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REGISTERED NUMBER: 00423259 (England and Wales)




















Group Strategic Report, Report of the Directors and

Audited

Consolidated Financial Statements

for the Year Ended 31 December 2024

for

Lister Wilder Group Limited

Lister Wilder Group Limited (Registered number: 00423259)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 8

Consolidated Income Statement 11

Consolidated Other Comprehensive Income 12

Consolidated Balance Sheet 13

Company Balance Sheet 14

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Cash Flow Statement 17

Notes to the Consolidated Cash Flow Statement 18

Notes to the Consolidated Financial Statements 19


Lister Wilder Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D King
C E King
J B Scott
J D Scott
W J King





SECRETARY: D King





REGISTERED OFFICE: White House Farm
White House Lane
Spencers Wood
Reading
Berkshire
RG7 1HR





REGISTERED NUMBER: 00423259 (England and Wales)

Lister Wilder Group Limited (Registered number: 00423259)

Group Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS
2024 was a more testing year for all three pillars of our business - our Agricultural team showed resilience in the face of significant sector-wide pressures, the Groundcare team continued to provide stable performance, and the Construction team weathered a slower market following an exceptional 2023.

Turnover reduced to £82.5 million, down from just under £89 million in 2023, a reflection of macroeconomic headwinds that tempered customer confidence and delayed some larger purchasing decisions. Despite this, all divisions remained active and engaged, delivering over 1,400 Kubota machines into the hands of customers across Central Southern England. The Construction business, while down slightly from the peak of 2023, continued to build on the momentum gained from the acquisition of the neighbouring Kubota Dealership, Harper Plant.

Our position as the largest Kubota dealership in Europe was maintained for the fourth consecutive year - a clear indicator of the trust placed in us by customers, suppliers and partners. This continued success is only possible due to the hard work of our 200-strong team across our network of branches in Bristol, Cirencester, Salisbury, Reading, Guildford and Ashford.

We remain committed to our goal - delivering the service and experience of a family-run business while competing and performing at the highest level. Our sales team worked hard to secure orders in a more cautious market, and the aftersales operation once again proved essential in supporting our customers and driving loyalty.

As recognised in our 2023 report, we entered 2024 knowing it would be a tougher year, and while turnover and margins came under pressure, we are pleased to have delivered an operating profit of £1.57 million.

This is a creditable result considering ongoing inflation, higher energy and fuel costs, and the continued strain of elevated stockholding charges, all of which had to be absorbed by the business.

The year saw us further invest in our hire fleet where we continued to see growth in demand we believe due to the relatively high interest rates that were still present at the start of the year and has continued despite some reduction in rates since. Whilst this and an increase in stock held resulted in a decrease to the cash holding and liquidity in the cash flow cycle, the group retains sufficient cash reserves and immediate liquidity channels to ensure it remains financially secure.

Looking ahead, we remain cautious but confident. We recognise that further hard work lies ahead in 2025, but we are optimistic that our foundations - strong customer relationships, committed people, and a clear long-term strategy - will help us navigate the road ahead. Our wide geographical coverage and strong franchises remain a vital part of our ability to succeed in the face of changing market conditions.

KEY PERFORMANCE INDICATORS
The Key Performance indicators are considered to be Turnover, Gross Margin and Operating Profit:

2024 2023
TURNOVER 82,555,888 89,003,586
GROSS MARGIN 15.9% 13.9%
OPERATING PROFIT 1,573,374 2,113,799

PRINCIPAL RISKS AND UNCERTAINTIES
The group's financial risk management objectives and policies are deemed to be appropriate to the size and nature of its activities. The board does not consider that the group has any major issues in relation to the cash flow or liquidity risk. Risk mitigation has been discussed in detail within the Directors report.


Lister Wilder Group Limited (Registered number: 00423259)

Group Strategic Report
for the Year Ended 31 December 2024

SECTION 172(1) STATEMENT
The directors consider that they have performed their duties in line with S172 Companies Act 2006. The directors have acted in such a way as to promote the success of the group for the benefit of the shareholders and by having regard for the potential impact of decisions on other key stakeholder groups (for example employees, customers and suppliers). The directors are also aware of their responsibilities to ensure the group acts fairly in all its dealings and communications with key stakeholder groups and to consider the impact of the group's operations on the wider community and environment.

EMPLOYEE ENGAGEMENT
The engagement of everyone that works for Lister Wilder is crucial to its continued success. Our policies and benefits are designed to encourage the team to remain engaged with the group's activities and to reward them according to their contribution to our financial performance.

Our policies do not discriminate between team members or potential team members. If a colleague were to become disabled whilst in employment and as a result was unable to perform their duties, every effort would be made to offer suitable alternative employment and assistance with retraining.

Communication is a priority, and regular meetings are held between departments, management groups and branches to ensure everyone is kept informed and given an opportunity to shape the future of the business. We operate a virtual 'suggestion box' to allow team members to voice their opinions for improvements and change.

SUPPLIERS, CUSTOMERS AND COMMUNITY
The group maintains an ongoing dialogue with its customers and suppliers which is a major part of the group's activities. The group is active in the community and raises money for charity and good causes on an annual basis.

SHAREHOLDERS
Key management of the group have regular review meetings with the shareholders covering Finance, Logistics, Operations and Business Strategy and Development. Senior Management Meetings and Board Meetings are held on a monthly basis.

ON BEHALF OF THE BOARD:





J D Scott - Director


20 June 2025

Lister Wilder Group Limited (Registered number: 00423259)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of The principal activity of the Group during the year under review was the selling of Agricultural, Groundcare and Construction machinery, together with the repair and service of these items. The Group has one trading company, being Lister Wilder Limited with the other Group companies not having traded in the year, and the Holding Company undertaking rental activities.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 was £Nil (2023: £350,000)

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

D King
C E King
J B Scott
J D Scott
W J King

FINANCIAL INSTRUMENTS
Financial risk management objectives and policies

The group holds or issues financial instruments in order to achieve three main objectives, being:

(a) to finance its operations;

(b) to manage its exposure to interest and currency risks arising from its operations and from its sources of finance; and

(c) for trading purposes.

In addition, various financial instruments (e.g. trade debtors, trade creditors, accruals and prepayments) arise directly from the group's operations.

Transactions in financial instruments result in the group assuming or transferring to another party one or more of the financial risks described below.

Interest rate risk
The group has loans from Lombard Asset Finance and Hitachi Capital (UK) PLC for the purchase of stock. These are at 3% and 2.75% over base rate. Accordingly, should base rate rise, then there is an exposure to an interest rate risk on any such increase. However the underlying assets which are financed by these loans are only held for short periods, thus mitigating any potential risk.

Credit risk
The group monitors and checks credit ratings of its customers closely and considers that this policy meets the objective of managing and minimising exposure to credit risk.

Liquidity risk
The group tightly controls cashflow by budgeting in advance for expenditure and actively chasing customers to pay promptly to allow expenditure to be met when due. This budgeting procedure ensures liquidity is maintained.

Currency risk
The group has no material exposure to trade in foreign currencies and is therefore not exposed to currency risk.

Fair values of financial assets and liabilities
There is no material difference between the fair value of the group's financial assets and liabilities and their book value.

Hedging activities
No hedging activities are undertaken.

STREAMLINED ENERGY AND CARBON REPORTING
The business recognises the impact its operations have on the environment.

Stated below is the mandatory reporting of energy and greenhouse gas emissions for the period 1st January 2024 to 31 December 2024. This reporting period has been chosen to match the organisations own financial reporting year.


Lister Wilder Group Limited (Registered number: 00423259)

Report of the Directors
for the Year Ended 31 December 2024

Our methodology used to calculate our greenhouse emissions is based on the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard.

Only environmental impacts from greenhouse gases (GHG) are included in this report section.

The report has been limited to Scope 1, 2 and 3 emissions as required by SECR reporting.

Greenhouse Gas Emissions

Table 1 below shows the GHG emissions in tonnes of Carbon Dioxide equivalent for the year 2024.

The general definitions of GHG scopes are detailed below:

Scope 1 - All Direct Emissions from the activities of an organisation or under their control. Including combustion of fuel on site such as gas boilers and purchased fuel for vehicles.

Scope 2 - Indirect Emissions from electricity purchased and used by the organisation.

Scope 3 - Other Indirect emissions from activities of the organisation, occurring from sources that they do not own or control. Only employee car mileage claims need including for SECR.

Table 1: Greenhouse Gas Emissions (GHG)



Emission Source

Units
Reporting Year
2024
Reporting Year
2023
Scope 1 Gas Fuel Emissions (tCO2e) - -
Petrol Fuel Emissions (tCO2e) 7.5 4.7
Diesel Fuel Emissions (tCO2e) 860 785.9
Sub Total Emissions (tCO2e) 867.5 790.6
Scope 2 Grid Electricity Emissions (tCO2e) - -
Sub Total Emissions (tCO2e) - -
Scope 3 Car Mileage Claims Emissions (tCO2e) 3 3
Sub Total Emissions (tCO2e) 3 3
Total Emissions Emissions (tCO2e) 870.5 793.6


Underlying Energy Use

Table 2 below shows the energy use for Lister Wilder Ltd in kilowatt hours (kWh) for the reporting year of 2024. Total energy used for 2024 was 556,044 kWh.



Emission Source

Units
Reporting Year
2024
Reporting Year
2023
Scope 1 Gas Fuel Energy (kWh) 92,938 86,849
Sub Total Energy (kWh) 92,938 86,849
Scope 2 Grid Electricity Energy (kWh) 463,106 447,956
Sub Total Energy (kWh) 463,106 447,956
Total Emissions Energy (kWh) 556,044 534,806


Intensity Ratios

The tables below show the intensity ratios for the organisation.

The normalising factor to give comparable data for the company is the number of Full Time Equivalent (FTE) staff. The number of FTEs would be the most consistent indicator, year over year for Lister Wilder Ltd. Sales can fluctuate and floor area is not necessarily representative of energy consumed or greenhouse gases emitted for the company. The number of staff has grown over recent years with the opening of new depots; this is the biggest cause of energy consumption and fuel consumption rising in the company.

Table 3: Operation Consumption Intensity Ratios


Normalising Factor

Units
Reporting Year
2024
Reporting Year
2023
Number of Full Time Equivalent staff Kwh/average staff numbers 2,866.21 2,906.55



Lister Wilder Group Limited (Registered number: 00423259)

Report of the Directors
for the Year Ended 31 December 2024

Table 4: Operation Emissions Intensity Ratios


Normalising Factor

Units
Reporting Year
2024
Reporting Year
2023
Number of Full Time Equivalent staff tCO2e/average staff numbers 4.49 4.30


Energy Efficiency Actions Taken

Much of our fuel is consumed by engineers attending customer sites and from the delivery of machinery and parts.Our policy goals are:

- Optimising routing to reduce average miles per job
- Improving driver behaviour through training and monitoring
- Improving the average fuel efficiency of the vehicle fleet through informed purchase choices

For vehicle purchases we now use two approaches:

- Extend asset life to reduce the frequency and hence volume, value and embedded carbon
of replacement purchases
- Use embedded carbon emissions data as a part of our decision process to select the best
performing vehicles available at the time

In 2024 the board agreed to change the replacement policy to:

- Standard for cars is now 5 years
- Standard for commercial is now 7 years
- Standard for lorries is now 7 years

The company continues to focus on improvement of energy efficiency programmes including driver training, further fleet replacement and obtaining power from renewable energy sources and suppliers.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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). 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 the group and of the profit or loss of the group 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;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DIRECTOR' INDEMNITIES
As permitted by the Articles of Association, the Directors have the benefit of an indemnity which is a qualifying third party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force.

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 group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Lister Wilder Group Limited (Registered number: 00423259)

Report of the Directors
for the Year Ended 31 December 2024


AUDITORS
The auditors, Sumer Auditco Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J D Scott - Director


20 June 2025

Report of the Independent Auditors to the Members of
Lister Wilder Group Limited

Opinion
We have audited the financial statements of Lister Wilder Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 December 2024 and of the group's 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 group 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 group's and the parent 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 Group Strategic Report and the Report of the Directors, 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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.

Report of the Independent Auditors to the Members of
Lister Wilder Group Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page six, 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 group's and the parent 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 group or the parent 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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK Financial Reporting Standards and UK taxation legislation.

We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

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.

Report of the Independent Auditors to the Members of
Lister Wilder Group Limited


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.




Simon Cunningham (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited
Statutory Auditor
Chartered Accountants
Lennox House
3 Pierrepont Street
Bath
Somerset
BA1 1LB

23 June 2025

Lister Wilder Group Limited (Registered number: 00423259)

Consolidated
Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £    £    £   

TURNOVER 3 82,555,888 89,003,586

Cost of sales 69,416,048 76,619,682
GROSS PROFIT 13,139,840 12,383,904

Distribution costs 51,311 48,979
Administrative expenses 12,842,738 12,013,388
12,894,049 12,062,367
245,791 321,537

Other operating income 4 1,327,583 1,792,262
OPERATING PROFIT 6 1,573,374 2,113,799


Interest payable and similar expenses 7 621,922 575,578
PROFIT BEFORE TAXATION 951,452 1,538,221

Tax on profit 8 265,991 579,815
PROFIT FOR THE FINANCIAL YEAR 685,461 958,406
Profit attributable to:
Owners of the parent 685,461 958,406

Lister Wilder Group Limited (Registered number: 00423259)

Consolidated
Other Comprehensive Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 685,461 958,406


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

685,461

958,406

Total comprehensive income attributable to:
Owners of the parent 685,461 958,406

Lister Wilder Group Limited (Registered number: 00423259)

Consolidated Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 8,271,696 7,510,924
Investments 13 - -
8,271,696 7,510,924

CURRENT ASSETS
Stocks 14 15,843,001 15,190,555
Debtors 15 4,241,434 5,704,552
Prepayments and accrued income 815,872 704,035
Cash at bank and in hand 1,700,262 4,139,601
22,600,569 25,738,743
CREDITORS
Amounts falling due within one year 16 12,403,560 14,274,306
NET CURRENT ASSETS 10,197,009 11,464,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,468,705

18,975,361

CREDITORS
Amounts falling due after more than one
year

17

(6,649,075

)

(7,963,025

)

PROVISIONS FOR LIABILITIES 21 (854,317 ) (732,484 )
NET ASSETS 10,965,313 10,279,852

CAPITAL AND RESERVES
Called up share capital 22 500,000 500,000
Retained earnings 23 10,465,313 9,779,852
SHAREHOLDERS' FUNDS 10,965,313 10,279,852

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





J D Scott - Director


Lister Wilder Group Limited (Registered number: 00423259)

Company Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 2,643,736 2,384,616
Investments 13 240,100 240,100
2,883,836 2,624,716

CURRENT ASSETS
Debtors 15 671 251,317
Prepayments and accrued income 50,391 -
Cash at bank 41,214 27,306
92,276 278,623
CREDITORS
Amounts falling due within one year 16 974,884 209,574
NET CURRENT (LIABILITIES)/ASSETS (882,608 ) 69,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,001,228

2,693,765

CREDITORS
Amounts falling due after more than one
year

17

365,391

1,158,020
NET ASSETS 1,635,837 1,535,745

CAPITAL AND RESERVES
Called up share capital 22 500,000 500,000
Retained earnings 23 1,135,837 1,035,745
SHAREHOLDERS' FUNDS 1,635,837 1,535,745

Company's profit for the financial year 100,092 414,053

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:





J D Scott - Director


Lister Wilder Group Limited (Registered number: 00423259)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 500,000 9,021,446 9,521,446

Changes in equity
Dividends - (200,000 ) (200,000 )
Total comprehensive income - 958,406 958,406
Balance at 31 December 2023 500,000 9,779,852 10,279,852

Changes in equity
Total comprehensive income - 685,461 685,461
Balance at 31 December 2024 500,000 10,465,313 10,965,313

Lister Wilder Group Limited (Registered number: 00423259)

Company Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 500,000 821,692 1,321,692

Changes in equity
Dividends - (200,000 ) (200,000 )
Total comprehensive income - 414,053 414,053
Balance at 31 December 2023 500,000 1,035,745 1,535,745

Changes in equity
Total comprehensive income - 100,092 100,092
Balance at 31 December 2024 500,000 1,135,837 1,635,837

Lister Wilder Group Limited (Registered number: 00423259)

Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (461,948 ) 1,316,652
Interest paid (538,857 ) (508,074 )
Interest element of hire purchase or finance
lease rental payments paid

(83,065

)

(67,504

)
Tax paid (115,371 ) (19,497 )
Net cash from operating activities (1,199,241 ) 721,577

Cash flows from investing activities
Purchase of intangible fixed assets - (100,000 )
Purchase of tangible fixed assets (342,096 ) (240,125 )
Sale of tangible fixed assets 90,724 231,473
Net cash from investing activities (251,372 ) (108,652 )

Cash flows from financing activities
Hire purchase loan repayments (843,007 ) (847,880 )
Loan repayments in year (145,719 ) (170,046 )
Equity dividends paid - (200,000 )
Net cash from financing activities (988,726 ) (1,217,926 )

Decrease in cash and cash equivalents (2,439,339 ) (605,001 )
Cash and cash equivalents at beginning
of year

2

4,139,601

4,744,602

Cash and cash equivalents at end of year 2 1,700,262 4,139,601

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

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

2024 2023
£    £   
Profit before taxation 951,452 1,538,221
Depreciation charges 1,344,948 1,409,486
Profit on disposal of fixed assets (27,857 ) (101,948 )
Finance costs 621,922 575,578
2,890,465 3,421,337
(Increase)/decrease in stocks (2,012,577 ) 1,510,687
Decrease/(increase) in trade and other debtors 1,351,281 (378,263 )
Decrease in trade and other creditors (2,691,117 ) (3,237,109 )
Cash generated from operations (461,948 ) 1,316,652

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 1,700,262 4,139,601
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 4,139,601 4,744,602


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 4,139,601 (2,439,339 ) 1,700,262
4,139,601 (2,439,339 ) 1,700,262
Debt
Debts falling due within 1 year (145,744 ) (715,107 ) (860,851 )
Debts falling due after 1 year (1,226,217 ) 860,826 (365,391 )
(1,371,961 ) 145,719 (1,226,242 )
Total 2,767,640 (2,293,620 ) 474,020

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Lister Wilder Group 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These consolidated financial statements are presented in Pounds Sterling (GBP), as that is the currency in which the majority of the Group’s transactions are denominated. They comprise the financial statements of the Company and its subsidiaries (together ‘the Group’) and the Group’s interests in associated entities and joint ventures drawn up for the year ended 31 December.

Going Concern
The directors have considered the ability of the Group to trade as a going concern. The directors believe the Group has sufficient cash reserves which will enable it to meet its liabilities as they fall due for at least 12 months from the date of approving these financial statements.

Basis of consolidation
The financial statements comprise those of the Company and its subsidiaries. Subsidiaries, including special purpose entities, which are directly or indirectly controlled by the Group are consolidated. Control is achieved where the Company has the power to govern the financial and operating policies of an investee so as to obtain benefits from its activities, which generally accompanies a shareholding of more than one half of the voting rights.

The consolidated financial statements are based on the financial statements of the individual companies drawn up using the standard group accounting policies. Accounting policies applied by individual subsidiaries have been revised where necessary to ensure consistency with Group policies for consolidation purposes. All companies in the Group have the same reporting date of 31 December.

All significant intra-group transactions and balances between Group entities are eliminated on consolidation.

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

Goodwill
Goodwill assets are initially measured at cost. After initial recognition, goodwill 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.
Freehold property - Nil
Long leasehold - Nil and over period of lease
Plant and machinery - 20% on straight line basis and 10% - 20% on straight line basis
Fixtures and fittings - Straight line basis over 3-5 years
Motor vehicles - 20% on reducing balance
Hire equipment - Straight line over 3-10 years

Property, plant and equipment are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks
Stocks 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised on the Group’s statement of financial position when the Group becomes a party to the contractual provisions of the instrument. Financial instruments are initially measured at transaction price unless the arrangement constitutes a financing transaction which includes transaction costs for financial instruments not subsequently measured at fair value. Subsequent to initial recognition, they are measured as set out below. A financing transaction is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payouts is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the undiscounted amount of cash receivable, which is normally the invoice price, less any allowances for doubtful debts.

Cash and cash equivalents
Cash and cash equivalents consist of cash on hand and balances with banks, and investments in money market instruments which are readily convertible, being those with original maturities of three months or less.

Cash and cash equivalents are measured at fair value, based on the relevant exchange rates at the reporting date.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options in relation to ordinary shares are shown in equity as a deduction, net of taxation, from the proceeds.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

Borrowing and borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.

All other borrowing costs are recognised in net profit or loss in the period in which they are incurred.

Leases
Leases are classified as finance leases when the terms of the lease transfer substantially all of the risks and rewards of ownership from the lessor to the lessee. All other leases are classified as operating leases.

Amounts due from lessees under finance leases are recorded as receivables at the amount of the Group’s net investment in the relevant leases. Income from finance leases is allocated to accounting periods so as to reflect a constant periodic rate of return on the Group’s net investment outstanding in respect of the relevant leases.

Rentals payable under operating leases are charged to income on a straight-line basis over the term of the relevant lease.

Assets held under finance leases are recognised as assets of the Group at the lower of the assets fair value at the date of acquisition and the present value of the minimum lease payments. The related liability to the lessor is included in the statement of financial position as a finance lease obligation.

Finance costs, which represent the difference between the total leasing commitment and the fair value of the assets acquired, are charged to the income statement over the term of the relevant lease so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period.

Dividend distributions

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Dividend distribution to the Company’s shareholders is recognised as a liability in the Group’s financial statements in the period in which the dividends are approved by the Company’s shareholders.

Critical Judgements
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities.
Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are stock provisioning and fixed asset depreciation.

3. TURNOVER

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

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 82,409,492 88,944,926
Europe 146,396 58,660
82,555,888 89,003,586

4. OTHER OPERATING INCOME
2024 2023
£    £   
Other income 1,301 7,875
Other operating income 1,326,282 1,784,387
1,327,583 1,792,262

Other operating income is comprised of rebates and other credit charges.

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 8,485,899 7,969,868
Social security costs 905,114 795,509
Other pension costs 226,872 206,734
9,617,885 8,972,111

The average number of employees during the year was as follows:
2024 2023

Wholegoods, plant and hire 50 44
Parts and services 121 111
Administration 31 29
202 184

2024 2023
£    £   
Directors' remuneration 891,227 651,284

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

5. EMPLOYEES AND DIRECTORS - continued

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

Money purchase schemes 4 4

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 215,245 152,762

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 1,344,950 1,309,486
Profit on disposal of fixed assets (27,857 ) (101,948 )
Goodwill amortisation - 100,000
Auditors' remuneration 17,500 15,250
Other non- audit services 16,850 16,600
Foreign exchange differences 10 426
Operating lease rentals 515,191 389,115

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 109,728 110,341
Stocking loan interest 429,129 397,733
Hire purchase 83,065 67,504
621,922 575,578

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 144,158 115,371

Deferred tax - timing
differences 121,833 464,444
Tax on profit 265,991 579,815

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 951,452 1,538,221
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 23.520 %)

237,863

361,790

Effects of:
Capital allowances in excess of depreciation (94,757 ) (47,084 )
Utilisation of tax losses - (177,491 )
Other 8,016 2,641
Marginal relief - (507 )
Profit on disposal of assets (6,964 ) (23,978 )
Deferred Tax 121,833 464,444
Total tax charge 265,991 579,815

9. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 0.05 each
Interim - 200,000

11. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 100,000
AMORTISATION
At 1 January 2024
and 31 December 2024 100,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

12. TANGIBLE FIXED ASSETS

Group
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2024 2,382,099 1,004,288 700,786
Additions - 247,899 353,549
Disposals - (243,579 ) (129,753 )
At 31 December 2024 2,382,099 1,008,608 924,582
DEPRECIATION
At 1 January 2024 - 507,756 348,719
Charge for year - 105,783 136,939
Eliminated on disposal - (243,579 ) (42,474 )
At 31 December 2024 - 369,960 443,184
NET BOOK VALUE
At 31 December 2024 2,382,099 638,648 481,398
At 31 December 2023 2,382,099 496,532 352,067

Fixtures
and Motor Hire
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 684,456 3,819,954 2,190,943 10,782,526
Additions 58,615 466,360 2,141,440 3,267,863
Disposals (86,635 ) (276,312 ) (1,448,650 ) (2,184,929 )
At 31 December 2024 656,436 4,010,002 2,883,733 11,865,460
DEPRECIATION
At 1 January 2024 412,599 1,340,874 661,654 3,271,602
Charge for year 99,363 536,511 466,354 1,344,950
Eliminated on disposal (85,127 ) (214,954 ) (436,654 ) (1,022,788 )
At 31 December 2024 426,835 1,662,431 691,354 3,593,764
NET BOOK VALUE
At 31 December 2024 229,601 2,347,571 2,192,379 8,271,696
At 31 December 2023 271,857 2,479,080 1,529,289 7,510,924

Included within the net book value of £8,271,696 is £2,202,695 (2023 - £2,359,136) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £524,352 (2023 - £503,463).

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

12. TANGIBLE FIXED ASSETS - continued

Company
Freehold Long Plant and
property leasehold machinery Totals
£    £    £    £   
COST
At 1 January 2024 2,382,099 - 2,650 2,384,749
Additions - 247,900 12,500 260,400
At 31 December 2024 2,382,099 247,900 15,150 2,645,149
DEPRECIATION
At 1 January 2024 - - 133 133
Charge for year - - 1,280 1,280
At 31 December 2024 - - 1,413 1,413
NET BOOK VALUE
At 31 December 2024 2,382,099 247,900 13,737 2,643,736
At 31 December 2023 2,382,099 - 2,517 2,384,616

13. FIXED ASSET INVESTMENTS

Company
Unlisted
investments
£   
COST
At 1 January 2024
and 31 December 2024 240,100
NET BOOK VALUE
At 31 December 2024 240,100
At 31 December 2023 240,100

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Details of the subsidiaries which have been consolidated in the group financial statements at 31 December 2023 are as follows:


Name of subsidiary
Country of
incorporation

Ownership %

Lister Wilder Limited UK 100
Walter Wilder Limited UK 100
Land Aids Limited UK 99
Tractors & Farmaids Limited UK 99



Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

14. STOCKS

Group
2024 2023
£    £   
Work-in-progress 107,058 74,517
Finished goods 15,735,943 15,116,038
15,843,001 15,190,555

Included above are allowances for estimated irrecoverable stock of £494,143 (2023: £1,150,002).

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 4,318,525 5,799,014 671 942
Provision for doubtful debts (79,591 ) (98,504 ) - -
Other debtors 2,500 3,667 - 250,000
Prepayments and accrued income - 375 - 375
4,241,434 5,704,552 671 251,317

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 18) 792,654 66,434 792,654 66,434
Other loans (see note 18) 68,197 79,310 - -
Trade creditors 8,245,682 9,659,305 2,034 502
Amounts owed to group undertakings - - 117,748 100,000
Tax 144,158 115,371 34,294 18,262
Social security and other taxes 870,045 1,923,704 - -
VAT 9,551 8,250 9,551 8,250
Other creditors 46,827 43,664 - -
Hire purchase agreements 685,283 705,177 - -
Accruals and deferred income 1,541,163 1,673,091 18,603 16,126
12,403,560 14,274,306 974,884 209,574

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 18) 365,391 1,158,020 365,391 1,158,020
Other loans (see note 18) - 68,197 - -
Hire purchase agreements 764,717 1,121,469 - -
Stocking loans 5,518,967 5,615,339 - -
6,649,075 7,963,025 365,391 1,158,020

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

18. LOANS

Included within creditors are other loans outstanding at the year end of £68,197 (2023: £147,508) for various plant and equipment assets. This balance is fully comprised of amounts falling due within one year.

Liabilities in respect of hire purchase agreements are secured on the assets to which they relate.

Stocking loans of £5,518,967 (2023: £5,615,339) are secured on the assets to which they relate and are repayable at various dates over more than one year. Interest is charged on these loans at 2.25% above the Bank of England base rate.

Included within creditors is a mortgage loan received in 2020 by Lister Wilder Group Ltd, in order to fund the purchase of the freehold at White House Farm, Reading. Interest on this loan is calculated on a floating rate basis, under which the interest rate will never be less than the margin of 2.25% per annum. As at the year end, the balance of this loan was £771,173 (2023: £818,235). This balance is fully comprised of amounts falling due within one year.

Also included within creditors is a mortgage loan received in 2021 by Lister Wilder Group Ltd, in order to fund the purchase of the property at Unit 3, Henwood Industrial Estate, Kent. Interest on this loan is calculated on a floating rate basis, under which the interest rate will never be less than the margin of 2.25% per annum. As at the year end, the balance of this loan was £386,873 (2023: £406,219). This balance is made up of £21,481 falling due within one year and £365,392 falling due after more than one year.

Debentures and Guarantees

Lister Wilder Group Limited
Barclays Bank hold a fixed charge over the freehold property known as Unit 3, Henwood Industrial Estate, Ashford, Kent, TN2 8FL.

Barclays Bank hold a fixed charge over the freehold property known as Whitehouse Farm, Whitehouse Lane, Spencers Wood, Reading, Berkshire, RG7 1HR.

Barclays Bank hold a Debenture and Guarantee (including fixed and floating charges) over assets of the Company.

Lister Wilder Limited
Barclays Bank hold a Debenture and Cross Guarantee (including fixed and floating charges) over the assets between Lister Wilder Group Limited and Lister Wilder Limited.

Barclays Bank hold Guarantees and Debentures over the fixed and floating charges over assets of the Company.

Lombard North Central PLC hold a charge over the Sub-Hire agreements.

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

The present value of finance lease agreements is as follows:

31.12.24 31.12.23
£ £
Within one year 685,283 705,177
In more than one year 764,717 1,121,469
1,450,000 1,826,646


Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24 31.12.22
£ £
Within one year 418,743 337,441
Between one and five years 1,002,560 954,248
In more than five years 1,186,667 1,269,041
2,607,970 2,560,730

20. FINANCIAL INSTRUMENTS

The company has the following financial instruments:

31.12.24 31.12.23
£    £   

Financial assets that are debt instruments measured at amortised cost:
Trade debtors 4,318,525 5,799,011
4,318,525 5,799,011

Financial liabilities measured at amortised cost:
Bank loans and overdrafts 1,158,045 1,224,454
Trade creditors 8,245,682 9,659,305
Hire purchase agreements 1,450,000 1,826,646
Stocking loans 5,518,967 5,615,339
Other loans 68,197 147,507
Directors' current accounts - -
Directors' loan accounts - -
16,440,891 18,473,251

21. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 854,317 732,484

Group
Deferred
tax
£   
Balance at 1 January 2024 732,484
Charge to Income Statement during year 121,833
Balance at 31 December 2024 854,317

Lister Wilder Group Limited (Registered number: 00423259)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 December 2024

22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000,000 Ordinary 0.05 500,000 500,000

23. RESERVES

Group
Retained
earnings
£   

At 1 January 2024 9,779,852
Profit for the year 685,461
At 31 December 2024 10,465,313

Company
Retained
earnings
£   

At 1 January 2024 1,035,745
Profit for the year 100,092
At 31 December 2024 1,135,837


24. RELATED PARTY DISCLOSURES

The group paid total rental amounts of £22,545 (2023: £22,545) to the directors during the year.

The group also paid total rental amounts of £138,000 (2023: £130,000) to a Self Invested Personal Pension Scheme, held to the benefit of some of the directors.