REGISTERED NUMBER: 03453185 (England and Wales)

THAMESIDE FIRE PROTECTION CO.

LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Chairman's Report

2

Strategic Report

3

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Income and Retained Earnings

10

Statement of Financial Position

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

15

DIRECTORS:

J. G. Allen

Mrs S.J. Allen

G. Burnall

N. Cannon

A.J. Belsey

D. Petrovic

J.L. Allen

S.A. Scott

J.C. Dhar

G.M. Golding

SECRETARY:

Mrs S.J. Allen

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

03453185 (England and Wales)

AUDITORS:

CR Bland Baker Ltd

Chartered Certified Accountants and

Statutory Auditors

21 Lodge Lane

Grays

Essex

RM17 5RY

RESULTS FOR THE YEAR

It is very pleasing to report a further increase in profits for the year, on a similar turnover of around £15M, in fact this is a record year's profit of £1,687,496. following the previous best year last year of £1,416,396. As I write this, we are currently well into our next Financial Year and on track to achieve yet another record year.

INVESTMENT

With a healthy balance sheet and bank account, we have continued to invest heavily, in addition to our annual influx of apprentices, we have renewed our Website and I.T security etc, plus introduced a new company wide operating system, elevating all processes, operationally and administratively. Training has been upgraded to include newer innovations, which we will be able to roll out shortly for our valued clients.

FUTURE

Our ongoing efficiency campaign has continued to yield positive savings and improvements, for the benefit of our clients. This has resulted in securing some Major Projects for all divisions of our company, with great forward Orders. Our solid and growing Order book provides security for all our staff, and has enabled us to introduce new staff, both industry trained and Apprentice level.

OUR CUSTOMERS

It is our company policy to give our valued clients "Added Value" and the confidence of knowing we take their security and safety very seriously. We are privileged and humbled to be the preferred Fire Protection company for many large and small businesses and organisations, some continuously for over 40 years..

SUMMARY

The shadow of the global pandemic 5 years ago, hung low on everybody, with many companies folding, due to extraordinary financial pressures. For our company, we were not untouched by this but our tremendous staff and our very strong financial position, meant we were able to get through. We are now as efficient as at any time in our history and look forward to providing our clients old and new, with the best level of services from our industry, for many years to come.

The directors present their strategic report for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the installation and maintenance of fire safety equipment.

REVIEW OF BUSINESS

A review of the business is contained within the Chairman's Report which forms part of this Strategic Report.

PRINCIPAL RISKS AND UNCERTAINTIES

The company has strong cash reserves enabling it to meet liabilities as and when they fall due and have continued to rise since the year end. The company has identified risks from price rises on both materials and labour during the year on its long term contracts and has continued to monitor these closely.

GOING CONCERN

Since the balance sheet date the company continued to make significant profits.

The directors have reasonable grounds to assume that the company can continue to adopt the going concern basis of preparation in the financial statements.

ON BEHALF OF THE BOARD:

J. G. Allen - Director

7 May 2026

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

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

J. G. Allen

Mrs S.J. Allen

G. Burnall

N. Cannon

A.J. Belsey

D. Petrovic

J.L. Allen

S.A. Scott

J.C. Dhar

G.M. Golding

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

J. G. Allen - Director

7 May 2026

Opinion

We have audited the financial statements of Thameside Fire Protection Co. Limited (the 'company') for the year ended 31 October 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 October 2025 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 Auditors' 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 directors' 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 financial statements are 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 in the Annual Report, but does not include the financial statements and our Report of the Auditors 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 this gives rise to a material misstatement in the financial statements themselves. 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. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the 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 or the Report of the Directors.

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 four, 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 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.

Auditors' 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 a Report of the Auditors 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We have reviewed whether there were areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the officers and other management (as required by auditing standards).

- We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

- With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the officers.

- We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

- We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Steven James Garrod FCA (Senior Statutory Auditor)

for and on behalf of CR Bland Baker Ltd

Chartered Certified Accountants and

Statutory Auditors

21 Lodge Lane

Grays

Essex

RM17 5RY

7 May 2026

TURNOVER

3

15,671,236

17,147,580

Cost of sales

11,038,000

12,636,868

GROSS PROFIT

4,633,236

4,510,712

Distribution costs

483,800

423,236

Administrative expenses

2,500,095

2,663,366

2,983,895

3,086,602

OPERATING PROFIT

5

1,649,341

1,424,110

Interest receivable and similar income

39,166

1,019

1,688,507

1,425,129

Interest payable and similar expenses

6

1,011

8,733

PROFIT BEFORE TAXATION

1,687,496

1,416,396

Tax on profit

7

350,338

-

PROFIT FOR THE FINANCIAL YEAR

1,337,158

1,416,396

Retained earnings at beginning of year

2,961,059

1,544,663

RETAINED EARNINGS AT END OF YEAR

4,298,217

2,961,059

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

291,653

262,357

Investments

10

100

100

291,753

262,457

CURRENT ASSETS

Stocks

11

136,629

139,538

Debtors

12

2,617,812

3,044,684

Cash at bank and in hand

5,097,758

3,162,467

7,852,199

6,346,689

CREDITORS

Amounts falling due within one year

13

3,014,765

1,911,699

NET CURRENT ASSETS

4,837,434

4,434,990

TOTAL ASSETS LESS CURRENT LIABILITIES

5,129,187

4,697,447

CREDITORS

Amounts falling due after more than one year

14

(28,588

)

(985,388

)

PROVISIONS FOR LIABILITIES

18

(51,382

)

-

NET ASSETS

5,049,217

3,712,059

CAPITAL AND RESERVES

Called up share capital

19

751,000

751,000

Retained earnings

4,298,217

2,961,059

SHAREHOLDERS' FUNDS

5,049,217

3,712,059

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

J. G. Allen - Director

Cash flows from operating activities

Cash generated from operations

1

3,283,613

2,121,465

Interest paid

(1,502

)

(9,082

)

Tax paid

(194

)

76,480

Net cash from operating activities

3,281,917

2,188,863

Cash flows from investing activities

Purchase of tangible fixed assets

(119,291

)

(25,886

)

Sale of tangible fixed assets

7,000

18,495

Interest received

39,166

1,019

Net cash from investing activities

(73,125

)

(6,372

)

Cash flows from financing activities

Loan repayments in year

(287,879

)

(172,727

)

New Hire Purchase agreement

44,219

-

Hire Purchase repayments in year

(9,604

)

-

Amount withdrawn by directors

(1,020,237

)

(48,507

)

Net cash from financing activities

(1,273,501

)

(221,234

)

Increase in cash and cash equivalents

1,935,291

1,961,257

Cash and cash equivalents at beginning of year

2

3,162,467

1,201,210

Cash and cash equivalents at end of year

2

5,097,758

3,162,467

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,687,496

1,416,396

Depreciation charges

77,051

84,650

Loss on disposal of fixed assets

5,942

17,405

Finance costs

1,011

8,733

Finance income

(39,166

)

(1,019

)

1,732,334

1,526,165

Decrease in stocks

2,909

1,448,989

Decrease/(increase) in trade and other debtors

426,872

(276,386

)

Increase/(decrease) in trade and other creditors

1,121,498

(577,303

)

Cash generated from operations

3,283,613

2,121,465

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

5,097,758

3,162,467

Year ended 31 October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

3,162,467

1,201,216

Bank overdrafts

-

(6

)

3,162,467

1,201,210

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

3,162,467

1,935,291

5,097,758

3,162,467

1,935,291

5,097,758

Debt

Finance leases

-

(34,615

)

(34,615

)

Debts falling due within 1 year

(172,727

)

172,727

-

Debts falling due after 1 year

(115,151

)

115,151

-

(287,878

)

253,263

(34,615

)

Total

2,874,589

2,188,554

5,063,143

1.	STATUTORY INFORMATION

Thameside Fire Protection Co. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Stock provisions:

These are estimated based on historic usage data.

Bad debt provisions:

These are considered on a case by case basis with reference to historical experience of each customer.

Recognition of profit and provisions relating to long term contracts:

Assessment of whether revenue can be recongnised for each project requires judgement in relation to the expected margins for the project and any foreseeable losses.

Turnover

Turnover is measured at the fair value of the consideration receivable either on invoice date for goods sold or date an application is agreed for long term contracts, excluding discounts and value added tax.

Goodwill

Goodwill arising on the acquisition of a business is being amortised over the directors estimate of its economic life of five 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.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress

Stocks are valued at the lower of cost on a first in, first out basis or estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 and depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and 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 contributes to the personal pension schemes of the directors and employees.

The company also operates a defined contribution pension scheme. Contributions payable for the year are charged to the profit and loss account.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,104,830

2,826,923

Social security costs

371,523

297,827

Other pension costs

70,154

61,375

3,546,507

3,186,125

The average number of employees during the year was as follows:

2025

2024

Engineers, management and administrative

73

74

2025

2024

£

£

Directors' remuneration

621,325

493,841

Directors' pension contributions to money purchase schemes

18,067

12,588

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

6

7

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

96,165

85,648

Pension contributions to money purchase schemes

1,314

-

5.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Hire of plant and machinery

191,230

228,923

Other operating leases

243,781

205,875

Depreciation - owned assets

77,053

84,646

Loss on disposal of fixed assets

5,942

17,405

Auditors' remuneration

19,709

20,403

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

1,011

8,733

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

298,762

-

Adjustment to prior year corporation tax

194

-

Total current tax

298,956

-

Deferred tax

51,382

-

Tax on profit

350,338

-

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

1,687,496

1,416,396

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

421,874

354,099

Effects of:

Expenses not deductible for tax purposes

24,821

5,472

Capital allowances in excess of depreciation

(31,603

)

-

Depreciation in excess of capital allowances

-

16,660

Utilisation of tax losses

(116,330

)

(376,231

)

Adjustments to tax charge in respect of previous periods

194

-

Deferred tax

51,382

-

Total tax charge

350,338

-