Company Registration No. 01492026 (England and Wales)
ARCTREND LIMITED
T/A ARCFLEX
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
ARCTREND LIMITED
T/A ARCFLEX
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 13
ARCTREND LIMITED
T/A ARCFLEX
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Intangible assets
3
51,826
61,019
Tangible assets
4
719,934
1,123,387
Investments
5
2
1,004
771,762
1,185,410
Current assets
Stocks
1,517,930
1,286,813
Debtors
7
1,480,623
1,551,588
Cash at bank and in hand
10,559
25,060
3,009,112
2,863,461
Creditors: amounts falling due within one year
8
(2,245,786)
(2,294,968)
Net current assets
763,326
568,493
Total assets less current liabilities
1,535,088
1,753,903
Creditors: amounts falling due after more than one year
9
(194,444)
(350,000)
Provisions for liabilities
10
(64,917)
(66,146)
Net assets
1,275,727
1,337,757
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
-
0
200,205
Profit and loss reserves
1,274,727
1,136,552
Total equity
1,275,727
1,337,757

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 8 March 2022
Mr I Scutt
Director
Company Registration No. 01492026
ARCTREND LIMITED
T/A ARCFLEX
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2020
1,000
200,407
1,327,085
1,528,492
Year ended 31 December 2020:
Profit for the year
-
-
14,009
14,009
Other comprehensive income:
Tax relating to other comprehensive income
-
(202)
-
0
(202)
Total comprehensive income for the year
-
0
(202)
14,009
13,807
Dividends
-
-
(204,542)
(204,542)
Balance at 31 December 2020
1,000
200,205
1,136,552
1,337,757
Year ended 31 December 2021:
Loss and total comprehensive income for the year
-
-
(52,396)
(52,396)
Dividends
-
-
(9,634)
(9,634)
Transfers
-
(200,205)
200,205
-
Balance at 31 December 2021
1,000
-
0
1,274,727
1,275,727
ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
1
Accounting policies
Company information

Arctrend Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Tower Road, Meaford Business Park, Stone, Staffordshire, ST15 0WQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirement:

 

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Arctrend Limited is a wholly owned subsidiary of Rattay Holding Limited and the results of Arctrend Limited are included in the consolidated financial statements of Rattay Holding Limited which are available from 3 Tower Road, Meaford Business Park, Stone, Staffordshire ST15 0WQ.

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 4 -
1.2
Going concern

Following the declaration of a worldwide COVID-19 pandemic by the World Health Organisation in March 2020, the impact of the virus has continued dominating the world social and economic climate presenting all businesses with a unique set of circumstances increasing the unpredictability of future trading conditions and threatening the global economy.

 

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment, the director has considered trading levels since the year end and has prepared budgets to March 2023. There is an expectation that whilst social restrictions are unlikely to be re-introduced some economic uncertainties will continue but trade is likely to recover, revenues will continue to grow and the company will return to profit. Further, the director has received a letter of support from the company's ultimate parent company, Rattay Group GmbH, that it intends to continue to support the company for the foreseeable future. However, there is no legally binding agreement that guarantees that support.

 

Thus, the director continues to adopt the going concern basis of accounting in preparing these financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 5 -

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development costs
5 years straight line
Development costs
10 years straight line
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold buildings
2% reducing balance
Leasehold improvements
10% straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.8
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 6 -
1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 7 -
1.13
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.14
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.15
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 8 -
1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.19
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.20
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Total
37
45
ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 9 -
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 January 2021
7,000
102,705
109,705
Disposals
(7,000)
-
0
(7,000)
At 31 December 2021
-
0
102,705
102,705
Amortisation and impairment
At 1 January 2021
7,000
41,686
48,686
Amortisation charged for the year
-
0
9,193
9,193
Disposals
(7,000)
-
0
(7,000)
At 31 December 2021
-
0
50,879
50,879
Carrying amount
At 31 December 2021
-
0
51,826
51,826
At 31 December 2020
-
0
61,019
61,019
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 January 2021
841,060
1,367,776
2,208,836
Additions
28,661
13,875
42,536
Disposals
(352,500)
-
0
(352,500)
At 31 December 2021
517,221
1,381,651
1,898,872
Depreciation and impairment
At 1 January 2021
73,903
1,011,546
1,085,449
Depreciation charged in the year
44,886
53,770
98,656
Eliminated in respect of disposals
(5,167)
-
0
(5,167)
At 31 December 2021
113,622
1,065,316
1,178,938
Carrying amount
At 31 December 2021
403,599
316,335
719,934
At 31 December 2020
767,157
356,230
1,123,387
ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
4
Tangible fixed assets
(Continued)
- 10 -

Land and buildings with a carrying amount of £350,000 (2020: £350,000) were revalued in January 2020 by the directors based on market information received. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

 

Included in cost of land and buildings is freehold land of £100,000 which is not depreciated.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been approximately £161,493 (2020 - £161,493), being cost £161,493 (2020 - £161,493) and depreciation £nil (2020 - £nil).

 

The company disposed of its freehold land and building in the year.

2021
2020
£
£
Cost
-
161,493
5
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
2
1,004
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2021 & 31 December 2021
1,004
Impairment
At 1 January 2021
-
Disposals
1,002
At 31 December 2021
1,002
Carrying amount
At 31 December 2021
2
At 31 December 2020
1,004
6
Subsidiaries

Details of the company's subsidiaries at 31 December 2021 are as follows:

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
6
Subsidiaries
(Continued)
- 11 -
Name of undertaking
Address
Class of
% Held
shares held
Direct
Arcflex Limited
i).
Ordinary
100.00

Registered office address:

i).
3 Tower Road, Meaford Business Park, Stone, Staffordshire, ST15 0WQ

Dormant subsidiaries, Flexitubes Limited and Tofle Co Limited were dissolved on 30 November 2021.

7
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
715,638
666,459
Corporation tax recoverable
90,653
149,007
Amounts owed by group undertakings
559,180
629,739
Other debtors
8,269
11,054
Prepayments and accrued income
106,883
95,329
1,480,623
1,551,588
8
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
171,626
359,552
Other borrowings
713,075
501,954
Trade creditors
545,734
417,993
Amounts owed to group undertakings
409,122
398,099
Taxation and social security
214,024
342,437
Deferred income
-
0
65,000
Other creditors
8,419
8,143
Accruals and deferred income
183,786
201,790
2,245,786
2,294,968

Other borrowings comprise amounts due in respect of an invoice discounting facility. The amount has been secured against the book debts of the company.

 

Bank overdrafts and loans are secured by way of a fixed and floating charge over all assets of the company.

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 12 -
9
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
194,444
350,000

Bank loans and borrowings are secured by way of fixed and floating charge over all assets of the company.

10
Provisions for liabilities
2021
2020
£
£
Dilapidations
20,000
20,000
Deferred tax liabilities
44,917
46,146
64,917
66,146
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Paul Maberly FCA and the auditor was Mercer & Hole.
12
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2021
2020
£
£
1,433,373
1,623,525
13
Related party transactions

The company has taken advantage of the exemption under FRS 102 section 33.1A, as a wholly owned subsidiary of Rattay Holding Limited and has not disclosed details of any transactions with any group companies.

ARCTREND LIMITED
T/A ARCFLEX
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 13 -
14
Parent company

The company is a 100% owned subsidiary of Rattay Holding Limited, a company incorporated in England and Wales whose registered office is 3 Meaford Business Park, Meaford, Stone, Staffordshire ST15 0WQ..

 

The company's ultimate controlling entity is Rattay Group GmbH, a company incorporated in Germany. The registered office of Rattay Group GmbH is In der Beckuhl 20, 46569 Hünxe, Germany.

 

The smallest group within which the company's financial statements are consolidated are those of Rattay Holding Limited. The largest group within which the company's financial statements are consolidated are those of Rattay Group GmbH.

2021-12-312021-01-01false08 March 2022CCH SoftwareCCH Accounts Production 2022.100No description of principal activityThis audit opinion is unqualifiedMr I ScuttMrs M Lawrence014920262021-01-012021-12-31014920262021-12-31014920262020-12-3101492026core:NetGoodwill2021-12-3101492026core:IntangibleAssetsOtherThanGoodwill2021-12-3101492026core:NetGoodwill2020-12-3101492026core:IntangibleAssetsOtherThanGoodwill2020-12-3101492026core:LandBuildings2021-12-3101492026core:OtherPropertyPlantEquipment2021-12-3101492026core:LandBuildings2020-12-3101492026core:OtherPropertyPlantEquipment2020-12-3101492026core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3101492026core:CurrentFinancialInstrumentscore:WithinOneYear2020-12-3101492026core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-3101492026core:Non-currentFinancialInstrumentscore:AfterOneYear2020-12-3101492026core:CurrentFinancialInstruments2021-12-3101492026core:CurrentFinancialInstruments2020-12-3101492026core:ShareCapital2021-12-3101492026core:ShareCapital2020-12-3101492026core:RevaluationReserve2021-12-3101492026core:RevaluationReserve2020-12-3101492026core:RetainedEarningsAccumulatedLosses2021-12-3101492026core:RetainedEarningsAccumulatedLosses2020-12-3101492026core:ShareCapital2019-12-3101492026core:RevaluationReserve2019-12-3101492026core:RetainedEarningsAccumulatedLosses2019-12-31014920262019-12-3101492026bus:Director42021-01-012021-12-3101492026core:RetainedEarningsAccumulatedLosses2020-01-012020-12-31014920262020-01-012020-12-3101492026core:RetainedEarningsAccumulatedLosses2021-01-012021-12-3101492026core:RevaluationReserve2020-01-012020-12-3101492026core:RevenueReservesInvestmentFundsOnly2020-01-012020-12-3101492026core:ShareCapital2020-01-012020-12-3101492026core:RevaluationReserve2021-01-012021-12-3101492026core:Goodwill2021-01-012021-12-3101492026core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3101492026core:ComputerSoftware2021-01-012021-12-3101492026core:DevelopmentCostsCapitalisedDevelopmentExpenditure2021-01-012021-12-3101492026core:LandBuildingscore:OwnedOrFreeholdAssets2021-01-012021-12-3101492026core:LeaseholdImprovements2021-01-012021-12-3101492026core:PlantMachinery2021-01-012021-12-3101492026core:FurnitureFittings2021-01-012021-12-3101492026core:NetGoodwill2020-12-3101492026core:IntangibleAssetsOtherThanGoodwill2020-12-31014920262020-12-3101492026core:NetGoodwill2021-01-012021-12-3101492026core:LandBuildings2020-12-3101492026core:OtherPropertyPlantEquipment2020-12-3101492026core:LandBuildings2021-01-012021-12-3101492026core:OtherPropertyPlantEquipment2021-01-012021-12-3101492026core:Subsidiary12021-01-012021-12-3101492026core:Subsidiary112021-01-012021-12-3101492026core:Non-currentFinancialInstruments2021-12-3101492026core:Non-currentFinancialInstruments2020-12-3101492026bus:PrivateLimitedCompanyLtd2021-01-012021-12-3101492026bus:SmallCompaniesRegimeForAccounts2021-01-012021-12-3101492026bus:FRS1022021-01-012021-12-3101492026bus:Audited2021-01-012021-12-3101492026bus:Director12021-01-012021-12-3101492026bus:CompanySecretary12021-01-012021-12-3101492026bus:FullAccounts2021-01-012021-12-31xbrli:purexbrli:sharesiso4217:GBP