REGISTERED NUMBER: 04610338 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Terra-Firma Environmental Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Procter

J G Robinson

A A Barnes

T D S Armer

SECRETARY:

J Procter

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

04610338 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

259,404

141,087

CURRENT ASSETS

Stock and work in progress

13,500

14,500

Debtors

5

271,881

656,054

Cash at bank

494,815

353,671

780,196

1,024,225

CREDITORS

Amounts falling due within one year

6

661,212

848,704

NET CURRENT ASSETS

118,984

175,521

TOTAL ASSETS LESS CURRENT LIABILITIES

378,388

316,608

CREDITORS

Amounts falling due after more than one year

7

(36,800

)

-

PROVISIONS FOR LIABILITIES

9

(56,567

)

(34,953

)

NET ASSETS

285,021

281,655

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

284,921

281,555

SHAREHOLDERS' FUNDS

285,021

281,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 19 October 2026 and were signed on its behalf by:

J Procter - Director

J G Robinson - Director

A A Barnes - Director

T D S Armer - Director

1.	STATUTORY INFORMATION

Terra-Firma Environmental 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of long term contracts where turnover is recognised when the company obtains the right to consideration.

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% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on reducing balance

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, 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 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.

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 14 (2025 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

666,945

26,266

99,242

792,453

Additions

123,476

-

47,790

171,266

Disposals

(37,310

)

(6,949

)

(41,247

)

(85,506

)

At 31 March 2026

753,111

19,317

105,785

878,213

DEPRECIATION

At 1 April 2025

557,305

24,623

69,438

651,366

Charge for year

34,368

766

9,383

44,517

Eliminated on disposal

(32,490

)

(6,949

)

(37,635

)

(77,074

)

At 31 March 2026

559,183

18,440

41,186

618,809

NET BOOK VALUE

At 31 March 2026

193,928

877

64,599

259,404

At 31 March 2025

109,640

1,643

29,804

141,087

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

Plant and

machinery

£

COST

Additions

82,800

At 31 March 2026

82,800

DEPRECIATION

Charge for year

6,900

At 31 March 2026

6,900

NET BOOK VALUE

At 31 March 2026

75,900

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

267,969

589,955

Other debtors

2,000

2,000

Prepayments

1,912

64,099

271,881

656,054

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other loans

-

17,504

Hire purchase contracts (see note 8)

22,080

-

Trade creditors

65,791

213,200

Amounts owed to group undertakings

381,118

150,708

Corporation tax

77,263

76,524

Social security and other taxes

13,188

11,469

VAT

80,556

135,872

Business credit card

905

2,141

Directors' current accounts

345

156

Accruals and deferred income

19,966

241,130

661,212

848,704

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 8)

36,800

-

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

22,080

-

Between one and five years

36,800

-

58,880

-

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

56,567

34,953

Deferred

tax

£

Balance at 1 April 2025

34,953

Charge to Income Statement during year

21,614

Balance at 31 March 2026

56,567

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Terra Firma Environmental Holding Ltd.