Company Registration No. 07358378 (England and Wales)
Food Freshness Technology Holdings Limited
Annual report and
group financial statements
for the year ended 31 December 2023
Pages for filing with registrar
Food Freshness Technology Holdings Limited
Contents
Page
Group statement of financial position
1
Company statement of financial position
2
Group statement of changes in equity
3
Company statement of changes in equity
4
Notes to the financial statements
5 - 13
Food Freshness Technology Holdings Limited
Group statement of financial position
As at 31 December 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
-
-
Tangible assets
4
58,928
22,809
Current assets
Stocks
753,217
376,060
Debtors
7
566,933
441,081
Cash at bank and in hand
4,231,239
59,108
5,551,389
876,249
Creditors: amounts falling due within one year
8
(539,136)
(468,760)
Net current assets
5,012,253
407,489
Net assets
5,071,181
430,298
Capital and reserves
Called up share capital
2,228
1,576
Share premium account
36,884,369
30,267,735
Other reserves
78,425
29,836
Profit and loss reserves
(31,893,841)
(29,868,849)
Total equity
5,071,181
430,298

The directors of the group have elected not to include a copy of the income statement within the financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 7 August 2024 and are signed on its behalf by:
2024-08-07
07 August 2024
G Ellis
Director
Company Registration No. 07358378 (England and Wales)
Food Freshness Technology Holdings Limited
Company statement of financial position
As at 31 December 2023
31 December 2023
2
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
5
848,735
778,413
Current assets
Cash at bank and in hand
3,534,907
3,617
Creditors: amounts falling due within one year
8
(53,521)
(58,904)
Net current assets/(liabilities)
3,481,386
(55,287)
Net assets
4,330,121
723,126
Capital and reserves
Called up share capital
2,228
1,576
Share premium account
36,884,369
30,267,735
Other reserves
100,157
29,836
Profit and loss reserves
(32,656,633)
(29,576,021)
Total equity
4,330,121
723,126

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £3,080,612 (2022 - £7,999 loss).

These financial statements have been prepared 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 7 August 2024 and are signed on its behalf by:
07 August 2024
G Ellis
Director
Company Registration No. 07358378 (England and Wales)
Food Freshness Technology Holdings Limited
Group statement of changes in equity
For the year ended 31 December 2023
3
Share capital
Share premium account
Capital distribution reserve
Currency translation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
£
Balance at 1 January 2022
416
26,090,775
26,695
-
0
(30,244,951)
(4,127,065)
Year ended 31 December 2022:
Profit and total comprehensive income
-
-
-
-
376,102
376,102
Issue of share capital
969
-
0
-
-
-
969
Other movements
191
4,176,960
3,141
-
-
4,180,292
Balance at 31 December 2022
1,576
30,267,735
29,836
-
0
(29,868,849)
430,298
Year ended 31 December 2023:
Loss for the year
-
-
-
-
(2,024,992)
(2,024,992)
Other comprehensive income:
Currency translation differences
-
-
-
(21,732)
-
0
(21,732)
Total comprehensive income
-
-
-
(21,732)
(2,024,992)
(2,046,724)
Issue of share capital
652
-
0
-
-
-
652
Other movements
-
6,616,634
70,321
-
-
6,686,955
Balance at 31 December 2023
2,228
36,884,369
100,157
(21,732)
(31,893,841)
5,071,181
Food Freshness Technology Holdings Limited
Company statement of changes in equity
For the year ended 31 December 2023
4
Share capital
Share premium account
Capital distribution reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2022
416
26,090,775
26,695
(29,568,023)
(3,450,137)
Year ended 31 December 2022:
Loss and total comprehensive income for the year
-
-
-
(7,998)
(7,998)
Issue of share capital
969
-
0
-
-
969
Other movements
191
4,176,960
3,141
-
4,180,292
Balance at 31 December 2022
1,576
30,267,735
29,836
(29,576,021)
723,126
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
-
(3,080,612)
(3,080,612)
Issue of share capital
652
-
0
-
-
652
Other movements
-
6,616,634
70,321
-
6,686,955
Balance at 31 December 2023
2,228
36,884,369
100,157
(32,656,633)
4,330,121
Food Freshness Technology Holdings Limited
Notes to the group financial statements
For the year ended 31 December 2023
5
1
Accounting policies
Company information

Food Freshness Technology Holdings Limited (“the company”) is a private company, limited by shares, incorporated in England and Wales (registered number - 07358378). The registered office is 19d Cobbett Road, Burntwood Business Park, Burntwood, England, WS7 3GL.

 

The group consists of Food Freshness Technology Holdings Limited and all of its subsidiaries.

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 functional currency of the group is US Dollars which is different to the presentational currency which is Pound sterling.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries are accounted for at cost less impairment.

 

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company; Food Freshness Technology Holdings Limited, together with all entities controlled by the parent company (its subsidiaries).

 

All financial statements are made up to 31 December 2023. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
6
1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 

The group provides management services and funding for its subsidiary companies. During the year and subsequently, the group has continued to report losses and has a surplus on shareholders’ funds of £5,086,228 (2022 - £430,298) at 31 December 2023.

 

In assessing the future funding requirements of the company and the group, the directors have prepared forecasts and projections covering the period to 31 December 2030. The group has received new equity investment during February 2023. Taking this into account, together with considering all other reasonably foreseeable circumstances, the directors have concluded that the company will have access to sufficient funds to enable it to meet its liabilities as and when they fall due for the 12 months from the signing of these accounts.

1.5
Turnover

Turnover passed to the buyer (usually on dispatch of the goods), the amount of turnover 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.

1.6
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.

1.7
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:

Leasehold land and buildings
Straight line over 5 years
Plant and equipment
Straight line over 2 to 5 years
Fixtures and fittings
Straight line over 5 to 10 years
Computers
Straight line over 3 years

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 recognised in the income statement.

1.8
Fixed asset investments

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

Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
7
1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible 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.

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

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.

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.

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 and deposits held at call with banks. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group 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 group's statement of financial position when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and 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.

Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
8
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.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
Equity instruments

Equity instruments issued by the group 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 group.

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 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 group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
9
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.

1.15
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.

1.16
Retirement benefits

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

1.17
Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each Statement of Financial Position date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

 

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the group keeping the scheme open or the employee maintaining any contributions required by the scheme).

 

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.

 

Where equity instruments are granted to persons other than employees, Statement of Comprehensive Income is charged with fair value of goods and services received.

Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
1
Accounting policies (continued)
10
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 leased asset are consumed.

2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the group’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.

Bad and doubtful debts

The group has recognised provisions for bad and doubtful debts £nil (2022 - £nil). This is based on an assessment of ageing and due date of receivables and other risk indicators. The judgement of management is then applied to provide for debts which are no longer considered recoverable.

3
Employees

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

Group
Company
2023
2022
2023
2022
Number
Number
Number
Number
Total
13
10
-
0
-
0
Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
11
4
Tangible fixed assets
Group
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
187,714
369,125
556,839
Additions
-
0
62,976
62,976
Exchange adjustments
(9,579)
-
0
(9,579)
At 31 December 2023
178,135
432,101
610,236
Depreciation and impairment
At 1 January 2023
187,330
346,700
534,030
Depreciation charged in the year
372
26,473
26,845
Exchange adjustments
(9,567)
-
0
(9,567)
At 31 December 2023
178,135
373,173
551,308
Carrying amount
At 31 December 2023
-
0
58,928
58,928
At 31 December 2022
384
22,425
22,809
The company had no tangible fixed assets at 31 December 2023 or 31 December 2022.
5
Fixed asset investments
Group
Company
2023
2022
2023
2022
£
£
£
£
-
0
-
0
848,735
778,413
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
778,413
Additions
70,322
At 31 December 2023
848,735
Carrying amount
At 31 December 2023
848,735
At 31 December 2022
778,413
Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
12
6
Subsidiaries

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

Name of undertaking
Registered office
Nature of business
Class of shares held
% Held
Direct
Indirect
Food Freshness Technology Limited
1
Intermediate holding company
Ordinary
100.00
-
It's Fresh Limited
1
Manufacturing
Ordinary
-
100.00
It's Fresh Incorporated
2
Manufacturing
Ordinary
-
100.00
Natratec Limited
1
Dormant
Ordinary
-
90.00
Food Freshness Technology (Pty) Ltd
3
Manufacturing
Ordinary
-
100.00

The registered office for 1 above is: 19d Cobbett Road, Burntwood Business Park, Burntwood, England, WS7 3GL

 

The registered office for 2 above is: 12805 Hwy 55 Suite 204, Plymouth, MN , 55441, United States of America

The registered office for 3 above is: Somerset West, 7130 South Africa, 1st Floor Sunshine Tour House, South Africa

7
Debtors
Group
Company
2023
2022
2023
2022
Amounts falling due within one year:
£
£
£
£
Trade debtors
188,162
261,172
-
0
-
0
Corporation tax recoverable
229,069
116,315
-
0
-
0
Other debtors
149,702
63,594
-
-
566,933
441,081
-
-
8
Creditors: amounts falling due within one year
Group
Company
2023
2022
2023
2022
£
£
£
£
Bank loans
38,476
52,476
38,476
43,858
Trade creditors
48,374
76,414
-
0
-
0
Taxation and social security
259,113
208,617
-
0
-
0
Other creditors
193,173
131,253
15,045
15,046
539,136
468,760
53,521
58,904
Food Freshness Technology Holdings Limited
Notes to the group financial statements (continued)
For the year ended 31 December 2023
13
9
Loans and overdrafts
Group
Company
2023
2022
2023
2022
£
£
£
£
Bank loans
38,476
52,476
38,476
43,858
Payable within one year
38,476
52,476
38,476
43,858

Bank loans include a balance of £38,474 which relates to a HSBC Bounce Back Loan, which is repayable over 10 years at a 2.5% interest rate.

10
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:
Diane Petit-Laurent FCA
Statutory Auditors:
Saffery LLP
11
Operating lease commitments
Lessee

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

Group
Company
2023
2022
2023
2022
£
£
£
£
1,875
24,370
-
-
2023-12-312023-01-01falseCCH SoftwareCCH Accounts Production 2023.300No description of principal activityAdam AndersGraham EllisRowan BirdOlaf KochM L CourtK BrokelmannS Hollingsworthfalse073583782023-01-012023-12-3107358378bus:Consolidated2023-12-31073583782023-12-3107358378bus:Consolidated2022-12-3107358378core:LandBuildingsbus:Consolidated2023-12-3107358378core:OtherPropertyPlantEquipmentbus:Consolidated2023-12-3107358378core:LandBuildingsbus:Consolidated2022-12-3107358378core:OtherPropertyPlantEquipmentbus:Consolidated2022-12-3107358378core:ShareCapitalbus:Consolidated2023-12-3107358378core:ShareCapitalbus:Consolidated2022-12-3107358378core:SharePremiumbus:Consolidated2023-12-3107358378core:SharePremiumbus:Consolidated2022-12-3107358378core:OtherMiscellaneousReservebus:Consolidated2023-12-3107358378core:OtherMiscellaneousReservebus:Consolidated2022-12-3107358378core:ShareCapital2023-12-3107358378core:ShareCapital2022-12-3107358378core:SharePremium2023-12-3107358378core:SharePremium2022-12-3107358378core:OtherMiscellaneousReserve2023-12-3107358378core:OtherMiscellaneousReserve2022-12-3107358378core:RetainedEarningsAccumulatedLosses2023-12-3107358378core:ShareCapitalbus:Consolidated2021-12-3107358378core:SharePremiumbus:Consolidated2021-12-3107358378core:ForeignCurrencyTranslationReservebus:Consolidated2021-12-3107358378core:RetainedEarningsAccumulatedLossesbus:Consolidated2021-12-3107358378core:ForeignCurrencyTranslationReservebus:Consolidated2022-12-3107358378core:RetainedEarningsAccumulatedLossesbus:Consolidated2022-12-3107358378core:ForeignCurrencyTranslationReservebus:Consolidated2023-12-3107358378core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-12-3107358378core:ShareCapital2021-12-3107358378core:SharePremium2021-12-3107358378core:RetainedEarningsAccumulatedLosses2021-12-3107358378core:RetainedEarningsAccumulatedLosses2022-12-3107358378bus:Director22023-01-012023-12-31073583782022-12-3107358378core:ShareCapitalbus:Consolidated2022-01-012022-12-3107358378core:SharePremiumbus:Consolidated2022-01-012022-12-3107358378bus:Consolidated2022-01-012022-12-3107358378core:ShareCapitalbus:Consolidated2023-01-012023-12-3107358378core:SharePremiumbus:Consolidated2023-01-012023-12-3107358378bus:Consolidated2023-01-012023-12-3107358378core:ShareCapital2022-01-012022-12-3107358378core:SharePremium2022-01-012022-12-31073583782022-01-012022-12-3107358378core:ShareCapital2023-01-012023-12-3107358378core:SharePremium2023-01-012023-12-3107358378core:ForeignCurrencyTranslationReservebus:Consolidated2023-01-012023-12-3107358378core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-01-012023-12-3107358378core:LandBuildingscore:LongLeaseholdAssets2023-01-012023-12-3107358378core:PlantMachinery2023-01-012023-12-3107358378core:FurnitureFittings2023-01-012023-12-3107358378core:ComputerEquipment2023-01-012023-12-3107358378core:LandBuildingsbus:Consolidated2022-12-3107358378core:OtherPropertyPlantEquipmentbus:Consolidated2022-12-3107358378bus:Consolidated2022-12-3107358378core:LandBuildingsbus:Consolidated2023-01-012023-12-3107358378core:OtherPropertyPlantEquipmentbus:Consolidated2023-01-012023-12-3107358378core:WithinOneYearbus:Consolidated2023-12-3107358378core:WithinOneYearbus:Consolidated2022-12-3107358378core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3107358378core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3107358378core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-12-3107358378core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2022-12-3107358378core:CurrentFinancialInstruments2023-12-3107358378core:CurrentFinancialInstruments2022-12-3107358378core:CurrentFinancialInstrumentsbus:Consolidated2023-12-3107358378core:CurrentFinancialInstrumentsbus:Consolidated2022-12-3107358378bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107358378bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107358378bus:FRS1022023-01-012023-12-3107358378bus:Audited2023-01-012023-12-3107358378bus:ConsolidatedGroupCompanyAccounts2023-01-012023-12-3107358378bus:Director12023-01-012023-12-3107358378bus:Director32023-01-012023-12-3107358378bus:Director42023-01-012023-12-3107358378bus:Director52023-01-012023-12-3107358378bus:Director62023-01-012023-12-3107358378bus:CompanySecretary12023-01-012023-12-3107358378bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP