Company registration number 00677804 (England and Wales)
CON MECH ENGINEERS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CON MECH ENGINEERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 10
CON MECH ENGINEERS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
8,660
14,321
Tangible assets
5
1,971,883
1,682,560
1,980,543
1,696,881
Current assets
Stocks
1,658,018
2,318,638
Debtors
6
1,174,861
1,389,719
Cash at bank and in hand
27,753
13,732
2,860,632
3,722,089
Creditors: amounts falling due within one year
7
(771,444)
(1,201,152)
Net current assets
2,089,188
2,520,937
Total assets less current liabilities
4,069,731
4,217,818
Creditors: amounts falling due after more than one year
8
-
0
(18,660)
Provisions for liabilities
(446,600)
(355,470)
Net assets
3,623,131
3,843,688
Capital and reserves
Called up share capital
500,000
500,000
Profit and loss reserves
3,123,131
3,343,688
Total equity
3,623,131
3,843,688

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 9 September 2024 and are signed on its behalf by:
Mr D Waine
Director
Company Registration No. 00677804
CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Con Mech Engineers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Harelaw Industrial Estate, Annfield Plain, Stanley, DH9 8UR.

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 £1.

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

The company has taken advantage of the exemption conferred by section 33.11 of FRS 102 allowing it not to disclose transactions and balance within its group, on the grounds that those entities are related by virtue of having the same control as defined in 33.11(b).

 

The financial statements of the company are consolidated in the financial statements of Con Mech Holdings Limited. These consolidated financial statements are available from its registered office, Dodsworth Street, Darlington, DL1 2NJ.

1.2
Going concern

The directors have considered all factors, including in the wider economy, as part of their assessment of going concern. Budgets and cashflows have been prepared using assumptions for customer demand and supply chain costs as well as expectations for legal and regulatory environmental impacts. These budgets and cashflows indicate continuing profitability and cash generation, consequently the directors believe on balance that they have sufficient resources to enable trading to continue for a period of at least one year from the date of approval of the financial statements. Accordingly, these financial statements have been prepared on the going concern basis.

1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised on dispatch.

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), 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.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
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
Shorter of the life of the licence or 5 years
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:

Buildings and leasehold improvements
10% reducing balance and 20% straight line
Plant and machinery
6.67% and 20% straight line, 10% and 20% reducing balance
Fixtures, fittings and equipment
10% reducing balance and 20% straight line
Motor vehicles
25% reducing balance

Assets under construction are not depreciated until the completed asset is available for, or brought into, use.

 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -

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

1.7
Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value. Cost includes direct expenditure on raw materials and, in the case of work in progress and finished goods, direct labour, energy, sub-contracted services and the appropriate allocation of production overheads. Provision is made where necessary for obsolete, slow moving and defective stocks.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments’ 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.

Fair value measurement of financial instruments

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.

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.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

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.

CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and loans from fellow group companies, 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 receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

 

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

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

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

 

Certain of the activities of the company are eligible for the enhanced taxation reliefs available under the research and development tax regime. A tax asset is only recognised in respect of research and development tax credits when the amount can be reliably measured and receipt is considered probable, which is usually upon completion of the necessary tax return. Accordingly, the company at the balance sheet date may have entitlement to tax credits for which credit is not recognised in the balance sheet as the recognition criteria of the accounting policy have not been met.

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.

 

Where the calculation of current tax includes significant uncertainties, the directors apply a point estimate in the calculation of the tax charge and associated asset or liability. This is calculated based on agreement with tax authorities over accepted estimates and adjustments to the company's taxable profits, with the directors considering it probable that a similar outcome will be obtained in the current year by adopting the same estimation methodology, and accordingly have provided for the associated tax relief on the grounds that it is probable this will be received.

CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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 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.

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.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 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.

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.

Depreciation and assets under construction

The company incurs expenditure on creating tangible fixed assets for use in the primary trade. The cost is determined by reference to the directly attributable costs which bring the fixed asset to working condition for its intended use, with costs being incurred over several months. Management believe it is possible to segregate these costs into identifiable projects, and as such no depreciation is charged on a project until the asset is brought into use. This expenditure is therefore capitalised as a fixed asset and, once in use, depreciated in line with the relevant depreciation policy.

 

The depreciation policy has been set according to management's experience of the useful lives and residual values of assets in each category, something which is reviewed annually. It is not considered practical to use a per unit basis to allocate depreciation without undue cost and therefore amounts are charged annually. The depreciation charged during the year was £234,616 (2022 - £262,726) which the directors feel is a fair reflection of the benefits derived from the consumption of the tangible fixed assets in use during the period.

Stock overhead cost absorption and provisions

The company converts raw materials to finished goods. Stock values include any costs such as labour and overheads attributable to generating finished goods, as management believe this is the most suitable costing method to take into account the matching concept of accounting.

 

The company has a high reliance on metal commodities and is therefore exposed to fluctuations in the commodity market leaving its stock exposed to losses compared to replacement cost. Management also have regard to this exposure in calculating the net realisable value of stock, and make a suitable provision as necessary. Stock provisions also expense any absorbed overheads as necessary.

3
Employees

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

2023
2022
Number
Number
Total
53
52
CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
4
Intangible fixed assets
Other
£
Cost
At 1 January 2023 and 31 December 2023
132,003
Amortisation and impairment
At 1 January 2023
117,682
Amortisation charged for the year
5,661
At 31 December 2023
123,343
Carrying amount
At 31 December 2023
8,660
At 31 December 2022
14,321
5
Tangible fixed assets
Buildings and leasehold improvements
Assets under construction
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2023
458,346
81,225
5,903,815
225,379
42,960
6,711,725
Additions
-
0
501,983
-
0
-
0
58,069
560,052
Disposals
-
0
-
0
(133,535)
-
0
(42,959)
(176,494)
Transfers
-
0
(170,135)
163,087
7,048
-
0
-
0
At 31 December 2023
458,346
413,073
5,933,367
232,427
58,070
7,095,283
Depreciation and impairment
At 1 January 2023
247,875
-
0
4,551,906
201,282
28,102
5,029,165
Depreciation charged in the year
20,833
-
0
202,975
4,843
5,965
234,616
Eliminated in respect of disposals
-
0
-
0
(109,945)
-
0
(30,436)
(140,381)
At 31 December 2023
268,708
-
0
4,644,936
206,125
3,631
5,123,400
Carrying amount
At 31 December 2023
189,638
413,073
1,288,431
26,302
54,439
1,971,883
At 31 December 2022
210,471
81,225
1,351,909
24,097
14,858
1,682,560
CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
Tangible fixed assets
(Continued)
- 9 -

The net carrying amount of tangible fixed assets includes the following in respect of assets held under finance leases of hire purchase contracts:

 

Motor vehicles - £- (2022 - £13,732)

Other assets - £118,031 (2022 - £145,403)

 

Assets under construction relate to assets generated in house which are not ready for use. Each asset generates a new project code which is monitored and once ready for use by the company, is transferred to the relevant classification of asset, at a cost which includes all attributable expenditure. The asset is then depreciated in line with the relevant accounting policy.

6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
865,752
1,287,853
Amounts owed by group undertakings
140,805
16,641
Other debtors
168,304
85,225
1,174,861
1,389,719
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
125,498
144,041
Trade creditors
256,831
529,529
Amounts owed to group undertakings
59,518
5,576
Taxation and social security
78,534
356,376
Other creditors
251,063
165,630
771,444
1,201,152

Bank borrowings are secured against the assets of the company and by a cross-guarantee as detailed in note 9.

 

Other creditors includes £20,854 (2022 - £27,605) relating to finance leases and hire purchases which are secured on the assets to which they relate.

8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
-
0
18,660

Other creditors includes £nil (2022 - £18,660) relating to finance leases and hire purchases due in over one year which are secured on the assets to which they relate.

CON MECH ENGINEERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
9
Financial commitments, guarantees and contingent liabilities

The company is party to a group guarantee over any bank overdrafts which may from time to time arise. At the year end, bank overdrafts of relevant group companies totalled £677,173 (2022 - £670,454), although at the year end the group as a whole had net cash at bank.

 

As at the date of approval of the financial statements, no default has occurred which would trigger the above liability, nor is one anticipated. As such, the directors consider that the fair value of this obligation is £nil, and as such there is no recognition of a liability on the balance sheet.

10
Operating lease commitments
Lessee

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

2023
2022
£
£
306,440
18,179
11
Related party transactions
Transactions with related parties
Other information

The company has taken advantage of the disclosure exemptions of Section 33.1A of FRS 102 which permit it to not present details of its transactions with members of the group headed by Con Mech Group Limited where relevant group companies are all wholly owned. Details of outstanding balances as at the year end are given in notes 6 and 7.

12
Parent company

The immediate parent company is Con Mech Group Limited and the ultimate parent company and controlling party is Con Mech Holdings Limited. Con Mech Holdings Limited is the smallest and largest group into which these financial statements are consolidated, and these group accounts can be obtained from its registered office Dodsworth Street, Darlington, County Durham DL1 2NJ.

13
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.

The audit report was signed on 27 June 2023.
The senior statutory auditor was Alan Sidebottom and the auditor was Azets Audit Services Limited.
2023-12-312023-01-01false09 September 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedMr R H S DilleyDr J C DilleyMr R J DilleyMr D NeilMrs S HaygarthMr N KellyD WaineMrs C AmesMr R J DilleyfalsefalseAlex SidebottomAzets Audit Services Limited006778042023-01-012023-12-31006778042023-12-31006778042022-12-3100677804core:IntangibleAssetsOtherThanGoodwill2023-12-3100677804core:IntangibleAssetsOtherThanGoodwill2022-12-3100677804core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-12-3100677804core:ConstructionInProgressAssetsUnderConstruction2023-12-3100677804core:PlantMachinery2023-12-3100677804core:FurnitureFittings2023-12-3100677804core:MotorVehicles2023-12-3100677804core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3100677804core:ConstructionInProgressAssetsUnderConstruction2022-12-3100677804core:PlantMachinery2022-12-3100677804core:FurnitureFittings2022-12-3100677804core:MotorVehicles2022-12-3100677804core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3100677804core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3100677804core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3100677804core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3100677804core:CurrentFinancialInstruments2023-12-3100677804core:CurrentFinancialInstruments2022-12-3100677804core:ShareCapital2023-12-3100677804core:ShareCapital2022-12-3100677804core:RetainedEarningsAccumulatedLosses2023-12-3100677804core:RetainedEarningsAccumulatedLosses2022-12-3100677804bus:Director62023-01-012023-12-3100677804core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3100677804core:ComputerSoftware2023-01-012023-12-3100677804core:LandBuildingscore:LongLeaseholdAssets2023-01-012023-12-3100677804core:PlantMachinery2023-01-012023-12-3100677804core:FurnitureFittings2023-01-012023-12-3100677804core:MotorVehicles2023-01-012023-12-31006778042022-01-012022-12-3100677804core:IntangibleAssetsOtherThanGoodwill2022-12-3100677804core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3100677804core:ConstructionInProgressAssetsUnderConstruction2022-12-3100677804core:PlantMachinery2022-12-3100677804core:FurnitureFittings2022-12-3100677804core:MotorVehicles2022-12-31006778042022-12-3100677804core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-01-012023-12-3100677804core:ConstructionInProgressAssetsUnderConstruction2023-01-012023-12-3100677804core:WithinOneYear2023-12-3100677804core:WithinOneYear2022-12-3100677804core:Non-currentFinancialInstruments2023-12-3100677804core:Non-currentFinancialInstruments2022-12-3100677804bus:PrivateLimitedCompanyLtd2023-01-012023-12-3100677804bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100677804bus:FRS1022023-01-012023-12-3100677804bus:Audited2023-01-012023-12-3100677804bus:Director12023-01-012023-12-3100677804bus:Director22023-01-012023-12-3100677804bus:Director32023-01-012023-12-3100677804bus:Director42023-01-012023-12-3100677804bus:Director52023-01-012023-12-3100677804bus:Director72023-01-012023-12-3100677804bus:Director82023-01-012023-12-3100677804bus:CompanySecretary12023-01-012023-12-3100677804bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP