Company registration number 07965004 (England and Wales)
STULZ MODULAR LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
STULZ MODULAR LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 13
STULZ MODULAR LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,262
18,017
Current assets
Stocks
67,018
21,838
Debtors
5
380,420
475,103
Cash at bank and in hand
192,228
191,962
639,666
688,903
Creditors: amounts falling due within one year
6
(326,793)
(759,254)
Net current assets/(liabilities)
312,873
(70,351)
Net assets/(liabilities)
322,135
(52,334)
Capital and reserves
Called up share capital
7
675
675
Share premium account
1,883,359
1,883,359
Capital contribution
4,866,641
4,016,641
Profit and loss reserves
(6,428,540)
(5,953,009)
Total equity
322,135
(52,334)
The directors of the company have 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 by the board of directors and authorised for issue on 1 May 2024 and are signed on its behalf by:
Mr D Goonawardhane
Director
Company Registration No. 07965004
STULZ MODULAR LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Share premium account
Capital contribution
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 January 2022
675
1,883,359
3,216,641
(5,152,094)
(51,419)
Year ended 31 December 2022:
Loss and total comprehensive expense for the year
-
-
-
(800,915)
(800,915)
Capital contribution introduced
-
-
800,000
800,000
Balance at 31 December 2022
675
1,883,359
4,016,641
(5,953,009)
(52,334)
Year ended 31 December 2023:
Loss and total comprehensive expense for the year
-
-
-
(475,531)
(475,531)
Capital contribution introduced
-
-
850,000
850,000
Balance at 31 December 2023
675
1,883,359
4,866,641
(6,428,540)
322,135
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
Stulz Modular Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 30, Chancerygate Business Park, Langford Lane, Kidlington, Oxfordshire, OX5 1FQ.
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. The principal accounting policies adopted are set out below.
Stulz Modular Limited is a wholly owned subsidiary of Stulz GmbH and the results of Stulz Modular Limited are included in the consolidated financial statements of Stulz GmbH which are available from Holsteiner Chaussee 283, 22457 Hamburg, Germany, the registered office of the company. The company has taken advantage of the exemption in FRS 102 section 33.1A and has not disclosed transactions and outstanding balances with entities which form part of the group.
1.2
Going concern
At the year end date the company's balance sheet had truenet assets of £322,135 (2022 : had net liabilities of £52,334). The company owed its parent company £639 (2022 : £35,873) at the same date.
While the company has sustained substantial losses in the year ended 31 December 2023, the company's
directors have a reasonable expectation at the time of approving the financial statements that the company
has adequate resources to continue in operational existence for the foreseeable future. The company also continues to receive financial support from its parent company. The directors would like to note the continued improved positive performance of the business and the trend of growing revenue and reducing losses. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company has successfully developed the STULZ global standard micro data centre and is continuing with the development activity. The micro data centre solution has already been launched within the STULZ partner network and will shortly be ready to launch to the global market. The modular data centre business has been developed through partnerships and alliances. The company is expecting sales of both micro and modular data centres in the foreseeable future and is therefore considered a going concern.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the supply and installation of electrical interfaces and data centres and the provision of maintenance services thereon, stated net of trade discounts and value added tax.
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.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Revenue from contracts for the provision of supply of data centres is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Where income earned under maintenance contracts is received in advance it is deferred over the maintenance contract period.
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
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 basis at 33.3% per annum.
Plant and machinery
Straight line basis at 10%-20% per annum.
Fixtures, fittings & equipment
Straight line basis at 25% per annum.
Computers
Straight line basis at 25% per annum.
Motor vehicles
Straight line basis at 20% per annum.
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.
1.6
Impairment of fixed assets
At each reporting period end date, the company 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.
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.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
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.
1.7
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.
1.8
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.
1.9
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 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.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
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.
1.10
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.
1.11
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.
1.12
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.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 7 -
1.13
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.14
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.
1.15
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
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.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Identification and measurement of impairment
Determining whether non-current assets are impaired requires an estimation of both the fair value and value in use of each asset. The value in use calculation requires the entity to estimate the future cash flows expected to arise from the cash-generating unit, taking into account the achievability of long-term business plans and macroeconomic assumptions underlying the valuation process, and a suitable discount rate in order to calculate present value.
Where the directors identify assets which are deemed to have been impaired then necessary adjustments need to be made to the accounts.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
2
Judgements and key sources of estimation uncertainty
(Continued)
- 8 -
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.
Deferred Tax
Significant estimates are made to determine both current and deferred tax liabilities/ assets, not least the value of deferred tax assets.
The recognition of deferred tax assets is based upon whether it is more likely than not that sufficient and suitable taxable profits will be available in the future against which the reversal of temporary differences can be deducted. To determine the future taxable profits, reference is made to the latest available profit forecasts. Where the temporary differences are related to losses, relevant tax law is considered to determine the availability of the losses to offset against the future taxable profits.
The amounts recognised in the financial statements are derived from the directors' best estimation and judgement as described above. Recognition therefore involves judgement regarding the future financial performance of the entity with the actual results potentially differing from these estimates due, for instance, changes in the business climate, changes to tax legislation or the future performance of the company.
Tangible fixed assets
Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually by the directors of the company and may vary depending on a number of factors. In reassessing asset lives, factors such as technological innovation, product life-cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Treatment of long-term contracts
Recognition of revenue and profit in regard to long-term contracts is based on judgements made in respect of the ultimate profitability that project. Such judgements are arrived at through the use of estimates in relation to the costs and value of work performed to date and to be performed in bringing contracts to completion. These estimates are made by reference to surveys of progress on each contract, changes in scope of work scope and the contractual terms under which the work is being performed. Consideration is also given to the recoverability of any unagreed income from variations to contracts and the external certification of the work performed.
Similarly, where the company receives payments on account in advance of the associated work being performed then the directors of the company exercise judgement in identifying these and requiring the necessary adjustments to be made to the accounts.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
2
Judgements and key sources of estimation uncertainty
(Continued)
- 9 -
Debtor and stock provisions
At each balance sheet date the directors of the company consider the recoverability of trade and other debtors and record provisions for any bad or doubtful debts. Such decisions are based on discussions with debtors and experience including comparisons of the relative age of accounts and consideration of actual write-off history.
The actual level of debt collected subsequently may differ from the estimated levels of recovery and could impact future operating results positively or negatively.
At the same time the directors also consider the net realisable value of items included within stock and work in progress and compare this with the book value of these items (usually held at cost). Where the net realisable value falls below the book value of an item then a provision for this difference should be made in the accounts of the company. The net realisable value of items within stock and work in progress is based on the judgement of the directors and management of the company using their experience of trading activity and the market value of these items.
This level of provision calculated as a result of this process may differ from the actual reduction which is required to stock and work in progress, impacting the future operating results of the company either positively or negatively.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
7
7
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2023
21,649
58,973
17,235
40,981
34,329
173,167
Additions
191
330
1,497
2,018
Disposals
(4,868)
(736)
(19,718)
(25,322)
At 31 December 2023
21,649
54,296
16,829
22,760
34,329
149,863
Depreciation and impairment
At 1 January 2023
21,596
54,744
16,798
37,742
24,270
155,150
Depreciation charged in the year
53
2,420
35
2,081
4,962
9,551
Eliminated in respect of disposals
(4,160)
(736)
(19,204)
(24,100)
At 31 December 2023
21,649
53,004
16,097
20,619
29,232
140,601
Carrying amount
At 31 December 2023
1,292
732
2,141
5,097
9,262
At 31 December 2022
53
4,229
437
3,239
10,059
18,017
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
210,197
68,405
Amounts owed by group undertakings
1,582
632
Other debtors
168,641
406,066
380,420
475,103
Accrued income balances amounting to £119,211 (2022 : £265,027) are included in the other debtors balance.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 11 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
24,443
62,311
Amounts owed to group undertakings
15,871
158,871
Taxation and social security
24,681
92,284
Other creditors
261,798
445,788
326,793
759,254
Deferred income balances amounting to £202,762 (2022 : £282,768) are included in the other creditors balance.
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
86 Ordinary A shares of £1 each
86
86
86
86
589 Ordinary B shares of £1 each
589
589
589
589
675
675
675
675
8
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
£
£
Total
214,375
59,217
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
9
Related party transactions
The company has taken advantage of the exemptions provided by section 33.1A FRS102, not to disclose related party transactions and outstanding balances with wholly owned subsidiaries within the group.
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Sales
Purchases
2023
2022
2023
2022
£
£
£
£
Entities with control, joint control or significant influence over the company
33,374
8,971
152,068
140,042
33,374
8,971
152,068
140,042
The following amounts were outstanding at the reporting end date:
2023
2022
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
15,232
122,998
15,232
122,998
The following amounts were outstanding at the reporting end date:
2023
2022
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
-
632
632
632
10
Parent company
The parent company is Stulz GmbH, a company registered in Germany. The business address is Holsteiner Chaussee283,22457 Hamburg, Germany.
Stultz Modular Limited is included in the consolidated financial statements of Stultz GmbH which heads the smallest group that prepares consolidated financial statements. The consolidated financial statements are available from the above address.
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.
STULZ MODULAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11
Audit report information
(Continued)
- 13 -
Senior Statutory Auditor:
Stephen Howard Neal
Statutory Auditor:
Shaw Gibbs (Audit) Limited
2023-12-312023-01-01false02 May 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr A T StulzMr M O StultzMr T SteinbergMr D Goonawardhanefalsefalse079650042023-01-012023-12-31079650042023-12-31079650042022-12-3107965004core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-12-3107965004core:PlantMachinery2023-12-3107965004core:FurnitureFittings2023-12-3107965004core:ComputerEquipment2023-12-3107965004core:MotorVehicles2023-12-3107965004core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3107965004core:PlantMachinery2022-12-3107965004core:FurnitureFittings2022-12-3107965004core:ComputerEquipment2022-12-3107965004core:MotorVehicles2022-12-3107965004core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3107965004core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3107965004core:CurrentFinancialInstruments2023-12-3107965004core:CurrentFinancialInstruments2022-12-3107965004core:ShareCapital2023-12-3107965004core:ShareCapital2022-12-3107965004core:SharePremium2023-12-3107965004core:SharePremium2022-12-3107965004core:OtherMiscellaneousReserve2023-12-3107965004core:OtherMiscellaneousReserve2022-12-3107965004core:RetainedEarningsAccumulatedLosses2023-12-3107965004core:RetainedEarningsAccumulatedLosses2022-12-3107965004core:ShareCapital2021-12-3107965004core:SharePremium2021-12-3107965004core:OtherMiscellaneousReserve2021-12-3107965004core:RetainedEarningsAccumulatedLosses2021-12-31079650042021-12-3107965004core:ShareCapitalOrdinaryShares2023-12-3107965004core:ShareCapitalOrdinaryShares2022-12-3107965004bus:Director42023-01-012023-12-3107965004core:RetainedEarningsAccumulatedLosses2022-01-012022-12-3107965004core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3107965004core:LandBuildingscore:LongLeaseholdAssets2023-01-012023-12-3107965004core:PlantMachinery2023-01-012023-12-3107965004core:FurnitureFittings2023-01-012023-12-3107965004core:ComputerEquipment2023-01-012023-12-3107965004core:MotorVehicles2023-01-012023-12-31079650042022-01-012022-12-3107965004core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3107965004core:PlantMachinery2022-12-3107965004core:FurnitureFittings2022-12-3107965004core:ComputerEquipment2022-12-3107965004core:MotorVehicles2022-12-31079650042022-12-3107965004core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-01-012023-12-3107965004core:WithinOneYear2023-12-3107965004core:WithinOneYear2022-12-3107965004core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2023-01-012023-12-3107965004core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2022-01-012022-12-3107965004core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2023-12-3107965004bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107965004bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107965004bus:FRS1022023-01-012023-12-3107965004bus:Audited2023-01-012023-12-3107965004bus:Director12023-01-012023-12-3107965004bus:Director22023-01-012023-12-3107965004bus:Director32023-01-012023-12-3107965004bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP