Company registration number 09252296 (England and Wales)
BP ROLLS HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
BP ROLLS HOLDINGS LIMITED
CONTENTS
Page
Company information
1
Strategic report
2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 8
Profit and loss account
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 31
BP ROLLS HOLDINGS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. T J Abul
Mr. D B Rolls
Company number
09252296
Registered office
Unit 28, Hopkinson Way
West Portway Industrial Estate
Andover
Hampshire
SP10 3LF
Auditor
Azets Audit Services
37 Commercial Road
Poole
Dorset
BH14 0HU
BP ROLLS HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -

The directors present the strategic report for the year ended 31 October 2023.

Review of the business

The directors are pleased to report an increase in group profit after tax which amounts to £933,303, compared to last year's profit after tax of £931,951.

 

Turnover for the group, at £25,123,378 (2022: £18,831,489) represents an increase in group sales by circa £6.3 million, 34%, when compared with the previous year.

 

Gross profit margin for the year has decreased to 28% compared to 32% last year. This, along with the increase in sales, has resulted in a gross profit margin of £6,924,067 compared to £6,018,487, an increase of circa £0.9m. The gross margin reduction is the blended and expected reduction in overall margin % from the lower gross margin expected in our Maxus business and underlying margins remain stable for existing operations. The Maxus business is performing well with sales of chassis to four major supermarkets.

 

The commercial vehicle side of the business remains robust and the main component of the groups revenue streams, with an ever increasing contribution from the groups mobile repair and servicing offering.

 

With its suite of vertically integrated services the company is excited with the opportunities this cross fertilisation brings.

Future Developments

BP Rolls (North West) Limited enjoyed its debut year of trading becoming a net contributor to group results after only four months of trading. The group continues to invest in its IT and software in order it can be efficient whilst capitalising on opportunities across all of its trading divisions.

 

Threats

The company is seeking to recoup substantial increases in its electricity and gas costs, yet continues to benefit from the timely investment in solar power which is mitigating some of this increase.

 

Fire at Newport depot

On the 15th August 2023 the groups subsidiary company BP Rolls (Newport) Limited sustained a major fire at one of the group’s owned properties. The building was largely destroyed with extensive damage to equipment and customers vehicles. The company initiated its disaster recovery plan and has effectively managed to maintain the majority of its services to key customers via utilising the company’s second unit adjacent. Although financial performance has been materially affected by the fire, business interruption cover provided by the company’s insurers makes good any loss of profits as a result of the fire and have already made a number of interim payments on account post year end of these financial statements, which leave the company assured of its robust financial health.

 

At the time of sign off, the damaged property has been largely rebuilt already, with all equipment, ovens and plant and machinery replaced using proceeds derived from our comprehensive insurance cover. We expect to be fully operational within a matter of months, fully indemnified not only for this period but for the foreseeable future whilst full trading resumes.

 

Key performance indicators

The group monitors the performance of each of its trading subsidiaries comparing sales and margins achieved from its principal trading incomes of labour and parts. The results are analysed each month together with overheads and remedial action is taken if they fall below target.

On behalf of the board

Mr. D B Rolls
Director
15 August 2024
BP ROLLS HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -

The directors present their annual report and financial statements for the year ended 31 October 2023.

Principal activities

The principal activity of the company and group continued to be that of the provision of a motor vehicle body building and repair service.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr. T J Abul
Mr. D B Rolls
Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the group will be put at a General Meeting.

Directors’ confirmations

In the case of each director in office at the date the directors’ report is approved:

On behalf of the board
Mr. D B Rolls
Director
15 August 2024
BP ROLLS HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, and applicable law).

Under company law, directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements, the directors are required to:

The directors are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are also responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.

BP ROLLS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BP ROLLS HOLDINGS LIMITED
- 5 -
Opinion

We have audited the financial statements of BP Rolls Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2023 which comprise the group profit and loss account, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

BP ROLLS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BP ROLLS HOLDINGS LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

BP ROLLS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BP ROLLS HOLDINGS LIMITED
- 7 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

 

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.  Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.  This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

 

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

 

 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.  The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows;

 

To address the risk of fraud through management bias and override of controls, we:

BP ROLLS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BP ROLLS HOLDINGS LIMITED
- 8 -

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Andrew Singleton (Senior Statutory Auditor)
For and on behalf of Azets Audit Services
Statutory Auditor
37 Commercial Road
Poole
Dorset
BH14 0HU
15 August 2024
BP ROLLS HOLDINGS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2023
- 9 -
2023
2022
Notes
£
£
Turnover
3
25,123,378
18,831,489
Cost of sales
(18,199,311)
(12,813,002)
Gross profit
6,924,067
6,018,487
Administrative expenses
(6,064,405)
(4,872,806)
Other operating income
358,577
56,601
Operating profit
5
1,218,239
1,202,282
Interest receivable and similar income
4,801
-
0
Interest payable and similar expenses
8
(66,207)
(32,898)
Profit before taxation
1,156,833
1,169,384
Tax on profit
9
(223,530)
(237,433)
Profit for the financial year
933,303
931,951
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is attributable to:
- Owners of the parent company
924,006
941,248
- Non-controlling interests
9,297
(9,297)
933,303
931,951

The notes on pages 15 to 31 form part of these financial statements.

BP ROLLS HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 10 -
2023
2022
Notes
£
£
£
£
Fixed assets
Goodwill
11
19,970
36,498
Tangible assets
12
2,816,170
3,054,147
2,836,140
3,090,645
Current assets
Stocks
15
1,272,868
1,242,381
Debtors
17
5,895,760
3,579,168
Cash at bank and in hand
2,190,664
1,242,782
9,359,292
6,064,331
Creditors: amounts falling due within one year
18
(7,133,379)
(5,200,613)
Net current assets
2,225,913
863,718
Total assets less current liabilities
5,062,053
3,954,363
Creditors: amounts falling due after more than one year
19
(742,774)
(609,427)
Provisions for liabilities
Deferred tax liability
22
372,487
264,197
(372,487)
(264,197)
Net assets
3,946,792
3,080,739
Capital and reserves
Called up share capital
24
1,000
1,000
Profit and loss reserves
3,945,792
3,021,786
Equity attributable to owners of the parent company
3,946,792
3,022,786
Non-controlling interests
-
57,953
3,946,792
3,080,739
The financial statements were approved by the board of directors and authorised for issue on 15 August 2024 and are signed on its behalf by:
15 August 2024
Mr. D B Rolls
Director
Company registration number 09252296 (England and Wales)
BP ROLLS HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 OCTOBER 2023
31 October 2023
- 11 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
13
1,115,901
1,040,801
Current assets
Debtors
17
980,190
724,600
Cash at bank and in hand
721
1,028
980,911
725,628
Creditors: amounts falling due within one year
18
(694,145)
(363,762)
Net current assets
286,766
361,866
Net assets
1,402,667
1,402,667
Capital and reserves
Called up share capital
24
1,000
1,000
Profit and loss reserves
1,401,667
1,401,667
Total equity
1,402,667
1,402,667

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £0 (2022 - £250,000 profit).

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 15 August 2024 and are signed on its behalf by:
15 August 2024
Mr. D B Rolls
Director
Company registration number 09252296 (England and Wales)
BP ROLLS HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023
- 12 -
Share capital
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
Balance at 1 November 2021
1,000
2,084,538
2,085,538
-
2,085,538
Year ended 31 October 2022:
Profit for the year
-
931,951
931,951
-
931,951
Other comprehensive income:
Amounts attributable to non-controlling interests
-
9,297
9,297
(9,297)
-
Total comprehensive income
-
941,248
941,248
(9,297)
931,951
Dividends
10
-
(4,000)
(4,000)
-
(4,000)
Non-controlling interest's shares purchased in subsidiary
-
-
-
67,250
67,250
Balance at 31 October 2022
1,000
3,021,786
3,022,786
57,953
3,080,739
Year ended 31 October 2023:
Profit for the year
-
933,303
933,303
-
933,303
Other comprehensive income:
Amounts attributable to non-controlling interests
-
(9,297)
(9,297)
9,297
-
Total comprehensive income
-
924,006
924,006
9,297
933,303
Re purchase of shares in subsidiary from non-controlling interest
-
-
-
(67,250)
(67,250)
Balance at 31 October 2023
1,000
3,945,792
3,946,792
-
0
3,946,792
BP ROLLS HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023
- 13 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 November 2021
1,000
1,155,667
1,156,667
Year ended 31 October 2022:
Profit and total comprehensive income for the year
-
250,000
250,000
Dividends
10
-
(4,000)
(4,000)
Balance at 31 October 2022
1,000
1,401,667
1,402,667
Year ended 31 October 2023:
Profit and total comprehensive income
-
-
-
0
Balance at 31 October 2023
1,000
1,401,667
1,402,667
BP ROLLS HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 14 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
1,128,623
1,604,757
Interest paid
(66,207)
(32,898)
Income taxes paid
(339,588)
(109,709)
Net cash inflow from operating activities
722,828
1,462,150
Investing activities
Purchase of tangible fixed assets
(652,767)
(775,875)
Proceeds on disposal of tangible fixed assets
1,162,957
-
Re-purchase of shares in subsidiary
(67,250)
-
Interest received
4,801
-
0
Net cash generated from/(used in) investing activities
447,741
(775,875)
Financing activities
Repayment of bank loans
(49,823)
(77,373)
Payment of finance leases obligations
(172,864)
(39,474)
Purchase of shares in subsidiary by non-controlling interest
-
67,250
Dividends paid to equity shareholders
-
(4,000)
Net cash used in financing activities
(222,687)
(53,597)
Net increase in cash and cash equivalents
947,882
632,678
Cash and cash equivalents at beginning of year
1,242,782
610,104
Cash and cash equivalents at end of year
2,190,664
1,242,782
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 15 -
1
Accounting policies
Company information

The financial statements have been prepared in the functional currency of Sterling under the historical cost convention and in accordance with Financial Reporting Standard 102 - The Financial Reporting Standard applicable in the UK and Republic or Ireland and the Companies Act 2006.

 

The following principal accounting policies have been applied:

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.

1.2
Basis of consolidation

The group financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 October 2023.

 

Subsidiary undertakings are included using the acquisitions method of accounting. Under this method the group profit and loss account and statement of cashflows include the results and cashflows of subsidiaries from the date of acquisition and to the date of sale outside the group in the case of disposals of subsidiaries. The purchase consideration has been allocated to the assets and liabilities on the basis of fair value at the date of acquisition.

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

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group 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.

1.4
Turnover

The group's principal activity is the provision of a motor vehicle body building and repair service.

 

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Revenue is recognised when the company becomes entitled to it - usually on the completion of the agreed work.

BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 16 -
1.5
Intangible fixed assets - goodwill

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

 

If a subsidiary, associate or business is subsequently sold or closed, any goodwill arising on acquisition that was written off directly to reserves or that has not been amortised through the profit and loss account is taken into account in determining the profit or loss on sale or closure.

 

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:·

 

Goodwill    - over 5 to 10 years

 

The directors consider that 5 to 10 years is a reasonable estimate of the expected economic life of the goodwill.

1.6
Tangible fixed assets

Fixed assets are stated at historical cost less depreciation and less any impairment losses.

Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value over its expected useful. life, as follows:-

Freehold Land
no depreciation
Freehold property improvements
over 10 years
Short leasehold improvements
over 5 years
Long leasehold property/freehold buildings
over 50 years
Fixtures and fittings
over 2, 3, 4, 5 and 7 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 profit and loss account.

1.7
Fixed asset investments

Fixed asset investments are stated at historical cost less any provision for diminution in value.

1.8
Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value. Cost of finished goods and work in progress includes attributable labour and material costs. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion and disposal. Provision is made for obsolete and slow-moving items.

1.9
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.

1.10
Financial instruments

Amounts payable or receivable on derivatives held to manage interest rate risk. (including swap agreements) are recognised over .the period of the contract. Changes in the derivative's fair value are not recognised.

BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 17 -
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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying mount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

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 company 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.

BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 18 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

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

1.11
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.

1.12
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 group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

1.13
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.

1.14
Retirement benefits

The group operates a defined contribution pension scheme. The pension costs charged in the financial statements represent the contributions payable by the group during the year.

BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 19 -
1.15
Leases

Assets financed under finance leases and similar arrangements such as hire purchase contracts, are capitalised in the balance sheet and depreciated over their useful economic lives.

 

The interest element of payments under such arrangements is charged to the profit and loss account so as to give a periodic charge commensurate with the balance outstanding.

 

Rentals paid under operating leases are charged to the profit and loss account as they fall due.

1.16
Government grants

A grant is recognised in income when the grant proceeds are received (or receivable) provided that the terms of the grant do not impose future performance-related conditions.

 

If the terms of a grant do impose performance-related conditions on the recipient, the grant is only recognised in income when the performance­ related conditions are met.

 

Any grants that are received before the revenue recognition criteria are met are recognised in the entity's financial statements as a liability.

2
Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

 

Significant judgements

 

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as disclosed in the accounting policies.

 

Key sources of estimation uncertainty

 

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are as disclosed in the accounting policies.

 

Work in Progress

Work in Progress (WIP) is measured on a cost basis where this is not released to the Profit and Loss Account until the job has been completed and is ready for customer collection. Therefore, controls have been implanmented to release the cost when the revenue in recognised within the Profit and Loss Account to ensure that the cost matches the income within the financial statements and that the cut off of revenue and expenses is correct.

BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 20 -
3
Turnover and other revenue

 

2023
2022
£
£
Turnover analysed by class of business
Repairs and servicing of vehicles
19,313,241
15,948,956
Sale of electric vehicles
5,621,657
2,702,053
Management charge received
188,480
180,480
25,123,378
18,831,489
2023
2022
£
£
Turnover analysed by geographical market
United Kingdom
25,123,378
18,831,489
2023
2022
£
£
Other revenue
Interest income
4,801
-
Grants received
20,220
8,000
Insurance income
303,636
-
4
Auditor's remuneration
2023
2022
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
1,525
1,425
Audit of the financial statements of the company's subsidiaries
22,450
19,275
23,975
20,700
For other services
Taxation compliance services
4,150
3,900
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 21 -
5
Operating profit
2023
2022
£
£
Operating profit for the year is stated after charging/(crediting):
Government grants
(20,220)
(8,000)
Depreciation of owned tangible fixed assets
494,656
366,106
Depreciation of tangible fixed assets held under finance leases
49,325
41,781
Profit on disposal of tangible fixed assets
(331,169)
-
Amortisation of intangible assets
16,528
16,528
Cost of stocks recognised as an expense
12,944,715
8,517,762
Operating lease charges
610,607
521,778
6
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
Directors
4
4
2
2
Admin
92
78
-
-
Productive
118
95
-
-
Total
214
177
2
2

Their aggregate remuneration comprised:

Group
Company
2023
2022
2023
2022
£
£
£
£
Wages and salaries
8,308,091
6,154,130
-
0
-
0
Social security costs
66,867
612,042
-
-
Pension costs
161,617
111,331
-
0
-
0
8,536,575
6,877,503
-
0
-
0
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 22 -
7
Directors' remuneration
The directors do not receive remuneration from the BP Rolls Holdings Limited as a standalone company, instead the directors have been remunerated by companies within the group. Total directors' remuneration has been detailed below:
2023
2022
£
£
Remuneration for qualifying services
630,572
548,930
Company pension contributions to defined contribution schemes
74,281
38,931
704,853
587,861
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2023
2022
£
£
Remuneration for qualifying services
432,000
298,000
8
Interest payable and similar expenses
2023
2022
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
-
14,474
Other finance costs:
Interest on finance leases and hire purchase contracts
22,995
2,819
Other interest
43,212
15,605
Total finance costs
66,207
32,898
9
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
158,301
234,724
Adjustments in respect of prior periods
-
0
(3,254)
Total current tax
158,301
231,470
Deferred tax
Origination and reversal of timing differences
65,229
5,963
Total tax charge
223,530
237,433
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
9
Taxation
(Continued)
- 23 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2023
2022
£
£
Profit before taxation
1,156,833
1,169,384
Expected tax charge based on the standard rate of corporation tax in the UK of 22.50% (2022: 19.00%)
260,287
222,183
Tax effect of expenses that are not deductible in determining taxable profit
126
1,527
Tax effect of utilisation of tax losses not previously recognised
(21,510)
-
0
Unutilised tax losses carried forward
41,065
-
0
Adjustments in respect of prior years
-
0
(3,254)
Permanent capital allowances in excess of depreciation
(125,386)
7,869
Other non-reversing timing differences
3,719
3,145
Deferred tax
65,229
5,963
Taxation charge
223,530
237,433

In the Spring Budget 2021, the Government announced that from 1 April 2023 the corporation tax rate will increase to 25%. This proposal was substantively enacted 24 May 2021 and therefore the effects of the rate change are included in these financial statements.

10
Dividends
2023
2022
Recognised as distributions to equity holders:
£
£
Final paid
-
4,000
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 24 -
11
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 November 2022 and 31 October 2023
227,728
Amortisation and impairment
At 1 November 2022
191,230
Amortisation charged for the year
16,528
At 31 October 2023
207,758
Carrying amount
At 31 October 2023
19,970
At 31 October 2022
36,498
The company had no intangible fixed assets at 31 October 2023 or 31 October 2022.
12
Tangible fixed assets
Group
Freehold Land and Property
Freehold property improvements
Short leasehold improvements
Plant and machinery
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 November 2022
1,645,127
1,005,058
181,213
2,278,063
1,117,178
6,226,640
Additions
-
0
137,114
-
0
276,548
724,128
1,137,790
Disposals
(1,136,410)
-
0
-
0
(457,964)
(143,115)
(1,737,489)
At 31 October 2023
508,717
1,142,172
181,213
2,096,645
1,698,192
5,626,941
Depreciation and impairment
At 1 November 2022
434,803
398,156
110,347
1,739,742
489,444
3,172,491
Depreciation charged in the year
47,757
33,272
28,088
144,864
290,000
543,981
Eliminated in respect of disposals
(434,710)
-
0
-
0
(454,632)
(16,359)
(905,701)
At 31 October 2023
47,850
431,429
138,434
1,429,972
763,084
2,810,771
Carrying amount
At 31 October 2023
460,867
710,743
42,779
666,673
935,108
2,816,170
At 31 October 2022
1,210,324
606,902
70,866
538,321
627,734
3,054,147
The company had no tangible fixed assets at 31 October 2023 or 31 October 2022.
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
12
Tangible fixed assets
(Continued)
- 25 -

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

Group
Company
2023
2022
2023
2022
£
£
£
£
Motor vehicles
148,726
-
0
-
0
-
0
Plant and machinery
275,923
108,825
-
-
424,649
108,825
-
-

The depreciation charge in respect of the above assets was £49,325 (2022: £41,781).

13
Fixed asset investments
Group
Company
2023
2022
2023
2022
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
1,115,901
1,040,801
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 November 2022
1,040,801
Additions
75,100
At 31 October 2023
1,115,901
Carrying amount
At 31 October 2023
1,115,901
At 31 October 2022
1,040,801
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 26 -
14
Subsidiaries

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

Name of undertaking
Principal activity
Class of
% Held
shares held
Direct
Indirect
BP Rolls Group Limited
Holding company
Ordinary
100.00
-
B P Rolls Limited
Motor vehicle body building and repair service
Ordinary
-
100.00
BP Rolls (Newport) Limited
Commercial vehicle repair
Ordinary
-
100.00
BP Rolls (Hull) Limited
Motor vehicle servicing
Ordinary
-
100.00
BP Rolls Automotive Ltd
Motor vehicle servicing
Ordinary
-
100.00
BP Rolls (Maxus) Ltd
Electric van dealership and servicing
Ordinary
100.00
-
BP Rolls (North West) Limited
Motor vehicle servicing
Ordinary
-
100.00
15
Stocks
Group
Company
2023
2022
2023
2022
£
£
£
£
Raw materials and consumables
544,715
738,589
-
-
Work in progress
728,153
503,792
-
-
1,272,868
1,242,381
-
-
16
Financial instruments
Group
Company
2023
2022
2023
2022
£
£
£
£
Carrying amount of financial assets measured at amortised cost
Trade debtors
3,854,152
3,098,738
-
0
-
0
Amounts due from group undertakings
-
-
979,139
723,699
Accrued income
1,303,413
-
-
-
Other debtors
190,663
10,703
1,051
901
5,348,228
3,109,441
980,190
724,600
Carrying amount of financial liabilities measured at amortised cost
Trade creditors
4,520,236
2,750,077
-
0
-
0
Bank loans and hire purchase
979,341
717,005
-
-
Other creditors
1,193,761
967,699
694,145
363,762
Accruals
300,596
267,029
-
0
-
0
6,993,934
4,701,810
694,145
363,762
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 27 -
17
Debtors
Group
Company
2023
2022
2023
2022
Amounts falling due within one year:
£
£
£
£
Trade debtors
3,854,152
3,098,738
-
0
-
0
Amounts owed by group undertakings
-
-
979,139
723,699
Other debtors
190,663
10,703
1,051
901
Prepayments and accrued income
1,741,544
403,386
-
0
-
0
5,786,359
3,512,827
980,190
724,600
Deferred tax asset (note 22)
109,401
66,341
-
0
-
0
5,895,760
3,579,168
980,190
724,600
18
Creditors: amounts falling due within one year
Group
Company
2023
2022
2023
2022
Notes
£
£
£
£
Bank loans
20
73,248
72,183
-
0
-
0
Obligations under finance leases
21
163,319
35,395
-
0
-
0
Trade creditors
4,520,236
2,750,077
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
50,100
29,717
Corporation tax payable
53,438
234,724
-
0
-
0
Other taxation and social security
813,781
873,506
-
-
Deferred income
15,000
-
0
-
0
-
0
Other creditors
1,193,761
967,699
644,045
334,045
Accruals
300,596
267,029
-
0
-
0
7,133,379
5,200,613
694,145
363,762
19
Creditors: amounts falling due after more than one year
Group
Company
2023
2022
2023
2022
Notes
£
£
£
£
Bank loans and overdrafts
20
536,085
586,973
-
0
-
0
Obligations under finance leases
21
206,689
22,454
-
0
-
0
742,774
609,427
-
-
Amounts included above which fall due after five years are as follows:
Payable by instalments
227,905
285,553
-
-
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 28 -
20
Loans and overdrafts
Group
Company
2023
2022
2023
2022
£
£
£
£
Bank loans
609,333
659,156
-
0
-
0
Payable within one year
73,248
72,183
-
0
-
0
Payable after one year
536,085
586,973
-
0
-
0

The bank loan are secured by fixed and floating charges on the assets of the Group incorporating specific charges over freehold and long leasehold properties owned by the Group.

The bank loans are repayable by monthly instalments over periods ranging between 7 and 25 years, the seven year loans bearing interest at 2% above base rate and the 25 year loan bearing interest at base rate plus a 1.4% margin.

21
Finance lease obligations
Group
Company
2023
2022
2023
2022
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
163,319
35,395
-
0
-
0
In two to five years
206,689
22,454
-
0
-
0
370,008
57,849
-
-

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

 

Obligations under finance lease are secured againist the assets to which they relate.

22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
Assets
Assets
2023
2022
2023
2022
Group
£
£
£
£
Accelerated capital allowances
372,487
264,197
-
-
Tax losses
-
-
109,401
66,341
372,487
264,197
109,401
66,341
The company has no deferred tax assets or liabilities.
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
22
Deferred taxation
(Continued)
- 29 -
Group
Company
2023
2023
Movements in the year:
£
£
Liability at 1 November 2022
197,856
-
Charge to profit or loss
65,230
-
Liability at 31 October 2023
263,086
-

 

23
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
161,617
111,331

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

Contributions totalling £30,565 (2022: £23,200) were payable to the schemes at the end of the year and are included in creditors.

24
Share capital
Group and company
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
900
900
900
900
Ordinary A shares of £1 each
100
100
100
100
1,000
1,000
1,000
1,000
BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 30 -
25
Operating lease commitments
Lessee

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

Group
Company
2023
2022
2023
2022
£
£
£
£
Within one year
456,131
453,188
-
-
Between two and five years
1,126,449
1,103,369
-
-
In over five years
874,830
1,034,830
-
-
2,457,410
2,591,387
-
-
26
Related party transactions

Mr D B Rolls

(Director and shareholder)

Mr D B Rolls owns a commercial property that is leased to the Group. During the year under review the rental charge for this property amounted to £287,486 (2022: £275,750). In addition, David Rolls loaned the company £nil (2022: £250,000), during the year repayments of £200,000 (2022: £nil) were made to Mr D B Rolls. At the balance sheet date the amount due to Mr D B Rolls was £50,000 (2022: £250,000).

 

Postgrove Capital Limited

(Mr D B Rolls is the controlling shareholder)

 

The group also leases four commercial properties from Postgrove Capital Limited. The rent charge for the year amounted to £217,750 (2022: £215,676).

 

BP Rolls Signs & Graphics Limited

(Under common control)

During the year, the Group made sales of £38,831 (2022: £64,028) and purchases of £239,661 (2022: £198,441) from BP Rolls Signs & Graphics Limited. In addition, a mangement charge was paid by BP Rolls Signs & Graphics Limited of £188,480 (2022: £180,480). At the balance sheet date, the amount due to BP Rolls Signs & Graphics Limited was £456,321 (2022: £293,698).

 

The group has taken advantage of the exemption in FRS 102 from disclosing transactions with other members of the group.

27
Ultimate controlling party

The company is controlled by BP Rolls Holdings Limited, by virtue of is 100% share holding in the company. The ultimate controlling party is Mr David Rolls, by virtue of his majority shareholding in BP Rolls Holdings Limited.

BP ROLLS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 31 -
28
Cash generated from group operations
2023
2022
£
£
Profit for the year after tax
933,303
931,951
Adjustments for:
Taxation charged
223,530
237,433
Finance costs
66,207
32,898
Investment income
(4,801)
-
0
Gain on disposal of tangible fixed assets
(331,169)
-
Amortisation and impairment of intangible assets
16,528
16,528
Depreciation and impairment of tangible fixed assets
543,981
407,887
Movements in working capital:
Increase in stocks
(30,487)
(660,790)
Increase in debtors
(2,273,532)
(619,277)
Increase in creditors
1,985,063
1,258,127
Cash generated from operations
1,128,623
1,604,757
29
Analysis of changes in net funds - group
1 November 2022
Cash flows
31 October 2023
£
£
£
Cash at bank and in hand
1,242,782
947,882
2,190,664
Borrowings excluding overdrafts
(659,156)
49,823
(609,333)
Obligations under finance leases
(57,849)
(312,159)
(370,008)
525,777
685,546
1,211,323
2023-10-312022-11-01falseCCH SoftwareCCH Accounts Production 2024.100Mr. T J AbulMr. D B Rollsfalse09252296bus:Consolidated2022-11-012023-10-31092522962022-11-012023-10-3109252296bus:Director12022-11-012023-10-3109252296bus:Director22022-11-012023-10-3109252296bus:RegisteredOffice2022-11-012023-10-3109252296bus:Consolidated2023-10-31092522962023-10-3109252296bus:Consolidated2021-11-012022-10-31092522962021-11-012022-10-3109252296core:Goodwillbus:Consolidated2023-10-3109252296core:Goodwillbus:Consolidated2022-10-3109252296bus:Consolidated2022-10-3109252296core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-10-3109252296core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-10-3109252296core:LeaseholdImprovementsbus:Consolidated2023-10-3109252296core:PlantMachinerybus:Consolidated2023-10-3109252296core:MotorVehiclesbus:Consolidated2023-10-3109252296core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2022-10-3109252296core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2022-10-3109252296core:LeaseholdImprovementsbus:Consolidated2022-10-3109252296core:PlantMachinerybus:Consolidated2022-10-3109252296core:MotorVehiclesbus:Consolidated2022-10-31092522962022-10-3109252296core:ShareCapitalbus:Consolidated2023-10-3109252296core:ShareCapitalbus:Consolidated2022-10-3109252296core:ShareCapital2023-10-3109252296core:ShareCapital2022-10-3109252296core:RetainedEarningsAccumulatedLosses2023-10-3109252296core:ShareCapitalbus:Consolidated2021-10-3109252296core:RetainedEarningsAccumulatedLossesbus:Consolidated2021-10-3109252296core:RetainedEarningsAccumulatedLossesbus:Consolidated2022-10-3109252296core:Non-controllingInterestsbus:Consolidated2022-10-3109252296core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-10-3109252296core:Non-controllingInterestsbus:Consolidated2023-10-3109252296core:ShareCapital2021-10-3109252296core:RetainedEarningsAccumulatedLosses2021-10-3109252296core:RetainedEarningsAccumulatedLosses2022-10-3109252296bus:Consolidated2021-10-3109252296core:Goodwill2022-11-012023-10-3109252296core:LandBuildingscore:OwnedOrFreeholdAssets2022-11-012023-10-3109252296core:LandBuildingscore:LongLeaseholdAssets2022-11-012023-10-3109252296core:LeaseholdImprovements2022-11-012023-10-3109252296core:PlantMachinery2022-11-012023-10-3109252296core:MotorVehicles2022-11-012023-10-3109252296core:UKTaxbus:Consolidated2022-11-012023-10-3109252296core:UKTaxbus:Consolidated2021-11-012022-10-3109252296bus:Consolidated12022-11-012023-10-3109252296bus:Consolidated12021-11-012022-10-3109252296core:Goodwillbus:Consolidated2022-10-3109252296core:Goodwillbus:Consolidated2022-11-012023-10-3109252296core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2022-10-3109252296core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2022-10-3109252296core:LeaseholdImprovementsbus:Consolidated2022-10-3109252296core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2022-11-012023-10-3109252296core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2022-11-012023-10-3109252296core:LeaseholdImprovementsbus:Consolidated2022-11-012023-10-3109252296core:PlantMachinerybus:Consolidated2022-11-012023-10-3109252296core:MotorVehiclesbus:Consolidated2022-11-012023-10-3109252296core:ComputerEquipmentbus:Consolidated2022-10-3109252296core:ComputerEquipment2023-10-3109252296core:ComputerEquipment2022-10-3109252296core:Subsidiary22022-11-012023-10-3109252296core:Subsidiary32022-11-012023-10-3109252296core:Subsidiary42022-11-012023-10-3109252296core:Subsidiary52022-11-012023-10-3109252296core:Subsidiary62022-11-012023-10-3109252296core:Subsidiary72022-11-012023-10-3109252296core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2022-10-3109252296core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3109252296core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3109252296core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-10-3109252296core:CurrentFinancialInstrumentsbus:Consolidated2022-10-3109252296core:CurrentFinancialInstrumentsbus:Consolidated2023-10-3109252296core:CurrentFinancialInstruments2023-10-3109252296core:CurrentFinancialInstruments2022-10-3109252296core:WithinOneYearbus:Consolidated2023-10-3109252296core:WithinOneYearbus:Consolidated2022-10-3109252296core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2023-10-3109252296core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2022-10-3109252296core:Non-currentFinancialInstrumentscore:AfterOneYear2023-10-3109252296core:Non-currentFinancialInstrumentscore:AfterOneYear2022-10-3109252296core:Non-currentFinancialInstrumentsbus:Consolidated2023-10-3109252296core:Non-currentFinancialInstrumentsbus:Consolidated2022-10-3109252296core:Non-currentFinancialInstruments2023-10-3109252296core:Non-currentFinancialInstruments2022-10-3109252296core:WithinOneYear2023-10-3109252296core:WithinOneYear2022-10-3109252296core:BetweenTwoFiveYearsbus:Consolidated2023-10-3109252296core:BetweenTwoFiveYearsbus:Consolidated2022-10-3109252296core:BetweenTwoFiveYears2023-10-3109252296core:BetweenTwoFiveYears2022-10-3109252296bus:PrivateLimitedCompanyLtd2022-11-012023-10-3109252296bus:FRS1022022-11-012023-10-3109252296bus:Audited2022-11-012023-10-3109252296bus:ConsolidatedGroupCompanyAccounts2022-11-012023-10-3109252296bus:FullAccounts2022-11-012023-10-31xbrli:purexbrli:sharesiso4217:GBP