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REGISTERED NUMBER: 04553067 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRONEV LIFTS LIMITED

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRONEV LIFTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S J Neville





SECRETARY:





REGISTERED OFFICE: 367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ





REGISTERED NUMBER: 04553067 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,695 59,645

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 5 215,698 95,211
Cash at bank and in hand 31,095 110,537
261,793 220,748
CREDITORS
Amounts falling due within one year 6 (187,837 ) (136,086 )
NET CURRENT ASSETS 73,956 84,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,651

144,307

CREDITORS
Amounts falling due after more than one
year

7

(53,594

)

(68,339

)
NET ASSETS 81,057 75,968

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 80,955 75,866
SHAREHOLDERS' FUNDS 81,057 75,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)

BALANCE SHEET - continued
31 DECEMBER 2023


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 April 2024 and were signed by:





S J Neville - Director


BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Bronev Lifts 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% 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.

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.

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 14 (2022 - 10 ) .

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 6,163 87,417 93,580
Additions - 23,990 23,990
Disposals (2,849 ) (14,417 ) (17,266 )
At 31 December 2023 3,314 96,990 100,304
DEPRECIATION
At 1 January 2023 4,764 29,171 33,935
Charge for year 350 19,882 20,232
Eliminated on disposal (2,849 ) (11,709 ) (14,558 )
At 31 December 2023 2,265 37,344 39,609
NET BOOK VALUE
At 31 December 2023 1,049 59,646 60,695
At 31 December 2022 1,399 58,246 59,645

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 73,000
Additions 23,990
At 31 December 2023 96,990
DEPRECIATION
At 1 January 2023 17,462
Charge for year 19,882
At 31 December 2023 37,344
NET BOOK VALUE
At 31 December 2023 59,646
At 31 December 2022 55,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,583 95,211
Other debtors 119,115 -
215,698 95,211

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 19,227 15,115
Trade creditors 67,909 50,883
Taxation and social security 50,234 28,710
Other creditors 40,467 31,378
187,837 136,086

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 31,094 35,839
53,594 68,339

8. RELATED PARTY DISCLOSURES

The company's director and his wife own 99% of the issued voting share capital of the company.

The director and his wife own the property from which the company operated during the year. The company pays rent for the use of the property. The amount charged to the profit and loss account during the year in respect of the rental of this property was £18,500 (2022 - £17,200).

The company's director and his wife own another company, Bronev Properties Limited, which has purchased a property which Bronev Lifts Limited will operate from going forward. During the year, Bronev Lifts Limited loaned Bronev Properties Limited £119,115. This is included in the balance sheet under current assets, and is repayable on demand. No interest is being charged on this loan.