Company registration number: 10034653
Unaudited financial statements
for the year ended 31 March 2025
for
Piper Hales Flooring Group Limited
Pages for filing with the Registrar
Company registration number: 10034653
Piper Hales Flooring Group Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 7,890 1,083
Investments 5 1,403,688 1,403,688
1,411,578 1,404,771
Current assets
Stocks 43,973 83,556
Debtors 167,749 311,081
Cash at bank and in hand 157,411 54,997
369,133 449,634
Creditors: amounts falling due within one
year
(205,344) (388,435)
Net current assets 163,789 61,199
Total assets less current liabilities 1,575,367 1,465,970
Creditors: Amounts falling due after more
than one year
(29,528) (64,585)
NET ASSETS 1,545,839 1,401,385
Capital and reserves
Called up share capital 74 74
Share premium account 699,903 699,903
Profit and loss account 845,862 701,408
TOTAL EQUITY 1,545,839 1,401,385
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10034653
Piper Hales Flooring Group Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 10 July 2025 and signed on its behalf by:
Mr T Piper, Director Mr R Scott, Director
10 July 2025 10 July 2025
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Piper Hales Flooring Group Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Piper Hales Flooring Group Limited is a private company registered in England and Wales. Its registered number is 10034653. The company is limited by shares. Its registered office is Unit 6b, Cromwell Centre, Roebuck Road, Ilford, Essex, IG6 3UG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate 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.
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.
Plant and machinery etc.:
Plant and machinery - 20% straight line
Fixtures & fittings - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 20% straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
3
Piper Hales Flooring Group Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. 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.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 5 (2024 - 5).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 13,288
Additions 7,879
Disposals (11,777)
At 31 March 2025 9,390
Depreciation
At 1 April 2024 12,205
Charge for year 1,072
Eliminated on disposal (11,777)
At 31 March 2025 1,500
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Piper Hales Flooring Group Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
Net book value
At 31 March 2025 7,890
At 31 March 2024 1,083
5 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 April 2024 1,403,688
At 31 March 2025 1,403,688
Net book value
At 31 March 2025 1,403,688
At 31 March 2024 1,403,688
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024.
2025 2024
£ £
Mr T Piper
Balance outstanding at start of year 25,670 15,073
Amounts advanced 81,782 75,597
Amounts repaid (65,312) (65,000)
Balance outstanding at end of year 42,140 25,670
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Piper Hales Flooring Group Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
6 Advances, credit and guarantees granted to directors - continued
2025 2024
£ £
Mr R Scott
Balance outstanding at start of year 21,433 6,380
Amounts advanced 86,019 85,053
Amounts repaid (65,312) (70,000)
Balance outstanding at end of year 42,140 21,433
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