Company registration number 01227013 (England and Wales)
ELDON TOOL AND ENGINEERING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ELDON TOOL AND ENGINEERING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 13
ELDON TOOL AND ENGINEERING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
4,038
5,384
Tangible assets
5
1,603,097
1,386,216
Investments
6
99
99
1,607,234
1,391,699
Current assets
Stocks
734,674
716,492
Debtors
7
356,689
407,768
Cash at bank and in hand
40,715
62,843
1,132,078
1,187,103
Creditors: amounts falling due within one year
8
(2,210,714)
(2,078,184)
Net current liabilities
(1,078,636)
(891,081)
Total assets less current liabilities
528,598
500,618
Creditors: amounts falling due after more than one year
9
(57,324)
(118,456)
Provisions for liabilities
10
(222,090)
(124,265)
Net assets
249,184
257,897
Capital and reserves
Called up share capital
13
4,000
4,000
Share premium account
215,411
215,411
Revaluation reserve
14
541,540
554,919
Profit and loss reserves
15
(511,767)
(516,433)
Total equity
249,184
257,897

The notes form part of these financial statements.

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

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

ELDON TOOL AND ENGINEERING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
Mr E G Altham
Director
Company registration number 01227013 (England and Wales)
ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Eldon Tool And Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is 36 Lichfield Street, Walsall, West Midlands, UK, WS1 1TJ. The principal place of business is 28 Don Road, Sheffield, S9 2UB.

 

The company has its principal place of business at 28 Don Road, Sheffield, South Yorkshire, S9 2UB.

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, as modified by the revaluation of certain assets, measured at fair value. The principal accounting policies adopted are set out below.

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

 

 

The financial statements of the company are consolidated in the financial statements of The Tool Connection Limited. These consolidated financial statements are available from its registered office, 36 Lichfield Street, Walsall, England, WS1 1TJ.

1.2
Going concern

 

The majority of the company's trade is not with the general public and therefore has been able to continue with their operations. The directors continue to review costs and overheads and its pricing of products to customers to ensure the company trades as efficiently as possible.

 

While the company has made a loss during the year, the company continues to hold positive shareholder funds as of 31 December 2023. The ultimate parent company, The Tool Connection Limited, has also confirmed that sufficient financial support will be provided to enable the company to continue operations. As such, the financial statements have been prepared on a going concern basis.

ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.3
Turnover

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

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

1.4
Intangible fixed assets other than goodwill

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

 

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

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

Software
20% on cost
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:

Freehold land and buildings
2% on cost
Plant and equipment
10% on cost
Fixtures and fittings
10% on cost
Computers
25% on cost
Motor vehicles
25% on cost

No depreciation is charged on the land element of freehold property.

 

The carrying amount of any replaced components is derecognised. Repairs and maintenance costs are expensed as incurred.

1.6
Fixed asset investments

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

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

ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.7
Impairment of fixed assets

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

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

 

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

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

1.8
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 are valued using the average unit cost method where the stock is manufactured and on a first-in first out basis where the stock is bought in as raw materials or goods for resale. Net realisable value is estimated selling price less further costs expected to be incurred to completion and disposal. Provision is made for slow moving, obsolete and defective items where appropriate.

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

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 instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Basic financial assets

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

Classification of financial liabilities

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

Basic financial liabilities

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

 

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

 

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

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.

ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 7 -
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.

1.13
Retirement benefits

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

1.14
Leases

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

 

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

1.15
Government grants

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

 

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

1.16
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 director is 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.

ELDON TOOL AND ENGINEERING 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:

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 5 for the carrying amount of the freehold property; plant and machinery; fixtures and fittings; motor vehicles and computer equipment; and note 1.4 for the useful economic lives for each class of assets.

Stocks

The company makes an estimate of the provision for obsolete and slow moving items within total stocks. When assessing the value of the provision, management considers factors including the physical condition and age of stocks, the quantity of stocks held; the saleability of the stocks and historical experience of the warehouse staff.

Impairment of debtors

The company makes an estimate of the recoverable value of trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 8 for the net carrying amount of debtors and any significant impairment provision.

Tax

The company makes an estimate of the provision for the research and development enhancement claim. This provision is based on the amount received in the previous financial year.

3
Employees

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

2023
2022
Number
Number
Total
33
30
ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 9 -
4
Intangible fixed assets
Software
£
Cost
At 1 January 2023 and 31 December 2023
6,730
Amortisation and impairment
At 1 January 2023
1,346
Amortisation charged for the year
1,346
At 31 December 2023
2,692
Carrying amount
At 31 December 2023
4,038
At 31 December 2022
5,384

The intangible assets detailed above represents computer software purchased by Eldon Tool and Engineering Limited during 2022, and is being amortised over it's useful economic life of five years.

5
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost or valuation
At 1 January 2023
950,000
1,208,889
101,770
82,120
26,567
2,369,346
Additions
-
0
445,153
54,292
21,343
-
0
520,788
Disposals
-
0
(312,500)
-
0
-
0
-
0
(312,500)
At 31 December 2023
950,000
1,341,542
156,062
103,463
26,567
2,577,634
Depreciation and impairment
At 1 January 2023
13,999
811,087
51,724
79,753
26,567
983,130
Depreciation charged in the year
13,999
82,444
13,259
6,872
-
0
116,574
Eliminated in respect of disposals
-
0
(125,167)
-
0
-
0
-
0
(125,167)
At 31 December 2023
27,998
768,364
64,983
86,625
26,567
974,537
Carrying amount
At 31 December 2023
922,002
573,178
91,079
16,838
-
0
1,603,097
At 31 December 2022
936,001
397,802
50,046
2,367
-
0
1,386,216
ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
Tangible fixed assets
(Continued)
- 10 -

Land and buildings

 

Included in the cost of land and buildings is freehold land of £250,000 (2022: £250,000) which is not depreciated.

 

Freehold land and buildings were valued as of 31 December 2021 by Fowler Sandford Chartered Surveyors at £950,000. This consisted of land at £250,000 and buildings at £700,000. The directors are of the opinion that the valuation carried out in 2021 represents the fair value of the property as of 31 December 2023.

 

If the revaluation model had not been used in previous years, then the historical cost at 31 December 2023 would have been £490,186.

6
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
99
99

The company's investments at the balance sheet date relates to the 100% shareholding of Eldon Flow Equipment Limited, with ownership of 99 ordinary shares (2022: 99). Eldon Flow Equipment Limited is a dormant company registered in the United Kingdom.

7
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
42,973
101,010
Amounts owed by group undertakings
304,406
304,406
Other debtors
9,310
2,352
356,689
407,768
8
Creditors: amounts falling due within one year
2023
2022
£
£
Obligations under finance leases
23,238
53,023
Trade creditors
268,655
195,524
Amounts owed to group undertakings
1,846,309
1,757,938
Taxation and social security
40,350
49,572
Other creditors
8,328
8,619
Accruals and deferred income
23,834
13,508
2,210,714
2,078,184
ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
8
Creditors: amounts falling due within one year
(Continued)
- 11 -

At 31 December 2023, there were outstanding pension contributions of £6,223 (2022: £5,679) which were included within other creditors and paid by the company in January 2024.

9
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Obligations under finance leases
57,324
118,456
10
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
11
222,090
124,265
11
Deferred taxation

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

Liabilities
Liabilities
2023
2022
Balances:
£
£
Accelerated capital allowances
166,344
81,898
Revaluations
55,746
42,367
222,090
124,265
2023
Movements in the year:
£
Liability at 1 January 2023
124,265
Charge to profit or loss
58,583
Effect of change in tax rate - profit or loss
25,863
Effect of change in tax rate - other comprehensive income
13,379
Liability at 31 December 2023
222,090

The deferred tax liability set out above is expected to reverse and relates to accelerated capital allowances that are expected to mature within the same period.

ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
12
Secured Debts

Included within creditors are secured debts under hire purchase agreements of £80,562 (2022: £171,479).

 

The hire purchase agreement is secured against the asset purchased within plant and machinery. An additional asset in plant and machinery was also secured against during the year, with the hire purchase repaid in full as of 31 December 2023 and the asset disposed of.

 

The net book value of the secured items in plant and machinery as of 31 December 2023 is £104,812 (2022: £235,163).

13
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4,000
4,000
4,000
4,000
14
Revaluation reserve
2023
2022
£
£
At the beginning of the year
554,919
554,919
Deferred tax on revaluation of tangible assets
(13,379)
-
At the end of the year
541,540
554,919
15
Profit and loss reserves
2023
2022
£
£
At the beginning of the year
(516,433)
(373,777)
Profit/(loss) for the year
4,666
(142,656)
At the end of the year
(511,767)
(516,433)
16
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:
Babar Mahmood BA (Hons) ACA
Statutory Auditor:
DKR Audit Services Ltd
Date of audit report:
20 August 2024
ELDON TOOL AND ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 13 -
17
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2023
2022
2023
2022
£
£
£
£
Eldon Flow Equipment Limited
-
0
-
0
99
99
Eldon Tool Company Limited
304,406
304,406
-
0
-
0
The Tool Connection Limited
-
0
-
0
1,846,210
1,757,839
Other information

During the year, the company made sales of £1,782,139 (2022: £1,316,751) to the ultimate parent company, The Tool Connection Limited. Also during the year, The Tool Connection Limited charged the company £115,599 (2022: £70,309) for goods supplied and £1,057 (2022: £1,023) in respect of administrative recharges, plus £6,592 (2022: £7,414) in respect of loan interest.

18
Parent company

The ultimate parent company is The Tool Connection Limited which prepares the group’s consolidated financial statements.

Copies of the consolidated financial statements for the year-ended 31 December 2023 can be obtained from Kineton Road, Southam CV47 0DR.

Largest group
The Tool Connection Limited
Smallest group
The Tool Connection Limited
2023-12-312023-01-01false20 August 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityThis audit opinion is unqualifiedMr Martin SmithMr Edward Althamfalsefalse012270132023-01-012023-12-31012270132023-12-31012270132022-12-3101227013core:ComputerSoftware2023-12-3101227013core:ComputerSoftware2022-12-3101227013core:LandBuildingscore:OwnedOrFreeholdAssets2023-12-3101227013core:PlantMachinery2023-12-3101227013core:FurnitureFittings2023-12-3101227013core:ComputerEquipment2023-12-3101227013core:MotorVehicles2023-12-3101227013core:LandBuildingscore:OwnedOrFreeholdAssets2022-12-3101227013core:PlantMachinery2022-12-3101227013core:FurnitureFittings2022-12-3101227013core:ComputerEquipment2022-12-3101227013core:MotorVehicles2022-12-3101227013core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3101227013core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3101227013core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3101227013core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3101227013core:CurrentFinancialInstruments2023-12-3101227013core:CurrentFinancialInstruments2022-12-3101227013core:ShareCapital2023-12-3101227013core:ShareCapital2022-12-3101227013core:SharePremium2023-12-3101227013core:SharePremium2022-12-3101227013core:RevaluationReserve2023-12-3101227013core:RevaluationReserve2022-12-3101227013core:RetainedEarningsAccumulatedLosses2023-12-3101227013core:RetainedEarningsAccumulatedLosses2022-12-3101227013core:RevaluationReserve2022-12-3101227013core:RevaluationReserve2021-12-3101227013core:RetainedEarningsAccumulatedLosses2022-12-3101227013core:RetainedEarningsAccumulatedLosses2021-12-3101227013bus:Director22023-01-012023-12-3101227013core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101227013core:ComputerSoftware2023-01-012023-12-3101227013core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-012023-12-3101227013core:PlantMachinery2023-01-012023-12-3101227013core:FurnitureFittings2023-01-012023-12-3101227013core:ComputerEquipment2023-01-012023-12-3101227013core:MotorVehicles2023-01-012023-12-31012270132022-01-012022-12-3101227013core:ComputerSoftware2022-12-3101227013core:LandBuildingscore:OwnedOrFreeholdAssets2022-12-3101227013core:PlantMachinery2022-12-3101227013core:FurnitureFittings2022-12-3101227013core:ComputerEquipment2022-12-3101227013core:MotorVehicles2022-12-31012270132022-12-3101227013core:WithinOneYear2023-12-3101227013core:WithinOneYear2022-12-3101227013core:Non-currentFinancialInstruments2023-12-3101227013core:Non-currentFinancialInstruments2022-12-3101227013core:Subsidiary12023-01-012023-12-3101227013core:OtherGroupMember12023-01-012023-12-3101227013core:UltimateParent2023-01-012023-12-3101227013core:Subsidiary12023-12-3101227013core:Subsidiary12022-12-3101227013core:OtherGroupMember12023-12-3101227013core:OtherGroupMember12022-12-3101227013core:UltimateParent2023-12-3101227013core:UltimateParent2022-12-3101227013bus:PrivateLimitedCompanyLtd2023-01-012023-12-3101227013bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101227013bus:FRS1022023-01-012023-12-3101227013bus:Audited2023-01-012023-12-3101227013bus:Director12023-01-012023-12-3101227013bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP