Wolves Removals Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Wolves Removals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10474120 . The registered office is 82, Wandsworth Bridge Road, London, SW6 2TF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Straight Line
Motor Vehicles	25% Straight Line
Furniture, Fixtures & Equipment	20% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Wolves Removals Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 1)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Furniture, Fixtures & Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	-	100,146	-	100,146
Additions	2,252	120,423	20,630	143,305
Disposals	-	(50,951 )	-	(50,951 )

As at 31 January 2026	2,252	169,618	20,630	192,500

Depreciation
As at 1 February 2025	-	52,949	-	52,949
Provided during the period	150	29,217	2,748	32,115
Disposals	-	(34,682 )	-	(34,682 )

As at 31 January 2026	150	47,484	2,748	50,382

Net Book Value
As at 31 January 2026	2,102	122,134	17,882	142,118

As at 1 February 2025	-	47,197	-	47,197

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	45,568	35,495

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	4,416	4,635

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Wolves Removals Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	10,334	9,045
Bank loans and overdrafts	1,252	2,996
Other creditors	7,741	10,071
Taxation and social security	4,924	16,063

	24,251	38,175

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	14,359	11,330
Bank loans	-	1,248

	14,359	12,578

8. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Net obligations under finance lease and hire purchase contracts	24,693		20,375

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	10,334	9,045
Later than one year and not later than five years	14,359	11,330

	24,693	20,375

	24,693	20,375

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	18,000	-
Later than one year and not later than five years	22,500	-

	40,500	-

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Wolves Removals Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Jack Wolfe	-	4,416	-	-	4,416

The above loan is unsecured, interest free and is repayable on demand.

13. Related Party Transactions

Director

The director has a balance with the company on an unsecured, interest free basis repayable on demand. The balance owed at the year end amounted to (£4,416) (2025: 7,970).

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		142,118		47,197

			142,118		47,197
CURRENT ASSETS
Debtors	5	4,416		4,635
Cash at bank and in hand		74,937		95,510

		79,353		100,145
Creditors: Amounts Falling Due Within One Year	6	(24,251 )		(38,175 )

NET CURRENT ASSETS (LIABILITIES)			55,102		61,970

TOTAL ASSETS LESS CURRENT LIABILITIES			197,220		109,167

Creditors: Amounts Falling Due After More Than One Year	7		(14,359 )		(12,578 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(26,603 )		(8,967 )

NET ASSETS			156,258		87,622

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			156,158		87,522

SHAREHOLDERS' FUNDS			156,258		87,622