REGISTERED NUMBER: 09288067 (England and Wales)

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2025

for

Architectural Bronze Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S A C Morton

Ms L C Morton

C J Shelbourne

S C J Hall

REGISTERED OFFICE:

Belton Park

Londonthorpe Road

Grantham

Lincolnshire

NG31 9SJ

REGISTERED NUMBER:

09288067 (England and Wales)

SENIOR STATUTORY AUDITOR:

Matthew Chadwick BA (Hons) FCA

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

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 the design and manufacture of bronze windows, doors, screens and secondary glazing.

REVIEW OF BUSINESS

Architectural Bronze Limited is part of a family owned and managed group of companies whose primary activity consists of the design and manufacture of bespoke bronze windows, doors, screens and secondary glazing, and the ancillary supply of timber frames and glass units for its products. It also offers a measuring, templating and installation service for those that require it.

Corporate Restructure

A corporate restructure took place at the beginning of the year in which the Company became a 100% subsidiary of a group which contained Architectural Bronze Limited and its related company, Vale Garden Houses Limited, along with two newly formed companies. The purpose of the restructure was to transfer any non-trading assets in the Company to other group companies allowing the Company to operate as an entirely trading company, dealing only in its primary activity. As part of the restructure, surplus cash was transferred to other group companies.

The restructure resulted in a reduction of £2.3m in the net assets of the Company but no reduction in overall Group net assets.

Market Conditions in 2024/25

Inflation in the UK economy, as measured by the Consumer Price Index, continued to fall from the previous year's figure of 3.2% to 2.6% for the 12 months to March 2025, which allowed the Bank of England to cut its base rate from 5.25% to 4.5% by March 2025. Nonetheless, economic growth in the UK in that period remained sluggish at 1.1%.

Lower inflation meant that raw material prices and labour costs were more predictable in the year, which in turn has given us more certainty in our future trading margins. Consumer confidence in the economy improved marginally compared to the previous year but overall it remained weak. We expect confidence in the economy to remain subdued for some time nonetheless, despite these challenges, we remain well placed to deal with the coming year.

Results

Despite the sluggishness in the UK economy we continued to work hard to secure a strong order book and achieved orders in the year of £5.6m (2024: £5.9m), ensuring a regular supply of work to occupy the factory throughout the year. Our overall turnover increased from £5.3m in 2024 to £6.2m in 2025, an 11.6% improvement.

Inflation has an impact on our trading margins but our focus on efficient manufacturing and installation countered this so that overall gross margins were maintained. As a result gross profits increased from £2.68m in 2024 to £2.96m in 2025. We maintained good control on overhead expenditure in the year and achieved overall trading profits of £1.08m, up from £0.91m in the previous year.

We continue to carry no debt whatsoever in the company and, despite the restructure and paying for the purchase of our manufacturing facility in the year, our overall liquidity remains strong with cash and liquid deposits at the year-end of £2.54m (2024: £4.24m). Stable cash flow is a good measure of a company's performance and the strong liquidity of the Company is an indicator that the company is well placed for the coming year. Our strong cash position has also allowed us to continue to hold a significant level of stock, providing our clients with long term assurances and confidence in our ability to deliver projects to them.

Due to the group restructure the net assets on our balance sheet have reduced, nonetheless we are still showing a strong position with net assets at the year-end of £3.5m (2024: £4.9m).

Investment in our business

We have undertaken a considerable amount of research and development into new products in the year, in particular on the design of a new thermal door and a fire rated door, both of which we believe will meet a growing need in the marketplace. The new thermal door will meet Building Regulation requirements on thermal efficiency while retaining the aesthetic appeal of our bronze products. The materials for this door are currently going through a rigorous approval and quality control process prior to testing. The fire rated door will respond to the growing number of enquires we have for such a product and has already been through the first phase of indicative testing. We are aiming for both products to be available to clients in early 2026.

We also continue to invest in state-of-the-art technology, machinery and equipment and remain focused on improving systems, manufacturing processes and streamlining production, to create greater efficiencies throughout the whole of the business.

PRINCIPAL RISKS AND UNCERTAINTIES

We have mitigated risks of supply chain disruption by making sure our stock levels are sufficiently high and making sure that we have in place more than one supplier for our key materials.

We continually monitor the market and, where appropriate, undertake forward buying to take advantage of favourable market conditions and minimise the risk posed by adverse swings in the exchange rate.

We continue to invest in our IT security infrastructure to ensure that we have resilient systems in the face of any IT failures or cyber attacks, through a full disaster recovery plan and off site back up processes.

DIRECTORS

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

S A C Morton

Ms L C Morton

C J Shelbourne

S C J Hall

Other changes in directors holding office are as follows:

D M Cheney ceased to be a director after 31 March 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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:

S A C Morton - Director

28 October 2025

FIXED ASSETS

Intangible assets

4

12,972

12,513

Tangible assets

5

1,214,307

477,687

1,227,279

490,200

CURRENT ASSETS

Stocks

6

1,463,306

1,534,921

Debtors

7

357,503

567,491

Cash at bank and in hand

2,543,405

4,243,144

4,364,214

6,345,556

CREDITORS

Amounts falling due within one year

8

2,003,128

1,908,483

NET CURRENT ASSETS

2,361,086

4,437,073

TOTAL ASSETS LESS CURRENT LIABILITIES

3,588,365

4,927,273

PROVISIONS FOR LIABILITIES

9

63,592

29,949

NET ASSETS

3,524,773

4,897,324

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

3,524,673

4,897,224

SHAREHOLDERS' FUNDS

3,524,773

4,897,324

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 28 October 2025 and were signed on its behalf by:

S A C Morton - Director

1.	STATUTORY INFORMATION

Architectural Bronze 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 with wholly owned subsidiaries within the group.

Turnover

Turnover is represented by the value of work done on contracts during the year, where the value includes both direct costs and overheads absorbed into contracts. No profit is taken on contracts until they are complete but if a contract is showing a loss then it is recognised immediately.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 3-5 years.

Tangible fixed assets

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

Land and Buildings

-

1% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% - 33% on cost

Motor vehicles

-

20% on 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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in 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 the Statement of Comprehensive Income.

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

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.

Pensions

The pension costs charges in the financial statements represent the contribution payable by the company during the year.

Amounts recoverable on contracts

The amount by which recorded turnover on contracts is in excess of payments on account is classified as amounts recoverable on contracts under debtors.

Payments on account

The balance of payments on account in excess of amounts offset against amounts recoverable on contracts and long term contract balances is classified as payments received on account under creditors,where applicable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

13,705

Additions

4,993

At 31 March 2025

18,698

AMORTISATION

At 1 April 2024

1,192

Charge for year

4,534

At 31 March 2025

5,726

NET BOOK VALUE

At 31 March 2025

12,972

At 31 March 2024

12,513

5.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Motor

Buildings

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

288,868

598,229

104,053

195,097

1,186,247

Additions

675,000

4,507

4,355

140,139

824,001

Disposals

-

-

-

(56,949

)

(56,949

)

At 31 March 2025

963,868

602,736

108,408

278,287

1,953,299

DEPRECIATION

At 1 April 2024

6,740

478,102

96,675

127,043

708,560

Charge for year

6,556

45,767

4,789

30,269

87,381

Eliminated on disposal

-

-

-

(56,949

)

(56,949

)

At 31 March 2025

13,296

523,869

101,464

100,363

738,992

NET BOOK VALUE

At 31 March 2025

950,572

78,867

6,944

177,924

1,214,307

At 31 March 2024

282,128

120,127

7,378

68,054

477,687

6.

STOCKS

2025

2024

£

£

Stocks

1,246,690

1,355,761

Work-in-progress

216,616

179,160

1,463,306

1,534,921

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

165,142

381,854

Amounts recoverable on contracts

46,344

68,828

Other debtors

55,619

32,769

Prepayments and accrued income

90,398

84,040

357,503

567,491

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

187,528

163,670

Tax

55,841

248,917

Social security and other taxes

53,539

36,956

VAT

139,613

9,845

Other creditors

214,379

305,169

Payments on account

1,004,990

855,056

Accrued expenses

347,238

288,870

2,003,128

1,908,483

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

63,592

29,949

Deferred

tax

£

Balance at 1 April 2024

29,949

Provided during year

33,643

Balance at 31 March 2025

63,592

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

12.	ULTIMATE CONTROLLING PARTY