REGISTERED NUMBER: 01937306 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BOLZONI LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Scotti

Mr D Bird

Mr M Rossi

REGISTERED OFFICE:

Unit 10 Taurus Park

Europa Boulevard

Westbrook

Warrington

Cheshire

WA5 7ZT

REGISTERED NUMBER:

01937306 (England and Wales)

AUDITORS:

Livesey Spottiswood Ltd

Chartered Accountants and

Statutory Auditors

17 George Street

St Helens

Merseyside

WA10 1DB

FIXED ASSETS

Tangible assets

4

127,651

127,657

CURRENT ASSETS

Stocks

5

767,871

606,233

Debtors

6

1,841,630

1,360,821

Cash at bank and in hand

1,234,907

1,158,594

3,844,408

3,125,648

CREDITORS

Amounts falling due within one year

7

(2,409,098

)

(1,708,708

)

NET CURRENT ASSETS

1,435,310

1,416,940

TOTAL ASSETS LESS CURRENT LIABILITIES

1,562,961

1,544,597

PROVISIONS FOR LIABILITIES

(26,595

)

(26,265

)

NET ASSETS

1,536,366

1,518,332

CAPITAL AND RESERVES

Called up share capital

9

350,000

350,000

Retained earnings

1,186,366

1,168,332

SHAREHOLDERS' FUNDS

1,536,366

1,518,332

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 29 May 2026 and were signed on its behalf by:

Mr D Bird - Director

1.	STATUTORY INFORMATION

Bolzoni 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Sales of goods

Turnover from the sale of goods is recognised when the 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 dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from service and installation work is recognised using the percentage of completion method.

Equipment Hire

Turnover from the hire of equipment is recognised on a straight line basis over the period of hire.

Tangible fixed assets

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

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property

-

5% on cost

Plant and machinery

-

15% - 25% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% on cost

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the average cost formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with the accounting policy on depreciation. The related obligations, net of finance costs allocated to future periods, are included in creditors. Finance costs are charged against profits on a straight line basis over the periods of the contracts.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year

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 profit and loss account in administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

51,186

442,152

11,190

30,719

535,247

Additions

-

55,104

-

-

55,104

Disposals

-

(22,516

)

-

-

(22,516

)

At 31 December 2025

51,186

474,740

11,190

30,719

567,835

DEPRECIATION

At 1 January 2025

28,590

344,125

9,518

25,357

407,590

Charge for year

1,316

36,668

430

2,307

40,721

Eliminated on disposal

-

(8,127

)

-

-

(8,127

)

At 31 December 2025

29,906

372,666

9,948

27,664

440,184

NET BOOK VALUE

At 31 December 2025

21,280

102,074

1,242

3,055

127,651

At 31 December 2024

22,596

98,027

1,672

5,362

127,657

5.

STOCKS

2025

2024

£

£

Stocks

767,871

606,233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,566,503

1,269,369

Amounts owed by group undertakings

2,146

2,539

Other debtors

29,534

31,080

Corporation tax

225,239

22,692

Prepayments

18,208

35,141

1,841,630

1,360,821

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

107,526

130,862

Amounts owed to group undertakings

1,890,975

1,206,352

Social security and other taxes

310,722

272,456

Other creditors

-

11,415

Accrued expenses

99,875

87,623

2,409,098

1,708,708

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Non-cancellable operating leases

2025

2024

£

£

Within one year

48,781

84,890

Between one and five year

49,086

54,035

97,867

138,925

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

350,000

Ordinary

£1

350,000

350,000

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

The Report of the Auditors was unqualified.

Mr David Hudd BA FCA (Senior Statutory Auditor)

for and on behalf of Livesey Spottiswood Ltd

11.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is Hyster-Yale Material Handling Inc, a company incorporated in the United States of America.

The parent undertaking and controlling party is Bolzoni SPA incorporated in Italy, which is the parent of the smallest group to consolidate these financial statements. Copies of Bolzoni SPA consolidated financial statements can be obtained from the Company Secretary at 103, I-29027, Casoni di Podenzano, Piacenza, Italy.

12.	PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.