Registration number:
The Brockmoor Foundry Company Limited
for the Year Ended 31 March 2026
The Brockmoor Foundry Company Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
The Brockmoor Foundry Company Limited
Company Information
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Directors |
M R Bullock W D Leppington J A C Leppington S Garbett |
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Registered office |
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Auditors |
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The Brockmoor Foundry Company Limited
Strategic Report for the Year Ended 31 March 2026
The directors present their strategic report for the year ended 31 March 2026.
Principal activity
The principal activity of the company is manufacture of medium-sized castings of various types.
Business model
The business creates value through its specialist capability in the manufacture of ductile iron castings, supported by technical expertise, investment in manufacturing capability and a range of additional services including machining, painting and assembly. This vertically integrated approach enables the business to provide customers with a broader supply solution while maintaining flexibility across its product and market base.
Fair review of the business
The directors continues to monitor the company’s performance, gross profit and customer base. The directors consider the following key financial performance indicators to be the most effective measures of performance against the company’s objectives.
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2026 |
2025 |
|
Revenue |
£ |
19,387,635 |
18,518,686 |
|
Gross profit |
£ |
2,019,488 |
2,291,374 |
|
Gross profit margin |
% |
10.4 |
12.4 |
|
Profit/(Loss) after tax |
£ |
45,752 |
(18,253) |
During the year, turnover increased by 4.7% to £19.4 million, compared with £18.5 million in the previous year. Gross profit was £2.0 million, representing a gross profit margin of 10.4%, compared with 12.4% in the previous year.
Growth during the year was driven principally by increased sales to overseas markets, while UK sales remained broadly stable.
The movement in margin reflected cost of sales increasing at a greater rate than revenue during the period, including continued pressure from energy and other production costs, together with the selective use of external processing to maintain production flexibility and meet customer requirements.
The impact of this margin pressure was partly offset by lower administrative expenses and an improvement in other operating income.
These factors contributed to a reduction in the operating loss compared with the prior year.
After taxation, the company reported a profit after tax of £45,752.
At the year end, the company had net current assets of £3.0 million and net assets of £6.0 million.
The Brockmoor Foundry Company Limited
Strategic Report for the Year Ended 31 March 2026
Principal risks and uncertainties
As the business supplies parts for products whose end use is global, performance may be influenced by geopolitical developments, protectionism, regional and market-sector downturns and currency fluctuations. It is also exposed to volatility in energy and other production input costs.
The directors monitor these risks and seek to mitigate their impact through operational efficiency, cost management, production flexibility, ongoing investment and appropriate customer pricing where practicable.
Future developments
The business continues to innovate and use its design and technical experience to meet customer requirements, achieve best practice and respond to evolving legislative and environmental requirements. This includes technical development and continuous improvement across materials, manufacturing processes, measurement, energy and resource efficiency, waste management and recycling.
During the year, the business continued to invest in plant and machinery to support and develop its manufacturing capability.
The company manufactures a broad range of metal grades across a diverse product range and continues to develop its vertically integrated supply offering in response to evolving customer and market requirements.
Current forecasts indicate further growth in revenue in the year ending 31 March 2027
The directors remain focused on sustainable growth, improving operating efficiency and margins, and maintaining the financial resilience of the business.
Approved and authorised by the
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The Brockmoor Foundry Company Limited
Directors' Report for the Year Ended 31 March 2026
The directors present their report and the financial statements for the year ended 31 March 2026.
Directors of the company
The directors who held office during the year were as follows:
Results and dividends
The result for the year is set out in the profit and loss account.
No dividend was paid during the year, and the directors do not recommend the payment of a final dividend.
Future developments
Information concerning the company’s future developments, investment in manufacturing capability, technical development and continuous improvement is included within the Strategic Report and is incorporated into this report by reference.
Post balance sheet events
There have been no significant events since the balance sheet date requiring disclosure.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
The auditors Jordan & Company are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Approved and authorised by the
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The Brockmoor Foundry Company Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Brockmoor Foundry Company Limited
Independent Auditor's Report to the Members of The Brockmoor Foundry Company Limited
Opinion
We have audited the financial statements of The Brockmoor Foundry Company Limited (the 'company') for the year ended 31 March 2026, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
The Brockmoor Foundry Company Limited
Independent Auditor's Report to the Members of The Brockmoor Foundry Company Limited
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The Brockmoor Foundry Company Limited
Independent Auditor's Report to the Members of The Brockmoor Foundry Company Limited
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• We ensured that the engagement team collectively had the appropriate competence, capabilities and
skills to identify or recognise non-compliance with applicable laws and regulations;
• We identified the laws and regulations applicable to the company through discussions with director
and other management, and from our commercial knowledge and experience;
• We focused on specific laws and regulations which were considered to have a direct material effect
on the financial statements or the operations of the company, including the Companies Act 2006,
taxation legislation, data protection, employment and health and safety legislation;
• We assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management; and
• Identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain
professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control procedures.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the directors.
• Conclude on the appropriateness of the directors' use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the company's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in our
auditor's report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Conclusions are based on the audit evidence obtained up to
the date of the auditor's report. However, future events or conditions may cause the company to
cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that are identified during the audit.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
The Brockmoor Foundry Company Limited
Independent Auditor's Report to the Members of The Brockmoor Foundry Company Limited
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
62 Hagley Road
Stourbridge
West Midlands
DY8 1QD
The Brockmoor Foundry Company Limited
Profit and Loss Account for the Year Ended 31 March 2026
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Note |
2026 |
2025 |
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Turnover |
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|
|
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Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Distribution costs |
( |
( |
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
( |
|
|
Operating loss |
( |
( |
|
|
Interest payable and similar expenses |
( |
( |
|
|
Loss before tax |
( |
( |
|
|
Tax on loss |
|
|
|
|
Profit/(loss) for the financial year |
|
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
The Brockmoor Foundry Company Limited
Statement of Comprehensive Income for the Year Ended 31 March 2026
|
2026 |
2025 |
|
|
Profit/(loss) for the year |
|
( |
|
Total comprehensive income for the year |
|
( |
The Brockmoor Foundry Company Limited
(Registration number: 00317267)
Balance Sheet as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
|||
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Tangible assets |
|
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Current assets |
|||
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Stocks |
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|
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Debtors |
|
|
|
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Cash at bank and in hand |
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|
|
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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|
|
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Total assets less current liabilities |
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|
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
|
|
|
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Capital and reserves |
|||
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Called up share capital |
39,875 |
39,875 |
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Retained earnings |
5,916,126 |
5,870,374 |
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Shareholders' funds |
5,956,001 |
5,910,249 |
Approved and authorised by the
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The Brockmoor Foundry Company Limited
Statement of Changes in Equity for the Year Ended 31 March 2026
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Share capital |
Retained earnings |
Total |
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At 1 April 2025 |
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|
|
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Profit for the year |
- |
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At 31 March 2026 |
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|
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Share capital |
Retained earnings |
Total |
|
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At 1 April 2024 |
|
|
|
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Loss for the year |
- |
( |
( |
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At 31 March 2025 |
39,875 |
5,870,374 |
5,910,249 |
The Brockmoor Foundry Company Limited
Statement of Cash Flows for the Year Ended 31 March 2026
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Note |
2026 |
2025 |
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Cash flows from operating activities |
|||
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Profit/(loss) for the year |
|
( |
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
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Finance costs |
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Corporation tax expense |
( |
( |
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||
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Working capital adjustments |
|||
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(Increase)/decrease in stocks |
( |
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Increase in trade debtors |
( |
( |
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Increase in trade creditors |
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(Decrease)/increase in deferred income, including government grants |
( |
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Cash generated from operations |
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Corporate taxes received |
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Net cash flow from operating activities |
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Cash flows from investing activities |
|||
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Acquisitions of tangible assets |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
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Payments to finance lease creditors |
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|
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Net cash flows from financing activities |
( |
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Net decrease in cash and cash equivalents |
( |
( |
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Cash and cash equivalents at 1 April |
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|
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Cash and cash equivalents at 31 March |
208,405 |
308,279 |
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The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared and presented in the functional currency of the company which is sterling (£).
Going concern
The financial statements have been prepared on a going concern basis. The directors have forecast the company's performance and considered whether the company could withstand a downturn in activity. Based on this review, the directors have concluded that under all plausible eventualities, even before considering the impact of mitigating actions, the company has access to sufficient financial resources to enable it to meet its liabilities as they fall due. As a result, the directors consider it appropriate to adopt a going concern basis when preparing these financial statements.
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
Judgements
The directors consider that there are no critical accounting judgements that have a material impact on the financial statements. |
Key sources of estimation uncertainty
The directors consider that there are no key sources of estimation uncertainty that have a material impact on the financial statements.
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.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current 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.
Tangible assets
Tangible assets are stated in the balance sheet 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:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
10% straight line |
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Fixtures and fittings |
25% straight line |
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Equipment and vehicles |
10% or 20% straight line |
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
Impairment of non-financial assets
All non-financial assets are reviewed for impairment if there is an indication that the carrying value of the asset may have been impaired. Where there are indicators of impairment of individual assets, the Company performs impairment tests based on fair value less costs to sell or a value in use calculation.
Where an impairment review is required, the carrying value of the assets is measured against their value in use based on future estimated cash flows, discounted by the appropriate cost of capital, resulting from the use of those assets.
Assets are grouped at the lowest level for which there is a separately identifiable cash flow (cash generating unit).
An impairment loss is recognised for the amount at which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
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 profit and loss account 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 balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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.
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
Financial instruments
Recognition and measurement
Basic financial assets, including trade and other debtors, cash and bank balances and amounts owed by group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.
Financial assets are derecognised when any of the following criteria is satisfied:
a) the contractual rights to the cash flows from the assets expire or are settled
b) substantially all the risk and rewards of the ownership of the asset are transferred to another party
c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price.
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Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
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2026 |
2025 |
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Sale of goods |
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The analysis of the company's turnover for the year by market is as follows:
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2026 |
2025 |
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UK |
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Rest of world |
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Other operating income |
The analysis of the company's other operating income for the year is as follows:
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2026 |
2025 |
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Government grants |
|
|
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Miscellaneous other operating income |
|
( |
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|
( |
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
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Operating loss |
Arrived at after charging/(crediting)
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2026 |
2025 |
|
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Depreciation expense |
|
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Operating lease expense - plant and machinery |
|
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Interest payable and similar expenses |
|
2026 |
2025 |
|
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Interest on obligations under finance leases and hire purchase contracts |
|
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Foreign exchange (gains)/losses |
|
( |
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2026 |
2025 |
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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Other employee expense |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2026 |
2025 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2026 |
2025 |
|
|
Directors remuneration |
261,072 |
297,673 |
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
In respect of the highest paid director:
|
2026 |
2025 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2026 |
2025 |
|
|
Audit of the financial statements |
|
|
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2026 |
2025 |
|
|
Current taxation |
||
|
UK corporation tax adjustment to prior periods |
( |
( |
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2025 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2026 |
2025 |
|
|
Loss before tax |
( |
( |
|
Corporation tax at standard rate |
( |
( |
|
Decrease in UK and foreign current tax from adjustment for prior periods |
( |
( |
|
Tax decrease from effect of capital allowances and depreciation |
( |
( |
|
Tax increase from effect of unrelieved tax losses carried forward |
|
|
|
Total tax credit |
( |
( |
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
|
Tangible assets |
|
Fixtures and fittings |
Plant and machinery |
Total |
|
|
Cost or valuation |
|||
|
At 1 April 2025 |
|
|
|
|
Additions |
|
|
|
|
At 31 March 2026 |
|
|
|
|
Depreciation |
|||
|
At 1 April 2025 |
|
|
|
|
Charge for the year |
|
|
|
|
At 31 March 2026 |
|
|
|
|
Carrying amount |
|||
|
At 31 March 2026 |
|
|
|
|
At 31 March 2025 |
|
|
|
|
Stocks |
|
2026 |
2025 |
|
|
Finished goods and goods for resale |
|
|
|
Raw materials |
|
|
|
|
|
|
Debtors |
|
Current |
2026 |
2025 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
|
|
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
|
Cash and cash equivalents |
|
2026 |
2025 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
|
Creditors |
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
|
|
|
Social security and other taxes |
|
|
|
|
Accruals |
|
|
|
|
Deferred income |
|
|
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £124,427 (2025 - £142,234).
|
Share capital |
Allotted, called up and fully paid shares
|
2026 |
2025 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary shares of £1 each |
39,875 |
39,875 |
39,875 |
39,875 |
The Brockmoor Foundry Company Limited
Notes to the Financial Statements for the Year Ended 31 March 2026
|
Loans and borrowings |
Non-current loans and borrowings
|
2026 |
2025 |
|
|
Hire purchase contracts |
|
|
Current loans and borrowings
|
2026 |
2025 |
|
|
Hire purchase contracts |
|
|
The loans in respect of the hire purchase agreements are secured against the assets to which they relate.
|
Related party transactions |
Land and Buildings are rented from Brockmoor (Property) Limited, who are also a wholly owned subsidiary of Brockmoor (Holdings) Limited. Included in creditors is an amount owing to group undertakings amounting to £137,000 (2025 owed to group undertakings: £17,000).
No other related party transactions were undertaken during the year.
|
Parent and ultimate parent undertaking |
The company's immediate parent is