ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 08545014

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	BROETJE-AUTOMATION UK LTD.


BROETJE-AUTOMATION UK LTD.

COMPANY INFORMATION

Directors	R Hansen
	A Baumann


Company secretary	A Lebona


Registered number	08545014


Registered office	Unit 6 Kings Court
	Prince William Avenue
	Sandycroft
	Flintshire
	CH5 2FG


Independent auditor	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


BROETJE-AUTOMATION UK LTD.

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 7


BROETJE-AUTOMATION UK LTD. REGISTERED NUMBER:08545014

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		9,085		6,124
			9,085		6,124
Current assets
Debtors due within one year	6	976,819		506,135
Cash at bank and in hand		353,500		235,021
		1,330,319		741,156
Creditors: amounts falling due within one year	7	(2,488,737)		(1,849,087)
Net current liabilities			(1,158,418)		(1,107,931)
Total assets less current liabilities			(1,149,333)		(1,101,807)

Net liabilities			(1,149,333)		(1,101,807)

Capital and reserves
Called up share capital	100,000	100,000
Profit and loss account	(1,249,333)	(1,201,807)
	(1,149,333)	(1,101,807)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Baumann

Director

Date: 5 September 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1


BROETJE-AUTOMATION UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The principal activity of Broetje-Automation UK Ltd ('the company') is the supply of production equipment for the aviation industry.
Broetje-Automation UK Ltd 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis, which assumes the company will continue to trade in operational existence for the foreseeable future. In making the assessment the director has considered the following information;
The parent company and major creditor, Broetje-Automation GmbH, has confirmed that it will continue to provide financial resources as may be required for the company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements.
The wider Broetje Group has sufficient financing commitments in the form of €40m of bank guarantees of which €12m was utilised at the year end. In addition, a further €30.6million is available in the form of working capital lines, of which €10m was used.
Furthermore, the ultimate parent company Shanghai Electric Group Company Limited, granted Broetje-Automation GmbH a loan in the amount of €50m under a loan arrangement dated 8 December 2020 for the term of a maximum of five years in order to ensure the solvency of the Group. As at 31 December 2024, €25m was utilised by Broetje-Automation GmbH.
Accordingly, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing the annual financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2


BROETJE-AUTOMATION UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue shown in the income statement is in respect of on-going contracts has been recognised on a percentage of completion basis for the supply of production equipment for the aviation industry. The percentages applied have been based on the percentage of total project costs incurred during the period.

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.6

Research and development

Research and development expenditure is written off in the year which it is incurred.

2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


BROETJE-AUTOMATION UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Machinery	-	Straight line over 3 years
Equipment	-	Straight line over 5 and 10 years
Computer and technical equipment	-	Straight line over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 13).

Page 4


BROETJE-AUTOMATION UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Intangible assets

	Trademarks	Computer software	Total
	£	£	£
Cost
At 1 January 2024	21,218	76,709	97,927
At 31 December 2024	21,218	76,709	97,927
Amortisation
At 1 January 2024	21,218	76,709	97,927
At 31 December 2024	21,218	76,709	97,927
Net book value
At 31 December 2024	-	-	-
At 31 December 2023	-	-	-

5.	Tangible fixed assets

	Plant and machinery	Office equipment	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	8,554	12,535	76,723	97,812
Additions	5,451	-	-	5,451
At 31 December 2024	14,005	12,535	76,723	103,263
Depreciation
At 1 January 2024	3,850	11,870	75,968	91,688
Charge for the year on owned assets	1,070	665	755	2,490
At 31 December 2024	4,920	12,535	76,723	94,178
Net book value
At 31 December 2024	9,085	-	-	9,085
At 31 December 2023	4,704	665	755	6,124

Page 5


BROETJE-AUTOMATION UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	411,008	70,100
Amounts owed by group undertakings	249,642	83,918
Other debtors	8,163	42,812
VAT repayable	-	28,178
Prepayments and accrued income	308,006	261,517
Tax recoverable	-	19,610
	976,819	506,135

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	82,839	71,580
Amounts owed to group undertakings	2,309,179	1,670,178
Other taxation and social security	55,880	15,633
Accruals and deferred income	40,839	91,696
	2,488,737	1,849,087

8.	Prior year restatement

A prior period restatement has arisen as a result of a reallocation of £501,125 from administrative expenses to cost of sales in order to accurately reflect the nature of the wages costs.

Not later than 1 year	53,895	55,338
Later than 1 year and not later than 5 years	139,228	193,123
	193,123	248,461

Page 6


BROETJE-AUTOMATION UK LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Parent Company

Broetje-Automation GmbH, a company incorporated in Germany, is the parent company of the smallest group for which consolidated financial statements are drawn up of which the company is a member. Their registered office is Am Autobahnkreuz 14, 26180 Rastede, Germany.

11.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 5 September 2025 by Andrew Cook FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 7