REGISTERED NUMBER: 02816389 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRYN ROBERTS WORKSHOPS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P R M Tidmarsh

A C B Tidmarsh

E J Holmes

REGISTERED OFFICE:

Abbey Road North

Wrexham Industrial Estate

Wrexham

LL13 9RF

REGISTERED NUMBER:

02816389 (England and Wales)

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditor

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

BANKERS:

HSBC Bank Plc

Wrexham High Street

17-19 Regent Street

Wrexham

LL11 1RY

FIXED ASSETS

Tangible assets

4

131,313

136,107

CURRENT ASSETS

Stocks

500,274

499,454

Debtors

15,514

38,806

Cash at bank

32,151

24,505

547,939

562,765

CREDITORS

Amounts falling due within one year

481,026

507,130

NET CURRENT ASSETS

66,913

55,635

TOTAL ASSETS LESS CURRENT LIABILITIES

198,226

191,742

PROVISIONS FOR LIABILITIES

32,558

33,697

NET ASSETS

165,668

158,045

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

39,700

39,700

Retained earnings

124,968

117,345

SHAREHOLDERS' FUNDS

165,668

158,045

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2025 and were signed on its behalf by:

E J Holmes - Director

1.	STATUTORY INFORMATION

Bryn Roberts Workshops 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 the provisions of Section 1A "Small Entities" of 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, as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT. Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Office equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition.

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.

Hire purchase and leasing commitments

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.

Going concern

The financial statements have been prepared on a going concern basis as there are no material uncertainties about the company's ability to continue its operations.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2024

542,820

Additions

19,881

At 31 December 2024

562,701

DEPRECIATION

At 1 January 2024

406,713

Charge for year

24,675

At 31 December 2024

431,388

NET BOOK VALUE

At 31 December 2024

131,313

At 31 December 2023

136,107

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 1993

70,779

Cost

491,922

562,701

Plant and machinery previously revalued would have a net book value of £Nil under the historic cost basis.

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

55,000

55,000

Between one and five years

220,000

220,000

In more than five years

403,333

458,333

678,333

733,333

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

The Report of the Auditors was unqualified.

Mark Ashfield BA FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

7.	PENSION COMMITMENTS

During the year under review £34,793 (2023: £29,296) was charged to the profit and loss account in respect of pension costs. There were no outstanding contributions at the year end (2023: £nil).

8.	CONTINGENT LIABILITIES

There is an unlimited multilateral guarantee in place dated 3 October 2005 given by TFH (Worcestershire) Limited, TFH Holdings Limited and Bryn Roberts Workshops Limited, in favour of HSBC Bank plc.

As at 31 December 2024 the group had exposure on amounts owed to the bank of £1,065,012 (2023: £279,185).

9.	RELATED PARTY DISCLOSURES

TFH (Worcestershire) Limited

Intermediate parent undertaking

Sales to the value of £1,536,751 (2023: £1,607,516) were made during the year.

A management charge of £35,000 (2023: £35,000) was incurred during the year.

Group interest has been charged of £9,690 (2023: £7,181).

Dividends of £12,150 (2023: £17,346) were paid.

At the year end the company owed £323,205 (2023: £271,198) to TFH (Worcestershire) Limited.

TFH Holdings Limited

Ultimate parent undertaking

During the year, the company paid rent to TFH Holdings Limited of £55,000 (2023: £55,000). No amounts were due at the year end (2023: £Nil).

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is TFH Holdings Limited.

No consolidated accounts are drawn up by TFH Holdings Limited.