Bronel Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Bronel Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02381222 . The registered office is Unit 5 Quatro Park, Paycocke Road, Basildon, Essex, SS14 3GH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover represents invoices raised for shipping provided, excluding VAT. Services relating to import sales are recognised when goods shipped arrive in the United Kingdom. Services relating to export sales are recognised when goods shipped leave the United Kingdom.

Management earnings represents fees charged to associated companies and is recognised at the fair value of the consideration receivable, shown net of VAT and other sales related taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over remaining period of lease
Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Bronel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Bronel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.8. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.10. Provisions

Provisions are recognised when the company has a legal or constructive present obligation,

as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2.11. Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long-term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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Bronel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.12. Current asset investments

Listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred. Fair value is determined with reference to quoted market values.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 19 (2024: 20)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	9,907	26,331	26,100	50,385	112,723
Additions	-	-	143,322	5,904	149,226
Disposals	-	-	(26,100 )	-	(26,100 )

As at 31 October 2025	9,907	26,331	143,322	56,289	235,849

Depreciation
As at 1 November 2024	4,703	7,410	18,892	33,536	64,541
Provided during the period	990	4,730	22,739	5,405	33,864
Disposals	-	-	(20,001 )	-	(20,001 )

As at 31 October 2025	5,693	12,140	21,630	38,941	78,404

Net Book Value
As at 31 October 2025	4,214	14,191	121,692	17,348	157,445

As at 1 November 2024	5,204	18,921	7,208	16,849	48,182

5. Investments

	Other
	£
Cost or Valuation
As at 1 November 2024	13,280
Disposals	(9,780 )

As at 31 October 2025	3,500

...CONTINUED

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Bronel Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Provision
As at 1 November 2024	-

As at 31 October 2025	-

Net Book Value
As at 31 October 2025	3,500

As at 1 November 2024	13,280

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	492,641	683,968
Amounts owed by group undertakings	940	940
Amounts owed by participating interests	-	5,363
Other debtors	126,679	221,195

	620,260	911,466

7. Current Asset Investments

	2025	2024
	£	£
Listed investments	336,401	184,129

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	448,525	548,499
Other creditors	45,986	46,596
Taxation and social security	199,327	111,303

	693,838	706,398

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50,000	50,000

10. Related Party Transactions

Bronel Group Holdings Limited

At the balance sheet date, £940 (2024 - £940) was owed to the company from Bronel Group Holdings Limited, the parent company of Bronel Group Limited.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		157,445		48,182
Investments	5		3,500		13,280

			160,945		61,462
CURRENT ASSETS
Debtors	6	620,260		911,466
Investments	7	336,401		184,129
Cash at bank and in hand		4,100,936		3,614,771

		5,057,597		4,710,366
Creditors: Amounts Falling Due Within One Year	8	(693,838 )		(706,398 )

NET CURRENT ASSETS (LIABILITIES)			4,363,759		4,003,968

TOTAL ASSETS LESS CURRENT LIABILITIES			4,524,704		4,065,430

PROVISIONS FOR LIABILITIES
Provisions for charges			(104,000 )		(104,000 )

NET ASSETS			4,420,704		3,961,430

CAPITAL AND RESERVES
Called up share capital	9		50,000		50,000
Profit and Loss Account			4,370,704		3,911,430

SHAREHOLDERS' FUNDS			4,420,704		3,961,430