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REGISTERED NUMBER: 06290966 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THOMAS FIRBANK REMOVALS LIMITED

THOMAS FIRBANK REMOVALS LIMITED (REGISTERED NUMBER: 06290966)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THOMAS FIRBANK REMOVALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A Ward-Thomas
C A S Rickards
T Bloch





REGISTERED OFFICE: 141 Acton Lane
London
NW10 7PB





REGISTERED NUMBER: 06290966 (England and Wales)





AUDITORS: Fawcetts LLP
Chartered Accountants
and Statutory Auditors
Windover House
St. Ann Street
Salisbury
SP1 2DR

THOMAS FIRBANK REMOVALS LIMITED (REGISTERED NUMBER: 06290966)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 411,468 469,199
411,468 469,199

CURRENT ASSETS
Debtors 6 1,719,806 2,443,258
Cash at bank 16,570 9,872
1,736,376 2,453,130
CREDITORS
Amounts falling due within one year 7 1,653,144 1,738,815
NET CURRENT ASSETS 83,232 714,315
TOTAL ASSETS LESS CURRENT LIABILITIES 494,700 1,183,514

PROVISIONS FOR LIABILITIES 9 62,943 80,419
NET ASSETS 431,757 1,103,095

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 430,757 1,102,095
SHAREHOLDERS' FUNDS 431,757 1,103,095

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 8 August 2025 and were signed on its behalf by:




C A S Rickards - Director



A Ward-Thomas - Director


THOMAS FIRBANK REMOVALS LIMITED (REGISTERED NUMBER: 06290966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Thomas Firbank Removals 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.

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" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on cost

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 balance sheet date.

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.

THOMAS FIRBANK REMOVALS LIMITED (REGISTERED NUMBER: 06290966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Exceptional items
The company classifies certain one-off charges or credits that have a material impact on the financial results as ‘exceptional items’. These are disclosed separately to provide further understanding of the financial performance of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 50,000
AMORTISATION
At 1 October 2023
and 30 September 2024 50,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

THOMAS FIRBANK REMOVALS LIMITED (REGISTERED NUMBER: 06290966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Freehold
and
leasehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 90,539 463,706 528,397 1,082,642
Additions - - 43,094 43,094
Disposals - - (111,857 ) (111,857 )
At 30 September 2024 90,539 463,706 459,634 1,013,879
DEPRECIATION
At 1 October 2023 24,406 331,003 258,034 613,443
Charge for year 7,281 33,267 55,747 96,295
Eliminated on disposal - - (107,327 ) (107,327 )
At 30 September 2024 31,687 364,270 206,454 602,411
NET BOOK VALUE
At 30 September 2024 58,852 99,436 253,180 411,468
At 30 September 2023 66,133 132,703 270,363 469,199

Included within motor vehicles are assets with a total net book value of £190,138 (2023 £234,022) that are held under hire purchase contracts. The hire purchase liabilities are included in the financial statements of the immediate parent company, Master Removers Group Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,490 24,460
Due from group companies 1,635,088 2,352,201
Other debtors 7,200 10,800
Prepayments 52,028 55,797
1,719,806 2,443,258

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 41,303 32,141
Trade creditors 25,506 25,898
Owed to group companies 1,457,485 1,577,754
Social security and other taxes 66,763 51,136
Other creditors 7,169 -
Accruals and deferred income 54,918 51,886
1,653,144 1,738,815

THOMAS FIRBANK REMOVALS LIMITED (REGISTERED NUMBER: 06290966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. SECURED DEBTS

Assets held under hire purchase agreements arranged by the parent company are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 62,943 80,419

Deferred
tax
£   
Balance at 1 October 2023 80,419
Credit to Income Statement during year (17,476 )
Balance at 30 September 2024 62,943

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

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

The Report of the Auditors was unqualified.

Simon Ellingham FCA (Senior Statutory Auditor)
for and on behalf of Fawcetts LLP

12. RELATED PARTY DISCLOSURES

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.

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Master Removers Group Limited.

Until 5 February 2024 the ultimate parent company was Master Removers Group 2019 Ltd.

On 6 February 2024 Master Removers Group 2019 Ltd became a wholly owned subsidiary of Master Removers Group 2023 Ltd.

In the opinion of the directors, no one individual has control of Master Removers Group 2023 Ltd..