Company registration number 02585206 (England and Wales)
STALIS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
STALIS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 13
STALIS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,234,898
885,093
Tangible assets
4
38,431
42,916
1,273,329
928,009
Current assets
Debtors
5
2,791,259
1,011,936
Cash at bank and in hand
757,836
2,429,759
3,549,095
3,441,695
Creditors: amounts falling due within one year
6
(2,656,873)
(2,745,430)
Net current assets
892,222
696,265
Total assets less current liabilities
2,165,551
1,624,274
Creditors: amounts falling due after more than one year
7
(1,164,895)
(1,021,401)
Provisions for liabilities
9
(61,742)
(134,335)
Net assets
938,914
468,538
Capital and reserves
Called up share capital
11
168,911
146,938
Share premium account
22,542
5,202
Capital redemption reserve
106,469
106,469
Profit and loss reserves
640,992
209,929
Total equity
938,914
468,538

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 30 September 2024 and are signed on its behalf by:
J  Marshall
Director
Company Registration No. 02585206
STALIS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
As restated for the period ended 31 March 2023:
Balance at 1 April 2022
146,106
4,652
106,008
312,410
569,176
Prior period adjustment
-
550
461
(131,716)
(130,705)
As restated
146,106
5,202
106,469
180,694
438,471
Year ended 31 March 2023:
Profit and total comprehensive income for the year
-
-
-
29,235
29,235
Issue of share capital
11
832
-
0
-
-
832
Balance at 31 March 2023
146,938
5,202
106,469
209,929
468,538
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
-
431,063
431,063
Issue of share capital
11
21,973
17,340
-
-
39,313
Balance at 31 March 2024
168,911
22,542
106,469
640,992
938,914
STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Stalis Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5, Athena Court, Athena Drive, Tachbrook Park, Warwick, Warwickshire, United Kingdom, CV34 6RT.

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. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial position of the company is reflective of the business model of the group.true

 

At the time of approving the financial statements, and with the continued commitment of support across all entities, including this company, 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.

1.3
Turnover

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

Revenue from 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 it is probable will be recovered.

 

Revenue from license sales are recognised on a straight-line over the life of the contract.

 

Revenue charged on a time and materials basis is recognised in the period that the work is performed.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of 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.

1.6
Intangible fixed assets other than goodwill

Development expenditure relating to the application of research to plan/design new or substantially improved products for sale or use within the business is recognised as an intangible asset from the point at which it is probable the company has the ability to generate future econmic benefits.

 

Costs associated with the development of internally generated intangible assets are recognised once:

• The technical feasibility of completing the asset for use or sale has been confirmed;

• There is intention and ability to use or sell the asset;

• Future economic benefits are probable;

• There is certainty regarding the ability to complete the development for use or sale; and

The costs attributable to the development of the asset can be reliably measured.

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:

Development costs
20% straight line
1.7
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:

Plant and equipment
25% reducing balance

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.

1.8
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.

STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -

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

 

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

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

1.9
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

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.

STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
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.

1.13
Provisions

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.

STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 7 -
1.14
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.

1.15
Retirement benefits

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

1.16
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes model. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

 

Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.

1.17
Leases

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.

1.18

Related parties

The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.

1.19

Non-trading items

Exceptional items are those which are separately identified by virtue of their size or nature to allow a full understanding of the underlying performance of the company.

2
Employees

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

2024
2023
Number
Number
Total
30
24
STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
3
Intangible fixed assets
Goodwill
Other
Total
as restated
£
£
£
Cost
At 1 April 2023
213,767
2,043,048
2,256,815
Additions
-
0
696,828
696,828
Disposals
-
0
(156,325)
(156,325)
At 31 March 2024
213,767
2,583,551
2,797,318
Amortisation and impairment
At 1 April 2023
213,767
1,157,955
1,371,722
Amortisation charged for the year
-
0
365,928
365,928
Disposals
-
0
(175,230)
(175,230)
At 31 March 2024
213,767
1,348,653
1,562,420
Carrying amount
At 31 March 2024
-
0
1,234,898
1,234,898
At 31 March 2023
-
0
885,093
885,093

All assets are secured by fixed and floating charges relating to a group bank loan facility.

4
Tangible fixed assets
Plant and machinery etc
as restated
£
Cost
At 1 April 2023
122,069
Additions
19,927
Disposals
(38,173)
At 31 March 2024
103,823
Depreciation and impairment
At 1 April 2023
79,153
Depreciation charged in the year
20,604
Eliminated in respect of disposals
(34,365)
At 31 March 2024
65,392
Carrying amount
At 31 March 2024
38,431
At 31 March 2023
42,916
STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Tangible fixed assets
(Continued)
- 9 -

All assets are secured by fixed and floating charges relating to a group bank loan facility.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
672,652
831,902
Corporation tax recoverable
155,276
-
0
Amounts owed by group undertakings
1,715,686
-
0
Other debtors
247,645
180,034
2,791,259
1,011,936

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

 

All assets are secured by fixed and floating charges relating to a group bank loan facility.

6
Creditors: amounts falling due within one year
2024
2023
as restated
£
£
Bank loans
-
0
50,000
Trade creditors
37,357
40,232
Amounts owed to group undertakings
111,204
-
0
Taxation and social security
202,831
302,449
Other creditors
2,305,481
2,352,749
2,656,873
2,745,430

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7
Creditors: amounts falling due after more than one year
2024
2023
as restated
£
£
Bank loans and overdrafts
-
0
108,333
Other creditors
1,164,895
913,068
1,164,895
1,021,401
STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
8
Loans and overdrafts
2024
2023
£
£
Bank loans
-
0
158,333
Payable within one year
-
0
50,000
Payable after one year
-
0
108,333

During the year, the bank loan balance was repaid in full and the fixed and floating charges in favour of the bank were discharged.

9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
10
61,742
134,335
10
Deferred taxation

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

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
9,608
10,729
Tax losses
(181,054)
(97,667)
Other timing differences
233,188
221,273
61,742
134,335
2024
Movements in the year:
£
Liability at 1 April 2023
134,335
Credit to profit or loss
(72,593)
Liability at 31 March 2024
61,742
11
Called up share capital
2024
2023
2024
2023
as restated
as restated
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
168,839
146,866
168,911
146,938
STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11
Called up share capital
(Continued)
- 11 -

Called up share capital represents the nominal value of shares that have been issued.

 

On 26 January 2024, the company allotted 21,973 Ordinary shares for proceeds of £39,313 in relation to previously issued share options.

 

No share options were oustanding at 31 March 2024. The total charge for the year in relation to share-based payments was £Nil (2023: £Nil).

12
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.

 

Under the Companies Act 2006, the company was exempt from audit for the year ended 31 March 2023. As a consequence, the financial statements of the company for the year ended 31 March 2023, which form the basis for the corresponding figures presented in the current period's financial statements were unaudited. For the year ended 31 March 2024, the directors were no longer able to take advantage of the exemption from audit available under section 477 of the Companies Act 2006.

The auditor's report was unqualified.

Senior Statutory Auditor:
Claire Clift
Statutory Auditor:
Azets Audit Services
13
Financial commitments, guarantees and contingent liabilities

As at 31 March 2024, the company had total commitments, guarantees and contingencies of £5,500,000 (2023: N/A) in relation to a cross guarantee of a group bank loan and £1,210 (2023: £6,010) in relation to operating lease commitments of the company.

14
Parent company

Following the acquisition of the company on 26 January 2024 by Project Athena Bidco Limited, FPE Capital LLP is the company's ultimate controlling party, a limited liability partnership whose registered office is 2nd Floor, 7-9 Swallow Street, London, W1B 4DE.

 

Project Athena Bidco Limited is the company's immediate parent company, whose registered address is Unit 5 Athena Drive, Tachbrook Park, Warwick, England, CV34 6RT.

 

The smallest and largest group of which Stalis Limited is a member and for which group accounts are prepared is headed up by Project Athena Topco Limited, whose registered address is Unit 5 Athena Drive, Tachbrook Park, Warwick, England, CV34 6RT.

15
Prior period adjustment
STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15
Prior period adjustment
(Continued)
- 12 -
Reconciliation of changes in equity
1 April
31 March
2022
2023
£
£
Adjustments to prior year
Tangible fixed assets
-
15,514
Intangible fixed assets
-
(109,179)
Deferred taxation
(130,713)
(129,128)
Total adjustments
(130,713)
(222,793)
Equity as previously reported
569,184
691,331
Equity as adjusted
438,471
468,538
Analysis of the effect upon equity
Share premium
550
542
Capital redemption
461
461
Profit and loss reserves
(1,003)
(223,796)
Total
8
(222,793)
Reconciliation of changes in profit for the previous financial period
2023
£
Adjustments to prior year
Tangible fixed assets
15,514
Intangible fixed assets
(109,179)
Deferred taxation
1,585
Total adjustments
(92,080)
Profit as previously reported
121,315
Profit as adjusted
29,235
Notes to reconciliation
Reserves balances

Amounts previously recognised within share capital, share premium, retained earnings and capital redemption reserve were not in line with the underlying filings.

 

As a result, as at 31 March 2022 share premium has increased by £550, retained earnings reduced by £1,003 and capital redemption reserve increased by £461. The net impact on net assets of these adjustments is £8.

 

As at 31 March 2023 share premium increased by £542, retained earnings reduced by £1,003 and capital redemption reserve increased by £461. The net impact on net assets of these adjustments is £Nil.

STALIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15
Prior period adjustment
(Continued)
- 13 -
Deferred income

Amounts held in relation to deferred income had previously all been recognised as due in less than one year. Deferred income has been analysed so as to recognise amounts of £913,068 within creditors due in more than one year.

Tangible fixed assets

Amounts previously recognised in relation to tangible fixed assets were not in line with the underlying assets held. Accordingly amounts have been recognised so as to reduce the cost of tangible fixed assets carried forward by £43,362, depreciation carried forward of £58,876, recognise a profit on disposal of £15,513 and reduce other items of administrative expenditure by £1.

Intangible fixed assets

Amounts previously recognised in relation to intangible fixed assets were not in line with the underlying assets held. Accordingly amounts have been recognised so as to increase the value of amortisation carried forward as at 31 March 2023 by £109,179, with corresponding amounts recognised in administrative expenditure of £103,668 in relation to amortisation and £5,511 in relation to loss on disposal of assets.

Deferred taxation

Amounts recognised in relation to deferred tax liabilities have been increased by £129,128.

2024-03-312023-04-01false30 September 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityThis audit opinion is unqualifiedK L BryanE T JacksonJ C RookeJ MarshallP M WhiteMr P R GamstonA L McguckinMr N M StevensMr B R P WallhouseC V WhitehouseP M Whitefalsefalse025852062023-04-012024-03-31025852062024-03-31025852062023-03-3102585206core:NetGoodwill2024-03-3102585206core:IntangibleAssetsOtherThanGoodwill2024-03-3102585206core:NetGoodwill2023-03-3102585206core:IntangibleAssetsOtherThanGoodwill2023-03-3102585206core:OtherPropertyPlantEquipment2024-03-3102585206core:OtherPropertyPlantEquipment2023-03-3102585206core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3102585206core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3102585206core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3102585206core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3102585206core:ShareCapital2024-03-3102585206core:ShareCapital2023-03-3102585206core:SharePremium2024-03-3102585206core:SharePremium2023-03-3102585206core:CapitalRedemptionReserve2024-03-3102585206core:CapitalRedemptionReserve2023-03-3102585206core:RetainedEarningsAccumulatedLosses2024-03-3102585206core:RetainedEarningsAccumulatedLosses2023-03-3102585206core:SharePremiumcore:PriorPeriodIncreaseDecrease2022-03-3102585206core:CapitalRedemptionReservecore:PriorPeriodIncreaseDecrease2022-03-3102585206core:RetainedEarningsAccumulatedLossescore:PriorPeriodIncreaseDecrease2022-03-3102585206core:ShareCapital2022-03-3102585206core:SharePremium2022-03-3102585206core:CapitalRedemptionReserve2022-03-3102585206core:RetainedEarningsAccumulatedLosses2022-03-3102585206bus:Director42023-04-012024-03-3102585206core:RetainedEarningsAccumulatedLosses2022-04-012023-03-31025852062022-04-012023-03-3102585206core:RetainedEarningsAccumulatedLosses2023-04-012024-03-3102585206core:ShareCapital2022-04-012023-03-3102585206core:SharePremium2022-04-012023-03-3102585206core:ShareCapital2023-04-012024-03-3102585206core:SharePremium2023-04-012024-03-3102585206core:Goodwill2023-04-012024-03-3102585206core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3102585206core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-012024-03-3102585206core:PlantMachinery2023-04-012024-03-3102585206core:NetGoodwill2023-03-3102585206core:IntangibleAssetsOtherThanGoodwill2023-03-31025852062023-03-3102585206core:NetGoodwill2023-04-012024-03-3102585206core:OtherPropertyPlantEquipment2023-03-3102585206core:OtherPropertyPlantEquipment2023-04-012024-03-3102585206core:CurrentFinancialInstruments2024-03-3102585206core:CurrentFinancialInstruments2023-03-3102585206core:WithinOneYear2024-03-3102585206core:WithinOneYear2023-03-3102585206core:Non-currentFinancialInstruments2024-03-3102585206core:Non-currentFinancialInstruments2023-03-3102585206bus:PrivateLimitedCompanyLtd2023-04-012024-03-3102585206bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102585206bus:FRS1022023-04-012024-03-3102585206bus:Audited2023-04-012024-03-3102585206bus:Director12023-04-012024-03-3102585206bus:Director22023-04-012024-03-3102585206bus:Director32023-04-012024-03-3102585206bus:Director52023-04-012024-03-3102585206bus:Director62023-04-012024-03-3102585206bus:Director72023-04-012024-03-3102585206bus:Director82023-04-012024-03-3102585206bus:Director92023-04-012024-03-3102585206bus:Director102023-04-012024-03-3102585206bus:CompanySecretary12023-04-012024-03-3102585206bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP