Bison Machinery Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07990593 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

BISON MACHINERY LIMITED

Page

Company Information

1

Report of the Directors

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

R H Bushnell

Mrs R M Bushnell

G S Bushnell

G H Bushnell

A R Bushnell

REGISTERED OFFICE:

St Albans Road

Industrial Estate

Stafford

Staffordshire

ST16 3DR

REGISTERED NUMBER:

07990593 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

The directors present their report with the financial statements of the company for the year ended 31st December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2025 to the date of this report.

R H Bushnell

Mrs R M Bushnell

G S Bushnell

G H Bushnell

A R Bushnell

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

G S Bushnell - Director

23rd September 2026

FIXED ASSETS

Intangible assets

5

218,606

290,971

Tangible assets

6

454,895

589,098

Investments

7

100

673,601

880,169

CURRENT ASSETS

Stocks

2,588,368

2,939,970

Debtors

8

611,716

1,385,305

Prepayments and accrued income

77,574

81,372

Cash at bank and in hand

1,071,652

1,158,397

4,349,310

5,565,044

CREDITORS

Amounts falling due within one year

9

714,735

1,360,722

NET CURRENT ASSETS

3,634,575

4,204,322

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,308,176

5,084,491

CREDITORS

Amounts falling due after more than one
year

10

(172,580

)

(267,397

)

PROVISIONS FOR LIABILITIES

(86,343

)

(103,840

)

ACCRUALS AND DEFERRED INCOME

(13,960

)

(11,094

)

NET ASSETS

4,035,293

4,702,160

CAPITAL AND RESERVES

Called up share capital

9,000

Capital redemption reserve

1,000

Retained earnings

4,025,293

4,692,160

SHAREHOLDERS' FUNDS

4,035,293

4,702,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 23rd September 2026 and were signed on its behalf by:

G S Bushnell - Director

1.	STATUTORY INFORMATION

Bison Machinery Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07990593 and registered office is St Albans Road Industrial Estate, Stafford, ST16 3DR.

The principal activity during the year was that of selling and servicing of metal working machinery and related consumable products.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Functional currency

The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Related party exemption

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.

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company. It may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, stock, tangible fixed assets and provisions are its critical accounting policies.

Turnover

Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 33 ) .

5.	INTANGIBLE FIXED ASSETS

Trade

Goodwill

marks

Totals

£

COST

At 1st January 2025

and 31st December 2025

1,392,629

5,316

1,397,945

AMORTISATION

At 1st January 2025

1,104,231

2,743

1,106,974

Amortisation for year

72,099

266

72,365

At 31st December 2025

1,176,330

3,009

1,179,339

NET BOOK VALUE

At 31st December 2025

216,299

2,307

218,606

At 31st December 2024

288,398

2,573

290,971

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1st January 2025

151,139

239,637

102,491

506,013

999,280

Additions

-

11,334

31,797

43,131

Disposals

-

(3,420

)

(94,587

)

(98,007

)

At 31st December 2025

151,139

239,637

110,405

443,223

944,404

DEPRECIATION

At 1st January 2025

48,255

178,918

80,478

102,531

410,182

Charge for year

6,045

15,180

7,315

89,961

118,501

Eliminated on disposal

-

(2,786

)

(36,388

)

(39,174

)

At 31st December 2025

54,300

194,098

85,007

156,104

489,509

NET BOOK VALUE

At 31st December 2025

96,839

45,539

25,398

287,119

454,895

At 31st December 2024

102,884

60,719

22,013

403,482

589,098

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1st January 2025

72,725

468,968

541,693

Additions

-

31,797

Disposals

-

(74,837

)

(74,837

)

Transfer to ownership

(72,725

)

-

(72,725

)

At 31st December 2025

-

425,928

DEPRECIATION

At 1st January 2025

31,817

87,042

118,859

Charge for year

10,227

86,177

96,404

Eliminated on disposal

-

(23,060

)

(23,060

)

Transfer to ownership

(42,044

)

-

(42,044

)

At 31st December 2025

-

150,159

NET BOOK VALUE

At 31st December 2025

-

275,769

At 31st December 2024

40,908

381,926

422,834

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2025

and 31st December 2025

100

NET BOOK VALUE

At 31st December 2025

100

At 31st December 2024

100

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

603,393

553,420

Other debtors

8,323

831,885

611,716

1,385,305

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

80,525

111,030

Trade creditors

233,226

549,877

Taxation and social security

400,984

695,281

Other creditors

-

4,534

714,735

1,360,722

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

172,580

267,397

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

253,105

378,427

The hire purchase creditors are secured against the assets to which they relate.

12.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £704,073 (2024 - £100,247).

13.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Bison Machinery Holdings Limited, registered number 15949590. The registered office of the company is St Albans Road Industrial Estate, Stafford, ST16 3DR.