Company registration number 01758831 (England and Wales)
BRINOR (HOLDINGS) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
BRINOR (HOLDINGS) LIMITED
COMPANY INFORMATION
Director
Mr M. Bahr
Secretary
Mr M. Varley
Company number
01758831
Registered office
7 Three Rivers Business Park
Felixstowe Road, Foxhall
IPSWICH
IP10 0BF
Auditor
BG Audit LLP
Statutory Auditors
7 Three Rivers Business Park
Felixstowe Road, Foxhall
IPSWICH
IP10 0BF
Business address
Brinor House
Bridge Road
LEVINGTON
IP10 0NE
BRINOR (HOLDINGS) LIMITED
CONTENTS
Page
Strategic report
1
Director's report
2
Director's responsibilities statement
3
Independent auditor's report
4 - 6
Group statement of comprehensive income
7
Group balance sheet
8
Company balance sheet
9
Group statement of changes in equity
10
Company statement of changes in equity
11
Group statement of cash flows
12
Notes to the financial statements
13 - 28
BRINOR (HOLDINGS) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024
- 1 -

The director presents the strategic report for the year ended 30 April 2024.

Fair review of the business

I aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. My review is consistent with the size and non-complex nature of the business and is written in the context of the risks and uncertainties we face.

During the year ending 30th April 2024 we have looked to continue to invest in our warehouse centre and deep sea operations. Due to our good location to Felixstowe Port we can increase the services we offer on container shipping / trucking / warehousing,  European Shipments  continue, albeit at a reduced level due to the red tape levelled by EU and UK. As some customers repositioned their business to Holland, we are going to invest into this market now as well.

 

The parent company did not trade during the year.

Principal risks and uncertainties

As for many businesses of our size, the business environment in which we operate continues to be challenging. However we are covered with the financial strengths of Brinor Holdings Ltd and good operations.

 

Costs for importers and exporters have increased again. New customs regulations on the European market is causing friction and incurring higher costs, which ultimately the consumer is paying for. Brexit will continue to challenge the European market as it is harder for our customer to stay in that market. Currently, margins are ok.

 

I do not feel that there are any other key risks or uncertainties facing the group at this time.

Development and performance

We will continue to provide a good level of service. Business will be tighter due to the known world affairs, but we are well placed to handle the given circumstances.

 

The parent company is not expected to trade in the foreseeable future.

Key performance indicators

I consider that the group's key financial performance indicators are those that communicate the financial performance and strength of the group as a whole, these being gross margin, net profit before tax, net assets and gearing.

The following KPI's are some of the tools used by management to monitor the operating performances of the business:


             2024    2023
                
Gross profit margin          14.24%     14.64%
Net profit before tax          1.82%     2.82%

Position of the business at the year end

The financial position at the year-end is strong, with the reserves at £5,782,508. The group has continued to offer a range of services as it looks to gain market share within the industry.

On behalf of the board

Mr M. Bahr
Director
18 December 2024
BRINOR (HOLDINGS) LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -

The director presents his annual report and financial statements for the year ended 30 April 2024.

Principal activities

The principal activity of the parent company in the year under review was that of holding shares in other companies. The parent company did not trade during the year.

 

The principal activity of the subsidiaries are organised into the following operations:

 

- Niche markets and upnormal loads

 

- Domestic and international transport

 

- Warehousing and distribution

 

- Customs clearance

 

- Deep sea import and export container shipping

Director

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

Mr M. Bahr
Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £31,000. The director does not recommend payment of a further dividend.

Auditor

The auditor, BG Audit LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

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

On behalf of the board
Mr M. Bahr
Director
18 December 2024
BRINOR (HOLDINGS) LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -

The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

 

 

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BRINOR (HOLDINGS) LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BRINOR (HOLDINGS) LIMITED
- 4 -
Opinion

We have audited the financial statements of Brinor (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2024 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

BRINOR (HOLDINGS) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BRINOR (HOLDINGS) LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of director

As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our understanding of the Group and industry, we identified that the principal risks of non-compliance with laws and regulations related to operating licence requirements relating to its transport business, and considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that impact directly on the preparation of the financial statements including the Companies Act, and UK tax legislation.

 

We considered managements incentives and opportunities for fraudulent adjustments to the financial statements including override of controls and determined that the principal risks were related to inappropriate journal entries or fraudulent transactions that would result in the manipulation of profits.

Audit procedures included:

 

 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

BRINOR (HOLDINGS) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BRINOR (HOLDINGS) LIMITED
- 6 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Roger Beaton F.C.A. (Senior Statutory Auditor)
For and on behalf of BG Audit LLP
18 December 2024
Statutory Auditor
7 Three Rivers Business Park
Felixstowe Road, Foxhall
IPSWICH
IP10 0BF
BRINOR (HOLDINGS) LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
2024
2023
Notes
£
£
Turnover
3
14,219,487
16,789,542
Cost of sales
(12,195,341)
(14,331,709)
Gross profit
2,024,146
2,457,833
Administrative expenses
(1,903,778)
(2,006,682)
Other operating income
4
-
-
Operating profit
4
120,368
451,151
Interest receivable and similar income
8
186,192
56,807
Interest payable and similar expenses
9
(4,885)
(8,615)
Amounts written off investments
10
(43,091)
(25,330)
Profit before taxation
258,584
474,013
Taxation
11
(75,976)
(74,739)
Profit for the financial year
182,608
399,274
Other comprehensive income
Tax relating to other comprehensive income
1,600
-
0
Total comprehensive income for the year
184,208
399,274
Total comprehensive income for the year is all attributable to the owners of the parent company.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

BRINOR (HOLDINGS) LIMITED
GROUP BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 8 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
14
1,086,955
1,149,607
Investments
15
705,763
748,854
1,792,718
1,898,461
Current assets
Debtors
18
2,675,959
3,186,276
Cash at bank and in hand
4,420,123
3,766,431
7,096,082
6,952,707
Creditors: amounts falling due within one year
19
(2,661,832)
(2,670,667)
Net current assets
4,434,250
4,282,040
Total assets less current liabilities
6,226,968
6,180,501
Creditors: amounts falling due after more than one year
20
(32,670)
(84,300)
Provisions for liabilities
22
(201,228)
(256,339)
Net assets
5,993,070
5,839,862
Capital and reserves
Called up share capital
24
189,000
189,000
Revaluation reserve
21,562
26,360
Profit and loss reserves
5,782,508
5,624,502
Total equity
5,993,070
5,839,862
The financial statements were approved and signed by the director and authorised for issue on 18 December 2024
18 December 2024
Mr M. Bahr
Director
Company Registration No. 01758831
BRINOR (HOLDINGS) LIMITED
COMPANY BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
15
720,758
763,849
Current assets
Debtors
18
302,328
51,884
Cash at bank and in hand
2,601,231
2,486,066
2,903,559
2,537,950
Creditors: amounts falling due within one year
19
(27,433)
(25,186)
Net current assets
2,876,126
2,512,764
Total assets less current liabilities
3,596,884
3,276,613
Capital and reserves
Called up share capital
24
189,000
189,000
Profit and loss reserves
3,407,884
3,087,613
Total equity
3,596,884
3,276,613
The financial statements were approved and signed by the director and authorised for issue on 18 December 2024
18 December 2024
Mr M. Bahr
Director
Company Registration No. 01758831
BRINOR (HOLDINGS) LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
- 10 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2022
189,000
26,360
5,243,264
5,458,624
Year ended 30 April 2023:
Profit and total comprehensive income for the year
-
-
399,274
399,274
Dividends
12
-
-
(18,036)
(18,036)
Balance at 30 April 2023
189,000
26,360
5,624,502
5,839,862
Year ended 30 April 2024:
Profit for the year
-
-
182,608
182,608
Other comprehensive income:
Tax relating to other comprehensive income
-
1,600
-
0
1,600
Total comprehensive income for the year
-
1,600
182,608
184,208
Dividends
12
-
-
(31,000)
(31,000)
Transfers
-
(6,398)
6,398
-
Balance at 30 April 2024
189,000
21,562
5,782,508
5,993,070
BRINOR (HOLDINGS) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2022
189,000
3,104,176
3,293,176
Year ended 30 April 2023:
Profit and total comprehensive income for the year
-
1,473
1,473
Dividends
12
-
(18,036)
(18,036)
Balance at 30 April 2023
189,000
3,087,613
3,276,613
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
351,271
351,271
Dividends
12
-
(31,000)
(31,000)
Balance at 30 April 2024
189,000
3,407,884
3,596,884
BRINOR (HOLDINGS) LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2024
- 12 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
929,058
599,603
Interest paid
(4,885)
(8,615)
Income taxes paid
(109,239)
(99,477)
Net cash inflow from operating activities
814,934
491,511
Investing activities
Purchase of tangible fixed assets
(192,847)
(158,177)
Proceeds on disposal of tangible fixed assets
2,250
7,500
Proceeds on disposal of fixed asset investments
66,493
25,330
Proceeds from other investments and loans
(66,493)
(25,330)
Interest received
168,590
35,975
Dividends received
17,602
20,832
Net cash used in investing activities
(4,405)
(93,870)
Financing activities
Payment of finance leases obligations
(125,837)
(124,973)
Dividends paid to equity shareholders
(31,000)
(18,036)
Net cash used in financing activities
(156,837)
(143,009)
Net increase in cash and cash equivalents
653,692
254,632
Cash and cash equivalents at beginning of year
3,766,431
3,511,799
Cash and cash equivalents at end of year
4,420,123
3,766,431
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 13 -
1
Accounting policies
Company information

Brinor (Holdings) Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 7 Three Rivers Business Park, Felixstowe Road, Foxhall, Ipswich IP10 0BF. The business address is Brinor House, Bridge Road, Levington IP10 0NE

 

The group consists of Brinor (Holdings) Limited and all of its subsidiaries.

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.

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.

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £351,271 (2023 - £1,473 profit).

1.2
Business combinations

In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

 

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated financial statements incorporate those of Brinor (Holdings) Limited and all of its subsidiaries (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

 

All financial statements are made up to 30 April 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 14 -
1.4
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

 

Domestic and international transport work is recognised in the accounts when the first collection has taken place.

 

Deep Sea import work is recognised on the basis of the date that the vessel arrives in the UK. Deep Sea export work is recognised on the basis of the date that the vessel leaves the UK.

 

Warehousing work is invoiced based on the period of storage.

1.6
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 - 33% reducing balance / 10% on cost
Fixtures and fittings
15% reducing balance
Motor vehicles
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 recognised in the profit and loss account.

1.7
Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

 

In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Other Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.  Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.  Other investments are measured at cost less impairment.

BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 15 -
1.8
Impairment of fixed assets

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

 

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

1.9
Cash and cash equivalents

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

1.10
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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.

BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 16 -
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 group after deducting all of its liabilities.

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 group 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 group.

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 group’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 is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.13
Employee benefits

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

 

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

 

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

1.14
Retirement benefits

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

BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 17 -
1.15
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 leased asset are consumed.

1.16
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.

1.17

Negative goodwill

Negative goodwill is written off in equal instalments over its estimated useful economic life.

 

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the director is 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.

3
Turnover and other revenue

An analysis of the group's turnover is as follows:

2024
2023
£
£
Turnover analysed by class of business
Sales
14,219,487
16,789,542
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
3
Turnover and other revenue
(Continued)
- 18 -
2024
2023
£
£
Turnover analysed by geographical market
UK
11,172,310
13,863,990
Europe
3,047,177
2,925,552
14,219,487
16,789,542
2024
2023
£
£
Other revenue
Interest income
168,590
35,975
Dividends received
17,602
20,832
4
Operating profit
2024
2023
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange gains
(2,708)
(65,482)
Depreciation of owned tangible fixed assets
183,654
214,834
Depreciation of tangible fixed assets held under finance leases
64,588
98,068
Loss/(profit) on disposal of tangible fixed assets
5,007
(7,238)
Operating lease charges
482,453
376,648
5
Auditor's remuneration
2024
2023
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
4,070
3,770
Audit of the financial statements of the company's subsidiaries
10,795
9,995
14,865
13,765
6
Employees

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

Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
78
81
-
0
-
0
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
6
Employees
(Continued)
- 19 -

Their aggregate remuneration comprised:

Group
Company
2024
2023
2024
2023
£
£
£
£
Wages and salaries
2,707,731
2,799,389
-
0
-
0
Social security costs
255,202
272,574
-
-
Pension costs
72,420
70,721
-
0
-
0
3,035,353
3,142,684
-
0
-
0
7
Director's remuneration
2024
2023
£
£
Remuneration for qualifying services
12,651
12,487
8
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
168,279
29,925
Other interest income
311
6,050
Total interest revenue
168,590
35,975
Other income from investments
Dividends received
17,602
20,832
Total income
186,192
56,807
9
Interest payable and similar expenses
2024
2023
£
£
Interest on finance leases and hire purchase contracts
4,885
8,615
10
Amounts written off investments
2024
2023
£
£
Fair value gains/(losses) on financial instruments
Loss on financial assets held at fair value through profit or loss
(15,347)
(15,601)
Other gains/(losses)
Loss on disposal of investments held at fair value
(27,744)
(9,729)
(43,091)
(25,330)
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 20 -
11
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
129,487
109,238
Deferred tax
Origination and reversal of timing differences
(53,511)
(34,499)
Total tax charge
75,976
74,739

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
258,584
474,013
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 19.47%)
64,646
92,290
Tax effect of expenses that are not deductible in determining taxable profit
3,357
(2,707)
Effect of change in corporation tax rate
-
(6,516)
Depreciation on assets not qualifying for tax allowances
1,600
-
0
Effect of revaluations of investments
10,774
3,038
Dividend income
(4,401)
(4,056)
Capital allowances at enhanced rate
-
0
(7,310)
Tax expense for the year
75,976
74,739

In addition to the amount charged to the profit and loss account, the following amounts relating to tax have been recognised directly in other comprehensive income:

2024
2023
£
£
Deferred tax arising on:
Revaluation of Trailers
(1,600)
-
12
Dividends
2024
2023
Recognised as distributions to equity holders:
£
£
Interim paid
31,000
18,036
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 21 -
13
Intangible fixed assets
Group
Negative goodwill
£
Cost
At 1 May 2023 and 30 April 2024
(242,362)
Amortisation and impairment
At 1 May 2023 and 30 April 2024
242,362
Carrying amount
At 30 April 2024
-
0
At 30 April 2023
-
0
The company had no intangible fixed assets at 30 April 2024 or 30 April 2023.
14
Tangible fixed assets
Group
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost or valuation
At 1 May 2023
2,748,517
304,473
48,580
3,101,570
Additions
191,759
1,088
-
0
192,847
Disposals
(30,550)
(2,145)
-
0
(32,695)
At 30 April 2024
2,909,726
303,416
48,580
3,261,722
Depreciation and impairment
At 1 May 2023
1,668,940
252,376
30,647
1,951,963
Depreciation charged in the year
227,755
16,004
4,483
248,242
Eliminated in respect of disposals
(23,293)
(2,145)
-
0
(25,438)
At 30 April 2024
1,873,402
266,235
35,130
2,174,767
Carrying amount
At 30 April 2024
1,036,324
37,181
13,450
1,086,955
At 30 April 2023
1,079,577
52,097
17,933
1,149,607
The company had no tangible fixed assets at 30 April 2024 or 30 April 2023.
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
14
Tangible fixed assets
(Continued)
- 22 -

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2024
2023
2024
2023
£
£
£
£
Motor vehicles
106,570
294,200
-
0
-
0

The group applied the transitional arrangements of Section 35 of FRS102 and used a previous valuation as the deemed costs for certain trailers. The trailers are being depreciated from the valuation date. As the assets are depreciated or sold an appropriate transfer is made from the revaluation reserve to retained earnings.

 

Trailers included within plant and machinery were revalued to their open market value of £102,490 at 30 April 2013. Valuations were independently obtained from RTJ Trailers Limited and Adeon Trailers Service, suppliers specialising in trailer repair and servicing.

 

The net book value of the revalued assets held at the 30 April 2024 is £29,687 (2023: £36,397)

Group
Company
2024
2023
2024
2023
£
£
£
£
Cost
70,275
90,375
-
-
Accumulated depreciation
(69,337)
(89,125)
-
-
Carrying value
938
1,250
-
-
15
Fixed asset investments
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Investments in subsidiaries
16
-
0
-
0
15,717
15,717
Listed investments
705,763
748,854
705,041
748,132
705,763
748,854
720,758
763,849

Listed investments included above:

Listed investments carrying amount
705,763
748,854
705,041
748,132
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
15
Fixed asset investments
(Continued)
- 23 -
Movements in fixed asset investments
Group
Investments other than loans
£
Cost or valuation
At 1 May 2023
748,854
Additions
720,389
Valuation changes
(15,347)
Disposals
(748,133)
At 30 April 2024
705,763
Carrying amount
At 30 April 2024
705,763
At 30 April 2023
748,854
Movements in fixed asset investments
Company
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost or valuation
At 1 May 2023
40,719
748,132
788,851
Additions
-
720,389
720,389
Valuation changes
-
(15,347)
(15,347)
Disposals
-
(748,133)
(748,133)
At 30 April 2024
40,719
705,041
745,760
Provision for diminution in value
At 1 May 2023 & 30 April 2024
25,002
-
25,002
At 30 April 2024
25,002
-
25,002
Carrying amount
At 30 April 2024
15,717
705,041
720,758
At 30 April 2023
15,717
748,132
763,849
16
Subsidiaries

Details of the company's subsidiaries at 30 April 2024 are as follows:

BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
16
Subsidiaries
(Continued)
- 24 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Brinor International Shipping and Forwarding Limited
England and Wales
Ordinary
100.00
Quickfreight Services Limited
England and Wales
Ordinary
100.00
17
Financial instruments
Group
Company
2024
2023
2024
2023
£
£
£
£
Carrying amount of financial assets
Debt instruments measured at amortised cost
2,198,130
2,788,780
n/a
n/a
Instruments measured at fair value through profit or loss
705,763
748,854
-
-
Carrying amount of financial liabilities
Measured at amortised cost
2,129,819
2,108,734
n/a
n/a

As permitted by the reduced disclosure framework within FRS 102, the company has taken advantage of the exemption from disclosing the carrying amount of certain classes of financial instruments, denoted by 'n/a' above.

18
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,063,469
2,676,695
-
0
-
0
Amounts owed by group undertakings
-
-
240,203
-
Other debtors
115,767
109,695
50,000
50,000
Prepayments and accrued income
477,829
397,496
12,125
1,884
2,657,065
3,183,886
302,328
51,884
Amounts falling due after more than one year:
Other debtors
18,894
2,390
-
0
-
0
Total debtors
2,675,959
3,186,276
302,328
51,884
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 25 -
19
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Obligations under finance leases
21
47,722
121,929
-
0
-
0
Trade creditors
1,909,205
1,717,580
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
-
0
20,422
Corporation tax payable
129,486
109,238
26,973
4,456
Other taxation and social security
435,197
536,995
-
-
Other creditors
12,202
14,317
460
308
Accruals and deferred income
128,020
170,608
-
0
-
0
2,661,832
2,670,667
27,433
25,186

Hire purchase liabilities of £47,722 (2023: £121,929) are secured on the assets to which they relate.

20
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Obligations under finance leases
21
32,670
84,300
-
0
-
0

Hire purchase liabilities of £32,670 (2023: £84,300) are secured on the assets to which they relate.

21
Finance lease obligations
Group
Company
2024
2023
2024
2023
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
47,722
121,929
-
0
-
0
In two to five years
32,670
84,300
-
0
-
0
80,392
206,229
-
-

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 26 -
22
Deferred taxation

Deferred tax assets and liabilities are offset where the group or company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2024
2023
Group
£
£
Accelerated capital allowances
194,041
247,552
Revaluations
7,187
8,787
201,228
256,339
The company has no deferred tax assets or liabilities.
Group
Company
2024
2024
Movements in the year:
£
£
Liability at 1 May 2023
256,339
-
Credit to profit or loss
(53,511)
-
Credit to equity
(1,600)
-
Liability at 30 April 2024
201,228
-

The net deferred tax liability expected to reverse in the year ended 30th April 2025 is £12,874. This primarily relates to the reversal of timing differences on acquired tangible assets and capital allowances through depreciation, offset by expected tax deductions when payments are made to utilise provisions.

23
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
72,420
70,721

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

24
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
189,000
189,000
189,000
189,000
BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
24
Share capital
(Continued)
- 27 -

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

25
Financial commitments, guarantees and contingent liabilities

The bank has given a guarantee on behalf of the company to the value of £90,000 to HM Customs and Excise.

26
Operating lease commitments
Lessee

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

Group
Company
2024
2023
2024
2023
£
£
£
£
Within one year
439,033
445,367
-
-
Between two and five years
871,433
1,302,133
-
-
1,310,466
1,747,500
-
-
27
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2024
2023
£
£
Aggregate compensation
12,775
12,609
Other information

The company has taken advantage of the exemptions conferred by FR102 not to make disclosures concerning companies wholly owned within the group.

 

The Director of the company charged Brinor International Shipping and Forwarding Limited rent totaling £3,600 (2023: £3,600).

 

At the year end the director was owed £458 by the group (2023: £306).

 

During the year dividends totalling £31,000 (2023: £18,036) were paid to the Director.

28
Directors' transactions

During the year the director was advanced £46,572 (2023: £36,084) and repaid £46,877 (2023: £36,267). Interest of £305 (2023: £183) was charged in respect of the overdrawn balance.

BRINOR (HOLDINGS) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 28 -
29
Controlling party

The company is controlled by M. Bahr, who is the sole director and shareholder.

30
Cash generated from group operations
2024
2023
£
£
Profit after taxation
182,608
399,274
Adjustments for:
Taxation charged
75,976
74,739
Finance costs
4,885
8,615
Investment income
(186,192)
(56,807)
Loss/(gain) on disposal of tangible fixed assets
5,007
(7,238)
Depreciation and impairment of tangible fixed assets
248,242
312,902
Other gains and losses
43,091
25,330
Movements in working capital:
Decrease in debtors
510,317
624,767
Increase/(decrease) in creditors
45,124
(781,979)
Cash generated from operations
929,058
599,603
31
Analysis of changes in net funds - group
1 May 2023
Cash flows
30 April 2024
£
£
£
Cash at bank and in hand
3,766,431
653,692
4,420,123
Obligations under finance leases
(206,229)
125,837
(80,392)
3,560,202
779,529
4,339,731
2024-04-302023-05-01falsefalseCCH SoftwareCCH Accounts Production 2024.310Mr M. BahrMr M. Varleyfalse01758831bus:Consolidated2023-05-012024-04-30017588312023-05-012024-04-3001758831bus:Director12023-05-012024-04-3001758831bus:CompanySecretary12023-05-012024-04-3001758831bus:RegisteredOffice2023-05-012024-04-30017588312024-04-3001758831bus:Consolidated2022-05-012023-04-3001758831core:NegativeGoodwillbus:Consolidated2024-04-3001758831core:NegativeGoodwillbus:Consolidated2023-04-30017588312022-05-012023-04-3001758831core:RevaluationReservebus:Consolidated2023-05-012024-04-3001758831core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-05-012024-04-3001758831bus:Consolidated2024-04-3001758831bus:Consolidated2023-04-3001758831core:PlantMachinerybus:Consolidated2024-04-3001758831core:FurnitureFittingsbus:Consolidated2024-04-3001758831core:MotorVehiclesbus:Consolidated2024-04-3001758831core:PlantMachinerybus:Consolidated2023-04-3001758831core:FurnitureFittingsbus:Consolidated2023-04-3001758831core:MotorVehiclesbus:Consolidated2023-04-30017588312023-04-3001758831core:ShareCapitalbus:Consolidated2024-04-3001758831core:ShareCapitalbus:Consolidated2023-04-3001758831core:RevaluationReservebus:Consolidated2024-04-3001758831core:RevaluationReservebus:Consolidated2023-04-3001758831core:ShareCapital2024-04-3001758831core:ShareCapital2023-04-3001758831core:RetainedEarningsAccumulatedLosses2024-04-3001758831core:RetainedEarningsAccumulatedLosses2023-04-3001758831core:ShareCapital2022-04-3001758831core:RevaluationReserve2022-04-3001758831core:RetainedEarningsAccumulatedLossesbus:Consolidated2022-04-3001758831bus:Consolidated2022-04-3001758831core:RetainedEarningsAccumulatedLosses2022-04-30017588312022-04-3001758831core:CurrentFinancialInstruments2024-04-3001758831core:CurrentFinancialInstruments2023-04-3001758831core:PlantMachinery2023-05-012024-04-3001758831core:FurnitureFittings2023-05-012024-04-3001758831core:MotorVehicles2023-05-012024-04-3001758831core:OwnedAssetsbus:Consolidated2023-05-012024-04-3001758831core:OwnedAssetsbus:Consolidated2022-05-012023-04-3001758831core:LeasedAssetsbus:Consolidated2023-05-012024-04-3001758831core:LeasedAssetsbus:Consolidated2022-05-012023-04-3001758831core:UKTaxbus:Consolidated2023-05-012024-04-3001758831core:UKTaxbus:Consolidated2022-05-012023-04-3001758831bus:Consolidated12023-05-012024-04-3001758831bus:Consolidated12022-05-012023-04-3001758831bus:Consolidated22023-05-012024-04-3001758831bus:Consolidated22022-05-012023-04-3001758831core:PlantMachinerybus:Consolidated2023-04-3001758831core:FurnitureFittingsbus:Consolidated2023-04-3001758831core:MotorVehiclesbus:Consolidated2023-04-3001758831bus:Consolidated2023-04-3001758831core:PlantMachinerybus:Consolidated2023-05-012024-04-3001758831core:FurnitureFittingsbus:Consolidated2023-05-012024-04-3001758831core:MotorVehiclesbus:Consolidated2023-05-012024-04-3001758831core:MotorVehicles2024-04-3001758831core:MotorVehicles2023-04-3001758831core:ListedExchangeTradedbus:Consolidated2024-04-3001758831core:ListedExchangeTradedbus:Consolidated2023-04-3001758831core:ListedExchangeTraded2024-04-3001758831core:ListedExchangeTraded2023-04-3001758831core:Non-currentFinancialInstrumentsbus:Consolidated2024-04-3001758831core:Non-currentFinancialInstrumentsbus:Consolidated2023-04-3001758831core:Non-currentFinancialInstruments2024-04-3001758831core:Non-currentFinancialInstruments2023-04-3001758831core:CurrentFinancialInstrumentsbus:Consolidated2024-04-3001758831core:CurrentFinancialInstrumentsbus:Consolidated2023-04-3001758831core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2024-04-3001758831core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-04-3001758831core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3001758831core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3001758831core:WithinOneYearbus:Consolidated2024-04-3001758831core:WithinOneYearbus:Consolidated2023-04-3001758831core:WithinOneYear2024-04-3001758831core:WithinOneYear2023-04-3001758831core:BetweenTwoFiveYearsbus:Consolidated2024-04-3001758831core:BetweenTwoFiveYearsbus:Consolidated2023-04-3001758831core:BetweenTwoFiveYears2024-04-3001758831core:BetweenTwoFiveYears2023-04-3001758831bus:PrivateLimitedCompanyLtd2023-05-012024-04-3001758831bus:FRS1022023-05-012024-04-3001758831bus:Audited2023-05-012024-04-3001758831bus:ConsolidatedGroupCompanyAccounts2023-05-012024-04-3001758831bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP