IRIS Accounts Production v25.2.0.378 01298501 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01298501 2023-12-31 01298501 2024-12-31 01298501 2024-01-01 2024-12-31 01298501 2022-12-31 01298501 2023-01-01 2023-12-31 01298501 2023-12-31 01298501 ns15:EnglandWales 2024-01-01 2024-12-31 01298501 ns14:PoundSterling 2024-01-01 2024-12-31 01298501 ns10:Director1 2024-01-01 2024-12-31 01298501 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01298501 ns10:SmallEntities 2024-01-01 2024-12-31 01298501 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01298501 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 01298501 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01298501 ns10:FullAccounts 2024-01-01 2024-12-31 01298501 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 01298501 ns10:Director2 2024-01-01 2024-12-31 01298501 ns10:CompanySecretary1 2024-01-01 2024-12-31 01298501 ns10:RegisteredOffice 2024-01-01 2024-12-31 01298501 ns5:CurrentFinancialInstruments 2024-12-31 01298501 ns5:CurrentFinancialInstruments 2023-12-31 01298501 ns5:Non-currentFinancialInstruments 2024-12-31 01298501 ns5:Non-currentFinancialInstruments 2023-12-31 01298501 ns5:ShareCapital 2024-12-31 01298501 ns5:ShareCapital 2023-12-31 01298501 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 01298501 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 01298501 ns5:PlantMachinery 2024-01-01 2024-12-31 01298501 ns5:MotorVehicles 2024-01-01 2024-12-31 01298501 ns5:PlantMachinery 2023-12-31 01298501 ns5:PlantMachinery 2024-12-31 01298501 ns5:PlantMachinery 2023-12-31 01298501 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 01298501 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 01298501 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-12-31 01298501 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2023-12-31 01298501 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 01298501 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 01298501 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 01298501 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2023-12-31 01298501 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-12-31 01298501 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2023-12-31 01298501 ns5:HirePurchaseContracts 2024-12-31 01298501 ns5:HirePurchaseContracts 2023-12-31 01298501 ns5:WithinOneYear 2024-12-31 01298501 ns5:WithinOneYear 2023-12-31 01298501 ns5:BetweenOneFiveYears 2024-12-31 01298501 ns5:BetweenOneFiveYears 2023-12-31 01298501 ns5:AllPeriods 2024-12-31 01298501 ns5:AllPeriods 2023-12-31 01298501 ns5:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01298501 ns5:AcceleratedTaxDepreciationDeferredTax 2023-12-31 01298501 ns5:DeferredTaxation 2023-12-31 01298501 ns5:DeferredTaxation 2024-01-01 2024-12-31 01298501 ns5:DeferredTaxation 2024-12-31 01298501 ns10:OrdinaryShareClass1 2024-12-31

REGISTERED NUMBER: 01298501 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Thetford International Compactors |

| Service Limited |

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |  | to |  | 3

| Notes to the Financial Statements | 4 |  | to |  | 9

| Thetford International Compactors |

| Service Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mr J R Ellis

| Mrs M Clark

| SECRETARY: | Mrs M Clark

| REGISTERED OFFICE: | Rymer Point

| Bury Road

| Thetford

| Norfolk

| IP24 2PN

| REGISTERED NUMBER: | 01298501 (England and Wales)

| ACCOUNTANTS: | Knights Lowe Chartered Accountants

| Eldo House

| Kempson Way

| Suffolk Business Park

| Bury St Edmunds

| Suffolk

| IP32 7AR

| BANKERS: | Barclays Bank PLC

| 20/21 Cornhill

| Bury St Edmunds

| Suffolk

| IP33 1DY

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 111,228 |  | 144,144 |  |

CURRENT ASSETS

Debtors | 5 | 754,180 |  | 712,657 |  |

Cash at bank and in hand | 17,878 |  | 21,082 |  |

772,058 |  | 733,739 |  |

CREDITORS

Amounts falling due within one year | 6 | 295,109 |  | 172,926 |  |

NET CURRENT ASSETS | 476,949 |  | 560,813 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 588,177 |  | 704,957 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (34,971 | ) | (57,820 | ) |

PROVISIONS FOR LIABILITIES | 10 | (27,807 | ) | (36,036 | ) |

NET ASSETS | 525,399 |  | 611,101 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 525,299 |  | 611,001 |  |

SHAREHOLDERS' FUNDS | 525,399 |  | 611,101 |  |

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.

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Balance Sheet - continued

31 December 2024

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 16 September 2025 and were signed on its behalf by:

Mr J R Ellis - Director

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Thetford International Compactors Service 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 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.

| 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 group companies.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery | - | 20% - 100% on cost

| Motor vehicles | - | 20% - 50% on cost

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

| 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 the Statement of Comprehensive Income.

| 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 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 balance sheet date.

| Financial assets and liabilities are offset and the net amount reported in the Balance sheet 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 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.

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 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.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

| Impairment review

| At each reporting date fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2023 - 10 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 362,120 |  |

| Additions | 69,851 |  |

| Disposals | (65,180 | ) |

| At 31 December 2024 | 366,791 |  |

| DEPRECIATION

| At 1 January 2024 | 217,976 |  |

| Charge for year | 99,767 |  |

| Eliminated on disposal | (62,180 | ) |

| At 31 December 2024 | 255,563 |  |

| NET BOOK VALUE

| At 31 December 2024 | 111,228 |  |

| At 31 December 2023 | 144,144 |  |

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | TANGIBLE FIXED ASSETS - continued

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

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 194,686 |  |

| Additions | 64,711 |  |

| Transfer to ownership | (20,895 | ) |

| At 31 December 2024 | 238,502 |  |

| DEPRECIATION

| At 1 January 2024 | 68,514 |  |

| Charge for year | 85,894 |  |

| Transfer to ownership | (14,446 | ) |

| At 31 December 2024 | 139,962 |  |

| NET BOOK VALUE

| At 31 December 2024 | 98,540 |  |

| At 31 December 2023 | 126,172 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 251,988 |  | 154,315 |  |

| Amounts owed by group undertakings | 500,043 |  | 558,342 |  |

| Other debtors | 2,149 |  | - |  |

754,180 |  | 712,657 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Hire purchase contracts (see note 8) | 62,426 |  | 65,664 |  |

| Trade creditors | 23,693 |  | 27,913 |  |

| Taxation and social security | 107,392 |  | 48,604 |  |

| Other creditors | 91,598 |  | 20,745 |  |

295,109 |  | 172,926 |  |

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans | 5,833 |  | 15,833 |  |

| Hire purchase contracts (see note 8) | 29,138 |  | 41,987 |  |

34,971 |  | 57,820 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 62,426 |  | 65,664 |  |

| Between one and five years | 29,138 |  | 41,987 |  |

91,564 |  | 107,651 |  |

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 649 |  | 7,792 |  |

| Between one and five years | - |  | 649 |  |

649 |  | 8,441 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 91,564 |  | 107,651 |  |

| The hire purchase contracts are secured on the underlying assets.

10. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 27,807 |  | 36,036 |  |

| Thetford International Compactors |

| Service Limited (Registered number: 01298501) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 36,036 |  |

| Provided during year | (8,229 | ) |

| Balance at 31 December 2024 | 27,807 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

12. | CONTINGENT LIABILITIES

| The company has given a cross guarantee and debenture over the group bank overdraft facility.

13. | ULTIMATE PARENT COMPANY

| Thetford International Compactors Limited is the company's ultimate parent company.

| Thetford International Compactors Limited's registered office and principal place of business is:

| Rymer Point, Bury Road, Thetford, Norfolk IP24 2PN.