Company registration number 08153365 (England and Wales)
INTELLICENTRICS UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
INTELLICENTRICS UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 11
INTELLICENTRICS UK LTD
BALANCE SHEET
- 1 -
2023
Restated
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,441,887
1,704,049
Tangible assets
4
60,687
59,164
1,502,574
1,763,213
Current assets
Debtors
5
1,213,485
420,026
Cash at bank and in hand
169,490
341,951
1,382,975
761,977
Creditors: amounts falling due within one year
6
(10,751,007)
(6,617,210)
Net current liabilities
(9,368,032)
(5,855,233)
Total assets less current liabilities
(7,865,458)
(4,092,020)
Creditors: amounts falling due after more than one year
7
(536,319)
(3,928,868)
Net liabilities
(8,401,777)
(8,020,888)
Capital and reserves
Called up share capital
1,314,837
1,314,837
Capital contribution reserve
202,039
130,125
Profit and loss reserves
(9,918,653)
(9,465,850)
Total equity
(8,401,777)
(8,020,888)
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 22 October 2024 and are signed on its behalf by:
Mr H Doetsch
Director
Company Registration No. 08153365
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information
Intellicentrics UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Mccarthy Tetrault, 1 Angel Court, 18th Floor, London, EC2R 7HJ.
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, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The company is controlled by the ultimate parent company, Intellicentrics Global Holdings, a company incorporated in the Cayman Islands. This is the largest and smallest group of undertakings for which group accounts including Intellicentrics UK Ltd are drawn up.
The immediate parent undertaking is Inception Point Systems Ltd, a company registered in the United Kingdom. The registered office is C/O Mccarthy Tetrault, 1 Angel Court, 18th Floor, London, EC2R 7HJ.
The group consolidated accounts are available from the Intellicentrics Global Holdings website and from Companies House.
1.2
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.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for 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 professional 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.
1.4
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprehensive income over its useful economic life.
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.
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
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
33.33% straight line
Computers
33.33% straight line
eBadge
50% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.7
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.
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
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.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies 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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 5 -
1.9
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.
The capital contribution reserve relates to restricted share awards and share options granted to employees in the entity but in relation to shares in the ultimate parent company. See notes 8 and 9 for further details.
1.10
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.
1.11
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.
1.12
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13
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.
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 6 -
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.
1.14
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.
1.15
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
17
20
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
2,621,615
Amortisation and impairment
At 1 July 2022
917,566
Amortisation charged for the year
262,162
At 30 June 2023
1,179,728
Carrying amount
At 30 June 2023
1,441,887
At 30 June 2022
1,704,049
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 7 -
4
Tangible fixed assets
Plant and machinery etc
eBadge
Total
£
£
£
Cost
At 1 July 2022
118,298
75,904
194,202
Additions
21,075
34,543
55,618
Disposals
(18,664)
(18,664)
At 30 June 2023
120,709
110,447
231,156
Depreciation and impairment
At 1 July 2022
112,899
22,139
135,038
Depreciation charged in the year
7,507
46,588
54,095
Eliminated in respect of disposals
(18,664)
(18,664)
At 30 June 2023
101,742
68,727
170,469
Carrying amount
At 30 June 2023
18,967
41,720
60,687
At 30 June 2022
5,399
53,765
59,164
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,084,653
293,600
Other debtors
128,832
126,426
1,213,485
420,026
Amounts owed by group are non-interest bearing and repayable on demand.
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
91,817
78,093
Amounts owed to group undertakings
9,872,379
5,751,377
Taxation and social security
95,621
98,953
Other creditors
691,190
688,787
10,751,007
6,617,210
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 8 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings
536,319
3,928,868
Amounts owed to group undertakings accrue interest at a rate of 5% and are repayable either 1 year or 5 years from inception.
8
Restricted Stock Awards
118,942 restricted stock awards were issued on 18 Jan 2021. These become unrestricted in 2 instalments by 30 June 2021 and 1 October 2021, 65% and 35% respectively. The fair value at award date is considered to be the market value of HK$6.35 as at grant date. In the year 5,442 units were cancelled.
782,500 restricted stock awards were issued on 3 March 2021. These become unrestricted in equal instalments of 25% annually until the final anniversary on 1 Febraury 2025. The fair value at award is considered to be the market value of HK$6.85 as at grant date. In the year 782,500 units were cancelled. As a result of the cancellation, a transfer of £92,832 has been made between the capital contribution reserve and retained earnings.
223,164 restricted stock awards were issued on 1 Dec 2021. These become unrestricted quaterly in equal instalments of 12.5% over a 2 year period until the final anniversary of the issue on 30 November 2023. The fair value at award date is considered to be the market value of HK$7.23 as at grant date. In the year 65,452 units were cancelled.
24,333 restricted stock awards were issued on 1 March 2022. These become unrestricted quaterly in equal instalments of 14.3% over a 1 year 9 month period until the final anniversary of the issue on 30 November 2023. The fair value at award date is considered to be the market value of HK$6.88 as at grant date.
18,375 restricted stock awards were issued on 1 June 2022. These become unrestricted quaterly in equal instalments of 12.5% over a 2 period until the final anniversary of the issue on 31 May 2024. The fair value at award date is considered to be the market value of HK$5.99 as at grant date.
As the restricted shares require no contributions from the employee and the dividend yield assumed to be nil, the fair value at award date is considered to be the market value. The effect of the interest rate assumptions is not significant to the Black-Scholes valuation.
As the shares relate to the ultimate parent company, and that company received no payment in return, an amount equal to the charge incurred of £71,914 (Restated 2022: £218,964) is recorded in the capital contribution reserve.
9
Share-based payment transactions
Employees within the Company are option holders and were granted options in Intellicentrics Global Holdings Ltd.
The weighted average exercise price below is quoted in Hong Kong Dollars.
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
9
Share-based payment transactions
(Continued)
- 9 -
Number of share options
Weighted average exercise price
Restated
Restated
2023
2022
2023
2022
Number
Number
£
£
Outstanding at 1 July 2022
88,500
175,500
6.85
6.85
Forfeited
(87,000)
6.85
Exercised
(76,125)
6.85
Outstanding at 30 June 2023
12,375
88,500
6.85
6.85
Exercisable at 30 June 2023
12,375
88,500
6.85
6.85
Liabilities and expenses
During the year, the charge relating to share options is £141 (Restated 2022 - £2,224) which is recognised in the capital contribution reserve.
During the year, the company recognised total share-based payment expenses of £71,914 (Restated 2022 - £222,957) which relates to restricted stock awards as detailed in note 8 and equity settled share options as above.
The prior year figures have been restated to include additional expenditure recognised in relation to the restricted stock.
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
£
£
376,409
174,012
11
Events after the reporting date
Following the year end and change in ownership, Symplr Software Holdings, Inc is now the ultimate parent company.
12
Related party transactions
The company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 10 -
13
Parent company
The company is controlled by the ultimate parent company, Symplr Software Holdings, Inc, a company incorporated in the state of Delaware in the United States. This is the largest and smallest group of undertakings for which group accounts including Inception Point Systems Ltd are drawn up.
The immediate parent undertaking is Symplr Software LLC, a company registered in Houston, Texas.
The group consolidated accounts are available from the Symplr Software Holdings, Inc website and from Companies House.
14
Prior period adjustment
An additional £71,991 was recognised to correct the prior year shared based payment expense. Due to the shares vesting at various dates, the expense has been spread over the individual vesting periods, meaning the share based payment expense is front loaded. The below table shows which figures have been restated in the prior year.
Changes to the balance sheet
As previously reported
Adjustment
As restated at 30 Jun 2022
£
£
£
Capital and reserves
Other reserves
58,134
71,991
130,125
Profit and loss reserves
(9,393,859)
(71,991)
(9,465,850)
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 30 June 2022
£
£
£
Administrative expenses
(2,599,476)
(71,991)
(2,671,467)
Loss for the financial period
(1,935,230)
(71,991)
(2,007,221)
15
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 qualified and the auditor reported as follows:
INTELLICENTRICS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
15
Audit report information
(Continued)
- 11 -
We have audited the financial statements of Intellicentrics UK Ltd (the 'company') for the year ended 30 June 2023 which comprise the balance sheet 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, except for the possible effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements:
give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for qualified opinion
The company’s cash at bank and in hand valuation comprise of a USD currency bank account, valued at £2,688 in the financial statements as at 30 June 2023. Due to contributing factors, such as a change in bank provider around the reporting period date and a change in personnel in relation to the underlying bank mandate, we were unable to obtain sufficient third-party confirmation to evidence the period-end valuation within the required timeframe, as well as the completeness of bank accounts, loans and other related financial commitments recognised in the accounts. Therefore, the audit evidence available to us to support the balance sheet value in relation to cash at bank and in hand was limited. Consequently, we were unable to satisfy ourselves that the valuation recognised was appropriate or that financial commitments, loans and guarantees recognised were materially correct, and therefore we were unable to determine whether any adjustments to these amounts were necessary.
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 qualified opinion.
Senior Statutory Auditor:
Jessica Lawrence
Statutory Auditor:
Azets Audit Services Limited
2023-06-302022-07-01false22 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr T L LinMr M J SheehanMr H DoetschMr B J Schaknowskifalsefalse2024-10-22081533652022-07-012023-06-30081533652023-06-30081533652022-06-3008153365core:Goodwill2023-06-3008153365core:Goodwill2022-06-3008153365core:OtherPropertyPlantEquipment2023-06-3008153365core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-06-3008153365core:OtherPropertyPlantEquipment2022-06-3008153365core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-06-3008153365core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3008153365core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3008153365core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3008153365core:Non-currentFinancialInstrumentscore:AfterOneYear2022-06-3008153365core:CurrentFinancialInstruments2023-06-3008153365core:CurrentFinancialInstruments2022-06-3008153365core:ShareCapital2023-06-3008153365core:ShareCapital2022-06-3008153365core:OtherMiscellaneousReserve2023-06-3008153365core:OtherMiscellaneousReserve2022-06-3008153365core:RetainedEarningsAccumulatedLosses2023-06-3008153365core:RetainedEarningsAccumulatedLosses2022-06-3008153365bus:Director32022-07-012023-06-3008153365core:Goodwill2022-07-012023-06-3008153365core:PlantMachinery2022-07-012023-06-3008153365core:ComputerEquipment2022-07-012023-06-3008153365core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-07-012023-06-30081533652021-07-012022-06-3008153365core:Goodwill2022-06-3008153365core:OtherPropertyPlantEquipment2022-06-3008153365core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-06-30081533652022-06-3008153365core:OtherPropertyPlantEquipment2022-07-012023-06-3008153365core:WithinOneYear2023-06-3008153365core:WithinOneYear2022-06-3008153365core:Non-currentFinancialInstruments2023-06-3008153365core:Non-currentFinancialInstruments2022-06-30081533652021-06-3008153365core:ContinuingOperations2021-07-012022-06-3008153365bus:PrivateLimitedCompanyLtd2022-07-012023-06-3008153365bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3008153365bus:FRS1022022-07-012023-06-3008153365bus:Audited2022-07-012023-06-3008153365bus:Director12022-07-012023-06-3008153365bus:Director22022-07-012023-06-3008153365bus:Director42022-07-012023-06-3008153365bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP