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REGISTERED NUMBER: 07990593 (England and Wales)





















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

BISON MACHINERY LIMITED

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)






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




Page

Company Information 1

Report of the Directors 2

Statement of Financial Position 3

Notes to the Financial Statements 5


BISON MACHINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: R H Bushnell
Mrs R M Bushnell
G S Bushnell
G H Bushnell
A R Bushnell





REGISTERED OFFICE: St Albans Road
Industrial Estate
Stafford
Staffordshire
ST16 3DR





REGISTERED NUMBER: 07990593 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

R H Bushnell
Mrs R M Bushnell
G S Bushnell
G H Bushnell
A R Bushnell

Other changes in directors holding office are as follows:

P C Dawber - resigned 24th October 2024

PURCHASE OF OWN SHARES
On 24 October 2024 the company purchased 1,000 ordinary shares for a consideration of £500,000. This amount has reduced the net assets at the balance sheet date.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G S Bushnell - Director


8th May 2025

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 290,971 363,337
Tangible assets 6 589,098 398,202
Investments 7 100 100
880,169 761,639

CURRENT ASSETS
Stocks 2,939,970 3,087,227
Debtors 8 1,385,307 395,018
Prepayments and accrued income 81,372 71,453
Cash at bank and in hand 1,158,397 1,197,688
5,565,046 4,751,386
CREDITORS
Amounts falling due within one year 9 1,360,724 780,520
NET CURRENT ASSETS 4,204,322 3,970,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,084,491

4,732,505

CREDITORS
Amounts falling due after more than one
year

10

(267,397

)

(128,883

)

PROVISIONS FOR LIABILITIES (103,840 ) (65,016 )

ACCRUALS AND DEFERRED INCOME (11,094 ) (10,261 )
NET ASSETS 4,702,160 4,528,345

CAPITAL AND RESERVES
Called up share capital 9,000 10,000
Capital redemption reserve 1,000 -
Retained earnings 4,692,160 4,518,345
SHAREHOLDERS' FUNDS 4,702,160 4,528,345

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

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

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Board of Directors and authorised for issue on 8th May 2025 and were signed on its behalf by:





G S Bushnell - Director


BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Bison Machinery Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07990593 and registered office is St Albans Road Industrial Estate, Stafford, ST16 3DR.

The principal activity during the year was that of selling and servicing of metal working machinery and related consumable products.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Functional currency
The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company. It may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, stock, tangible fixed assets and provisions are its critical accounting policies.

Turnover
Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

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

3. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 29 ) .

5. INTANGIBLE FIXED ASSETS
Trade
Goodwill marks Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 1,392,629 5,316 1,397,945
AMORTISATION
At 1st January 2024 1,032,131 2,477 1,034,608
Amortisation for year 72,100 266 72,366
At 31st December 2024 1,104,231 2,743 1,106,974
NET BOOK VALUE
At 31st December 2024 288,398 2,573 290,971
At 31st December 2023 360,498 2,839 363,337

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

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

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2024 151,139 235,437 94,274 303,989 784,839
Additions - 4,200 8,217 417,473 429,890
Disposals - - - (215,449 ) (215,449 )
At 31st December 2024 151,139 239,637 102,491 506,013 999,280
DEPRECIATION
At 1st January 2024 42,209 159,285 74,235 110,908 386,637
Charge for year 6,046 19,633 6,243 78,079 110,001
Eliminated on disposal - - - (86,456 ) (86,456 )
At 31st December 2024 48,255 178,918 80,478 102,531 410,182
NET BOOK VALUE
At 31st December 2024 102,884 60,719 22,013 403,482 589,098
At 31st December 2023 108,930 76,152 20,039 193,081 398,202

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2024 72,725 303,989 376,714
Additions - 400,178 400,178
Disposals - (215,449 ) (215,449 )
Transfer to ownership - (19,750 ) (19,750 )
At 31st December 2024 72,725 468,968 541,693
DEPRECIATION
At 1st January 2024 18,181 110,908 129,089
Charge for year 13,636 73,777 87,413
Eliminated on disposal - (86,456 ) (86,456 )
Transfer to ownership - (11,187 ) (11,187 )
At 31st December 2024 31,817 87,042 118,859
NET BOOK VALUE
At 31st December 2024 40,908 381,926 422,834
At 31st December 2023 54,544 193,081 247,625

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 100
NET BOOK VALUE
At 31st December 2024 100
At 31st December 2023 100

BISON MACHINERY LIMITED (REGISTERED NUMBER: 07990593)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 553,420 387,994
Other debtors 831,887 7,024
1,385,307 395,018

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 111,030 85,960
Trade creditors 549,879 315,519
Taxation and social security 695,281 366,243
Other creditors 4,534 12,798
1,360,724 780,520

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 267,397 128,883

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 378,427 214,843

The hire purchase creditors are secured against the assets to which they relate.

12. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £100,247 (2023 - £1,597).

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Bison Machinery Holdings Limited, registered number 15949590. The registered office of the company is St Albans Road Industrial Estate, Stafford, ST16 3DR.