IRIS Accounts Production v25.1.4.42 01708142 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017081422024-03-31017081422025-03-31017081422024-04-012025-03-31017081422023-03-31017081422023-04-012024-03-31017081422024-03-3101708142ns15:EnglandWales2024-04-012025-03-3101708142ns14:PoundSterling2024-04-012025-03-3101708142ns10:Director12024-04-012025-03-3101708142ns10:Director22024-04-012025-03-3101708142ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3101708142ns10:SmallEntities2024-04-012025-03-3101708142ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3101708142ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3101708142ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3101708142ns10:AbridgedAccounts2024-04-012025-03-3101708142ns10:OrdinaryShareClass12024-04-012025-03-3101708142ns10:RegisteredOffice2024-04-012025-03-3101708142ns5:CurrentFinancialInstruments2025-03-3101708142ns5:CurrentFinancialInstruments2024-03-3101708142ns5:Non-currentFinancialInstruments2025-03-3101708142ns5:Non-currentFinancialInstruments2024-03-3101708142ns5:ShareCapital2025-03-3101708142ns5:ShareCapital2024-03-3101708142ns5:RetainedEarningsAccumulatedLosses2025-03-3101708142ns5:RetainedEarningsAccumulatedLosses2024-03-3101708142ns5:PlantMachinery2024-04-012025-03-3101708142ns5:FurnitureFittings2024-04-012025-03-3101708142ns5:MotorVehicles2024-04-012025-03-3101708142ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 01708142 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PIPER TOUGHENED GLASS LIMITED

PIPER TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


PIPER TOUGHENED GLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr Robert John Botterman
Mr Stephen James Joiner





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 01708142 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

PIPER TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,029,418 2,115,354

CURRENT ASSETS
Stocks 37,591 38,400
Debtors 175,131 259,755
Cash at bank and in hand 330,468 313,734
543,190 611,889
CREDITORS
Amounts falling due within one year 251,036 249,308
NET CURRENT ASSETS 292,154 362,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,321,572

2,477,935

CREDITORS
Amounts falling due after more than one year 6 1,053,911 1,117,416
NET ASSETS 1,267,661 1,360,519

CAPITAL AND RESERVES
Called up share capital 7 44,282 44,282
Retained earnings 1,223,379 1,316,237
SHAREHOLDERS' FUNDS 1,267,661 1,360,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:




Mr Robert John Botterman - Director



Mr Stephen James Joiner - Director


PIPER TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Piper Toughened Glass 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 - 25% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line

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

PIPER TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Basic financial assets, which include trade and other receivables 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 constitute 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, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset id impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate. The impairment loss is recognised in profit or loss.

If there is a decrease in impairment loss arising from the event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to cash flow from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, of if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables and bank loans, 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 receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.


PIPER TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

PIPER TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 3,413,891
Additions 4,882
At 31 March 2025 3,418,773
DEPRECIATION
At 1 April 2024 1,298,537
Charge for year 90,818
At 31 March 2025 1,389,355
NET BOOK VALUE
At 31 March 2025 2,029,418
At 31 March 2024 2,115,354

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2024
and 31 March 2025 111,477
DEPRECIATION
At 1 April 2024 9,290
Charge for year 27,869
At 31 March 2025 37,159
NET BOOK VALUE
At 31 March 2025 74,318
At 31 March 2024 102,187

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2025 2024
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 982,044 1,036,247

PIPER TOUGHENED GLASS LIMITED (REGISTERED NUMBER: 01708142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
44,282 Ordinary £1 44,282 44,282

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Robert John Botterman.

Up to 3 April 2025, there had been no one single ultimate controlling party.

After that date, the director, Mr Robert John Botterman, became the ultimate controlling party by virtue of his 75% shareholding of the parent company, Instrument Glasses Limited.

9. PARENT COMPANY

The parent company is Instrument Glasses Limited.

Prior to 3 April 2025, it held 65% of the issued ordinary share capital of the company. From 3 April 2025, it increased its shareholding in Piper Toughened Glass Limited to 100%.