Company No: 10677908 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.09.2024		30.09.2023
		£		£
Current assets
Debtors	3	218,617		223,756
Cash at bank and in hand		7,958		9,562
		226,575		233,318
Creditors: amounts falling due within one year	4	( 447,489)		( 431,816)
Net current liabilities		(220,914)		(198,498)
Total assets less current liabilities		(220,914)		(198,498)
Creditors: amounts falling due after more than one year	5	( 12,401)		( 16,467)
Net liabilities		( 233,315)		( 214,965)
Capital and reserves
Called-up share capital	6	100		100
Share premium account		49,960		49,960
Profit and loss account		( 283,375 )		( 265,025 )
Total shareholders' deficit		( 233,315)		( 214,965)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Piper Special Vehicles Limited (registered number: 10677908) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

Mr D C Eales Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Piper Special Vehicles Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 49 Main Road, Smalley, Ilkeston, DE7 6EF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £233,315. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the value of work done in the year derived from ordinary activities, stated after discounts and net of value added tax.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for services, the excess is recognised as a prepayment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	Year ended 30.09.2024		Period from 01.04.2022 to 30.09.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		4

3. Debtors

	30.09.2024		30.09.2023
	£		£
Trade debtors	5,446		1,622
Prepayments and accrued income	4,157		209,524
VAT recoverable	3,014		0
Other debtors	206,000		12,610
	218,617		223,756

4. Creditors: amounts falling due within one year

	30.09.2024		30.09.2023
	£		£
Bank loans	7,094		7,600
Trade creditors	7,399		1,119
Amounts owed to directors	82,702		80,702
Other loans (secured)	281,165		281,165
Accruals and deferred income	69,129		57,727
Other taxation and social security	0		3,503
	447,489		431,816

The above borrowing is secured on the company's assets by means of fixed and floating charges.

5. Creditors: amounts falling due after more than one year

	30.09.2024		30.09.2023
	£		£
Bank loans	12,401		16,467

6. Called-up share capital

	30.09.2024		30.09.2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

7. Financial commitments

Other financial commitments

	30.09.2024		30.09.2023
	£		£
Financial commitments not included in the balance sheet	38,000		50,000

8. Related party transactions

Other related party transactions

	30.09.2024		30.09.2023
	£		£
The amount owed by Piper Special Vehicles Limited shown in amounts owed to directors	82,702		80,702
The amount owed by Piper Special Vehicles Limited shown in other loans < 1 year	281,165		281,165
The amount owed to Piper Special Vehicles Limited shown in other debtors	206,000		0

During the period loans existed between Piper Special Vehicles Limited and other businesses in which the directors are directors and/or shareholders.

Interest on one of these loans is accruing at 5% per annum and the loans are repayable when the company is in a suitable financial position.