E. S. Hartley Limited iXBRL

E. S. Hartley Limited

Reports and Financial Statements

for the financial year ended 31 December 2024

E. S. Hartley Limited

DIRECTORS AND OTHER INFORMATION


Directors	Neil Worrall
	Benjamin Molyneux


Company Registration Number	02909182


Registered Office and Business Address	Ings
	Kendal
	Cumbria
	LA8 9PY


Independent Auditors	Crowley Young
	Chartered Accountants
	Level 1
	Devonshire House
	One Mayfair Place
	London
	W1J 8AJ


Bankers	Royal Bank of Scotland
	36 St Andrew Square
	Edinburgh
	EH2 2AD


Solicitors	Temple Heelis
	Bridge Mills
	Stramongate
	Kendal
	Cumbria
	LA9 4UB

E. S. Hartley Limited

STRATEGIC REPORT

for the financial year ended 31 December 2024

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

Review of the Company's Business

The company performed well during 2024, increasing turnover by over £1m to £21.48m (FY23 £20.43M).

Gross profit margin and operating profit also improved, but due to increased interest charges profit before tax reduced by £122,661.

Net assets have reduced to £1.62m from £1.71m in the previous year. The directors paid a divided of £232,000 and are pleased with the overall performance of the company.

Principal Risks and Uncertainties

The directors are aware of the inherent risks within the motor industry. The company monitors and manages these risks through internal controls and maintaining awareness of the markets within which it operates.

Economic Risk
Significant political events and changing economic landscape in the UK and overseas can impact the company's business through, for example, supply chain disruption, labour costs and supply as well as the introduction of policies that may directly impact the company's business model. These risks are considered when setting the company's business strategy and operating model as well as working closely with our key suppliers to mitigate any supply chain risks.

Government regulations
Changes in the regulatory environment may affect trading conditions. Consultation with government agencies and our involvement with leading industry groups and stakeholders help to monitor, understand, and plan for proposed changes.

Health and safety
The directors consider this to be an area of critical importance with the company promoting a positive safety culture, ensuring the wellbeing of all parties involved with our work. Health and safety or environmental breaches can impact employees and undermine the creation of a great place to work.

Financial Key Performance Indicators

Each new and used unit sale has budgetary and financial reporting procedures, supported by appropriate key performance indicators to manage credit, liquidity and other financial risk. Key performance indicators used by management include turnover and profitability per vehicle. The business continually assesses performance against budget.

Section 172 Statement

The board of directors plan for the business is designed to have a long term beneficial impact on the company and to contribute to its success.

Our employees are fundamental to the delivery of our plan. We aim to be a responsible employer in our approach to the pay and benefits our employees receive. The health, safety and well-being of our employees is one of our primary considerations in the way we do business.

We act responsibly and fairly in our dealings with our suppliers and co-operate with our regulators, all of whom are integral to the successful delivery of our plan.

We consider how our business impacts the community and the environment.

As the Board of Directors, our intention is to behave responsibly and we ensure that all employees at management level act in a responsible manner, operating within the high standards of business conduct and good governance expected for a a business such as ours.

Our intention is to behave responsibly towards our shareholders and treat them fairly so they too may benefit from the successful delivery of our plan.

On behalf of the board

___________________________

Neil Worrall

Director

___________________________

Benjamin Molyneux

Director


29 September 2025

E. S. Hartley Limited

DIRECTORS' REPORT

for the financial year ended 31 December 2024

The directors present their report and the audited financial statements for the financial year ended 31 December 2024.

Principal Activity

Sale of motorhomes.

Results and Dividends

The profit for the financial year after providing for depreciation and taxation amounted to £145,835 (2023 - £241,440).

The directors have paid a final dividend amounting to £232,000.

Directors

The directors who served during the financial year are as follows:

Neil Worrall

Benjamin Molyneux

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

Future Developments

The company plans to continue its present activities and current trading levels. Employees are kept as fully informed as practicable about developments within the business.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, Directors' Report 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) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. 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 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.

Disclosure of Information to Auditor
Each persons who are directors at the date of approval of this report confirms that:
In so far as the directors are aware:
■there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and
■the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Auditors

The auditors, Crowley Young, (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

On behalf of the board

___________________________

Neil Worrall

Director

___________________________

Benjamin Molyneux

Director

29 September 2025

INDEPENDENT AUDITOR'S REPORT

to the Shareholders of E. S. Hartley Limited

Report on the audit of the financial statements

Opinion

We have audited the financial statements of E. S. Hartley Limited ('the company') for the financial year ended 31 December 2024 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 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 financial 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 Auditor's 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 the date 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 annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. 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.

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.

Opinion 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

■

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

Matters on which we are required to report by exception

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

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

■

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 for the financial statements

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 they determine is 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 has no realistic alternative but to do so.

Auditor's 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 an Auditor's Report 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 of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our procedures included: enquiry of management and those charged with Governance around actual and potential litigation and claims; enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations; reviewing minutes of meetings of those charged with governance; reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.

A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.

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 an auditor's report 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.

__________________________________

Fintan Crowley (Senior Statutory Auditor)

for and on behalf of

CROWLEY YOUNG

Chartered Accountants

Level 1

Devonshire House

One Mayfair Place

London

W1J 8AJ

29 September 2025

E. S. Hartley Limited

APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

■

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

■

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

■

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

■

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.

■

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

E. S. Hartley Limited

INCOME STATEMENT

for the financial year ended 31 December 2024

	2024	2023
Notes	£	£

Turnover	3	21,486,597	20,437,275

Cost of sales		(20,119,509)	(19,187,103)
		─────────	─────────
Gross profit		1,367,088	1,250,172

Administrative expenses		(711,390)	(652,061)
		─────────	─────────
Operating profit	4	655,698	598,111

Interest receivable and similar income	5	3,436	2,445
Interest payable and similar expenses	6	(446,458)	(265,219)
		─────────	─────────
Profit before taxation		212,676	335,337

Tax on profit	8	(66,841)	(93,897)
		─────────	─────────
Profit for the financial year	18	145,835	241,440
		─────────	─────────
Total comprehensive income		145,835	241,440
		═════════	═════════

E. S. Hartley Limited

Company Registration Number: 02909182

STATEMENT OF FINANCIAL POSITION

as at 31 December 2024

		2024	2023
	Notes	£	£

Non-Current Assets

Property, plant and equipment

80,488

80,939

─────────

Current Assets

Stocks

10,066,021

7,768,129

Debtors

120,682

348,054

Cash and cash equivalents

261,715

288,435

─────────

10,448,418

8,404,618

─────────

Creditors: amounts falling due within one year

(8,563,651)

(6,415,119)

─────────

Net Current Assets

1,884,767

1,989,499

─────────

Total Assets less Current Liabilities

1,965,255

2,070,438

Creditors:

amounts falling due after more than one year

(342,841)

(361,859)

─────────

Net Assets

1,622,414

1,708,579

═════════

Capital and Reserves

Called up share capital

150,000

150,000

Retained earnings

1,472,414

1,558,579

─────────

Equity attributable to owners of the company

1,622,414

1,708,579

═════════

Approved by the Board and authorised for issue on 29 September 2025 and signed on its behalf by

________________________________

Neil Worrall

Director

________________________________

Benjamin Molyneux

Director

E. S. Hartley Limited

STATEMENT OF CHANGES IN EQUITY

as at 31 December 2024

	Called up	Retained	Total
	share	earnings
	capital
	£	£	£

At 1 January 2023	150,000	1,389,139	1,539,139
	─────────	─────────	─────────
Profit for the financial year	-	241,440	241,440
	─────────	─────────	─────────
Payment of dividends	-	(72,000)	(72,000)
	─────────	─────────	─────────
At 31 December 2023	150,000	1,558,579	1,708,579
	─────────	─────────	─────────
Profit for the financial year	-	145,835	145,835
	─────────	─────────	─────────
Payment of dividends	-	(232,000)	(232,000)
	─────────	─────────	─────────
At 31 December 2024	150,000	1,472,414	1,622,414
	═════════	═════════	═════════

E. S. Hartley Limited

STATEMENT OF CASH FLOWS

for the financial year ended 31 December 2024

	2024	2023
Notes	£	£

Cash flows from operating activities

Profit for the financial year

145,835

241,440

Adjustments for:

Interest receivable and similar income

(3,436)

(2,445)

Interest payable and similar expenses

446,458

265,219

Tax on profit on ordinary activities

66,841

93,897

Depreciation

17,655

15,197

─────────

673,353

613,308

Movements in working capital:

Movement in stocks

(2,297,892)

(2,711,609)

Movement in debtors

227,372

(222,955)

Movement in creditors

2,126,979

1,042,004

─────────

Cash generated from/(used in) operations

729,812

(1,279,252)

Interest paid

(44,599)

(30,721)

Tax paid

(93,897)

(160,378)

─────────

Net cash generated from/(used in) operating activities

591,316

(1,470,351)

─────────

Cash flows from investing activities

Interest received

3,436

2,445

Interest element of finance lease rental payments

(401,859)

(234,498)

Payments to acquire property, plant and equipment

(17,204)

89,905

─────────

Net cash used in investment activities

(415,627)

(142,148)

─────────

Cash flows from financing activities

New long term loan		(10,000)	(10,000)
New short term loan		47,260	1,937,558
Capital element of hire purchase contracts		(7,669)	11,097
Advances from connected parties		-	(85,502)
Dividends paid		(232,000)	(72,000)
		─────────	─────────
Net cash (used in)/generated from financing activities		(202,409)	1,781,153
		─────────	─────────

Net (decrease)/increase in cash and cash equivalents		(26,720)	168,654
Cash and cash equivalents at beginning of financial year		288,435	119,781
		─────────	─────────
Cash and cash equivalents at end of financial year	13	261,715	288,435
		═════════	═════════

E. S. Hartley Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

E. S. Hartley Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 02909182. The registered office of the company is Ings, Kendal, Cumbria, LA8 9PY which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Short leasehold property

Over the period of the lease of 16 years

Plant and machinery

10% Straight line

Fixtures, fittings and equipment

20% Straight line

Motor vehicles

20% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing and hire purchases

Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Share capital of the company

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Preference share capital

The dividend rights of the preference shares are non-cumulative and payment is at the discretion of the company. The preference shares carry voting rights at meetings. Based on their characteristics the preference shares are considered to be presented as equity and not liabilities. There is no option to redeem the preference shares.

Turnover

The whole of the company's turnover is attributable to its market in the United Kingdom and is derived from the principal activity of


4.	Operating profit	2024	2023
		£	£
	Operating profit is stated after charging/(crediting):
	Depreciation of property, plant and equipment	17,655	15,197
	Profit on foreign currencies	(50,863)	(10,640)
	Auditor's remuneration
	- audit services	11,150	5,400
		═════════	═════════


5.	Interest receivable and similar income	2024	2023
		£	£

	Bank interest	3,436	2,445
		═════════	═════════


6.	Interest payable and similar expenses	2024	2023
		£	£

	Finance lease charges and hire purchase interest	446,458	265,219
		═════════	═════════

Employees and remuneration

Number of employees

The average number of persons employed (including executive directors) during the financial year was as follows:

2024

2023

Number

Number

Management

Sales and administration

─────────

═════════

The staff costs (inclusive of directors' salaries) comprise:

2024

2023

Wages and salaries

601,539

619,324

Social security costs

56,494

57,054

Pension costs

11,005

11,988

─────────

669,038

688,366

═════════

Tax on profit

2024

2023

(a) Analysis of charge in the financial year

Current tax:

Corporation tax at 25.00% (2023 - 23.52%) (Note 8 (b))

66,841

93,897

═════════

(b) Factors affecting tax charge for the financial year

The tax assessed for the financial year differs from the standard rate of corporation tax in the United Kingdom 25.00% (2023 - 23.52%). The differences are explained below:

2024

2023

Profit taxable at 25.00%

212,676

335,337

═════════

Profit before tax

multiplied by the standard rate of corporation tax

in the United Kingdom at 25.00% (2023 - 23.52%)

53,169

78,871

Effects of:

Expenses not deductible for tax purposes

11,463

13,232

Depreciation in excess of capital allowances for period

2,209

1,794

─────────

Total tax charge for the financial year (Note 8 (a))

66,841

93,897

═════════


9.	Dividends	2024	2023
		£	£
	Dividends on equity shares:

	A Ordinary shares - Final paid	232,000	72,000
		═════════	═════════


10.	Property, plant and equipment
		Short	Plant and	Fixtures,	Motor	Total
		leasehold	machinery	fittings and	vehicles
		property		equipment
		£	£	£	£	£
	Cost
	At 1 January 2024	224,036	134,394	145,471	93,438	597,339
	Additions	-	15,986	1,218	-	17,204
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2024	224,036	150,380	146,689	93,438	614,543
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 January 2024	224,036	126,090	142,826	23,448	516,400
	Charge for the financial year	-	3,309	348	13,998	17,655
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2024	224,036	129,399	143,174	37,446	534,055
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 31 December 2024	-	20,981	3,515	55,992	80,488
		═════════	═════════	═════════	═════════	═════════
	At 31 December 2023	-	8,304	2,645	69,990	80,939
		═════════	═════════	═════════	═════════	═════════


11.	Stocks	2024	2023
		£	£

	Finished goods and goods for resale	10,066,021	7,768,129
		═════════	═════════


12.	Debtors	2024	2023
		£	£

	Trade debtors	27,562	169,114
	Amounts owed by connected parties (Note 21)	9,500	9,500
	Other debtors	7,167	167
	Taxation (Note 16)	-	56,730
	Prepayments and accrued income	76,453	112,543
		─────────	─────────
		120,682	348,054
		═════════	═════════


13.	Cash and cash equivalents	2024	2023
		£	£

	Cash and bank balances	255,120	282,489
	Cash equivalents	6,595	5,946
		─────────	─────────
		261,715	288,435
		═════════	═════════


14.	Creditors	2024	2023
	Amounts falling due within one year	£	£

	Bank loan	10,000	10,000
	Vehicle stock finance	3,020,318	2,973,058
	Net obligations under finance leases
	and hire purchase contracts	30,563	29,214
	Trade creditors	5,114,375	3,105,244
	Taxation (Note 16)	240,998	108,829
	Directors' current accounts (Note 20)	133,492	177,620
	Other creditors	2,216	2,216
	Accruals:
	Pension accrual	2,904	2,904
	Other accruals	8,785	6,034
		─────────	─────────
		8,563,651	6,415,119
		═════════	═════════


15.	Creditors	2024	2023
	Amounts falling due after more than one year	£	£

	Bank loan	5,000	15,000
	Finance leases and hire purchase contracts	337,841	346,859
		─────────	─────────
		342,841	361,859
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 14)	3,030,318	2,983,058
	Repayable between one and two years	5,000	15,000
		─────────	─────────
		3,035,318	2,998,058
		═════════	═════════


	Net obligations under finance leases
	and hire purchase contracts
	Repayable within one year	30,563	29,214
	Repayable between one and five years	337,841	346,859
		─────────	─────────
		368,404	376,073
		═════════	═════════


16.	Taxation	2024	2023
		£	£

	Debtors:
	VAT	-	56,730
		═════════	═════════
	Creditors:
	VAT	162,196	-
	Corporation tax	66,841	93,897
	PAYE / NI	11,961	14,932
		─────────	─────────
		240,998	108,829
		═════════	═════════


17.	Share capital			2024	2023
				£	£
	Description	Number of shares	Value of units

	Allotted, called up and fully paid
	A Ordinary shares	137,500	£1.00 each	137,500	137,500
	B Ordinary shares	10,000	£1.00 each	10,000	10,000
	Preference shares	2,500	£1.00 each	2,500	2,500
				─────────	─────────
				150,000	150,000
				═════════	═════════


18.	Income Statement

		2024	2023
		£	£

	At 1 January 2024	1,558,579	1,389,139
	Profit for the financial year	145,835	241,440
	Payment of dividends	(232,000)	(72,000)
		─────────	─────────
	At 31 December 2024	1,472,414	1,558,579
		═════════	═════════

19.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.


20.	Directors' remuneration and transactions	2024	2023
		£	£

	Remuneration	11,000	11,000
		═════════	═════════


The following amounts are repayable to the directors:
	2024	2023
	£	£

Neil Worrall	133,492	177,620
	═════════	═════════


21.	Related party transactions
		Balance	Balance
		2024	2023
		£	£

	JVM Combi Limited	9,500	9,500

22.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.


23	Reconciliation of Net Cash Flow to Movement in Net Debt
		Opening	Cash	Other	Closing
		balance	flows	changes	balance

		£	£	£	£

	Long-term borrowings	(25,000)	10,000	10,000	(5,000)
	Short-term borrowings	(2,973,058)	(47,260)	(10,000)	(3,030,318)
	Finance lease and hire purchase	(376,073)	7,669	-	(368,404)
		─────────	─────────	─────────	─────────
	Total liabilities from financing activities	(3,374,131)	(29,591)	-	(3,403,722)
		═════════	═════════	═════════	─────────
	Total Cash and cash equivalents (Note 13)				261,715
					─────────
	Total net debt				(3,142,007)
					═════════

E. S. Hartley Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 31 December 2024




		2024	2023
	Schedule	£	£

Sales		21,486,597	20,437,275
Cost of sales	1	(20,119,509)	(19,187,103)
		─────────	─────────
Gross profit		1,367,088	1,250,172
		─────────	─────────
Gross profit Percentage		6.4%	6.1%
		─────────	─────────

Overhead expenses	2	(1,157,848)	(917,280)
		─────────	─────────
		209,240	332,892

Miscellaneous income	3	3,436	2,445
		─────────	─────────
Net profit		212,676	335,337
		═════════	═════════

E. S. Hartley Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 1 : COST OF SALES

for the financial year ended 31 December 2024




	2024	2023
	£	£
Cost of Sales

Opening stock	7,768,129	5,056,520
Purchases	21,741,012	21,178,916
Direct costs	132,891	138,345
Wages and salaries	458,622	501,089
Social security costs	36,671	41,936
Staff pension scheme costs	7,330	8,408
Insurance	18,191	9,616
Sundry expenses	22,684	20,402
	─────────	─────────
	30,185,530	26,955,232
Closing stock	(10,066,021)	(7,768,129)
	─────────	─────────
	20,119,509	19,187,103
	═════════	═════════

E. S. Hartley Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 2 : OVERHEAD EXPENSES

for the financial year ended 31 December 2024




	2024	2023
	£	£

Administration Expenses

Wages and salaries (including directors' remuneration)

142,917

118,235

Social security costs

19,823

15,118

Staff defined contribution pension costs

3,675

3,580

Staff training

2,274

1,574

Staff recruitment

1,703

1,500

Rent payable

93,433

93,986

Rates

5,668

6,892

Insurance

53,809

45,853

Light and heat

26,339

20,290

Cleaning

10,703

10,344

Repairs and maintenance

13,415

10,786

Printing, postage and stationery

9,458

12,498

Advertising

125,632

102,939

Telephone

9,621

6,593

Computer costs

19,840

17,304

Hire of equipment

Motor expenses

43,868

44,489

Travelling

27,258

21,942

Entertaining

45,852

12,263

Legal and professional

1,148

15,436

Consultancy fees

22,000

23,100

Bank charges

7,149

7,334

Credit card charges

6,465

5,741

Doubtful debts

12,000

12,000

Profit/loss on exchange

(50,863)

(10,640)

Staff welfare

2,346

2,779

General expenses

23,835

25,039

Subscriptions

2,054

2,402

Auditor's remuneration

11,150

5,400

Depreciation of property, plant and equipment

17,655

15,197

Charitable donations

1,141

2,087

─────────

711,390

652,061

─────────

Finance

Hire purchase interest	44,599	30,721
Stock finance charges	401,859	234,498
	─────────	─────────
	446,458	265,219
	─────────	─────────

Total Overheads	1,157,848	917,280
	═════════	═════════

E. S. Hartley Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 3 : MISCELLANEOUS INCOME

for the financial year ended 31 December 2024




	2024	2023
	£	£
Miscellaneous Income

Bank Interest	3,436		2,445
	═════════		═════════