Company registration number 06488222 (England and Wales)
ALMIG UK LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ALMIG UK LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 14
ALMIG UK LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible fixed assets
6
157,517
162,725
Investments
7
87
157,604
162,725
Current assets
Stocks
8
1,047,899
1,233,936
Debtors
9
1,429,801
1,645,215
Cash at bank and in hand
357,382
352,252
2,835,082
3,231,403
Creditors: amounts falling due within one year
10
(2,767,567)
(3,447,781)
Net current assets/(liabilities)
67,515
(216,378)
Total assets less current liabilities
225,119
(53,653)
Creditors: amounts falling due after more than one year
10
(100,296)
(109,407)
Provisions for liabilities
Deferred tax liabilities
13
(39,333)
(1,456)
Net assets/(liabilities)
85,490
(164,516)
Capital and reserves
Called up share capital
15
1,000
1,000
Profit and loss reserves
84,490
(165,516)
Total equity
85,490
(164,516)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
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 and signed by the director and authorised for issue on 4 March 2025
Mr M P Waller
Director
Company registration number 06488222 (England and Wales)
ALMIG UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2022
1,000
(425,000)
(424,000)
Year ended 31 December 2022:
Profit and total comprehensive income
-
259,484
259,484
Balance at 31 December 2022
1,000
(165,516)
(164,516)
Year ended 31 December 2023:
Profit and total comprehensive income
-
250,006
250,006
Balance at 31 December 2023
1,000
84,490
85,490
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
ALMiG UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6, Station Court, Top Station Road, Brackley, Northamptonshire, NN13 7UG. The company's principal activities and nature of its operations are disclosed in the director's report.
1.1
Accounting convention
The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101) and in accordance with applicable accounting standards.
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 FRS 101, the company has taken advantage of the following disclosure exemptions from the requirements of IFRS:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from contracts with customers.
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements.
the requirements of IAS 7 Statement of Cash Flows.
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures.
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
Where required, equivalent disclosures are given in the group accounts of Fusheng International Investments GmbH & Co KG. The group accounts of Fusheng International Investments GmbH & Co KG are available to the public and can be obtained from Adolf-Ehmann-Str. 2, 73257 Kongen, Germany.
1.2
Going concern
ALMiG have the support of it's parent company and have a signed letter confirming that they will continue to support ALMiG UK. Additionally, if required the group will put additional working capital into ALMiG to ensure that it can continue to trade for at least 12 months from the date of signing these accounts. true
On this basis, the director has a reasonable expectation that the company 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.
1.3
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and under the circumstances that the revenue can be reliably measured. Revenue is measured at fair value of the consideration received or receivable, excluding any discounts, value added tax, rebates and any other sales taxes.
Sale of goods
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Revenue from the sale of goods is recognised on the satisfaction of performance obligations, such as the transfer of a promised good, identified in the contract between the company and the customer.
A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
20% straight line
Fixtures and fittings
20% straight line
Plant and equipment
20% straight line
Computers
33% straight line
Right of use assets
over the life of the lease
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.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.6
Cash at bank and in hand
Cash and cash equivalents 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.
1.7
Financial assets
Financial assets are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.
At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Financial assets at fair value through profit or loss
When any of the above-mentioned conditions for classification of financial assets is not met, a financial asset is classified as measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognized initially at fair value and any transaction costs are recognised in profit or loss when incurred. A gain or loss on a financial asset measured at fair value through profit or loss is recognised in profit or loss, and is included within finance income or finance costs in the statement of income for the reporting period in which it arises.
Financial assets held at amortised cost
Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of goods and services to customers (eg Debtors). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary.
Financial assets at fair value through other comprehensive income
Debt instruments are classified as financial assets measured at fair value through other comprehensive income where the financial assets are held within the company’s business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
A debt instrument measured at fair value through other comprehensive income is recognised initially at fair value plus transaction costs directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognised through other comprehensive income are directly transferred to profit or loss when the debt instrument is derecognised.
The company has made an irrevocable election to recognize changes in fair value of investments in equity instruments through other comprehensive income, not through profit or loss. A gain or loss from fair value changes will be shown in other comprehensive income and will not be reclassified subsequently to profit or loss. Equity instruments measured at fair value through other comprehensive income are recognized initially at fair value plus transaction cost directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognized through other comprehensive income are directly transferred to retained earnings when the equity instrument is derecognized or its fair value substantially decreased. Dividends are recognized as finance income in profit or loss.
Impairment of financial assets
Financial assets carried at amortised cost and are assessed for indicators of impairment at each reporting end date.
The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.
1.8
Financial liabilities
The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Other financial liabilities
Other financial liabilities, including trade creditors are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.
1.9
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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 is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary 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 inventories or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.12
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 7 -
1.13
Leases
At inception, the company assesses whether a contract is, or contains, a lease within the scope of IFRS 16. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Where a tangible asset is acquired through a lease, the company recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within tangible fixed assets, apart from those that meet the definition of investment property.
The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date plus any initial direct costs and an estimate of the cost of obligations to dismantle, remove, refurbish or restore the underlying asset and the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of other tangible fixed assets. The right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
The lease liability is initially measured at the present value of the lease payments that are unpaid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the company's incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed payments, variable lease payments that depend on an index or a rate, amounts expected to be payable under a residual value guarantee, and the cost of any options that the company is reasonably certain to exercise, such as the exercise price under a purchase option, lease payments in an optional renewal period, or penalties for early termination of a lease.
The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in: future lease payments arising from a change in an index or rate; the company's estimate of the amount expected to be payable under a residual value guarantee; or the company's assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
1.14
Foreign exchange
The Company's presentational and functional currency is GBP.
Foreign currency transactions are translated into the functional currency using the spot exchange rate at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transactions and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
2
Critical accounting estimates and judgements
In the application of the company’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, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Management do not believe there are any significant accounting estimates or judgements in these financial statements.
3
Auditor's remuneration
2023
2022
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
22,500
25,000
4
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Distribution Staff
3
3
Admin Staff
1
1
Directors
1
1
5
5
5
Director's remuneration
2023
2022
£
£
Remuneration for qualifying services
108,633
113,770
6
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Right of use assets
Total
£
£
£
£
£
£
Cost
At 1 January 2023
33,768
14,158
17,896
36,796
263,296
365,914
Additions
2,851
42,700
45,551
Disposals
(21,181)
(21,181)
At 31 December 2023
33,768
14,158
17,896
39,647
284,815
390,284
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Right of use assets
Total
£
£
£
£
£
£
(Continued)
- 9 -
Accumulated depreciation and impairment
At 1 January 2023
26,218
13,329
12,738
31,628
119,276
203,189
Charge for the year
2,727
829
2,537
2,218
42,448
50,759
Eliminated on disposal
(21,181)
(21,181)
At 31 December 2023
28,945
14,158
15,275
33,846
140,543
232,767
Carrying amount
At 31 December 2023
4,823
2,621
5,801
144,272
157,517
At 31 December 2022
7,550
829
5,158
5,168
144,020
162,725
7
Investments
Current
Non-current
2023
2022
2023
2022
£
£
£
£
Investments in subsidiaries
-
-
87
-
Fair value of financial assets carried at amortised cost
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023
-
Valuation changes
87
At 31 December 2023
87
Carrying amount
At 31 December 2023
87
At 31 December 2022
-
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
8
Stocks
2023
2022
£
£
Raw Materials and consumables
1,047,899
1,233,936
9
Debtors
2023
2022
£
£
Trade debtors
1,255,213
1,602,500
Amounts owed by fellow group undertakings
147,012
19,278
Other debtors
11,976
10,288
Prepayments and accrued income
15,600
13,149
1,429,801
1,645,215
10
Creditors
Due within one year
Due after one year
2023
2022
2023
2022
Notes
£
£
£
£
Creditors
11
2,503,001
3,294,080
Corporation tax
89,903
-
-
Other taxation and social security
125,733
113,591
-
-
Lease liabilities
12
48,930
40,110
100,296
109,407
2,767,567
3,447,781
100,296
109,407
11
Creditors
2023
2022
£
£
Trade creditors
81,048
202,336
Amounts owed to fellow group undertakings
2,311,091
2,912,685
Accruals and deferred income
55,540
11,500
Other creditors
55,322
167,559
2,503,001
3,294,080
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 11 -
12
Lease liabilities
2023
2022
Maturity analysis
£
£
Within one year
48,930
-
In two to five years
100,296
-
Total undiscounted liabilities
149,226
-
Lease liabilities are classified based on the amounts that are expected to be settled within the next 12 months and after more than 12 months from the reporting date, as follows:
2023
2022
£
£
Current liabilities
48,930
40,110
Non-current liabilities
100,296
109,407
149,226
149,517
2023
2022
Amounts recognised in profit or loss include the following:
£
£
Interest on lease liabilities
5,514
4,811
13
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the company and movements thereon during the current and prior reporting period.
ACAs
£
Balance at 1 January 2022
Deferred tax movements in prior year
Charge/(credit) to profit or loss
1,456
Liability at 1 January 2023
1,456
Deferred tax movements in current year
Charge/(credit) to profit or loss
37,877
Liability at 31 December 2023
39,333
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
14
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
15,675
14,981
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
15
Share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
1,000 of £1 each of £1 each
1,000
1,000
1,000
1,000
16
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:
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16
Audit report information
(Continued)
- 13 -
Qualified opinion on financial statements
We have audited the financial statements of ALMiG UK Limited (the 'company') for the year ended 31 December 2023 which comprise, the balance sheet, the statement of changes in equity 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 101 Reduced Disclosure Framework (United Kingdom Generally Accepted Accounting Practice).
In our opinion, except for the effects of the matter described in Basis for Qualified Opinion paragraph, the financial statements:
give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its 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
We were unable to observe the counting of physical stock at the yearend. Due to exceptional unforeseen circumstances whereby the company's third party storage and distribution provider, who had managed their storage and distribution for 15 years, unexpectedly went into administration at the end of December 2023 and they were required to find a new provider and relocate their stock at very short notice. Other procedures were carried out to audit the value of stock held on the balance sheet of £1,047,899 however we were unable to gain comfort over the quantity of physical stock held at the year end date using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was 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 opinion.
Senior Statutory Auditor:
Carolyn Robson
Statutory Auditor:
Rouse Audit LLP
Date of audit report:
7 March 2025
17
Related party transactions
The Company has taken advantage of the exemption under Financial Reporting Standard 101 from providing details of related party transactions with members or investees of the group.
18
Directors' transactions
Loans made to the director in the year total £Nil (2022 - £Nil). The balance currently owed by the director at the balance sheet date is £5,000 (2022 - £5,000).
ALMIG UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 14 -
19
Controlling party
The company is directly owned by ALMiG Verwaltungs-GmbH, a company located in Germany. Their registered office is Adolf-Ehnmann-Str. 2, 73257 Köngen, Germany.
The ultimate parent company is High Asia Holdings Limited (Samoa), via its holding in Valiant APO Holdings Limited.
Consolidated financial statements for the Group are available from Fusheng International Investments
GmbH & Co KG.
2023-12-312023-01-01Mr M P WallerfalsefalseCCH SoftwareiXBRL Review & Tag 2024.25064882222023-01-012023-12-31064882222023-12-31064882222022-12-3106488222core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-12-3106488222core:PlantMachinery2023-12-3106488222core:FurnitureFittings2023-12-3106488222core:ComputerEquipment2023-12-3106488222core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-12-3106488222core:ContinuingOperations2023-12-3106488222core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3106488222core:PlantMachinery2022-12-3106488222core:FurnitureFittings2022-12-3106488222core:ComputerEquipment2022-12-3106488222core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-12-3106488222core:AcceleratedTaxDepreciationDeferredTax2021-12-3106488222core:ShareCapital2023-12-3106488222core:ShareCapital2022-12-3106488222core:RetainedEarningsAccumulatedLosses2023-12-3106488222core:RetainedEarningsAccumulatedLosses2022-12-31064882222021-12-3106488222bus:Director12023-01-012023-12-3106488222core:RetainedEarningsAccumulatedLosses2022-01-012022-12-3106488222core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3106488222core:FinancialInstrumentsFairValueThroughProfitOrLoss2023-01-012023-12-3106488222core:Held-to-maturityFinancialAssets2023-01-012023-12-3106488222core:Available-for-saleFinancialAssets2023-01-012023-12-31064882222022-01-012022-12-3106488222core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-12-3106488222core:PlantMachinery2022-12-3106488222core:FurnitureFittings2022-12-3106488222core:ComputerEquipment2022-12-3106488222core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-12-31064882222022-12-3106488222core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-01-012023-12-3106488222core:PlantMachinery2023-01-012023-12-3106488222core:FurnitureFittings2023-01-012023-12-3106488222core:ComputerEquipment2023-01-012023-12-3106488222core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-01-012023-12-3106488222core:CurrentFinancialInstruments2023-12-3106488222core:CurrentFinancialInstruments2022-12-3106488222core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3106488222core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3106488222core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3106488222core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3106488222core:Non-currentFinancialInstruments2023-12-3106488222core:Non-currentFinancialInstruments2022-12-3106488222bus:PrivateLimitedCompanyLtd2023-01-012023-12-3106488222bus:FRS1012023-01-012023-12-3106488222bus:Audited2023-01-012023-12-3106488222bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106488222bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP