MERIT INSULATION SUPPLIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Company registration number 11601831 (England and Wales)
MERIT INSULATION SUPPLIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 13
MERIT INSULATION SUPPLIES LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
5
14,912
Tangible assets
6
232,987
154,333
Investments
7
8
232,987
169,253
Current assets
Stocks
8
1,464,740
1,046,078
Debtors
9
4,481,230
3,908,539
Cash at bank and in hand
36,701
36,970
5,982,671
4,991,587
Creditors: amounts falling due within one year
10
(5,155,361)
(4,313,172)
Net current assets
827,310
678,415
Total assets less current liabilities
1,060,297
847,668
Creditors: amounts falling due after more than one year
11
(263,670)
(301,288)
Provisions for liabilities
(52,387)
(38,583)
Net assets
744,240
507,797
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
744,140
507,697
Total equity
744,240
507,797
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 29 August 2024 and are signed on its behalf by:
Mr R J Ashford
Director
Company registration number 11601831 (England and Wales)
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information
Merit Insulation Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1-4 Merit House, Whitewall Road, Medway City Estate, Rochester, Kent, ME2 4WS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts have been prepared on the truegoing concern basis.
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.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 3 -
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
5% Reducing balance
Plant and equipment
10 to 20% Reducing balance or straight line
Fixtures and fittings
20% Reducing balance
Motor vehicles
33% Straight line
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
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
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.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 4 -
1.8
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, utilising the average cost method of valuation. 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.
1.9
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 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.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 5 -
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
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.
1.12
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 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.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 6 -
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
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.15
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the 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.
1.16
Dividends to the company's shareholders are recognised when they are approved for payment.
1.17
All costs are recognised in the profit and loss in the year in which they are incurred
1.18
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 7 -
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.
Goodwill
The company has recognised goodwill arising from business combinations with a carrying value of £nil (2022 - £14,912) at the reporting date. On acquisition the company determines a reliable estimate of the useful life of goodwill based upon factors such as expected use of the acquired business, forecasts of expected future results and cash flow, and any legal, regulatory or contractual provision that can limit useful life. At each subsequent reporting date the directors consider whether there are any factors such as changes in market conditions that indicate a need to reconsider the useful life of goodwill and intangible assets. This year the directors considered that the goodwill had no value which resulted in this years impairment.
Tangible fixed assets
The company has recognised tangible fixed assets with a carrying value of £232,987 at the reporting date (2022 - £154,333) which is detailed in note 6. Tangible assets are stated at their costs less provision for depreciation and impairment. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated deprecation and subsequent accumulated impairment losses.
In order to determine the fair value of tangible assets the company has used a valuation technique based on comparable market data. Valuations are obtained with sufficient regularity to ensure that the carrying value of revalued assets reflects current market conditions.
The company's accounting policy sets out the approach to calculating depreciation for tangible assets acquired. These estimates are based upon such factors as the expected use of the acquired asset and market conditions. At subsequent reporting dates the directors consider whether there are any factors such as changes in market conditions that indicate a need to reconsider the estimated used.
Where there are indications that the carrying value of tangible assets may be impaired the company undertakes tests to determine the recoverable amounts of assets. These tests require estimates for the fair value of asses less costs to sell and their value in use. Wherever possible the estimate of the fair value of assets is based upon observable market prices less the incremental costs of disposing the asset.
Taxation
A provision has been made in the financial statements for deferred tax amounting to £52,387 (2022 - £38,583) at the reporting date. The provision is based upon estimates of the availability of future taxable profits, the timing of the reversal of timing differences upon which the asset is based and the tax rates that will be in force at that time together with an assessment of the impact of the future tax planning strategies.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 8 -
3
Operating profit
2023
2022
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses
621
Depreciation of owned tangible fixed assets
63,214
16,858
Loss/(profit) on disposal of tangible fixed assets
2,846
(706)
Amortisation of intangible assets
4,161
4,161
Impairment of intangible assets
10,751
4
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
25
23
5
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2022 and 31 August 2023
20,807
Amortisation and impairment
At 1 September 2022
5,895
Amortisation charged for the year
4,161
Impairment losses
10,751
At 31 August 2023
20,807
Carrying amount
At 31 August 2023
At 31 August 2022
14,912
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 9 -
6
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2022
66,759
33,139
625
75,805
176,328
Additions
23,500
4,064
1,908
130,575
160,047
Disposals
(23,400)
(23,400)
At 31 August 2023
90,259
37,203
2,533
182,980
312,975
Depreciation and impairment
At 1 September 2022
3,359
7,605
316
10,715
21,995
Depreciation charged in the year
2,460
3,412
444
56,898
63,214
Eliminated in respect of disposals
(5,221)
(5,221)
At 31 August 2023
5,819
11,017
760
62,392
79,988
Carrying amount
At 31 August 2023
84,440
26,186
1,773
120,588
232,987
At 31 August 2022
63,400
25,534
309
65,090
154,333
Included within the carrying value of tangible assets is £107,673 (2022 - £25,863) of motor vehicles held under finance leases or hire purchase agreements.
7
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
8
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 September 2022
8
Disposals
(8)
At 31 August 2023
-
Carrying amount
At 31 August 2023
-
At 31 August 2022
8
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 10 -
8
Stocks
2023
2022
£
£
Finished goods and goods for resale
1,464,740
1,046,078
9
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,303,123
2,846,706
Amounts owed by connected companies
839,612
820,004
Other debtors
286,569
213,115
Prepayments and accrued income
51,926
28,714
4,481,230
3,908,539
10
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
183,991
100,000
Invoice discounting finance
2,209,346
2,055,774
Obligations under finance leases
12
34,179
5,447
Trade creditors
1,348,077
1,065,421
Amounts owed to group undertakings
467,467
632,932
Corporation tax
122,275
119,993
Other taxation and social security
200,967
109,975
Other creditors
13,994
45,653
Accruals and deferred income
575,065
177,977
5,155,361
4,313,172
Included within the above is a £100,000 (2022 - £100,000) bank loan and £2,209,346 (2022 - £2,055,774) invoice discounting finance, both of which are secured via fixed and floating charges, held by the lenders over the company's assets.
The hire purchase and finance lease creditors creditors are secured against the assets to whom they relate.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 11 -
11
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
183,333
283,333
Obligations under finance leases
12
80,337
17,955
263,670
301,288
The bank loan is secured via a fixed and floating charge held by the Bank over the company's assets.
This Coronavirus Business interruption loan's final repayment is due June 2026. Interest is payable at 3.25% p.a. above base rate, commencing from June 2021. The first 12 months of the loan was interest free.
12
Finance lease obligations
2023
2022
Future minimum lease payments due under finance leases:
£
£
Within one year
34,179
5,447
In two to five years
80,337
17,955
114,516
23,402
13
Capital commitments
Amounts contracted for but not provided in the financial statements:
2023
2022
£
£
Acquisition of tangible fixed assets
-
104,580
14
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
14
Related party transactions
(Continued)
- 12 -
Balance owed by/(owed to)
2023
2022
£
£
Loans owed to group companies
(407,126)
(429,126)
Loans owed from connected companies
827,004
820,004
Loan from shareholder - repaid this year
-
(36,667)
Other information
The loans detailed above are interest free, unsecured and have no fixed repayment schedules.
There were no other transactions carried out outside of the normal course of business.
15
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2023
2022
£
£
36,504
51,609
16
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr N Pope - loan
-
(2,251)
-
2,251
-
Mr T Adams-Pope - loan
-
-
(5,882)
-
(5,882)
(2,251)
(5,882)
2,251
(5,882)
17
Parent company
During the period under review, the company was under the ultimate control of its parent company, Merit Group Holdings Limited. Their registered office is Merit House, Units 1-4 Whitewall Road, Medway City Estate, Rochester, Kent, ME2 4WS.
MERIT INSULATION SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 13 -
18
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:
Mr Mark Attwood FCCA
Statutory Auditor:
Kreston Reeves LLP
Date of audit report:
29 August 2024
2023-08-312022-09-01false29 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr J D AshfordMr R J AshfordMr R AshfordMr S P WeekesMr N PopeMr R CordingleyMr T Adams-PopeMr S P Weekesfalsefalse116018312022-09-012023-08-31116018312023-08-31116018312022-08-3111601831core:NetGoodwill2023-08-3111601831core:NetGoodwill2022-08-3111601831core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-3111601831core:PlantMachinery2023-08-3111601831core:FurnitureFittings2023-08-3111601831core:MotorVehicles2023-08-3111601831core:LandBuildingscore:OwnedOrFreeholdAssets2022-08-3111601831core:PlantMachinery2022-08-3111601831core:FurnitureFittings2022-08-3111601831core:MotorVehicles2022-08-3111601831core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3111601831core:CurrentFinancialInstrumentscore:WithinOneYear2022-08-3111601831core:Non-currentFinancialInstrumentscore:AfterOneYear2023-08-3111601831core:Non-currentFinancialInstrumentscore:AfterOneYear2022-08-3111601831core:CurrentFinancialInstruments2023-08-3111601831core:CurrentFinancialInstruments2022-08-3111601831core:Non-currentFinancialInstruments2023-08-3111601831core:Non-currentFinancialInstruments2022-08-3111601831core:ShareCapital2023-08-3111601831core:ShareCapital2022-08-3111601831core:RetainedEarningsAccumulatedLosses2023-08-3111601831core:RetainedEarningsAccumulatedLosses2022-08-3111601831bus:Director22022-09-012023-08-3111601831core:Goodwill2022-09-012023-08-3111601831core:LandBuildingscore:OwnedOrFreeholdAssets2022-09-012023-08-3111601831core:PlantMachinery2022-09-012023-08-3111601831core:FurnitureFittings2022-09-012023-08-3111601831core:MotorVehicles2022-09-012023-08-31116018312021-09-012022-08-3111601831core:NetGoodwill2022-08-3111601831core:NetGoodwill2022-09-012023-08-3111601831core:LandBuildingscore:OwnedOrFreeholdAssets2022-08-3111601831core:PlantMachinery2022-08-3111601831core:FurnitureFittings2022-08-3111601831core:MotorVehicles2022-08-31116018312022-08-3111601831core:WithinOneYear2023-08-3111601831core:WithinOneYear2022-08-3111601831core:BetweenTwoFiveYears2023-08-3111601831core:BetweenTwoFiveYears2022-08-3111601831bus:PrivateLimitedCompanyLtd2022-09-012023-08-3111601831bus:SmallCompaniesRegimeForAccounts2022-09-012023-08-3111601831bus:FRS1022022-09-012023-08-3111601831bus:Audited2022-09-012023-08-3111601831bus:Director12022-09-012023-08-3111601831bus:Director32022-09-012023-08-3111601831bus:Director42022-09-012023-08-3111601831bus:Director52022-09-012023-08-3111601831bus:Director62022-09-012023-08-3111601831bus:Director72022-09-012023-08-3111601831bus:CompanySecretary12022-09-012023-08-3111601831bus:FullAccounts2022-09-012023-08-31xbrli:purexbrli:sharesiso4217:GBP