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Registration number: 05266492

Knightsbridge Mechanical Handling Limited
Filleted Financial Statements
for the Year Ended 31 January 2025

Knightsbridge Mechanical Handling Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 9

Knightsbridge Mechanical Handling Limited

(Registration number: 05266492)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 2,866,982 | 2,698,821
Current assets |  |  |
Stocks | 6 | 486,556 | 371,793
Debtors | 7 | 3,501,874 | 3,259,208
Cash at bank and in hand |  | 71,997 | 59,115
|  | 4,060,427 | 3,690,116
Creditors: Amounts falling due within one year | 8 | (3,754,267) | (3,372,594)
Net current assets |  | 306,160 | 317,522
Total assets less current liabilities |  | 3,173,142 | 3,016,343
Creditors: Amounts falling due after more than one year | 8 | (352,173) | (346,389)
Provisions for liabilities |  | (193,318) | (244,823)
Net assets |  | 2,627,651 | 2,425,131
Capital and reserves |  |  |
Called up share capital |  | 116 | 116
Retained earnings |  | 2,627,535 | 2,425,015
Shareholders' funds |  | 2,627,651 | 2,425,131

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:

......................................... P Vousden Director

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10 & 11
Pipers Lane Industrial Estate
Pipers Lane
Thatcham
RG19 4NA
United Kingdom

The principal place of business is:
Unit 20 Newby Road
Newby Road Industrial Estate
Hazel Grove
Stockport
SK7 5DA
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 22 September 2025 was Emily Ness BFP FCA, who signed for and on behalf of UHY Ross Brooke.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale and hire of forklift
truck and provision of maintenance services in the ordinary course of the company’s activities. Turnover is
shown net of value added tax, returns, rebates and discounts. Revenue is recognised upon satisfaction of
performance obligations including the delivery of forktrucks sold, across the period of hire or the completion
of maintenance services.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery & Tooling | 15-50% straight line
Leasehold improvements | 10% straight line
Office Equipment | 33% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 11).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 February 2024 | 40,649 | 40,649
At 31 January 2025 | 40,649 | 40,649
Amortisation
At 1 February 2024 | 40,649 | 40,649
At 31 January 2025 | 40,649 | 40,649
Carrying amount
At 31 January 2025 | - | -

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

5 | Tangible assets

| Long leasehold land and buildings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 February 2024 | - | 4,129,353 | 59,894 | 4,189,247
Additions | 95,521 | 910,962 | 17,947 | 1,024,430
Disposals | - | (301,201) | (304) | (301,505)
At 31 January 2025 | 95,521 | 4,739,114 | 77,537 | 4,912,172
Depreciation
At 1 February 2024 | - | 1,433,761 | 56,665 | 1,490,426
Charge for the year | 5,221 | 647,442 | 2,468 | 655,131
Eliminated on disposal | - | (100,367) | - | (100,367)
At 31 January 2025 | 5,221 | 1,980,836 | 59,133 | 2,045,190
Carrying amount
At 31 January 2025 | 90,300 | 2,758,278 | 18,404 | 2,866,982
At 31 January 2024 | - | 2,695,592 | 3,229 | 2,698,821

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 486,556 | 371,793

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 1,289,297 | 1,193,120
Amounts owed by related parties | 12 | 2,101,880 | 1,934,880
Prepayments |  | 78,102 | 65,235
Other debtors |  | 32,595 | 65,973
|  | 3,501,874 | 3,259,208

The amounts owed by related parties are unsecured, interest free and repayable on demand. However, the company does not intend to recall the amounts owed in the next 18 months.

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 2,245,568 | 1,648,164
Trade creditors |  | 654,165 | 590,293
Amounts owed to related parties | 12 | 253,955 | 380,920
Taxation and social security |  | 480,507 | 575,760
Other creditors |  | 120,072 | 177,457
|  | 3,754,267 | 3,372,594

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 11 | 352,173 | 346,389

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 87,925 | 38,000
Later than one year and not later than five years | 340,000 | 9,500
Later than five years | 353,973 | -
| 781,898 | 47,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £76,017 (2024 - £38,000).

10 | Pensions and other scheme

The company operates a define contribution pension scheme. The pension cost charge for th eyear represents contributions payable by the company to the scheme and amounted to £9,768 (2024 - £9,704)
Contributions totalling £1,175 (2024 - £1,617) were payable to the scheme at the end of the year and are included in creditors.

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

11 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,245,568 | 1,648,164

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 352,173 | 346,389

The hire purchase facilities are secured against the fixed assets to which they relate.
The Company entered into a finance arrangement on 11 June 2021, the terms were amended on 19 August
2022 and further restated on 27 August 2024. The finance arrangements are asset-based lending arrangements
as follows:
• A Receivables Finance Facility at a 2.45% discount margin repayable no earlier than August 2029.
• A P&M Loan Facility, interest bearing at 3.85% plus base rate and repayable over 4 years on a monthly basis, repayable August 2029.
• A Loan Facility, interest bearing at 4.85% plus base rate payable over 5 years on a monthly basis, repayable August 2029.
• A CBILs Loan Facility, interest bearing at 4.99% plus base rate, repayable over 5 years on a monthly basis, repayable August 2029.

12 | Related party transactions

The company intends to take advantage of the exemption from disclosing related party transactions to wholly-owned group entities under FRS 102 Paragraph 33.1A.

Knightsbridge Mechanical Handling Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

13 | Ultimate Controlling Party

After the acquisition of the parent company by Shoo 677 Limited on 27 August 2024, the ultimate controlling party changed to YFM Equity Partners LLP.
The company's immediate parent is Tamworth Holdings Limited, incorporated in United Kingdom.
The ultimate parent is YFM Equity Partners LLP, incorporated in United Kingdom.
The most senior parent entity producing publicly available financial statements is Shoo 677 Limited. These financial statements are available upon request from :
Shoo 677 Limited
Unit 10 & 11 Pipers Lane Industrial Estate
Pipers Lane
Thatcham
RH19 4NA
United Kingdom