REGISTERED NUMBER: SC440781 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HG PYPER LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H Pyper

REGISTERED OFFICE:

6 Miller Road

Ayr

KA7 2AY

REGISTERED NUMBER:

SC440781 (Scotland)

ACCOUNTANTS:

K M Stewart & Company

6 Miller Road

Ayr

KA7 2AY

BANKERS:

Royal Bank of Scotland

Greenock Cathcart Street Branch

122 Cathcart Street

Greenock

PA15 1BA

FIXED ASSETS

Property, plant and equipment

4

62,767

70,306

CURRENT ASSETS

Inventories

5

21,363

32,573

Debtors

6

6,592

22,687

Cash at bank and in hand

5,760

6,785

33,715

62,045

CREDITORS

Amounts falling due within one year

7

69,860

93,678

NET CURRENT LIABILITIES

(36,145

)

(31,633

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,622

38,673

CREDITORS

Amounts falling due after more than one year

8

(1,667

)

(11,664

)

PROVISIONS FOR LIABILITIES

(3,243

)

(4,562

)

NET ASSETS

21,712

22,447

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

10

21,512

22,247

SHAREHOLDERS' FUNDS

21,712

22,447

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

Mr H Pyper - Director

1.	STATUTORY INFORMATION

Hg Pyper Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Functional currency

The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates

The preparation of financial statements requires the use of certain accounting estimates. It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment

The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors

The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Stock Valuation

The Company assesses the carrying value of stock on at least an annual basis, taking into consideration when each item was purchased and the Company's ability to sell that particular item. Where it is considered the net realisable value of stock has fallen below its' original cost, a provision is made by Management against the stock value in the financial statements.

Key Judgements made in the application of Accounting Policies

a) Exemptions taken in the application of FRS 102

The Company has considered and taken advantage of the following exemptions in its application of FRS 102

i) The Company has not revisited previous accounting estimates.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 4% on reducing balance

Plant and machinery - 25% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - Straight line over 3 years

Financial instruments

Classification

The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement

The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment

Financial instruments are reviewed annually for impairment.

Debtors

Debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors

Creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

70,313

52,900

16,433

6,754

146,400

DEPRECIATION

At 1 April 2024

19,540

44,984

6,345

5,225

76,094

Charge for year

2,031

1,979

2,522

1,007

7,539

At 31 March 2025

21,571

46,963

8,867

6,232

83,633

NET BOOK VALUE

At 31 March 2025

48,742

5,937

7,566

522

62,767

At 31 March 2024

50,773

7,916

10,088

1,529

70,306

5.	INVENTORIES

2025

2024

£

£

Stocks

21,363

32,573

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

6,592

22,687

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,058

15,782

Trade creditors

37,247

56,165

Taxation and social security

10,326

15,669

Other creditors

7,229

6,062

69,860

93,678

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,664

The bank loan is repayable in instalments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

10.

RESERVES

Retained

earnings

£

At 1 April 2024

22,247

Profit for the year

9,265

Dividends

(10,000

)

At 31 March 2025

21,512