Brooke Energy (Engineering) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Brooke Energy (Engineering) Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	94,140	52,604
Current assets
Stocks	5	220,641	123,419
Debtors	6	15,168,482	11,715,555
Cash at bank and in hand		169,022	18,857
		15,558,145	11,857,831
Creditors: Amounts falling due within one year	7	(15,125,645)	(14,930,051)
Net current assets/(liabilities)		432,500	(3,072,220)
Total assets less current liabilities		526,640	(3,019,616)
Creditors: Amounts falling due after more than one year	7	(1,758)	(11,948)
Provisions for liabilities		100,000	208,000
Net assets/(liabilities)		624,882	(2,823,564)
Capital and reserves
Called up share capital	9	3,400,000	1
Profit and loss account		(2,775,118)	(2,823,565)
Shareholders' funds/(deficit)		624,882	(2,823,564)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 December 2025 and signed on its behalf by:
 

......................................... M N Heuff Director

Company Registration Number: 10169439

Brooke Energy (Engineering) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Jewells
Hemyock
Cullompton
Devon
EX15 3PX

These financial statements were authorised for issue by the Board on 10 December 2025.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures.

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

The directors are satisfied that the financial statements should be prepared on a going concern basis.

The company, along with Brooke Energy Group Limited (immediate parent) and it's other subsidiaries, is reliant on a loan facility provided by A E Stuart Limited (ultimate parent) and a working capital facility provided by Stuart Partners Limited (another subsidiary of A E Stuart Limited). A E Stuart Limited owns 100% of the share capital of Brooke Energy Group Limited. The facilities, subject to available free cashflow, are repayable by 2030. A E Stuart Limited have further indicated that should additional funds be required, they will be made available to the company (for a period of not less than 12 months from the date of approval of these financial statements). Therefore the directors believe the going concern basis of preparation is appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Brooke Energy (Engineering) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

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.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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	20% on cost
Motor vehicles	20% on cost
Furniture, fitting and equipment	20-33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Brooke Energy (Engineering) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

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.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans and other borrowings;
• Short term intra group debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

 

Brooke Energy (Engineering) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 43 (2024 - 38).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	7,541	20,700	91,413	119,654
Additions	-	-	61,130	61,130
At 31 March 2025	7,541	20,700	152,543	180,784
Depreciation
At 1 April 2024	6,461	17,595	42,994	67,050
Charge for the year	1,080	3,105	15,409	19,594
At 31 March 2025	7,541	20,700	58,403	86,644
Carrying amount
At 31 March 2025	-	-	94,140	94,140
At 31 March 2024	1,080	3,105	48,419	52,604

5

Stocks

	2025 £	2024 £
Other inventories	220,641	123,419

6

Debtors

	2025 £	2024 £
Amounts due from group undertakings	14,880,109	11,249,925
Other debtors	279,763	465,630
Prepayments	8,610	-
	15,168,482	11,715,555

Brooke Energy (Engineering) Limited

Notes to the Financial Statements

Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,445	10,445
Trade creditors		410,716	232,938
Amounts owed to group undertakings		14,417,612	14,251,571
Taxation and social security		147,151	213,003
Other creditors		11,057	216,870
Accruals and deferred income		128,664	5,224
		15,125,645	14,930,051