REGISTERED NUMBER: 09870663 (England and Wales)

Financial Statements

for the Year Ended 30 September 2025

for

Brentwood Europe Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

Ms C R Banta

Mr W J Banta

Ms K Kohler

Mr P Rye

REGISTERED OFFICE:

Unit 6 Prospect Court

Courteenhall Road

Blisworth

Northamptonshire

NN7 3DG

REGISTERED NUMBER:

09870663 (England and Wales)

AUDITORS:

Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

FIXED ASSETS

Tangible assets

4

-

3,297

CURRENT ASSETS

Debtors

5

404,304

1,258,841

Cash at bank

277,203

472,376

681,507

1,731,217

CREDITORS

Amounts falling due within one year

6

345,303

844,353

NET CURRENT ASSETS

336,204

886,864

TOTAL ASSETS LESS CURRENT LIABILITIES

336,204

890,161

CAPITAL AND RESERVES

Called up share capital

9

2

2

Share premium

6,490,577

6,490,577

Retained earnings

(6,154,375

)

(5,600,418

)

SHAREHOLDERS' FUNDS

336,204

890,161

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 15 January 2026 and were signed on its behalf by:

Ms K Kohler - Director

1.	STATUTORY INFORMATION

Brentwood Europe 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.

The financial statements are for an individual entity, they are presented in Sterling (£) and cover the period to 30th September each year.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements, predicated on the continued support of group entities.

Significant judgements and estimates

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

(a) Recognition of revenue on long-term contracts

The directors determine the recognition of revenue on long-term contracts using a combination of actual costs incurred compared to budgeted cost over the full length of the contract identifying the percentage of completion. An accrued or deferred income provision is made in relation to the percentage of completion and the sales invoices to date. At the year end a net deferred income of £Nil (2024 - £26,194) was provided for in respect of these contracts.

(b) Overhead absorption applied to stock

When determining the cost of year end stock an element of other direct costs are included additionally to the cost of material. The directors apply judgement in determining the element of other direct cost applied, being 13% of material cost.

Turnover

Turnover represents the invoiced amount of produce sold and services provided stated net of value added tax.

Turnover is recognised on evidence of delivery to the customer for product sales. For larger contracts the revenue is recognised on a stage of completion basis comparing the costs incurred against the budgeted costs and adjusting the revenue accordingly.

Tangible fixed assets

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

Improvements to property

-

33% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans and balances to and from related parties.

Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at the present value of future cash flows and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

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 impairment is found, an impairment loss is recognised in the income statement.

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 taxation

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. Forward foreign currency purchases are initially recognised at fair value on the date they are entered into and are subsequently remeasured at their fair value. Changes in the fair value are recognised in the income statement with the corresponding entry being a derivative asset or liability in the balance sheet.

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.

Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

Interest bearing borrowings

Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

10,160

4,028

8,155

22,343

DEPRECIATION

At 1 October 2024

10,160

923

7,963

19,046

Charge for year

-

3,105

192

3,297

At 30 September 2025

10,160

4,028

8,155

22,343

NET BOOK VALUE

At 30 September 2025

-

-

-

-

At 30 September 2024

-

3,105

192

3,297

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

368,146

1,225,072

Other debtors

36,158

33,769

404,304

1,258,841

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,259

16,565

Amounts owed to group undertakings

264,391

536,758

Taxation and social security

32,783

218,157

Other creditors

46,870

72,873

345,303

844,353

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

35,455

43,433

Between one and five years

4,875

20,830

40,330

64,263

8.	FINANCIAL RISK MANAGEMENT

The company has significant exposure to foreign currency, credit, liquidity and market risks, these are limited by the company's financial management policies and practices described below.

Foreign currency risk

The company has exposure to foreign currency risks as some of the company's sales and purchases are denominated in Euros and Dollars. The company operates Euro and Dollar current accounts to help mitigate the risks arising from exchange rates.

Credit risk

The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage.

Liquidity risk

The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities.

Market risk

There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the markets.

The company holds no derivative financial instruments at the year end.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

Called up share capital

This represents the nominal value of shares that have been issued.

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

The Report of the Auditors was unqualified.

Adam Billingham BA (Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Clifford Roberts

11.	RELATED PARTY DISCLOSURES

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.

12.	ULTIMATE CONTROLLING PARTY

At the balance sheet date the ultimate parent company and controlling party was Brentwood Industries, Inc., a company registered in America.

Brentwood Industries, Inc prepares group financial statements. These accounts are not publicly available.