Registration number: 11220059

Piper Autos Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Piper Autos Limited

Company Information

Director

N J Piper

Registered office

Rear Greencare Stoney Lane Ashmore Green Thatcham Berkshire RG18 9HE

Accountants

Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Piper Autos Limited

(Registration number: 11220059)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	66,439	31,924
Current assets
Stocks	6	2,705	2,560
Debtors	7	62,009	60,129
		64,714	62,689
Creditors: Amounts falling due within one year	8	(146,690)	(101,333)
Net current liabilities		(81,976)	(38,644)
Total assets less current liabilities		(15,537)	(6,720)
Creditors: Amounts falling due after more than one year	8	-	(1,769)
Provisions for liabilities		(12,623)	-
Net liabilities		(28,160)	(8,489)
Capital and reserves
Called up share capital	9	1	1
Retained earnings		(28,161)	(8,490)
Shareholders' deficit		(28,160)	(8,489)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 August 2026
 

......................................... N J Piper Director

Piper Autos Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Rear Greencare
Stoney Lane
Ashmore Green
Thatcham
Berkshire
RG18 9HE

These financial statements were authorised for issue by the director on 19 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is reliant on the financial support of Nigel Piper, director and shareholder, who has committed to provide additional cash injections as required therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of motor vehicle repair services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Piper Autos Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

During the year, the directors reviewed the estimated useful life of certain equipment and revised it from 10 years to 5 years. This revision has been accounted for as a change in accounting estimate and has been applied prospectively. The change increased the depreciation charge for the year by £6,382.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Piper Autos Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Piper Autos Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2025 - 3).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	10,000	10,000
At 31 March 2026	10,000	10,000
Amortisation
At 1 April 2025	10,000	10,000
At 31 March 2026	10,000	10,000
Carrying amount
At 31 March 2026	-	-

Piper Autos Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

5	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	32,724	32,724
Additions	45,204	45,204
At 31 March 2026	77,928	77,928
Depreciation
At 1 April 2025	800	800
Charge for the year	10,689	10,689
At 31 March 2026	11,489	11,489
Carrying amount
At 31 March 2026	66,439	66,439
At 31 March 2025	31,924	31,924

Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of short leasehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Other inventories	2,705	2,560

7

Debtors

Current	2026 £	2025 £
Trade debtors	1,628	5,796
Prepayments	772	2,917
Other debtors	59,609	51,416
	62,009	60,129

Piper Autos Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	17,608	31,731
Trade creditors		28,090	27,659
Taxation and social security		2,098	1,532
Accruals and deferred income		2,550	2,400
Other creditors		96,344	38,011
		146,690	101,333

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	-	1,769

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary share capital of £0.01 each	100	1	100	1

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	1,769

Piper Autos Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

10	Loans and borrowings (continued)

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,769	10,462
Bank overdrafts	15,839	21,269
	17,608	31,731

11	Related party transactions

Transactions with the director

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
N J Piper
Interest bearing loan	36,779	47,162	(40,946)	42,995

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
N J Piper
Interest bearing loan	42,534	2,419	(8,174)	36,779