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REGISTERED NUMBER: 10034653 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PIPER HALES FLOORING GROUP LIMITED

PIPER HALES FLOORING GROUP LIMITED (REGISTERED NUMBER: 10034653)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PIPER HALES FLOORING GROUP LIMITED

Company Information
for the year ended 31 March 2024







Directors: Mr R J Scott
Mr T W Piper





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 10034653 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

PIPER HALES FLOORING GROUP LIMITED (REGISTERED NUMBER: 10034653)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,083 839
Investments 5 1,403,688 1,403,688
1,404,771 1,404,527

Current assets
Stocks 6 83,556 44,036
Debtors 7 311,081 252,477
Cash at bank 54,997 -
449,634 296,513
Creditors
Amounts falling due within one year 8 388,435 270,120
Net current assets 61,199 26,393
Total assets less current liabilities 1,465,970 1,430,920

Creditors
Amounts falling due after more than one
year

9

64,585

77,030
Net assets 1,401,385 1,353,890

Capital and reserves
Called up share capital 10 74 100
Share premium 699,903 699,903
Retained earnings 701,408 653,887
Shareholders' funds 1,401,385 1,353,890

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

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

PIPER HALES FLOORING GROUP LIMITED (REGISTERED NUMBER: 10034653)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




Mr R J Scott - Director



Mr T W Piper - Director


PIPER HALES FLOORING GROUP LIMITED (REGISTERED NUMBER: 10034653)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Piper Hales Flooring Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements present information about the company as an individual undertaking and not about its group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

PIPER HALES FLOORING GROUP LIMITED (REGISTERED NUMBER: 10034653)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 87 8,196 4,252 12,535
Additions - - 753 753
At 31 March 2024 87 8,196 5,005 13,288
Depreciation
At 1 April 2023 87 8,196 3,413 11,696
Charge for year - - 509 509
At 31 March 2024 87 8,196 3,922 12,205
Net book value
At 31 March 2024 - - 1,083 1,083
At 31 March 2023 - - 839 839

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2023
and 31 March 2024 1,403,688
Net book value
At 31 March 2024 1,403,688
At 31 March 2023 1,403,688

6. Stocks
2024 2023
£    £   
Work-in-progress 28,556 4,036
Finished goods 55,000 40,000
83,556 44,036

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 201,991 185,511
Other debtors 109,090 66,966
311,081 252,477

PIPER HALES FLOORING GROUP LIMITED (REGISTERED NUMBER: 10034653)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 119,456 62,233
Trade creditors 159,761 115,573
Taxation and social security 99,112 69,372
Other creditors 10,106 22,942
388,435 270,120

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 64,585 77,030

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
74 Ordinary £1 £1 74 100

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr R J Scott
Balance outstanding at start of year 6,380 13,148
Amounts advanced 85,053 47,153
Amounts repaid (70,000 ) (53,921 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,433 6,380

Mr T W Piper
Balance outstanding at start of year 15,073 18,016
Amounts advanced 75,597 45,978
Amounts repaid (65,000 ) (48,921 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,670 15,073