Croxley Park, Hatters Lane
Watford
Hertfordshire
WD18 8YH
19 May 2026
HPC (SOUTH) LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
2026
2025
£
£
Turnover
320,257
286,208
Cost of sales
(107,993)
(96,667)
Gross profit
212,264
189,541
Administrative expenses
(191,936)
(183,291)
Operating profit
20,328
6,250
Interest payable and similar expenses
(256)
(510)
Profit before taxation
20,072
5,740
Tax on profit
(3,813)
(1,090)
Profit for the financial year
16,259
4,650
Retained earnings brought forward
67,588
64,938
Dividends
(5,500)
(2,000)
Retained earnings carried forward
78,347
67,588

The profit and loss account has been prepared on the basis that all operations are continuing operations.

HPC (SOUTH) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 4 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,363
4,262
Current assets
Stocks
5,211
5,411
Debtors
5
98,232
79,212
Cash at bank and in hand
22,352
32,743
125,795
117,366
Creditors: amounts falling due within one year
6
(50,882)
(49,226)
Net current assets
74,913
68,140
Total assets less current liabilities
79,276
72,402
Creditors: amounts falling due after more than one year
7
-
0
(3,904)
Provisions for liabilities
(829)
(810)
Net assets
78,447
67,688
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
78,347
67,588
Total equity
78,447
67,688

The director of the company has elected not to include a copy of the profit and loss account within the financial statements. true

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 14 May 2026
R J Stock
Director
HPC (SOUTH) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 5 -
Company Registration No. 07915757
HPC (SOUTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
1
Accounting policies
Company information

HPC (South) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit K6, Cherrycourt Way, Leighton Buzzard, Bedfordshire, LU7 4UH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable net of VAT and trade discounts, of good provided to customers. Turnover is recognised after the delivery of goods to the customer has been completed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
Straight line over 5 years
Fixtures, fittings & equipment
Straight line over 4 years
Motor vehicles
Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

HPC (SOUTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 7 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HPC (SOUTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 8 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
5
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2025
90,524
Additions
1,850
At 31 January 2026
92,374
Depreciation and impairment
At 1 February 2025
86,262
Depreciation charged in the year
1,749
At 31 January 2026
88,011
Carrying amount
At 31 January 2026
4,363
At 31 January 2025
4,262
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
70,637
49,359
Other debtors
27,595
29,853
98,232
79,212
HPC (SOUTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 9 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
3,512
10,000
Trade creditors
30,267
29,751
Corporation tax
3,794
1,281
Other taxation and social security
12,059
6,894
Other creditors
1,250
1,300
50,882
49,226
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
3,904
8
Loans and overdrafts
2026
2025
£
£
Bank loans
3,512
13,904
Payable within one year
3,512
10,000
Payable after one year
-
0
3,904

The long-term loans are not secured by fixed charges.

The loan payable has fixed interest rate of 2.5% per annum and is payable within six years of the introduction of the loan. The company's first monthly repayment date starts one year after the introduction as the Government will pay interest and capital for the first year of the loan. This means that the monthly repayment amount are based on the loan being repaid over 5 years. There are no restrictions imposed on the company by the loan.

9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
10
Operating lease commitments
As lessee

Operating lease commitments represent rentals payable by the company for its property.

HPC (SOUTH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
10
Operating lease commitments
(Continued)
- 10 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
30,799
76,998
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