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REGISTERED NUMBER: 00222965 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Firth Brothers Limited

Firth Brothers Limited (Registered number: 00222965)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Firth Brothers Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs J E Firth
Ms S J Firth
Mr D I Firth
Mrs P A Firth





SECRETARY: Mr D I Firth





REGISTERED OFFICE: 10 Busker Lane
Skelmanthorpe
Huddersfield
West Yorkshire
HD8 9EP





REGISTERED NUMBER: 00222965 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Firth Brothers Limited (Registered number: 00222965)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,709 5,635
Investments 6 2 2
Investment property 7 1,400,000 1,400,000
1,404,711 1,405,637

CURRENT ASSETS
Debtors: amounts falling due within one
year

8

65,020

55,739
Debtors: amounts falling due after more
than one year

8

209,103

274,075
Cash at bank 105,924 92,904
380,047 422,718
CREDITORS
Amounts falling due within one year 9 104,023 97,607
NET CURRENT ASSETS 276,024 325,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,680,735

1,730,748

CREDITORS
Amounts falling due after more than one
year

10

4,317

10,872
NET ASSETS 1,676,418 1,719,876

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Fair value reserve 601,544 601,544
Retained earnings 974,874 1,018,332
SHAREHOLDERS' FUNDS 1,676,418 1,719,876

Firth Brothers Limited (Registered number: 00222965)

Balance Sheet - continued
31 December 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mr D I Firth - Director


Firth Brothers Limited (Registered number: 00222965)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Firth Brothers Limited 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, other than investment properties which are shown at their most recent valuation.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been
consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned as landlords and services provided during the year falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Firth Brothers Limited (Registered number: 00222965)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 9,531 21,979 31,510
Additions 672 - 672
Disposals - (379 ) (379 )
At 31 December 2024 10,203 21,600 31,803
DEPRECIATION
At 1 January 2024 7,879 17,996 25,875
Charge for year 318 901 1,219
At 31 December 2024 8,197 18,897 27,094
NET BOOK VALUE
At 31 December 2024 2,006 2,703 4,709
At 31 December 2023 1,652 3,983 5,635

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

Firth Brothers Limited (Registered number: 00222965)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,400,000
NET BOOK VALUE
At 31 December 2024 1,400,000
At 31 December 2023 1,400,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2005 653,893
Valuation in 2017 (377,349 )
Valuation in 2018 115,000
Valuation in 2020 (20,000 )
Valuation in 2021 20,695
Valuation in 2023 210,000
Cost 797,761
1,400,000

The land and buildings were valued, after taking professional advice, as at the balance sheet date by the directors.

8. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 8,696 19,115
Other debtors 56,324 36,624
65,020 55,739

Amounts falling due after more than one year:
Other debtors 209,103 274,075

Aggregate amounts 274,123 329,814

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,395 6,395
Trade creditors 1,474 1,256
Taxation and social security 16,963 23,396
Other creditors 79,191 66,560
104,023 97,607

Firth Brothers Limited (Registered number: 00222965)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,317 10,872

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60,150 Ordinary A £1 60,150 60,150
1,850 Ordinary B £1 1,850 1,850
4,000 Ordinary C £1 4,000 4,000
4,000 Ordinary D £1 4,000 4,000
30,000 Ordinary E £1 30,000 30,000
100,000 100,000