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REGISTERED NUMBER: 02545007 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BRONZE MECHANICAL HANDLING LIMITED

BRONZE MECHANICAL HANDLING LIMITED (REGISTERED NUMBER: 02545007)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BRONZE MECHANICAL HANDLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A D Bronze
J A D Bronze





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 02545007 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

BRONZE MECHANICAL HANDLING LIMITED (REGISTERED NUMBER: 02545007)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 217,410 -
Tangible assets 5 4,353,147 3,363,738
Investments 6 - 1,060,444
Investment property 7 430,000 430,000
5,000,557 4,854,182

CURRENT ASSETS
Stocks 1,242,608 1,073,596
Debtors 766,177 588,182
Cash at bank and in hand 2,971,976 2,255,691
4,980,761 3,917,469
CREDITORS
Amounts falling due within one year 1,921,893 1,457,848
NET CURRENT ASSETS 3,058,868 2,459,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,059,425

7,313,803

CREDITORS
Amounts falling due after more than one
year

(22,599

)

-

PROVISIONS FOR LIABILITIES (787,700 ) (551,700 )
NET ASSETS 7,249,126 6,762,103

CAPITAL AND RESERVES
Called up share capital 10 96 100
Capital redemption reserve 54 50
Undistributable reserves 50,584 50,584
Retained earnings 7,198,392 6,711,369
SHAREHOLDERS' FUNDS 7,249,126 6,762,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

BRONZE MECHANICAL HANDLING LIMITED (REGISTERED NUMBER: 02545007)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2025 and were signed on its behalf by:





J A D Bronze - Director


BRONZE MECHANICAL HANDLING LIMITED (REGISTERED NUMBER: 02545007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Bronze Mechanical Handling 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.

The place of business is different to the registered office address. The place of business is The Fork Truck Centre, Motherwell Way, West Thurrock, Essex, RM20 3XD, United Kingdom.

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.

Preparation of consolidated financial statements
The financial statements contain information about Bronze Mechanical Handling Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity: and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income from the sale of stock is recognised when the customer takes delivery of the items ordered, or otherwise accepts the primary risks and rewards of ownership. Income from the hire of trucks or the provision of other services is recognised in the period to which it relates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill - 33% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Improvements to property - 20% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

BRONZE MECHANICAL HANDLING LIMITED (REGISTERED NUMBER: 02545007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 326,115
At 30 June 2024 326,115
AMORTISATION
Amortisation for year 108,705
At 30 June 2024 108,705
NET BOOK VALUE

At 30 June 2024 217,410

Having acquired 100% ownership of Britannia Materials Handling Limited, the company hived the subsidiary's activities up to itself. Consequently, the £1.06m original cost of investment it had for acquiring a controlling interest, came to effectively represent the purchase of the trading assets of the subsidiary. This cost, less the debts the company owed to the subsidiary which were cancelled on upon restructuring, have therefore been included as the company's intangible investment in the underlying trade.

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 5,439,387
Additions 1,807,288
Disposals (460,410 )
At 30 June 2024 6,786,265
DEPRECIATION
At 1 July 2023 2,075,649
Charge for year 622,900
Eliminated on disposal (265,431 )
At 30 June 2024 2,433,118
NET BOOK VALUE
At 30 June 2024 4,353,147
At 30 June 2023 3,363,738

BRONZE MECHANICAL HANDLING LIMITED (REGISTERED NUMBER: 02545007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023 1,060,444
Disposals (1,060,444 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 1,060,444

During the period the company acquired all of the assets and activites of its subsidiary, Britannia Materials Handling Limited - please see note 5 above.

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 430,000
NET BOOK VALUE
At 30 June 2024 430,000
At 30 June 2023 430,000

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 11,539 -
Between one and five years 22,599 -
34,138 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 34,138 -

Hire purchase balances are secured against the asset to which they relate.

BRONZE MECHANICAL HANDLING LIMITED (REGISTERED NUMBER: 02545007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
95 "A Ordinary" £1 95 95
5 "B Ordinary" £1 1 5
96 100

During the year, the company repurchased 5 B shares for a total of £110,000, incurring £4,989 of stamp duty and associated costs in the process. This repurchase completed in three tranches, the last of which was due by 20 December 2024 - as the company was contractually committed to making this third £25,000 instalment it has been recognised at the balance sheet date with the outstanding amount included within creditors.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. During the year premiums paid by the company amounted to £31,460 (2023 - £29,030). At the balance sheet date there were amounts outstanding of £6,227 (2023 - £387).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRONZE MECHANICAL HANDLING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bronze Mechanical Handling Limited for the year ended 30 June 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bronze Mechanical Handling Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bronze Mechanical Handling Limited and state those matters that we have agreed to state to the Board of Directors of Bronze Mechanical Handling Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bronze Mechanical Handling Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bronze Mechanical Handling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bronze Mechanical Handling Limited. You consider that Bronze Mechanical Handling Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bronze Mechanical Handling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


21 March 2025