Company registration number 02913191 (England and Wales)
Datagraphic Limited
Annual report and
financial statements
for the year ended 31 December 2023
Datagraphic Limited
Company Information
Directors
R G King
R P Hoon
E Wells
Secretary
B W Spooner
Company number
02913191
Registered office
Ireland Industrial Estate
Adelphi Way
Chesterfield
Derbyshire
S43 3LS
Auditor
B M Howarth Ltd
West House
King Cross Road
Halifax
West Yorkshire
HX1 1EB
Bankers
Handelsbanken
First Floor
Spire Walk
Chesterfield
Derbyshire
S40 2WG
Datagraphic Limited
Contents
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Statement of income and retained earnings
8
Statement of financial position
9
Notes to the financial statements
10 - 18
Datagraphic Limited
Strategic Report
for the year ended 31 December 2023
- 1 -

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

Review of the business

Datagraphic Limited ("the company") is an operational company within the Datagraphic Group of companies, the ultimate parent company is Datagraphic Holdings Limited.

 

The principal activities of the company include the provision of strategic document outsourcing through a multi-channel platform and the provision of solutions in data driven services and products for secure critical communications.

 

The company continues to develop Aceni, an online suite of products facilitating document automation, control, and output, allowing customers to manage time critical communications online and seamlessly.

Key performance indicators
31 Dec
31 Dec
2023
2022
Turnover
18,508,841
16,195,876
Gross profit
4,690,675
4,429,471
Gross profit margin
25.34%
27.35%
EBITDA
1,490,982
1,486,691
Cash at bank
753,119
947,507

The company performed well throughout 2023 with turnover has increasing by 14.28% to £18.51m and gross profit at £4.59m. Further investment in the team and infrastructure meant overall EBITDA, still healthy at £1.34m was slightly lower year on year.

The following strategic initiatives will shape the company's future:

 

The directors remain confident in the group ability to capitalise on its strengths and changing dynamics in the marketplace to see continued growth in sales over the next 36 months.

The growth of the company is linked to the growth of our employees, by investing in our employee’s development we believe we will create a cycle of improved performance and product development.

The Group continues to pay above the Real Living Wage and is a certified Living Hours Employer.

Datagraphic Limited
Strategic Report (continued)
for the year ended 31 December 2023
- 2 -

On behalf of the board

R G King
Director
12 September 2024
Datagraphic Limited
Directors' Report
for the year ended 31 December 2023
- 3 -

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

Principal activities

The principal activity of the company continued to be that of data processing and hosting.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £76,400. The directors do not recommend payment of a final dividend.

Directors

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

R G King
R P Hoon
E Wells
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the 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 these financial statements, the directors are required to:

 

 

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

Datagraphic Limited
Directors' Report (continued)
for the year ended 31 December 2023
- 4 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
R G King
Director
12 September 2024
Datagraphic Limited
Independent Auditor's Report
to the members of Datagraphic Limited
- 5 -
Opinion

We have audited the financial statements of Datagraphic Limited (the 'company') for the year ended 31 December 2023 which comprise the statement of income and retained earnings, the statement of financial position 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 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 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:

Datagraphic Limited
Independent Auditor's Report (continued)
to the members of Datagraphic Limited
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its 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 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 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.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error.

 

There are inherent limitations in audit procedures, the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

Based on our understanding of the company and the sector in which it operates, our audit work considers the risk of material misstatement on the financial statements as a result of non-compliance with laws and regulations, this includes fraud. These laws and regulations include, but are not limited to, those that relate to the form and content of the financial statements, such as the company accounting policies, the financial reporting framework and the UK Companies Act 2006.

 

We evaluated management incentives and opportunities for manipulation of the financial statements and determined that the principal risks related to management bias in accounting estimates and understatement or overstatement of revenue. Our audit procedures included, but were not limited to:

 

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.

Datagraphic Limited
Independent Auditor's Report (continued)
to the members of Datagraphic Limited
- 7 -

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.

Charles R Moorby
Senior Statutory Auditor
For and on behalf of B M Howarth Ltd
Chartered Accountants
Statutory Auditor
West House
King Cross Road
Halifax
West Yorkshire
HX1 1EB
12 September 2024
Datagraphic Limited
Statement of Income and Retained Earnings
for the year ended 31 December 2023
- 8 -
2023
2022
Notes
£
£
Turnover
2
18,508,841
16,195,876
Cost of sales
(13,818,166)
(11,766,405)
Gross profit
4,690,675
4,429,471
Administrative expenses
(3,590,319)
(3,352,872)
Operating profit
3
1,100,356
1,076,599
Interest payable
7
(91,594)
(38,613)
Profit before taxation
1,008,762
1,037,986
Tax on profit
8
(173,596)
(210,123)
Profit for the financial year
835,166
827,863
Retained earnings brought forward
3,612,787
2,850,324
Dividends
9
(76,400)
(65,400)
Retained earnings carried forward
4,371,553
3,612,787

The income statement has been prepared on the basis that all operations are continuing operations.

Datagraphic Limited
Statement of financial position
as at 31 December 2023
- 9 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
10
602,949
472,534
Tangible assets
11
1,537,258
1,746,137
Investments
12
1
1
2,140,208
2,218,672
Current assets
Stocks
13
186,265
308,108
Debtors
14
5,710,522
5,361,520
Cash at bank and in hand
753,119
947,507
6,649,906
6,617,135
Creditors: amounts falling due within one year
15
(3,411,901)
(4,575,116)
Net current assets
3,238,005
2,042,019
Total assets less current liabilities
5,378,213
4,260,691
Creditors: amounts falling due after more than one year
16
(519,919)
(150,493)
Provisions for liabilities
18
(286,741)
(297,411)
Net assets
4,571,553
3,812,787
Capital and reserves
Called up share capital
19
200,000
200,000
Profit and loss reserves
4,371,553
3,612,787
Total equity
4,571,553
3,812,787

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 12 September 2024 and are signed on its behalf by:
R G King
Director
Company registration number 02913191 (England and Wales)
Datagraphic Limited
Notes to the financial statements
for the year ended 31 December 2023
- 10 -
1
Accounting policies
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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

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:

 

* No cash flow statement has been presented for the company

* Disclosures in respect of financial instruments have not been presented

* No disclosure has been given for the aggregate remuneration of key management personnel.

Going concern

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

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 is recognised when goods have been dispatched.

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.

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 Development Costs
4 years
Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
1
Accounting policies
(continued)
- 11 -
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

Leasehold land and buildings
Over the term of the lease
Plant and equipment
10% to 50% straight line
Computers
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.

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.

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.

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.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The 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.

Retirement benefits

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

Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
1
Accounting policies
(continued)
- 12 -
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 statement of financial position 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.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Turnover
2023
2022
£
£
Turnover analysed by class of business
Rendering of services
18,508,841
16,195,876

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

3
Operating profit
2023
2022
Operating profit for the year is stated after charging/(crediting):
£
£
Audit Fees
18,200
18,200
Depreciation of owned tangible fixed assets
260,208
185,865
Profit on disposal of tangible fixed assets
-
(5,000)
Amortisation of intangible assets
130,418
224,227
Operating lease charges
281,333
137,875
Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 13 -
4
Employees

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

2023
2022
Number
Number
Production staff
41
40
Administrative staff
44
44
Total
85
84

Their aggregate remuneration comprised:

2023
2022
£
£
Wages and salaries
2,592,157
2,621,727
Social security costs
292,440
266,601
Pension costs
126,634
131,943
3,011,231
3,020,271
5
Directors' remuneration
2023
2022
£
£
Remuneration for qualifying services
12,444
12,936
Company pension contributions to defined contribution schemes
66,111
57,900
78,555
70,836
6
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss
126,634
131,943
7
Interest payable
2023
2022
£
£
Interest on finance leases
87,045
38,613
Other interest
4,549
-
0
91,594
38,613
Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 14 -
8
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
184,266
104,880
Adjustments in respect of prior periods
-
0
(48,484)
Total current tax
184,266
56,396
Deferred tax
Origination and reversal of timing differences
(7,818)
103,218
Changes in tax rates
(2,852)
71,378
Adjustment in respect of prior periods
-
0
(20,869)
Total deferred tax
(10,670)
153,727
Total tax charge
173,596
210,123

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
1,008,762
1,037,986
Expected tax charge based on the standard rate of corporation tax in the UK of 23.52% (2022: 19.00%)
237,261
197,217
Tax effect of expenses that are not deductible in determining taxable profit
(35,414)
6,360
Adjustments in respect of prior years
-
0
(48,484)
Group relief
(52,022)
-
0
Depreciation on assets not qualifying for tax allowances
(10,877)
-
0
Deferred tax adjustments in respect of prior years
37,500
20,869
Effect of change in tax rate for deferred tax
(2,852)
71,378
Effect of enhanced capital allowances
-
0
(37,217)
Taxation charge for the year
173,596
210,123
9
Dividends
2023
2022
£
£
Interim paid
76,400
65,400
Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 15 -
10
Intangible fixed assets
Software Development Costs
£
Cost
At 1 January 2023
1,066,994
Additions - internally developed
260,833
At 31 December 2023
1,327,827
Amortisation and impairment
At 1 January 2023
594,460
Amortisation charged for the year
130,418
At 31 December 2023
724,878
Carrying amount
At 31 December 2023
602,949
At 31 December 2022
472,534
11
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Computers
Total
£
£
£
£
Cost
At 1 January 2023
715,030
1,410,367
189,359
2,314,756
Additions
16,641
28,428
52,508
97,577
Disposals
-
0
(46,248)
-
0
(46,248)
At 31 December 2023
731,671
1,392,547
241,867
2,366,085
Depreciation and impairment
At 1 January 2023
306,869
195,600
66,150
568,619
Depreciation charged in the year
78,780
144,782
36,646
260,208
At 31 December 2023
385,649
340,382
102,796
828,827
Carrying amount
At 31 December 2023
346,022
1,052,165
139,071
1,537,258
At 31 December 2022
408,161
1,214,767
123,209
1,746,137
Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 16 -
12
Fixed asset investments
2023
2022
£
£
Investments in subsidiaries
1
1

The subsidiary is Bottomline Security Print Limited. The company owns 100% of the share capital.

13
Stocks
2023
2022
£
£
Raw materials and consumables
176,192
283,517
Work in progress
10,073
24,591
186,265
308,108
14
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,234,740
1,593,197
Amounts owed by group undertakings
2,818,996
3,328,668
Other debtors
288,520
181,674
Prepayments and accrued income
368,266
257,981
5,710,522
5,361,520
15
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Bank loans and overdrafts
17
1,290,293
674,606
Obligations under finance leases
103,662
136,009
Trade creditors
943,331
1,625,716
Amounts owed to group undertakings
-
0
1,037,373
Corporation tax
293,646
123,954
Other taxation and social security
178,319
153,157
Other creditors
204,879
204,018
Accruals and deferred income
397,771
620,283
3,411,901
4,575,116

The overdraft facility represents a sales finance agreement between Datagraphic Limited and Investec Capital Solutions Limited. This agreement is secured by an asset debenture dated 31 December 2021.

 

The finance leases are secured on the assets to which they relate.

Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 17 -
16
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
17
87,993
150,493
Obligations under finance leases
431,926
-
0
519,919
150,493

The finance leases are secured on the assets to which they relate.

17
Loans and overdrafts
2023
2022
£
£
Bank loans
150,493
212,993
Bank overdrafts
1,227,793
612,106
1,378,286
825,099
Payable within one year
1,290,293
674,606
Payable after one year
87,993
150,493
18
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
324,241
372,411
General provision
(37,500)
(75,000)
286,741
297,411
2023
Movements in the year:
£
Liability at 1 January 2023
297,411
Credit to profit or loss
(10,670)
Liability at 31 December 2023
286,741
Datagraphic Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 18 -
19
Share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
200,000 Ordinary shares of £1 each
200,000
200,000
20
Operating lease commitments
Lessee

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

2023
2022
£
£
Within one year
811,637
781,377
Between two and five years
1,264,192
1,264,192
In over five years
424,107
424,107
2,499,936
2,469,676
21
Related party transactions

The company is exempt from disclosing related party transactions with group companies as its results are included in the consolidated accounts of its ultimate parent undertaking, Datagraphic Holdings Limited.

 

In the directors' opinion, no other transactions with relates parties were undertaken which are required to be disclosed under the Financial Reporting Standards.

22
Controlling party

The company is a wholly owned subsidiary undertaking of Trading Transformations Limited, a company registered in England & Wales. In turn, Trading Transformations is a wholly owned subsidiary undertaking of Datagraphic Holdings Limited, also registered in England and Wales, and the ultimate parent undertaking.

 

The smallest and largest parent preparing consolidated financial statements including this company is Datagraphic Holdings Limited, these accounts are available at Companies House.

23
Company information

Datagraphic Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ireland Industrial Estate, Adelphi Way, Chesterfield, Derbyshire, S43 3LS.

2023-12-312023-01-01falseCCH SoftwareCCH Accounts Production 2024.200R G KingR P HoonE WellsB W Spoonerfalsefalse029131912023-01-012023-12-3102913191bus:Director12023-01-012023-12-3102913191bus:Director22023-01-012023-12-3102913191bus:Director32023-01-012023-12-3102913191bus:CompanySecretary12023-01-012023-12-3102913191bus:RegisteredOffice2023-01-012023-12-3102913191bus:Agent12023-01-012023-12-31029131912022-01-012022-12-31029131912023-12-31029131912022-12-3102913191core:RetainedEarningsAccumulatedLosses2022-12-3102913191core:RetainedEarningsAccumulatedLosses2021-12-3102913191core:ShareCapital2023-12-3102913191core:ShareCapital2022-12-3102913191core:RetainedEarningsAccumulatedLosses2023-12-3102913191core:RetainedEarningsAccumulatedLosses2022-12-3102913191core:RetainedEarningsAccumulatedLosses2022-01-012022-12-3102913191core:OtherResidualIntangibleAssets2023-12-3102913191core:OtherResidualIntangibleAssets2022-12-3102913191core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3102913191core:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3102913191core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-12-3102913191core:PlantMachinery2023-12-3102913191core:ComputerEquipment2023-12-3102913191core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3102913191core:PlantMachinery2022-12-3102913191core:ComputerEquipment2022-12-3102913191core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3102913191core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3102913191core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3102913191core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3102913191core:CurrentFinancialInstruments2023-12-3102913191core:CurrentFinancialInstruments2022-12-3102913191core:Non-currentFinancialInstruments2023-12-3102913191core:Non-currentFinancialInstruments2022-12-3102913191core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3102913191core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3102913191core:LandBuildingscore:LongLeaseholdAssets2023-01-012023-12-3102913191core:PlantMachinery2023-01-012023-12-3102913191core:ComputerEquipment2023-01-012023-12-310291319112023-01-012023-12-310291319112022-01-012022-12-3102913191core:UKTax2023-01-012023-12-3102913191core:UKTax2022-01-012022-12-310291319122023-01-012023-12-310291319122022-01-012022-12-310291319132023-01-012023-12-310291319132022-01-012022-12-3102913191core:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3102913191core:DevelopmentCostsCapitalisedDevelopmentExpenditurecore:InternallyGeneratedIntangibleAssets2023-01-012023-12-3102913191core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3102913191core:PlantMachinery2022-12-3102913191core:ComputerEquipment2022-12-31029131912022-12-3102913191core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-01-012023-12-3102913191core:WithinOneYear2023-12-3102913191core:WithinOneYear2022-12-3102913191core:BetweenTwoFiveYears2023-12-3102913191core:BetweenTwoFiveYears2022-12-3102913191core:MoreThanFiveYears2023-12-3102913191core:MoreThanFiveYears2022-12-3102913191bus:PrivateLimitedCompanyLtd2023-01-012023-12-3102913191bus:FRS1022023-01-012023-12-3102913191bus:Audited2023-01-012023-12-3102913191bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP