REGISTERED NUMBER: 01454597 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Emsley Crane Hire Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

P H Emsley

J M Emsley

SECRETARY:

P H Emsley

REGISTERED OFFICE:

Claro Park

Claro Road

Harrogate

North Yorkshire

HG1 4BB

REGISTERED NUMBER:

01454597 (England and Wales)

AUDITORS:

S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

BANKERS:

National Westminster Bank Plc

3 Cambridge Crescent

Harrogate

North Yorkshire

HG1 1PJ

The directors present their strategic report for the year ended 31 December 2024.

INTRODUCTION

The Company's principal activity during the year continued to be that of craneage services.

There have not been any significant changes in the Company's activities in the year under review.

BUSINESS REVIEW

Turnover in 2024 of £10,987,047 was lower than 2023 turnover of £11,475,390. The Company made a profit for the financial year of £1,854,223 compared to £2,348,501 as per the restated balance in 2023. Reserves are also held by the Company and were £15,679,344 at the end of 2024, having been £16,873,901 at the end of 2023.

The business continues to perform at a high level and in line with management's expectations

PRINCIPAL RISKS AND UNCERTAINTIES

The key business risks and uncertainties affecting the Company are considered to relate to competition and the market forces within the industry.

FINANCIAL KEY PERFORMANCE INDICATORS

Financial performance is measured by turnover and operating profit. Turnover was lower in 2024 compared to 2023, as set out above.

Operating profit was £2,143,895 in 2024 compared to £2,718,288 in 2023 due to an increase in administrative costs for the year.

FUTURE DEVELOPMENTS

The directors intentions are to continue the strong performance of the business in these admittedly difficult trading conditions.

ON BEHALF OF THE BOARD:

P H Emsley - Secretary

30 September 2025

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

DIVIDENDS

The dividends declared for the year were £3,048,780 (2023: £2,317,073).

DIRECTORS

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

P H Emsley

J M Emsley

RESULTS AND DIVIDENDS

The profit for the year, after taxation, amounted to £1,854,223 (2023: £2,348,501).

Particulars of dividends paid are detailed in the notes to the financial statements.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company 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 Company's operations.

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

Credit Risk

The Company monitors credit risk closely and considers that its current policies of credit checks meets its objectives of managing exposure to credit risk.

The Company has no significant concentrations of credit risk. Amounts shown in the balance sheet best represent the maximum credit risk exposure in the event other parties fail to perform their obligations under financial instruments.

MATTERS COVERED IN THE STRATEGIC REPORT

Disclosures with regards to review of the business, principle risks and uncertainties, financial key performance indicators and future developments are included in the strategic report.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, S&W Audit (a trading name of S&W Partners Audit Limited), will be proposed for re-appointment at the forthcoming Annual General Meeting in accordance with section 485 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

P H Emsley - Secretary

30 September 2025

Opinion

We have audited the financial statements of Emsley Crane Hire Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Report of the Directors and Financial Statements, other than the financial statements and our auditor's report thereon.

The directors are responsible for the other information contained within the Report of the Directors and Financial Statements. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

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 course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect irregularities. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained a general understanding of the Company's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's policies and procedures regarding compliance, and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the Company's industry and regulation.

We understand that the Company complies with the framework through:

- Outsourcing accounts preparation and tax compliance to external experts.

- Subscribing to relevant updates from external experts, and making changes to internal procedures and controls as necessary.

- The Directors' close involvement in the day-to-day running of the business, meaning that any litigation or claims would come to their attention directly.

In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the Company's ability to conduct its business, and/or where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the Company:

- The Companies Act 2006 and FRS 102 1A in respect of the preparation and presentation of the financial statements.

- UK Taxation Law

- Specific industry standards

We performed the following specific procedures to gain evidence about compliance with the significant laws and regulations identified above:

- Made enquiries of management regarding compliance with laws and regulations and any known non-compliance in the year

- Reviewed legal expense accounts

- Obtaining written management representations regarding the adequacy of procedures in place.

The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. The areas identified in this discussion were:

- Manipulation of the financial statements, especially revenue, via fraudulent manual journal entries.

- Incorrect recognition of revenue

The procedures we carried out to gain evidence in the above areas included:

- Testing of manual journal entries, selected based on specific risk assessments applied based on the client processes and controls surrounding manual journals; and

- Testing a sample of revenue transactions to underlying documentation, including ensuring revenue is recognised in the correct period and has occurred

Overall, the senior statutory auditor was satisfied that the engagement team collectively had the appropriate competence and capabilities to identify or recognise irregularities.

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

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Matthew Barton BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of S&W Audit

Statutory Auditor

Chartered Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

30 September 2025

TURNOVER

5

10,987,047

11,475,390

Cost of sales

6,043,370

6,421,647

GROSS PROFIT

4,943,677

5,053,743

Distribution costs

-

12,600

Administrative expenses

2,813,515

2,335,912

2,813,515

2,348,512

2,130,162

2,705,231

Other operating income

6

13,733

13,057

OPERATING PROFIT

8

2,143,895

2,718,288

Interest receivable and similar income

9

467,966

352,294

2,611,861

3,070,582

Interest payable and similar expenses

10

1,485

-

PROFIT BEFORE TAXATION

2,610,376

3,070,582

Tax on profit

11

756,153

722,081

PROFIT FOR THE FINANCIAL YEAR

1,854,223

2,348,501

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,854,223

2,348,501

Prior year adjustment

13

(336,743

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

1,517,480

FIXED ASSETS

Tangible assets

14

4,212,466

5,729,527

CURRENT ASSETS

Stocks

15

533,000

422,000

Debtors

16

2,546,804

2,822,803

Cash at bank and in hand

12,636,214

11,457,017

15,716,018

14,701,820

CREDITORS

Amounts falling due within one year

17

3,592,458

2,744,310

NET CURRENT ASSETS

12,123,560

11,957,510

TOTAL ASSETS LESS CURRENT LIABILITIES

16,336,026

17,687,037

PROVISIONS FOR LIABILITIES

18

656,682

813,136

NET ASSETS

15,679,344

16,873,901

CAPITAL AND RESERVES

Called up share capital

19

100,000

100,000

Retained earnings

15,579,344

16,773,901

SHAREHOLDERS' FUNDS

15,679,344

16,873,901

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J M Emsley - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100,000

16,742,473

16,842,473

Changes in equity

Dividends

-

(2,317,073

)

(2,317,073

)

Total comprehensive income

-

2,685,244

2,685,244

Balance at 31 December 2023

100,000

17,110,644

17,210,644

Prior year adjustment

-

(336,743

)

(336,743

)

As restated

100,000

16,773,901

16,873,901

Changes in equity

Dividends

-

(3,048,780

)

(3,048,780

)

Total comprehensive income

-

1,854,223

1,854,223

Balance at 31 December 2024

100,000

15,579,344

15,679,344

1.	STATUTORY INFORMATION

Emsley Crane Hire 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Exemptions

FRS 102 allows a qualifying entity certain disclosure exemptions, subject to certain conditions, which have been complied with, including notification of, and no objection to, the use of exemptions by the Company's members.

The Company has taken advantage of the following exemptions:

(i) from preparing a statement of cash flows, on the basis that it is a qualifying entity and the Company's results will be included within the consolidated financial statements of Emsley Brothers Limited and so the Company's cash flows will be included within the consolidated statement of cash flows which will be included in those financial statements.

(ii) from the financial instrument disclosures, required under FRS 102 paragraphs 11.39 to 11.48A and paragraphs 12.26 to 12.29, as the information is provided in the consolidated financial statement disclosures.

(iii) from disclosing transactions with members of the Emsley Brothers Limited group as the Company is a wholly owned subsidiary of Emsley Brothers Limited.

Turnover

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

Turnover is recognised based on the period of provision of hire of the cranes and associated services to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manor intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Impairment of fixed assets

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 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.

Interest income

Interest income is recognised in the profit and loss account in the period in which it is receivable.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Employee benefits

Short term employee benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which they are incurred.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

4.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

There are no critical accounting judgements within these financial statements.

5.

TURNOVER

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

6.	OTHER OPERATING INCOME

2024

2023

as

restated

£

£

Management charges receivable

13,733

13,057

7.	EMPLOYEES AND DIRECTORS

2024

2023

as

restated

£

£

Wages and salaries

3,453,942

3,737,825

Social security costs

322,486

344,784

Other pension costs

65,598

66,115

3,842,026

4,148,724

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

2024

2023

as

restated

Number of administrative staff

5

5

Number of crane operatives

56

66

61

71

31/12/23

31/12/22

£

£

Directors' remuneration

103,930

102,050

103,930

102,050

.

8.	OPERATING PROFIT

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

2024

2023

as

restated

£

£

Depreciation - owned assets

1,549,417

1,280,308

Profit on disposal of fixed assets

(57,043

)

(250,717

)

Auditors' remuneration

10,000

10,000

Defined contribution pension costs

65,598

66,115

9.

INTEREST RECEIVABLE AND SIMILAR INCOME

2024

2023

as

restated

£

£

Bank interest receivable

447,882

335,828

Other interest receivable

20,084

16,466

467,966

352,294

10.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

as

restated

£

£

Other interest - overdue tax

1,485

-

11.

TAXATION

Analysis of the tax charge

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

2024

2023

as

restated

£

£

Current tax:

UK corporation tax

912,607

811,593

Deferred tax

(156,454

)

(89,512

)

Tax on profit

756,153

722,081

UK corporation tax has been charged at 25% (2023 - 25%).

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

as

restated

£

£

Profit before tax

2,610,376

3,070,582

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

652,594

722,201

Effects of:

Rounding on tax charge

-

(120

)

Deferred tax in respect or prior year adjustment

103,559

-

Total tax charge

756,153

722,081

12.

DIVIDENDS

2024

2023

as

restated

£

£

Ordinary shares of £1 each

Dividends paid on ordinary

shares

3,048,780

2,317,073

3,048,780

2,317,073

13.	PRIOR YEAR ADJUSTMENT

In the prior year the assets were under-depreciated due to an incorrect application of the depreciation policy, resulting in an overstatement of the net book value of plant and machinery.

A prior year adjustment has been made to depreciation, reducing the carrying amount of plant by £440,302, the deferred tax in respect of this adjustment was £103,559. The impact on profit and net assets being a reduction of 336,743.

14.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

26,096,938

589,827

26,686,765

Additions

-

33,313

33,313

Disposals

(345,000

)

-

(345,000

)

At 31 December 2024

25,751,938

623,140

26,375,078

DEPRECIATION

At 1 January 2024

20,509,425

447,813

20,957,238

Charge for year

1,506,973

42,444

1,549,417

Eliminated on disposal

(344,043

)

-

(344,043

)

At 31 December 2024

21,672,355

490,257

22,162,612

NET BOOK VALUE

At 31 December 2024

4,079,583

132,883

4,212,466

At 31 December 2023

5,587,513

142,014

5,729,527

15.

STOCKS

2024

2023

as

restated

£

£

Stocks

533,000

422,000

16.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade debtors

2,280,974

2,271,716

Directors' loan accounts

10,200

-

VAT

-

213,878

Prepayments

255,630

337,209

2,546,804

2,822,803

17.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade creditors

115,610

248,321

Amounts owed to group undertakings

2,020,328

1,471,548

Tax

609,112

290,692

Social security and other taxes

72,187

78,191

VAT

49,677

-

Other creditors

703,581

633,797

Accruals and deferred income

21,963

21,761

3,592,458

2,744,310

18.	PROVISIONS FOR LIABILITIES

2024

2023

as

restated

£

£

Deferred tax

656,682

813,136

Deferred

tax

£

Balance at 1 January 2024

813,136

Provided during year

(156,454

)

Balance at 31 December 2024

656,682

The provision for deferred taxation is made up of accelerated capital allowances.

The amount which will reverse in 2024 is not certain as it will be affected by the level of fixed asset additions made by the company.

19.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

100,000

Ordinary

£1

100,000

100,000

20.	PENSION COMMITMENTS

There were pension contributions of £65,598 (2023: £66,115) payable during the year. There were no outstanding liabilities at the year end (2023: £NIL)

21.	ULTIMATE PARENT COMPANY

At the year end the Company was a 100% owned subsidiary of Emsley Brothers Limited, a company registered in England and Wales. Copies of the accounts of Emsley Brothers Limited may be obtained from the registered office at Claro Park, Claro Road, Harrogate, North Yorkshire, HG1 4BB.