Company registration number 1230166 (England and Wales)
CORROCOAT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CORROCOAT LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 14
CORROCOAT LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,190,592
1,235,372
Investments
5
3,214,313
1,602,375
4,404,905
2,837,747
Current assets
Stocks
8
811,619
687,687
Debtors
9
7,775,751
8,069,952
Cash at bank and in hand
1,039,299
688,463
9,626,669
9,446,102
Creditors: amounts falling due within one year
10
(1,585,360)
(1,004,851)
Net current assets
8,041,309
8,441,251
Total assets less current liabilities
12,446,214
11,278,998
Provisions for liabilities
Deferred tax liability
11
-
0
25,000
-
(25,000)
Net assets
12,446,214
11,253,998
Capital and reserves
Called up share capital
12
500,000
500,000
Profit and loss reserves
11,946,214
10,753,998
Total equity
12,446,214
11,253,998

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 31 March 2025 and are signed on its behalf by:
C A Harper
Director
Company registration number 1230166 (England and Wales)
CORROCOAT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2022
500,000
10,023,720
10,523,720
Year ended 30 June 2023:
Profit and total comprehensive income
-
730,278
730,278
Balance at 30 June 2023
500,000
10,753,998
11,253,998
Year ended 30 June 2024:
Profit and total comprehensive income
-
1,192,216
1,192,216
Balance at 30 June 2024
500,000
11,946,214
12,446,214
CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Corrocoat Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The registered office is Forster Street, Leeds, West Yorkshire, LS10 1PW.

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

Corrocoat Limited is a wholly owned subsidiary of Corrosioneering Group Limited and the results of Corrocoat Limited are included in the consolidated financial statements of Corrosioneering Group Limited which are available from its registered office, Forster Street, Leeds LS10 1PW.

 

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

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.

 

 

 

CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.3
Turnover

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

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

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

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% on cost
Plant and equipment
16.6% - 50% on cost
Fixtures and fittings
16.6% - 25% on cost
Motor vehicles
25% - 33.33% on cost

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Impairment of fixed assets

At each reporting period end date, the company 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.

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.

1.8
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.

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

1.9
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 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.

CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

 

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

1.11
Equity instruments

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

1.12
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 7 -
Deferred tax

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

 

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

1.13
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.

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.

1.16

Licenses

Corrocoat Limited enters into agreements with companies within the group and with other third parties which enable those companies to carry on the business of corrosion engineering, under licence, using the

"Corrocoat" name, technology, and products.

 

The value of the licence agreements is determined annually by calculating the discounted present value of the royalty income expected to be derived from those agreements over a ten year period. The implementation of Financial Reporting Standard No.10 (and, later, FRS102) has resulted in the company no longer being permitted to carry its licences as an intangible fixed asset in its balance sheet. The directors' valuation of the licences at 30 June 2024 was £1,114,662 (2023: £1,219,830).

 

Royalties receivable are credited to the profit and loss account in the accounting period in which they fall due.

CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

 

- Useful life of tangible fixed assets

- Carrying value of investments

- Provision of bad debts

- Provision for obsolete and slow moving stock

3
Employees

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

2024
2023
Number
Number
Production
8
9
Administration
6
6
Research & development
3
3
Total
17
18
CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 9 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
1,449,116
586,241
237,529
104,670
2,377,556
Additions
-
0
13,628
12,835
-
0
26,463
Disposals
-
0
-
0
-
0
(19,675)
(19,675)
At 30 June 2024
1,449,116
599,869
250,364
84,995
2,384,344
Depreciation and impairment
At 1 July 2023
340,884
526,265
236,485
38,550
1,142,184
Depreciation charged in the year
28,982
25,778
422
16,061
71,243
Eliminated in respect of disposals
-
0
-
0
-
0
(19,675)
(19,675)
At 30 June 2024
369,866
552,043
236,907
34,936
1,193,752
Carrying amount
At 30 June 2024
1,079,250
47,826
13,457
50,059
1,190,592
At 30 June 2023
1,108,232
59,976
1,044
66,120
1,235,372
5
Fixed asset investments
2024
2023
Notes
£
£
Investments in subsidiaries
6
1,892,905
1,392,905
Investments in associates
7
1,321,408
209,470
3,214,313
1,602,375
Movements in fixed asset investments
Shares in subsidiaries and associates
£
Cost or valuation
At 1 July 2023
1,602,375
Additions
1,611,938
At 30 June 2024
3,214,313
Carrying amount
At 30 June 2024
3,214,313
At 30 June 2023
1,602,375
CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
6
Subsidiaries

These financial statements are separate company financial statements for Corrocoat Limited.

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

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Corrocoat Bel FLLC
Belarus
Byelorussian Rouble statutory fund
100.00
Corrocoat Benelux BV
Netherlands
Ordinary shares
99.40
Corrocoat Corrosioneering Limited
England and Wales
Ordinary shares
100.00
Corrocoat LLC
Russia
Ordinary shares
100.00
Corrocoat LLC
Ukraine
Ordinary shares
100.00
7
Associates

These financial statements are separate company financial statements for Corrocoat Limited.

Details of the company's associates at 30 June 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Kirloskar Corrocoat (PTE) Limited
India
Ordinary shares
35.00
Corrocoat Japan Limited
Japan
Ordinary shares
25.00
Corrocoat Caspian LLP
Kazakhstan
Charter capital
60.00

The investment in Corrocoat Caspian LLP has been correctly disclosed as an associate as 10% of the 60% shareholding above was held on a temporary basis and was sold after the balance sheet date.

8
Stocks
2024
2023
£
£
Raw materials and consumables
724,468
571,982
Finished goods and goods for resale
87,151
115,705
811,619
687,687
CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 11 -
9
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,212,192
397,705
Amounts owed by group undertakings
6,094,993
6,905,972
Other debtors
328,674
475,986
Prepayments and accrued income
139,892
290,289
7,775,751
8,069,952
10
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
719,597
424,939
Amounts owed to group undertakings
177,270
373,559
Corporation tax
157,835
(37,124)
Other taxation and social security
29,061
20,622
Other creditors
327,521
131,490
Accruals and deferred income
174,076
91,365
1,585,360
1,004,851
11
Deferred taxation

Deferred tax assets and liabilities are offset where the 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
Balances:
£
£
Accelerated capital allowances
-
25,000
2024
Movements in the year:
£
Liability at 1 July 2023
25,000
Credit to profit or loss
(25,000)
Liability at 30 June 2024
-

 

CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 12 -
12
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary equity shares of £1 each
500,000
500,000
500,000
500,000
CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
13
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mark Dalton BA FCA
Statutory Auditor:
Buckle Barton Limited
Date of audit report:
31 March 2025
CORROCOAT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
14
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sale of goods and services
Purchase of goods
2024
2023
2024
2023
£
£
£
£
Glassflake Limited
143,657
128,421
199,556
180,119

Glassflake Limited is a company under the control of C J Watkinson. Included in creditors is an amount of £47,558 (2023: £17,979) owed to Glassflake Limited and, in debtors, £28,675 (2023: £11,201) owed by Glassflake Limited.

 

In addition there were a number of transactions with companies in which Corrosioneering Group Limited has an interest but which are not wholly owned subsidiaries:

 

Company

Sales (£)

Debtor at 30 June 2024 (£)

Kirloskar Corrocoat (PTE) Ltd

123,046

38,604

Corrocoat SA (PTY) Ltd

219,165

22,059

PT Corrocoat Indonesia

228,404

60,569

Corrocoat Caspian LLP

79,145

-

Corrocoat Japan Ltd

553,501

138,319

Corrocoat Asia Ltd

31,550

-

 

No guarantees have been given or received.

15
Ultimate controlling party

The company's ultimate controlling party is C J Watkinson by virtue of his majority shareholding in the company's ultimate parent company Corrosioneering Group Limited.

 

Corrosioneering Group Limited is a company incorporated in the United Kingdom and registered in England & Wales. The registered office is Forster Street, Leeds, LS10 1PW.

 

The results for Corrocoat Limited are included in the consolidated accounts of Corrosioneering Group Limited, which are available from the Registrar of Companies in England & Wales.

 

The company has taken advantage of the exemptions available under the Companies Act 2006 and not disclosed transactions with Corrosioneering Group Limited and other wholly owned subsidiaries of that company. The company has also taken advantage of the exemptions available under FRS102 and not prepared a cash flow statement as the company's cash flows are included in the consolidated cash flow statement prepared by Corrosioneering Group Limited.

2024-06-302023-07-01false31 March 2025CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedC A HarperR E ColeG D Greenwood-SoleC J WatkinsonP J WatkinsonC A Harperfalsefalse12301662023-07-012024-06-3012301662024-06-3012301662023-06-301230166core:LandBuildingscore:OwnedOrFreeholdAssets2024-06-301230166core:PlantMachinery2024-06-301230166core:FurnitureFittings2024-06-301230166core:MotorVehicles2024-06-301230166core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-301230166core:PlantMachinery2023-06-301230166core:FurnitureFittings2023-06-301230166core:MotorVehicles2023-06-301230166core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-301230166core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-301230166core:CurrentFinancialInstruments2024-06-301230166core:CurrentFinancialInstruments2023-06-301230166core:ShareCapital2024-06-301230166core:ShareCapital2023-06-301230166core:RetainedEarningsAccumulatedLosses2024-06-301230166core:RetainedEarningsAccumulatedLosses2023-06-301230166core:ShareCapital2022-06-301230166core:RetainedEarningsAccumulatedLosses2022-06-301230166bus:CompanySecretaryDirector12023-07-012024-06-301230166core:RetainedEarningsAccumulatedLosses2022-07-012023-06-3012301662022-07-012023-06-301230166core:RetainedEarningsAccumulatedLosses2023-07-012024-06-301230166core:LandBuildingscore:OwnedOrFreeholdAssets2023-07-012024-06-301230166core:PlantMachinery2023-07-012024-06-301230166core:FurnitureFittings2023-07-012024-06-301230166core:MotorVehicles2023-07-012024-06-301230166core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-301230166core:PlantMachinery2023-06-301230166core:FurnitureFittings2023-06-301230166core:MotorVehicles2023-06-3012301662023-06-301230166core:Non-currentFinancialInstruments2024-06-301230166core:Non-currentFinancialInstruments2023-06-301230166bus:PrivateLimitedCompanyLtd2023-07-012024-06-301230166bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-301230166bus:FRS1022023-07-012024-06-301230166bus:Audited2023-07-012024-06-301230166bus:Director12023-07-012024-06-301230166bus:Director22023-07-012024-06-301230166bus:Director32023-07-012024-06-301230166bus:Director42023-07-012024-06-301230166bus:Director52023-07-012024-06-301230166bus:CompanySecretary12023-07-012024-06-301230166bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP