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Registration number: 1867365

B. Conway (Tail Lifts) Limited
Unaudited Filleted Financial Statements
for the Period from 1 March 2024 to 31 July 2025

B. Conway (Tail Lifts) Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

B. Conway (Tail Lifts) Limited

(Registration number: 1867365)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 633,187 | 555,996
Current assets |  |  |
Stocks |  | 663,071 | 513,405
Debtors | 5 | 1,920,301 | 999,343
Investments | 6 | 124,544 | 137,047
Cash at bank and in hand |  | 490,894 | 1,673,029
|  | 3,198,810 | 3,322,824
Creditors: Amounts falling due within one year | 7 | (1,599,973) | (1,491,758)
Net current assets |  | 1,598,837 | 1,831,066
Total assets less current liabilities |  | 2,232,024 | 2,387,062
Creditors: Amounts falling due after more than one year | 7 | (65,727) | -
Provisions for liabilities |  | (139,507) | (116,832)
Net assets |  | 2,026,790 | 2,270,230
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 2,026,690 | 2,270,130
Shareholders' funds |  | 2,026,790 | 2,270,230

B. Conway (Tail Lifts) Limited

(Registration number: 1867365)
Statement of Financial Position as at 31 July 2025

For the financial period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Income Statement.

Approved and authorised by the Board on 30 April 2026 and signed on its behalf by:

......................................... Mr A M Conway Director | ......................................... Mr M J Conway Director |

B. Conway (Tail Lifts) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 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:
B Conway Group
Windsor Street
Oldham
OL4 1AE

These financial statements were authorised for issue by the Board on 30 April 2026.

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 FRS102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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 sales/value added tax, returns, rebates and discounts.
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.

Tax

The tax expense for the period comprises current and deferred 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 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.

B. Conway (Tail Lifts) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025

Tangible assets

Tangible assets are stated in the statement of financial position 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
Leasehold Property | 12.5% straight line
Plant and Machinery | 20% reducing balance
Fixtures and Fittings | 15% reducing balance
Motor Vehicles | 20% straight line
Equipment | 20% straight line

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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

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

B. Conway (Tail Lifts) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 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 income statement 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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 period, was 27 (2024 - 27).

B. Conway (Tail Lifts) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025

4 | Tangible assets

| Leasehold property improvements £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 March 2024 | 165,335 | 332,416 | 679,486 | 1,177,237
Additions | 142,826 | 16,921 | 176,352 | 336,099
Disposals | - | (3,575) | (128,502) | (132,077)
At 31 July 2025 | 308,161 | 345,762 | 727,336 | 1,381,259
Depreciation
At 1 March 2024 | 94,585 | 245,593 | 281,066 | 621,244
Charge for the period | 15,628 | 29,869 | 188,947 | 234,444
Eliminated on disposal | - | (186) | (107,430) | (107,616)
At 31 July 2025 | 110,213 | 275,276 | 362,583 | 748,072
Carrying amount
At 31 July 2025 | 197,948 | 70,486 | 364,753 | 633,187
At 29 February 2024 | 70,750 | 86,824 | 398,422 | 555,996

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 705,296 | 674,234
Prepayments | 116,298 | 29,035
Other debtors | 1,098,707 | 296,074
| 1,920,301 | 999,343

6 | Current asset investments

| 2025 £ | 2024 £
Investments | 124,544 | 137,047

B. Conway (Tail Lifts) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 20,973 | -
Trade creditors |  | 282,520 | 316,245
Taxation and social security |  | 149,469 | 182,699
Accruals and deferred income |  | 62,048 | 59,324
Other creditors |  | 1,084,963 | 933,490
|  | 1,599,973 | 1,491,758

Creditors due within one year include net obligations under finance lease and hire purchase contracts which are secured of £20,973 (2024 - £Nil).
.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 65,727 | -

Creditors due after more than one year include net obligations under finance lease and hire purchase contracts which are secured of £65,727 (2024 - £Nil).

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 65,727 | -

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 20,973 | -

B. Conway (Tail Lifts) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £538,161 (2024 - £Nil). This the remainder of a five year operating lease ending on 4 February 2030 payable at £122,500 per year.

10 | Related party transactions

Transactions with directors

2025 | At 1 March 2024 £ | Advances to director £ | Repayments by director £ | At 31 July 2025 £
Mr M J Conway
Loan repayable on demand with interest charged at HMRC's official rate | 11,925 | 146,395 | (145,050) | 13,270
Mr A M Conway
Loan repayable on demand with interest charged at HMRC's official rate | 187,289 | 289,074 | (189,450) | 286,913

B. Conway (Tail Lifts) Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 July 2025

Summary of transactions with other related parties

B Conway (Mechanical Handling) Limited The Directors of B Conway (Mechanical Handling) Limited are also the Directors of B Conway (Tail Lifts) Limited. At the balance sheet date the amount owed to B. Conway (Mechanical Handling) Limited was £1,068,150 (2024 - £922,213). This amount is repayable on demand and no interest has been charged on the balance.
B Conway Group SIPP During the year, the company entered into transactions with the B Conway Group Self-Invested Personal Pension (SIPP), of which certain directors and shareholders are members. On 11 February 2025, the company advanced a loan of £694,800 to the SIPP to assist with the acquisition of a property which is leased to the company. The loan bears interest at a fixed rate of 7.5% per annum and is repayable in 92 monthly instalments of £10,000, with a final balancing payment, concluding in November 2032. At the year end, the balance outstanding was £668,646. During the period, the company paid rent of £74,339 to the SIPP in respect of the property. The directors consider that the transactions were undertaken on normal commercial terms.