Breton UK Machinery and Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10875041 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Breton UK Machinery and Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Fabio Bragagnolo

Mr Lorenzo Del Mutolo

REGISTERED OFFICE:

c/o AccountsCo

47 Islington Park Street

London

N1 1QB

REGISTERED NUMBER:

10875041 (England and Wales)

AUDITORS:

PG & E Professional Services Ltd

Chartered Accountants & Statutory Auditor

47 Islington Park Street

London

N1 1QB

FIXED ASSETS

Tangible assets

4

129

1,207

CURRENT ASSETS

Stocks

5

2,647

6,488

Debtors

6

347,979

1,151,944

Cash at bank

1,075,423

1,600,877

1,426,049

2,759,309

CREDITORS

Amounts falling due within one year

7

349,237

1,931,806

NET CURRENT ASSETS

1,076,812

827,503

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,076,941

828,710

PROVISIONS FOR LIABILITIES

33

2,633

NET ASSETS

1,076,908

826,077

CAPITAL AND RESERVES

Called up share capital

8

200,000

Share premium

6,162

Retained earnings

870,746

619,915

SHAREHOLDERS' FUNDS

1,076,908

826,077

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 8 September 2025 and were signed on its behalf by:

Mr Fabio Bragagnolo - Director

1.	STATUTORY INFORMATION

Breton UK Machinery and Services 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

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.

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 entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when goods have been delivered and/or installed to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Stocks

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

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

15,318

DEPRECIATION

At 1 January 2024

14,111

Charge for year

1,078

At 31 December 2024

15,189

NET BOOK VALUE

At 31 December 2024

129

At 31 December 2023

1,207

5.

STOCKS

31.12.24

31.12.23

£

Finished goods

2,647

6,488

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

186,012

601,243

Amounts owed by group undertakings

4,678

87,444

Other debtors

2,675

Prepayments and accrued income

154,614

460,582

347,979

1,151,944

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

1,712

871

Amounts owed to group undertakings

-

216,463

Social security and other taxes

184,882

327,379

Other creditors

19,372

18,926

Accruals and deferred income

143,271

1,368,167

349,237

1,931,806

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

200,000

Ordinary

1

200,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Simon Edrich (Senior Statutory Auditor)

for and on behalf of PG & E Professional Services Ltd

10.	AUDITOR LIABILITY LIMITATION

The company has limited the maximum aggregate amount of the Auditor's Liability to the company to not more than (1) the sum of 5 times the fees payable (excluding expenses and Value Added Tax) under the Engagement Letter referable to the financial year in question, or (2) £30,000 whichever is the lesser amount.

11.	ULTIMATE CONTROLLING ENTITY

The ultimate controlling party is Tofin Holdings SA.

The immediate parent company is Breton SPA, a company incorporated in Italy whose registered office is Via Giuseppe Garibaldi, 27, 31030, Castello di Godego, Treviso, Italy, which is the company's sole shareholder. The ultimate parent controlling entity is Tofin Holding SA. The financial statements of the company are consolidated in the financial statements of Sigep SPA, a company incorporated in Italy. These consolidated financial statements are available from its registered office, Via Giuseppe Garibaldi, 27, 31030, Castello di Godego, Treviso, Italy.