Company Registration No. 03144857 (England and Wales)
Wellell UK Limited
Financial statements
for the year ended 31 December 2023
Pages for filing with the registrar
Wellell UK Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
3 - 13
Wellell UK Limited
Statement of financial position
As at 31 December 2023
31 December 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
284,610
Tangible assets
5
137,688
193,896
Investments
6
1
1
137,689
478,507
Current assets
Stocks
8
584,263
700,796
Debtors
9
400,772
246,698
Cash at bank and in hand
745,750
1,079,311
1,730,785
2,026,805
Creditors: amounts falling due within one year
10
(1,197,695)
(1,224,812)
Net current assets
533,090
801,993
Total assets less current liabilities
670,779
1,280,500
Creditors: amounts falling due after more than one year
11
(1,858)
(1,858)
Net assets
668,921
1,278,642
Capital and reserves
Called up share capital
12
524,714
524,714
Share premium account
13
175,286
175,286
Profit and loss reserves
13
(31,079)
578,642
Total equity
668,921
1,278,642

The directors of the company have elected not to include a copy of the income statement 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 by the board of directors and authorised for issue on 27 February 2024 and are signed on its behalf by:
Ying-Chieh Hsu
Director
Company Registration No. 03144857
Wellell UK Limited
Statement of changes in equity
For the year ended 31 December 2023
2
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2022
524,714
175,286
660,434
1,360,434
Year ended 31 December 2022:
Loss and total comprehensive income for the year
-
-
(81,792)
(81,792)
Balance at 31 December 2022
524,714
175,286
578,642
1,278,642
Year ended 31 December 2023:
Loss and total comprehensive income for the year
-
-
(609,721)
(609,721)
Balance at 31 December 2023
524,714
175,286
(31,079)
668,921
Wellell UK Limited
Notes to the financial statements
For the year ended 31 December 2023
3
1
Accounting policies
Company information

Wellell UK Limited is a private company limited by shares, which is registered, domiciled and incorporated in England and Wales. The address of the company’s registered office and principal place of business is Unit 33, Great Western Business Park, Mckenzie Way, Worcester, WR4 9GN and operations are detailed in the Directors’ Report.

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 certain financial instruments 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 requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Wellell Inc, (Formally known as APEX Medical Corp). These consolidated financial statements are available from No.9, Min Sheng St., Tu-Cheng, New Taipei City, 23679, Taiwan.

1.2
Going concern

The directors have prepared detailed financial projections which indicate that the company can continue to operate as a going concern for a period of at least 12 months. Management have considered financial sensitivities as well as the wider macro economic factors in forming these projections. The company has received a letter of support from its parent entity, Apex Corporation, which confirm that financial assistance will be provided, if required for a period of at least 12 months from the date of signing. The directors are satisfied that the company is in a position to meet its liabilities as they fall due over the next 12 months from the date of signing of these financial statements and on this basis, the financial statements have been prepared on a going concern basis.true

Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
4
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.

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
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business 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. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.5
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.

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:

Trademarks
10 years
Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
5
1.6
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:

Leasehold improvements
Over the term of the lease
Plant and equipment
10-67% on cost
Fixtures and fittings
33% on cost
Furniture, fittings and equipment
25% on cost
Motor vehicles
25% on cost

 

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.

1.7
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.

1.8
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.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
6
1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

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.

1.10
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.

1.11
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position 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, 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.

Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
7
1.12
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.

1.13
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 income statement 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. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. 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.

1.14
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.

1.15
Retirement benefits

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

Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
8
1.16
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

1.17
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.

Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
9
2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Stock Provision

The Company sells medical equipment, predominantly hospital beds, designed for specific patient needs. These are subject to changing consumer demands and medical requirements. As a result, it is necessary to consider the recoverability of the cost of stock and the associated provisioning required.The stock provision methodology is considered to reflect the value in the stock held by the entity and is as follows: Stock greater than 2 years old is provided against 100%, stock between 1 and 2 years is provided against 50% and stock between 6 months and 1 year is provided at 15%. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around the anticipated saleability of finished goods. See note 9 for the net carrying amount of the stock and associated provision.

Impairment of goodwill and trademarks

At the year end, the Company held goodwill and trademarks of £Nil net book value (2022: £284,610) in respect of intangible assets of a line of medical beds that had been developed. Impairment assessments on this balance requires the Board to make judgements about the future performance of the product line. The Board performs a formal assessment at each reporting date to determine if any impairment is required. That assessment applies judgements about the recoverable amounts, including in respect of the future demand for the product. The Board determined that full impairment of the goodwill and trademarks was required based on performance and forecasts.

3
Employees

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

2023
2022
Number
Number
Total
14
16
Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
10
4
Intangible fixed assets
Goodwill
Trademarks
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
140,615
275,760
416,375
Amortisation and impairment
At 1 January 2023
44,499
87,266
131,765
Impairment losses
96,116
188,494
284,610
At 31 December 2023
140,615
275,760
416,375
Carrying amount
At 31 December 2023
-
0
-
0
-
0
At 31 December 2022
96,116
188,494
284,610

The trade and assets of a former subsidiary entity, Nexus DMS Limited, were hived up into Wellell UK Limited on 30 November 2020. This transaction resulted in both goodwill and trademarks being recognised as assets in the financial statements which have been amortised over a useful life of ten years.

5
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Furniture, fittings and equipment
Total
£
£
£
£
£
Cost
At 1 January 2023
249,219
68,072
369,265
81,479
768,035
Disposals
-
0
(43,954)
-
0
-
0
(43,954)
At 31 December 2023
249,219
24,118
369,265
81,479
724,081
Depreciation and impairment
At 1 January 2023
98,712
49,869
365,104
60,454
574,139
Depreciation charged in the year
26,141
367
3,007
8,857
38,372
Eliminated in respect of disposals
-
0
(26,118)
-
0
-
0
(26,118)
At 31 December 2023
124,853
24,118
368,111
69,311
586,393
Carrying amount
At 31 December 2023
124,366
-
0
1,154
12,168
137,688
At 31 December 2022
150,507
18,203
4,161
21,025
193,896
Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
5
Tangible fixed assets (continued)
11

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

2023
2022
£
£
Furniture, fittings and equipment
-
0
1,594
-
1,594
6
Fixed asset investments
2023
2022
£
£
Shares in group undertakings
1
1
7
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Nature of business
Class of shares held
% Held
Direct
Westmeria Health Care Limited
1*
Dormant company
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

1*
Unit 33, Great Western Business Park, McKenzie Way, Worcester, England,WR4 9GN.
8
Stocks
2023
2022
£
£
Finished goods and goods for resale
584,263
700,796
9
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
327,049
179,512
Other debtors
73,723
67,186
400,772
246,698
Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
12
10
Creditors: amounts falling due within one year
2023
2022
£
£
Obligations under finance leases
-
0
5,443
Trade creditors
46,265
25,541
Amounts owed to group undertakings
1,042,796
1,073,635
Taxation and social security
49,979
77,568
Other creditors
5,011
8,714
Accruals and deferred income
53,644
33,911
1,197,695
1,224,812
11
Creditors: amounts falling due after more than one year
2023
2022
£
£
Obligations under finance leases
1,858
1,858

The company obligation under finance leases are secured by the lessor's charge over the leased assets.

12
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
524,714
524,714
524,714
524,714
13
Reserves
Share premium

Consideration received from shares above their nominal value net of transaction costs.

14
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.

Senior Statutory Auditor:
Roger Weston
Statutory Auditors:
Saffery LLP
Wellell UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
13
15
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:

2023
2022
£
£
433,627
513,074
16
Financial commitments, guarantees and contingent liabilities

On 25 June 2009, Wellell UK Limited provided a guarantee and debenture to Coutts & Co. The guarantee and debenture are secured by fixed and floating charges over the assets of the company.

17
Parent company

The company's immediate parent is APEX Medical Respiratory Limited, a company incorporated in England. The company's ultimate parent is Wellell Inc, a company incorporated in Taiwan.

The smallest and largest group for which consolidated accounts, including Wellell UK Limited, are prepared are those of Wellell Inc. The financial statements of both entities are available from Unit 33, Great Western Business Park, Mckenzie Way, Worcester, WR4 9GN.

2023-12-312023-01-01false27 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedDaniel LeeYing-Chieh HSUYing-Chieh HsuYing-Chieh Hsufalse2024-02-27031448572023-01-012023-12-31031448572023-12-31031448572022-12-3103144857core:NetGoodwill2023-12-3103144857core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-12-3103144857core:NetGoodwill2022-12-3103144857core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-12-3103144857core:LeaseholdImprovements2023-12-3103144857core:PlantMachinery2023-12-3103144857core:FurnitureFittings2023-12-3103144857core:MotorVehicles2023-12-3103144857core:LeaseholdImprovements2022-12-3103144857core:PlantMachinery2022-12-3103144857core:FurnitureFittings2022-12-3103144857core:MotorVehicles2022-12-3103144857core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3103144857core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3103144857core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3103144857core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3103144857core:CurrentFinancialInstruments2023-12-3103144857core:CurrentFinancialInstruments2022-12-3103144857core:ShareCapital2023-12-3103144857core:ShareCapital2022-12-3103144857core:SharePremium2023-12-3103144857core:SharePremium2022-12-3103144857core:RetainedEarningsAccumulatedLosses2023-12-3103144857core:RetainedEarningsAccumulatedLosses2022-12-3103144857core:ShareCapital2021-12-3103144857core:SharePremium2021-12-3103144857core:RetainedEarningsAccumulatedLosses2021-12-3103144857bus:Director42023-01-012023-12-3103144857core:RetainedEarningsAccumulatedLosses2022-01-012022-12-31031448572022-01-012022-12-3103144857core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3103144857core:Goodwill2023-01-012023-12-3103144857core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103144857core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103144857core:LeaseholdImprovements2023-01-012023-12-3103144857core:PlantMachinery2023-01-012023-12-3103144857core:FurnitureFittings2023-01-012023-12-3103144857core:NetGoodwill2022-12-3103144857core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-12-31031448572022-12-3103144857core:NetGoodwill2023-01-012023-12-3103144857core:LeaseholdImprovements2022-12-3103144857core:PlantMachinery2022-12-3103144857core:FurnitureFittings2022-12-3103144857core:MotorVehicles2022-12-3103144857core:MotorVehicles2023-01-012023-12-3103144857core:WithinOneYear2023-12-3103144857core:WithinOneYear2022-12-3103144857core:Non-currentFinancialInstruments2023-12-3103144857core:Non-currentFinancialInstruments2022-12-3103144857bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103144857bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103144857bus:FRS1022023-01-012023-12-3103144857bus:Audited2023-01-012023-12-3103144857bus:Director12023-01-012023-12-3103144857bus:Director22023-01-012023-12-3103144857bus:Director32023-01-012023-12-3103144857bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP