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REGISTERED NUMBER: 01004518 (England and Wales)















BROOKSBANK VALVES LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 7

Balance Sheet 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 12


BROOKSBANK VALVES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: R J Brooksbank
J E Brooksbank





SECRETARY: Mrs M D Whitehead





REGISTERED OFFICE: Unit 4 The Crossing Business Park
Riparian Way
Cross Hills
Keighley
West Yorkshire
BD20 7BW





REGISTERED NUMBER: 01004518 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS
As shown in the statement of income and retained earnings, turnover for the year ending 31 March 2025 was £8,500.703 an increase of £1,496,128 (21.4%) compared with last year (2024: £7,004,575). Gross profit was £4,720,186 (2024: £3,686,853) being 55.5% of turnover (2024: 52.6%). After administrative expenses and other operating income, there was an operating profit of £671,715 an increase of £233,036 compared with the operating profit last year (2024: £438.679).

We finished the financial year with sales growth of 21.4% and an improved profit return on sales.

The company has a strong order book through to 2030, in both defence and oil and gas and we are confident of achieving our budgets for the forthcoming year.

We continue to invest in our people, processes and facilities notably with an additional facility in the UK.Workforce engagement remains our main priority, building on our global company values. Our management team continue to work hard to develop our workforce skills by identifying training and development opportunities for all team members.

During the year we made significant investment in our machining capabilities, and we continue to look for ways to improve efficiency with the implementation of new technologies.

PRINCIPAL RISKS AND UNCERTAINTIES
Liquidity risk
The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Credit risk
The principal credit risk arises from the company's trade debtors. In order to manage credit risk the directors set limits for customers based on a combination of payment history and third party credit references. Credit limits are reviewed by the head of finance on a regular basis in conjunction with debt ageing and collection history.

Effects on the value of sterling
Sterling is very low currently which means that imported products are significantly more expensive and therefore margins are reduced. This also impacts metal prices which are all set in US dollars.

Metal prices
Copper and nickel prices remained manageable however this may change with the move towards electric vehicles.

Skills shortages
A continued and significant risk to UK manufacturing is the shortage of engineering and other skilled labour. To offset this risk, we have invested in our apprenticeship programme and we are considering offshoring some resources.

ON BEHALF OF THE BOARD:





Mrs M D Whitehead - Secretary


17 July 2025

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of valve engineers.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2025.

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

R J Brooksbank
J E Brooksbank

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, DSC Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



Mrs M D Whitehead - Secretary


17 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BROOKSBANK VALVES LIMITED

Opinion
We have audited the financial statements of Brooksbank Valves Limited (the 'company') for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BROOKSBANK VALVES LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and the inspection of other regulatory and legal correspondence. We addressed the risk of management override of internal controls, including testing journals and estimates and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud and the completeness of incoming resources by substantive testing from sales order, reviewing date of despatch and the calculation of deferred income.. We did not identify any key audit matters relating to irregularities, including fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BROOKSBANK VALVES LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

17 July 2025

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £    £   

TURNOVER 3 8,500,703 7,004,575

Cost of sales 3,780,517 3,317,722
GROSS PROFIT 4,720,186 3,686,853

Administrative expenses 4,048,471 3,248,174
OPERATING PROFIT 5 671,715 438,679

Interest receivable and similar income 93,048 71,059
764,763 509,738

Interest payable and similar expenses 6 64,223 80,992
PROFIT BEFORE TAXATION 700,540 428,746

Tax on profit 7 194,671 107,202
PROFIT FOR THE FINANCIAL YEAR 505,869 321,544

Retained earnings at beginning of year 2,420,619 2,099,075

RETAINED EARNINGS AT END OF
YEAR

2,926,488

2,420,619

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 1,857,796 1,543,469
Investments 9 57 58
1,857,853 1,543,527

CURRENT ASSETS
Stocks 10 6,154,356 4,732,395
Debtors 11 4,249,675 5,900,989
Cash at bank and in hand 1,707,361 93,548
12,111,392 10,726,932
CREDITORS
Amounts falling due within one year 12 5,241,110 4,519,530
NET CURRENT ASSETS 6,870,282 6,207,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,728,135

7,750,929

CREDITORS
Amounts falling due after more than one year 13 (5,256,648 ) (4,977,737 )

PROVISIONS FOR LIABILITIES 17 (348,495 ) (156,069 )
NET ASSETS 3,122,992 2,617,123

CAPITAL AND RESERVES
Called up share capital 18 2,754 2,754
Share premium 19 193,500 193,500
Capital redemption reserve 19 250 250
Retained earnings 19 2,926,488 2,420,619
SHAREHOLDERS' FUNDS 3,122,992 2,617,123

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





J E Brooksbank - Director


BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,469,740 (114,003 )
Interest paid (52,557 ) (70,353 )
Interest element of hire purchase payments
paid

(11,666

)

(10,639

)
Tax paid (2,245 ) -
Net cash from operating activities 2,403,272 (194,995 )

Cash flows from investing activities
Purchase of tangible fixed assets (402,868 ) (155,568 )
Sale of tangible fixed assets - 15,000
Sale of fixed asset investments 1 -
Interest received 93,048 71,059
Net cash from investing activities (309,819 ) (69,509 )

Cash flows from financing activities
Capital repayments in year (73,834 ) (103,278 )
Loans to group undertakings 292,626 (634,034 )
Loans from group undertakings (47,255 ) 188,369
Net cash from financing activities 171,537 (548,943 )

Increase/(decrease) in cash and cash equivalents 2,264,990 (813,447 )
Cash and cash equivalents at beginning of
year

2

(557,629

)

255,818

Cash and cash equivalents at end of year 2 1,707,361 (557,629 )

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025 2024
£    £   
Profit before taxation 700,540 428,746
Depreciation charges 338,662 319,654
Loss on disposal of fixed assets 127,879 16,970
Finance costs 64,223 80,992
Finance income (93,048 ) (71,059 )
1,138,256 775,303
Increase in stocks (1,421,961 ) (1,422,559 )
Decrease/(increase) in trade and other debtors 1,358,688 (2,712,391 )
Increase in trade and other creditors 1,394,757 3,245,644
Cash generated from operations 2,469,740 (114,003 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025
31.3.25 1.4.24
£    £   
Cash and cash equivalents 1,707,361 93,548
Bank overdrafts - (651,177 )
1,707,361 (557,629 )
Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 93,548 255,818
Bank overdrafts (651,177 ) -
(557,629 ) 255,818


BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025

3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

Other
non-cash
At 1.4.24 Cash flow changes At 31.3.25
£    £    £    £   
Net cash
Cash at bank
and in hand 93,548 1,613,813 1,707,361
Bank overdrafts (651,177 ) 651,177 -
(557,629 ) 2,264,990 1,707,361
Debt
Finance leases (94,634 ) 73,834 (378,000 ) (398,800 )
(94,634 ) 73,834 (378,000 ) (398,800 )
Total (652,263 ) 2,338,824 (378,000 ) 1,308,561

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Brooksbank Valves 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" 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 Brooksbank Valves Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Aluminium Bronze Valves Limited, Unit 4, The Crossing Business Park, Riparian Way, Cross Hills, Keighley, West Yorkshire BD20 7BW.

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Depreciation
The depreciation policy has been set according to management's experience of the useful lives of a typical asset in each category, something that is reviewed annually.

Provision for obsolete or slow-moving stock
A provision for obsolete or slow-moving stock has been included within the financial statements. The estimate is supported by management's review of the age of stock and their assessment is based on experience of whether this should give rise to a provision.

Turnover
Turnover is recognised on despatch or when goods are substantially completed, and sales of services are recognised when the services are provided. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are included at cost less accumulated depreciation. 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:

Plant and machinery - at varying rates on cost
Motor vehicles - 25% on reducing balance

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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

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. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025 2024
£    £   
United Kingdom 5,766,523 4,981,434
Europe 184,532 57,631
Asia 1,577,709 525,996
North & South America 596,550 272,353
Australia & New Zealand 116,040 742,447
Middle East 259,349 424,714
8,500,703 7,004,575

4. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 2,344,836 2,077,929
Social security costs 209,736 192,739
Other pension costs 71,789 69,227
2,626,361 2,339,895

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2025 2024

Production 18 19
Warehouse/Support 2 2
Apprentices 1 1
Directors 2 2
Quality assurance 7 7
Production planning 5 5
Purchasing 4 4
Engineering 6 5
Sales and project administration 9 9
Finance 5 5
59 59

2025 2024
£    £   
Directors' remuneration 122,163 119,767

5. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Other operating leases 360,327 248,610
Depreciation - owned assets 307,060 273,427
Depreciation - assets on hire purchase contracts 31,602 46,227
Loss on disposal of fixed assets 127,879 16,970
Auditors' remuneration 30,200 27,376

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank interest - 19,188
Group interest paid 51,608 48,493
Loan interest paid 949 2,672
Hire purchase 11,666 10,639
64,223 80,992

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Deferred tax 194,671 107,202
Tax on profit 194,671 107,202

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 700,540 428,746
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

175,135

107,187

Effects of:
Expenses not deductible for tax purposes 2,102 15
Group relief not recharged 17,812 -
Marginal relief (378 ) -
Total tax charge 194,671 107,202

8. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 5,541,022 9,995 5,551,017
Additions 780,868 - 780,868
Disposals (1,949,067 ) - (1,949,067 )
At 31 March 2025 4,372,823 9,995 4,382,818
DEPRECIATION
At 1 April 2024 3,998,609 8,939 4,007,548
Charge for year 338,398 264 338,662
Eliminated on disposal (1,821,188 ) - (1,821,188 )
At 31 March 2025 2,515,819 9,203 2,525,022
NET BOOK VALUE
At 31 March 2025 1,857,004 792 1,857,796
At 31 March 2024 1,542,413 1,056 1,543,469

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £ 508,481 (2024 - £ 323,285 ) in respect of assets held under hire purchase contracts.

9. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024 58
Disposals (1 )
At 31 March 2025 57
NET BOOK VALUE
At 31 March 2025 57
At 31 March 2024 58

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Brooksbank Valves Australia Pty Limited
Registered office: C/O Acute Business Services, Suite 53 Level 2, 11-15 Labouchere Road, South Perth, Australia, WA6151
Nature of business: Valve engineers
%
Class of shares: holding
Ordinary 100.00

Brooksbank Overseas Holdings Limited
Registered office: Unit 4, The Crossings Business Park, Riparian Way, Cross Hills, Keighley, West Yorkshire, BD20 7BW
Nature of business: Investment Holding Company
%
Class of shares: holding
Ordinary 100.00

10. STOCKS
2025 2024
£    £   
Raw materials 3,108,416 2,335,453
Work-in-progress 1,735,182 1,591,851
Finished goods 1,310,758 805,091
6,154,356 4,732,395

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,488,098 3,602,071
Amounts owed by group undertakings 1,263,410 1,556,036
Other debtors 313,390 635,194
Prepayments and accrued income 184,777 107,688
4,249,675 5,900,989

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 14) - 651,177
Hire purchase contracts (see note 15) 103,200 48,634
Trade creditors 1,114,659 1,579,413
Amounts owed to group undertakings 686,328 733,583
Social security and other taxes 59,410 46,927
VAT 229,177 285,857
Other creditors 12,589 200,000
Accruals and deferred income 3,035,747 973,939
5,241,110 4,519,530

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 15) 295,600 46,000
Accruals and deferred income 4,961,048 4,931,737
5,256,648 4,977,737

14. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 651,177

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 103,200 48,634
Between one and five years 295,600 46,000
398,800 94,634

Non-cancellable operating leases
2025 2024
£    £   
Within one year 198,529 116,362
Between one and five years 541,002 243,853
In more than five years 350,000 -
1,089,531 360,215

16. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdraft - 651,177
Hire purchase contracts 398,800 94,634
398,800 745,811

17. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 428,461 341,980
Tax losses carried forward (79,966 ) (185,911 )
348,495 156,069

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

17. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 156,069
Charge to Statement of Comprehensive Income during year 192,426
Balance at 31 March 2025 348,495

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
27,500 'A' Ordinary 10p 2,750 2,750
4 'B' Ordinary £1 4 4
2,754 2,754

19. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 April 2024 2,420,619 193,500 250 2,614,369
Profit for the year 505,869 505,869
At 31 March 2025 2,926,488 193,500 250 3,120,238

20. CONTINGENT LIABILITIES

Brooksbank Valves Limited has secured the bank loan of its parent undertaking Aluminium Bronze Valves Limited. At 31 March 2025 the balance on the loan was £597,717.

21. RELATED PARTY DISCLOSURES

Other related parties
2025 2024
£    £   
Administrative expenses 131,540 140,955
Amount due to related party 13,075 246,964

Administrative expenses were charged during the year from Brooksbank Industries Limited, a company under common control with Brooksbank Valves Limited.

The directors are the only key management personnel.

BROOKSBANK VALVES LIMITED (REGISTERED NUMBER: 01004518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

22. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Aluminium Bronze Valves Limited whose registered office is Unit 4, The Crossings Business Park, Riperian Way, Crosshills, Keighley, West Yorkshire, BD20 7BW.