REGISTERED NUMBER: 06616445 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PIPE DREAM EXHAUSTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A C Banks

Mrs J L Banks

Mr D Banks

REGISTERED OFFICE:

Lakeside Industrial Estate

Lakeside Road

Leeds

West Yorkshire

LS12 4QP

REGISTERED NUMBER:

06616445 (England and Wales)

ACCOUNTANTS:

Temporal Lennon & Company Limited

Chartered Accountants

Suite 1

1 The Crescent

Adel

Leeds

West Yorkshire

LS16 6AA

FIXED ASSETS

Tangible assets

4

166,654

126,205

CURRENT ASSETS

Stocks

18,500

18,800

Debtors

5

6,907

7,965

Cash at bank

388,287

365,516

413,694

392,281

CREDITORS

Amounts falling due within one year

6

157,741

133,985

NET CURRENT ASSETS

255,953

258,296

TOTAL ASSETS LESS CURRENT LIABILITIES

422,607

384,501

PROVISIONS FOR LIABILITIES

3,076

-

NET ASSETS

419,531

384,501

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

419,481

384,451

SHAREHOLDERS' FUNDS

419,531

384,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mrs J L Banks - Director

1.	STATUTORY INFORMATION

Pipe Dream Exhausts 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.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

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 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 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

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

142,463

210,093

31,007

383,563

Additions

50,605

81,275

2,343

134,223

Disposals

-

(67,950

)

-

(67,950

)

At 31 August 2025

193,068

223,418

33,350

449,836

DEPRECIATION

At 1 September 2024

105,551

130,507

21,300

257,358

Charge for year

21,879

30,660

3,013

55,552

Eliminated on disposal

-

(29,728

)

-

(29,728

)

At 31 August 2025

127,430

131,439

24,313

283,182

NET BOOK VALUE

At 31 August 2025

65,638

91,979

9,037

166,654

At 31 August 2024

36,912

79,586

9,707

126,205

5.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Other debtors

6,907

7,826

Amounts falling due after more than one year:

Other debtors

-

139

Aggregate amounts

6,907

7,965

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

30,534

15,542

Taxation and social security

58,091

80,347

Other creditors

69,116

38,096

157,741

133,985