IRIS Accounts Production v26.1.0.640 08087441 Board of Directors 1.1.25 31.12.25 31.12.25 7.4.26 true false true false false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08087441 2024-12-31 08087441 2025-12-31 08087441 2025-01-01 2025-12-31 08087441 2023-12-31 08087441 2024-01-01 2024-12-31 08087441 2024-12-31 08087441 ns15:EnglandWales 2025-01-01 2025-12-31 08087441 ns14:PoundSterling 2025-01-01 2025-12-31 08087441 ns10:Director1 2025-01-01 2025-12-31 08087441 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08087441 ns10:SmallEntities 2025-01-01 2025-12-31 08087441 ns10:Audited 2025-01-01 2025-12-31 08087441 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 08087441 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08087441 ns10:FullAccounts 2025-01-01 2025-12-31 08087441 1 2025-01-01 2025-12-31 08087441 ns10:Director2 2025-01-01 2025-12-31 08087441 ns10:Director3 2025-01-01 2025-12-31 08087441 ns10:Director4 2025-01-01 2025-12-31 08087441 ns10:RegisteredOffice 2025-01-01 2025-12-31 08087441 ns5:CurrentFinancialInstruments 2025-12-31 08087441 ns5:CurrentFinancialInstruments 2024-12-31 08087441 ns5:Non-currentFinancialInstruments 2025-12-31 08087441 ns5:Non-currentFinancialInstruments 2024-12-31 08087441 ns5:ShareCapital 2025-12-31 08087441 ns5:ShareCapital 2024-12-31 08087441 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 08087441 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08087441 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 08087441 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 08087441 ns5:PlantMachinery 2025-01-01 2025-12-31 08087441 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 08087441 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 08087441 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 08087441 ns5:PlantMachinery 2024-12-31 08087441 ns5:PlantMachinery 2025-12-31 08087441 ns5:PlantMachinery 2024-12-31 08087441 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 08087441 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-01-01 2025-12-31 08087441 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-12-31 08087441 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-12-31 08087441 ns5:CostValuation 2024-12-31 08087441 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 08087441 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08087441 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-12-31 08087441 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 08087441 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:FinanceLeases 2025-12-31 08087441 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:FinanceLeases 2024-12-31 08087441 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2025-12-31 08087441 ns5:HirePurchaseContracts ns5:BetweenOneFiveYears 2024-12-31 08087441 ns5:FinanceLeases ns5:BetweenOneFiveYears 2025-12-31 08087441 ns5:FinanceLeases ns5:BetweenOneFiveYears 2024-12-31 08087441 ns5:HirePurchaseContracts 2025-12-31 08087441 ns5:HirePurchaseContracts 2024-12-31 08087441 ns5:FinanceLeases 2025-12-31 08087441 ns5:FinanceLeases 2024-12-31 08087441 ns5:WithinOneYear 2025-12-31 08087441 ns5:WithinOneYear 2024-12-31 08087441 ns5:BetweenOneFiveYears 2025-12-31 08087441 ns5:BetweenOneFiveYears 2024-12-31 08087441 ns5:MoreThanFiveYears 2025-12-31 08087441 ns5:MoreThanFiveYears 2024-12-31 08087441 ns5:AllPeriods 2025-12-31 08087441 ns5:AllPeriods 2024-12-31

REGISTERED NUMBER: 08087441 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE FURNITURE RECYCLING GROUP LIMITED

THE FURNITURE RECYCLING GROUP LIMITED (REGISTERED NUMBER: 08087441) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| THE FURNITURE RECYCLING GROUP LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr N S Oettinger

| Mr R A Eaves

| Mr S Beaumont

| Mr C H C Van Hemert

| REGISTERED OFFICE: | Greenbank Works

| Gladstone Street

| Blackburn

| BB1 3ES

| REGISTERED NUMBER: | 08087441 (England and Wales)

| AUDITORS: | Christian Douglass Accountants Limited

| Chartered Accountants

| Statutory Auditor

| 2 Jordan Street

| Knott Mill

| Manchester

| M15 4PY

THE FURNITURE RECYCLING GROUP LIMITED (REGISTERED NUMBER: 08087441) |

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 7,644 |  | 9,347 |  |

Tangible assets | 5 | 1,887,724 |  | 1,837,481 |  |

Investments | 6 | 100 |  | 100 |  |

1,895,468 |  | 1,846,928 |  |

CURRENT ASSETS

Stocks | 19,426 |  | 26,205 |  |

Debtors | 7 | 2,160,841 |  | 2,269,266 |  |

Cash at bank and in hand | 292,921 |  | 277,197 |  |

2,473,188 |  | 2,572,668 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,282,921 |  | 2,429,290 |  |

NET CURRENT ASSETS | 1,190,267 |  | 143,378 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,085,735 |  | 1,990,306 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (236,537 | ) | (242,402 | ) |

PROVISIONS FOR LIABILITIES | (364,922 | ) | (98,775 | ) |

NET ASSETS | 2,484,276 |  | 1,649,129 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 2,484,176 |  | 1,649,029 |  |

SHAREHOLDERS' FUNDS | 2,484,276 |  | 1,649,129 |  |

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 2 April 2026 and were signed on its behalf by:

Mr N S Oettinger - Director

THE FURNITURE RECYCLING GROUP LIMITED (REGISTERED NUMBER: 08087441) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| The Furniture Recycling Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08087441 and it is registered at Greenbank Works, Gladstone Street, Blackburn, BB1 3ES.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements and trading performance

| 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.

| Preparation of consolidated financial statements

| The financial statements contain information about The Furniture Recycling Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents the amount derived from the provision of goods and services, and is stated after trade discounts, other sales taxes and net of VAT. Sales are recognised when the company considers that it has fulfilled its obligations to the customer which in respect of the sale of goods is on despatch.

| 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.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| 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 etc | - | 25% on cost, 20% on cost, 15% on cost and 10% on cost

| Tangible fixed assets are stated at historical invoice cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure directly attributable to bringing the asset to the location and condition necessary for operation by the company.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Stocks

| Stocks are valued at the lower of cost and net realisable value. Cost is determined from purchase invoice cost and reported on a first in first out basis.

| Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the cost of realisation and, where appropriate, the cost of conversion from their existing state to a finished condition.

| Provision is made where necessary for obsolete, slow-moving and defective stocks.

| 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.

THE FURNITURE RECYCLING GROUP LIMITED (REGISTERED NUMBER: 08087441) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | 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.

| Research and development

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

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 121 (2024 - 120 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2025 | 33,149 |  |

| Disposals | (21,230 | ) |

| At 31 December 2025 | 11,919 |  |

| AMORTISATION

| At 1 January 2025 | 23,802 |  |

| Charge for year | 1,703 |  |

| Eliminated on disposal | (21,230 | ) |

| At 31 December 2025 | 4,275 |  |

| NET BOOK VALUE

| At 31 December 2025 | 7,644 |  |

| At 31 December 2024 | 9,347 |  |

THE FURNITURE RECYCLING GROUP LIMITED (REGISTERED NUMBER: 08087441) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 2,139,030 |  |

| Additions | 463,768 |  |

| Disposals | (108,673 | ) |

| At 31 December 2025 | 2,494,125 |  |

| DEPRECIATION

| At 1 January 2025 | 301,549 |  |

| Charge for year | 307,342 |  |

| Eliminated on disposal | (2,490 | ) |

| At 31 December 2025 | 606,401 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,887,724 |  |

| At 31 December 2024 | 1,837,481 |  |

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

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2025 | 520,802 |  |

| Additions | 147,270 |  |

| At 31 December 2025 | 668,072 |  |

| DEPRECIATION

| At 1 January 2025 | 109,097 |  |

| Charge for year | 72,919 |  |

| At 31 December 2025 | 182,016 |  |

| NET BOOK VALUE

| At 31 December 2025 | 486,056 |  |

| At 31 December 2024 | 411,705 |  |

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 100 |  |

| NET BOOK VALUE

| At 31 December 2025 | 100 |  |

| At 31 December 2024 | 100 |  |

THE FURNITURE RECYCLING GROUP LIMITED (REGISTERED NUMBER: 08087441) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 1,247,511 |  | 1,335,696 |  |

| Amounts owed by group undertakings | 612,928 |  | 461,246 |  |

| Other debtors | 300,402 |  | 472,324 |  |

2,160,841 |  | 2,269,266 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Hire purchase contracts and finance leases (see note 10) | 120,178 |  | 111,849 |  |

| Trade creditors | 348,358 |  | 523,294 |  |

| Amounts owed to group undertakings | 194,150 |  | 1,193,505 |  |

| Taxation and social security | 326,426 |  | 157,127 |  |

| Other creditors | 293,809 |  | 443,515 |  |

1,282,921 |  | 2,429,290 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Hire purchase contracts and finance leases (see note 10) | 236,537 |  | 242,402 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase contracts |  | Finance leases |

| 31.12.25 |  | 31.12.24 |  | 31.12.25 |  | 31.12.24 |

£ | £ | £ | £ |

| Net obligations repayable:

| Within one year | 114,164 |  | 106,798 |  | 6,014 |  | 5,051 |  |

| Between one and five years | 225,606 |  | 225,458 |  | 10,931 |  | 16,944 |  |

339,770 |  | 332,256 |  | 16,945 |  | 21,995 |  |

| Non-cancellable |

| operating leases |

| 31.12.25 |  | 31.12.24

£ | £ |

| Within one year | 604,676 |  | 777,129 |  |

| Between one and five years | 1,938,872 |  | 2,030,104 |  |

| In more than five years | 1,521,813 |  | 1,971,813 |  |

4,065,361 |  | 4,779,046 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Hire purchase contracts and finance leases | 356,715 |  | 354,251 |  |

| Obligations under hire purchase and finance lease contracts are secured on the assets concerned.

THE FURNITURE RECYCLING GROUP LIMITED (REGISTERED NUMBER: 08087441) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| The Report of the Auditors was unqualified.

| Mrs Deborah Burton F.C.A. (Senior Statutory Auditor)

| for and on behalf of Christian Douglass Accountants Limited

13. | CAPITAL COMMITMENTS

| 31.12.25 |  | 31.12.24

£ | £ |

| Contracted but not provided for in the

| financial statements | 15,860 |  | - |  |

14. | ULTIMATE PARENT UNDERTAKING

| The company's parent undertaking is Brosen Limited. The company's ultimate parent undertaking is RetourMatras Holding B.V. a company registered in The Netherlands. RetourMatras Holding B.V. heads the smallest and largest group, including the company, for which group accounts are drawn up. Copies of the group accounts can be obtained from Goudseweg 181e, 2411 HK, Bodegraven, The Netherlands.