REGISTERED NUMBER: 04471797 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Piper Boats Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

295,920

340,710

CURRENT ASSETS

Stocks

745,718

423,940

Debtors

5

1,012,748

345,152

Cash at bank and in hand

169

100,352

1,758,635

869,444

CREDITORS

Amounts falling due within one year

6

1,571,482

779,445

NET CURRENT ASSETS

187,153

89,999

TOTAL ASSETS LESS CURRENT LIABILITIES

483,073

430,709

CREDITORS

Amounts falling due after more than one year

7

76,158

137,479

NET ASSETS

406,915

293,230

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Retained earnings

381,915

268,230

SHAREHOLDERS' FUNDS

406,915

293,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr N Plant - Director

Mr S D Piper - Director

1.	STATUTORY INFORMATION

Piper Boats Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04471797

Registered office:

Unit 6 Prospect Way

Knypersley

Stoke-on-Trent

Staffordshire

ST8 7PL

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. 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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2024

737,323

157,071

894,394

Additions

27,188

15,700

42,888

Disposals

(106,744

)

(18,000

)

(124,744

)

At 30 June 2025

657,767

154,771

812,538

DEPRECIATION

At 1 July 2024

467,534

86,150

553,684

Charge for year

42,876

18,265

61,141

Eliminated on disposal

(93,707

)

(4,500

)

(98,207

)

At 30 June 2025

416,703

99,915

516,618

NET BOOK VALUE

At 30 June 2025

241,064

54,856

295,920

At 30 June 2024

269,789

70,921

340,710

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

158,000

70,460

228,460

DEPRECIATION

At 1 July 2024

23,700

30,826

54,526

Charge for year

20,146

9,908

30,054

At 30 June 2025

43,846

40,734

84,580

NET BOOK VALUE

At 30 June 2025

114,154

29,726

143,880

At 30 June 2024

134,300

39,634

173,934

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

997,145

309,925

Other debtors

15,603

35,227

1,012,748

345,152

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

200,806

-

Hire purchase contracts

49,544

56,414

Trade creditors

555,584

375,245

Amounts owed to group undertakings

300,000

100,000

Taxation and social security

263,563

172,580

Other creditors

201,985

75,206

1,571,482

779,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

76,158

137,479

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

200,806

-

Hire purchase contracts

125,702

193,893

326,508

193,893

The hire purchase is secured on the asset.

The bank overdraft is secured by means of a fixed charge against all assets and undertaking of the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

£

Mr S D Piper

Balance outstanding at start of year

3,053

11,303

Amounts advanced

5,000

56,150

Amounts repaid

-

(64,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,053

3,053

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Piper Boats Holdings LImited.