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REGISTERED NUMBER: 04553067 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRONEV LIFTS LIMITED

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRONEV LIFTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







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 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 185,978 60,695

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 5 211,216 215,698
Cash at bank and in hand 39,326 31,095
265,542 261,793
CREDITORS
Amounts falling due within one year 6 (302,810 ) (187,837 )
NET CURRENT (LIABILITIES)/ASSETS (37,268 ) 73,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,710

134,651

CREDITORS
Amounts falling due after more than one
year

7

(42,430

)

(53,594

)

PROVISIONS FOR LIABILITIES (46,494 ) -
NET ASSETS 59,786 81,057

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 59,684 80,955
SHAREHOLDERS' FUNDS 59,786 81,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 2024


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 9 April 2025 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 2024

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.

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 15 (2023 - 14 ) .

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 - 3,314 96,990 100,304
Additions 64,840 64,770 30,575 160,185
Disposals - - (24,733 ) (24,733 )
At 31 December 2024 64,840 68,084 102,832 235,756
DEPRECIATION
At 1 January 2024 - 2,265 37,344 39,609
Charge for year - 1,920 17,846 19,766
Eliminated on disposal - - (9,597 ) (9,597 )
At 31 December 2024 - 4,185 45,593 49,778
NET BOOK VALUE
At 31 December 2024 64,840 63,899 57,239 185,978
At 31 December 2023 - 1,049 59,646 60,695

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 96,990
Additions 30,575
Disposals (24,733 )
Transfer to ownership (26,708 )
At 31 December 2024 76,124
DEPRECIATION
At 1 January 2024 37,344
Charge for year 17,846
Eliminated on disposal (9,597 )
Transfer to ownership (18,438 )
At 31 December 2024 27,155
NET BOOK VALUE
At 31 December 2024 48,969
At 31 December 2023 59,646

BRONEV LIFTS LIMITED (REGISTERED NUMBER: 04553067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,109 96,583
Other debtors 65,107 119,115
211,216 215,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,700 10,000
Hire purchase contracts 15,560 19,227
Trade creditors 101,682 67,909
Taxation and social security 48,119 50,234
Other creditors 112,749 40,467
302,810 187,837

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 29,930 31,094
42,430 53,594

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 until October 2024. From that date it is being used by the company as warehouse space. 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 £19,200 (2023 - £18,500).

The company's director and his wife own another company, Bronev Properties Limited, which has purchased the property which Bronev Lifts Limited now operate from. The amount charged to the profit and loan account during the year in respect of the rental of this property was £30,822.

At the balance sheet date Bronev Properties Limited owed Bronev Lifts Ltd £65,106 for monies loaned. This is included in the balance sheet under current assets, and is repayable on demand. No interest is being charged on this loan.