REGISTERED NUMBER: 01122437 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HAMTON ENVIRONMENTAL SERVICES LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

18

DIRECTORS:

C S T Beenham

Ms M D Carter

Ms A Carter

REGISTERED OFFICE:

177-185 Hornchurch Road

Hornchurch

RM12 4TE

REGISTERED NUMBER:

01122437 (England and Wales)

AUDITORS:

Numera Partners LLP

Statutory Auditors

4th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

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

REVIEW OF BUSINESS

The results for the year and the financial position at the year end were considered satisfactory by the directors who expect continued growth in the foreseeable future.

The Groups directors use a number of financial key performance indicators (KPl's) to assess the performance of the business, in particular the following:

2024

2023

Turnover:

£37.1m

£36.2m

Operating profit margin:

2.2%

0.87%

The Group remains wholly in private ownership and maintains its pursuit of a policy of longer term investment and financial stability over short-term profit.

In addition to the financial KPI's, the directors measure a range of non-financial KPI's such as:

Customer satisfaction, employee satisfaction, health & safety compliance and environmental breaches.

The Group performed well against these KPI's in 2024.

PRINCIPAL RISKS AND UNCERTAINTIES

The management team follow a continuous review of the performance of the Group through monthly senior management meetings. Action plans are developed and reviewed on an ongoing basis. The key risks are principally the competitiveness of the UK market. Sales opportunities are continually evaluated to the current market and economic climate.

SECTION 172(1) STATEMENT

Section 172 of the Companies Act 2006 requires the director of a Company and the Group to act in the way he or she considers, in good faith, would be most likely to promote the success of the Company and the Group for the benefit of its members as a whole.

In doing this, section 172 requires a director to have regards, amongst other matters, to the:

- likely consequences of any decisions in the long term

- interests of the Company's and Groups employees

- need to foster the Company's and Groups business relationships with suppliers, customers and others

- impact of the Company's and Groups operations on the community and environment

- desirability of the Company and the Group maintaining a reputation for high standards of business conduct; and

- need to act fairly as between members of the Company and the Group.

The directors confirm that in discharging their duties under section 172, they have had regard to the factors set out above. The Group delegates authority for day to day management to key personnel who are responsible for setting, approving and overseeing the execution of the business strategy and related policies.

The Group delegates to key management to review the Groups financial and operational performance, risk and compliance, and health and safety matters.

Customer service is a key area of focus for the Group and the Group is committed to maintaining and improving its online customer satisfaction survey rating. Customer satisfaction is maintained through training and development of the Groups employees, offering a comprehensive range of stock, and a hassle·free purchase experience.

Managing good relationships with suppliers is key to facilitating the offering of a wide range of high quality stock.

The Group engages with its suppliers to ensure that they are consulted and informed.

The Group also has regard to the local community in all of its activities and acknowledges its role as a major employer in the local area.

KEY PERFORMANCE INDICATORS

The management team analyse various key performance indicators as part of their overall strategic review but have identified the following as being particularly important:

Sales performance versus main competitors, sales versus budget and prior year and quality statistics.

OTHER PERFORMANCE INDICATORS

Next year will continue to see strategic and tactical focus on operating margin and associated costs under the scrutiny of the directorship.

Hamton Environmental Services Ltd is a leading London and Essex private cleaning and services company.

A focus on core services and cost control is firmly in place. The company's reputation for outstanding customer service, a passion for the industry, innovation and commitment to the environment is what helps it stand out from others in its field.

ON BEHALF OF THE BOARD:

Ms A Carter - Director

10 October 2025

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 company and group continued to be that of specialist industrial cleaning, waste management and recycling, M & E, total facilities management, mat cleaning and ancillary services.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

FUTURE DEVELOPMENTS

Next year will continue to see strategic and tactical focus on operating margin and associated costs under the scrutiny of the directorship.

A focus on core services and cost control is firmly in place. The Groups reputation for outstanding customer service, a passion for the industry, innovation and commitment to the environment is what helps it stand out from others in its field.

DIRECTORS

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

C S T Beenham

Ms M D Carter

Ms A Carter

Other changes in directors holding office are as follows:

Ms J E Beenham - resigned 20 April 2024

J E Beenham - resigned 20 April 2024

T A Vincent - resigned 31 December 2024

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS

As permitted by the Companies Act 2006, the company has indemnified the directors in respect of proceedings brought by third parties.

DISABLED PERSONS

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

EMPLOYEE INVOLVEMENT

The company's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.

STREAMLINED ENERGY AND CARBON REPORTING

2024

2023

Energy consumption

kWh

kWh

Aggregate of energy consumption in the year

413,880

429,162

2024

2023

Emissions of CO2 equivalent

Tonnes

Tonnes

Scope 1 (Indirect emissions) - Energy consumption

198.16

194.32

Intensity ratio - Tonnes CO2e per kWh per m2

0.32

0.31

Scope 2 (Direct emissions) - Fuel consumed for own transport

3,368

2,618

Intensity ratio - Tonnes CO2e per kWh per mile

0.013

0.011

Quantification and reporting methodology

We have followed the 2019 HM Government Environmental Reporting Guidelines. We have also used the GHG Reporting Protocol - Corporate Standard and have used the 2020 UK Government's Conversion Factors for Company Reporting.

Intensity measurement

The chosen intensity measurement ratio is total gross emissions in metric tonnes CO2e as analysed above, the recommended ratio for the sector.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Annual 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). 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 judgments and accounting estimates that are reasonable and prudent

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

AUDITORS

The auditors, Numera Partners LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Ms A Carter - Director

10 October 2025

Opinion

We have audited the financial statements of Hamton Environmental Services 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities, 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.

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.

We consider that our procedures are highly capable of detecting irregularities, including fraud. The engagement team collectively have the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations.

During the planning of the audit, discussions were held with key entity staff to ensure;

- an understanding of the legal and regulatory framework;

- the entity's policies and procedures on compliance with laws and regulations;

- the entity's policies and procedures on fraud risk including knowledge of any actual, suspected or alleged fraud

Audit procedures to detect material misstatements in respect of irregularities are outlined below:

- enquiry of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims;

- 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;

- reading minutes of meetings of those charged with governance;

- concluding 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 auditors 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 the date of our auditors' report. However, future events or conditions may cause the company to cease to continue as a going concern.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the Financial Statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

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.

Giles Cohen (Senior Statutory Auditor)

for and on behalf of Numera Partners LLP

Statutory Auditors

4th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

10 October 2025

Note:

Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

TURNOVER

37,081,725

36,183,787

Cost of sales

30,259,614

29,800,356

GROSS PROFIT

6,822,111

6,383,431

Distribution costs

(85,249

)

(47,357

)

Administrative expenses

6,090,014

6,114,272

6,004,765

6,066,915

OPERATING PROFIT

4

817,346

316,516

Income from other participating interests

-

(50

)

817,346

316,466

Interest payable and similar expenses

6

83,886

63,857

PROFIT BEFORE TAXATION

733,460

252,609

Tax on profit

7

277,910

128,840

PROFIT FOR THE FINANCIAL YEAR

455,550

123,769

Profit attributable to:

Owners of the parent

455,550

123,769

PROFIT FOR THE YEAR

455,550

123,769

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

455,550

123,769

Note

Prior year adjustment

9

(406,595

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

48,955

Total comprehensive income attributable to:

Owners of the parent

48,955

123,769

FIXED ASSETS

Intangible assets

10

3,252,761

3,659,356

Tangible assets

11

2,136,162

1,893,843

Investments

12

-

1,580

5,388,923

5,554,779

CURRENT ASSETS

Stocks

13

218,238

261,597

Debtors

14

25,177,271

24,710,564

Cash at bank

15

3,317,446

1,446,633

28,712,955

26,418,794

CREDITORS

Amounts falling due within one year

16

8,900,773

7,269,938

NET CURRENT ASSETS

19,812,182

19,148,856

TOTAL ASSETS LESS CURRENT LIABILITIES

25,201,105

24,703,635

CREDITORS

Amounts falling due after more than one year

17

(471,567

)

(429,647

)

PROVISIONS FOR LIABILITIES

20

(133,343

)

(133,343

)

NET ASSETS

24,596,195

24,140,645

CAPITAL AND RESERVES

Called up share capital

21

1,751

1,751

Share premium

22

175,000

175,000

Capital redemption reserve

22

168

168

Own shares

22

1,348

1,348

Retained earnings

22

24,417,928

23,962,378

SHAREHOLDERS' FUNDS

24,596,195

24,140,645

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Ms A Carter - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

1,598,394

1,398,203

Investments

12

3,854,527

3,856,107

5,452,921

5,254,310

CURRENT ASSETS

Stocks

13

149,650

196,158

Debtors

14

24,090,100

23,234,825

Cash at bank

15

3,155,150

1,213,883

27,394,900

24,644,866

CREDITORS

Amounts falling due within one year

16

7,201,322

5,516,710

NET CURRENT ASSETS

20,193,578

19,128,156

TOTAL ASSETS LESS CURRENT LIABILITIES

25,646,499

24,382,466

CREDITORS

Amounts falling due after more than one year

17

(353,686

)

(185,618

)

PROVISIONS FOR LIABILITIES

20

(50,000

)

(50,000

)

NET ASSETS

25,242,813

24,146,848

CAPITAL AND RESERVES

Called up share capital

21

1,751

1,751

Own shares

22

1,348

1,348

Retained earnings

22

25,239,714

24,143,749

SHAREHOLDERS' FUNDS

25,242,813

24,146,848

Company's profit for the financial year

1,095,965

1,421,573

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Ms A Carter - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 January 2023

1,751

22,909,292

175,000

Changes in equity

Total comprehensive income

-

1,459,681

-

Balance at 31 December 2023

1,751

24,368,973

175,000

Prior year adjustment

-

(406,595

)

-

As restated

1,751

23,962,378

175,000

Changes in equity

Total comprehensive income

-

455,550

-

Balance at 31 December 2024

1,751

24,417,928

175,000

Capital

redemption

Own

Total

reserve

shares

equity

£

£

£

Balance at 1 January 2023

168

1,348

23,087,559

Changes in equity

Total comprehensive income

-

-

1,459,681

Balance at 31 December 2023

168

1,348

24,547,240

Prior year adjustment

-

-

(406,595

)

As restated

168

1,348

24,140,645

Changes in equity

Total comprehensive income

-

-

455,550

Balance at 31 December 2024

168

1,348

24,596,195

Called up

share

Retained

Own

Total

capital

earnings

shares

equity

£

£

£

£

Balance at 1 January 2023

1,751

22,722,176

1,348

22,725,275

Changes in equity

Total comprehensive income

-

1,421,573

-

1,421,573

Balance at 31 December 2023

1,751

24,143,749

1,348

24,146,848

Changes in equity

Total comprehensive income

-

1,095,965

-

1,095,965

Balance at 31 December 2024

1,751

25,239,714

1,348

25,242,813

Cash flows from operating activities

Cash generated from operations

1

2,146,628

2,618,188

Interest paid

(25,159

)

(27,629

)

Interest element of hire purchase payments paid

(58,727

)

(36,228

)

Tax paid

(148,988

)

(604,651

)

Net cash from operating activities

1,913,754

1,949,680

Cash flows from investing activities

Purchase of intangible fixed assets

-

(1,604,821

)

Purchase of tangible fixed assets

(1,072,713

)

(2,499,100

)

Sale of tangible fixed assets

441,791

218,622

Proceeds from disposal of subsidiaries

-

700

Repayment of loans

(10,000

)

(256,104

)

Proceeds from disposals of associates

-

50

Net cash from investing activities

(640,922

)

(4,140,653

)

Cash flows from financing activities

Repayment of bank loans

-

25,754

Loan repayments in year

-

(3,455

)

Repayment of finance lease obligations

135,119

222,484

Proceeds from issue of shares

-

(120

)

Net cash from financing activities

135,119

244,663

Increase/(decrease) in cash and cash equivalents

1,407,951

(1,946,310

)

Cash and cash equivalents at beginning of year

2

1,367,000

3,313,310

Cash and cash equivalents at end of year

2

2,774,951

1,367,000

1.	RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

as restated

£

£

Profit for the financial year

455,550

123,769

Depreciation charges

406,595

406,595

Profit on disposal of fixed assets

(83,669

)

(47,357

)

Dep'n and impairment of tang fixed asset

473,853

214,871

Finance costs

83,886

63,857

Finance income

-

50

Taxation

277,910

128,840

1,614,125

890,625

Decrease/(increase) in stocks

43,359

(41,442

)

Increase in trade and other debtors

(439,041

)

(2,192,364

)

Increase in trade and other creditors

928,185

3,961,369

Cash generated from operations

2,146,628

2,618,188

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

3,317,446

1,446,633

Bank overdrafts

(542,495

)

(79,633

)

2,774,951

1,367,000

Year ended 31 December 2023

31.12.23

1.1.23

as restated

£

£

Cash and cash equivalents

1,446,633

3,313,310

Bank overdrafts

(79,633

)

-

1,367,000

3,313,310