PIPER WELLS LIMITED

Company Registration Number:
03842297 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

PIPER WELLS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

PIPER WELLS LIMITED

Company Information

for the Period Ended 30 September 2024




Director: Dr P L Wells
Mrs R Wells
Secretary: Mrs R Wells
Registered office: Tashinga
High Street Bishops Waltham
Southampton
Hampshire
SO32 1AB
Company Registration Number: 03842297 (England and Wales)

PIPER WELLS LIMITED

Directors' Report Period Ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal Activities

The principal activity of the company in the year under review was that of retail giftware. Business consultancy services were also undertaken during the year.

Political and charitable donations

The company's charitable donations during the period amounted to £77.08. No political donations were made.

Directors

The directors shown below have held office during the whole of the period from 01 October 2023 to 30 September 2024
Dr P L Wells
Mrs R Wells

Secretary
Mrs R Wells

This report was approved by the board of directors on 3 June 2025
And Signed On Behalf Of The Board By:

Name: Dr P L Wells
Status: Director

PIPER WELLS LIMITED

Profit and Loss Account

for the Period Ended 30 September 2024


Notes

2024
£

2023
£
Turnover 114,138 117,610
Cost of sales ( 44,598 ) ( 50,472 )
Gross Profit or (Loss) 69,540 67,138
Administrative Expenses ( 58,995 ) ( 59,972 )
Operating Profit or (Loss) 10,545 7,166
Interest Receivable and Similar Income 742 328
Profit or (Loss) Before Tax 11,287 7,494
Tax on Profit ( 2,267 ) ( 1,538 )
Profit or (Loss) for Period 9,020 5,956

The notes form part of these financial statements

PIPER WELLS LIMITED

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 11,478 12,246
Total fixed assets: 11,478 12,246
Current assets
Stocks: 11,203 13,373
Debtors: 5 0 3,678
Cash at bank and in hand: 60,015 56,750
Total current assets: 71,218 73,801
Creditors: amounts falling due within one year: 6 ( 8,517 ) ( 10,710 )
Net current assets (liabilities): 62,701 63,091
Total assets less current liabilities: 74,179 75,337
Total net assets (liabilities): 74,179 75,337

The notes form part of these financial statements

PIPER WELLS LIMITED

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 74,079 75,237
Shareholders funds: 74,179 75,337

For the year ending 30 September 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 3 June 2025
And Signed On Behalf Of The Board By:

Name: Dr P L Wells
Status: Director

The notes form part of these financial statements

PIPER WELLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write down each asset over its estimated useful life:
    Improvements to property - 5% on reducing balance
    Fixtures & Fittings - 15% on reducing balance
    Office Equipment - 20% on reducing balance
    Plant & Machinery - 20% on reducing balance

    Valuation information and policy

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

PIPER WELLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 6

PIPER WELLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

PIPER WELLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £ £
At 01 October 2023 34,691 878 5,696 5,831 47,096
Additions - - - - -
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 30 September 2024 34,691 878 5,696 5,831 47,096
Depreciation
At 01 October 2023 23,540 416 5,518 5,376 34,850
Charge for year 557 93 27 91 768
On disposals - - - - -
Other adjustments - - - - -
At 30 September 2024 24,097 509 5,545 5,467 35,618
Net book value
At 30 September 2024 10,594 369 151 364 11,478
At 30 September 2023 11,151 462 178 455 12,246

PIPER WELLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors


2024
£

2023
£
Trade debtors 0 3,678
Total 0 3,678

PIPER WELLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 3,373 7,118
Taxation and social security 4,795 3,592
Other creditors 349
Total 8,517 10,710