Company registration number 03205716 (England and Wales)
SANJEEV 1979 LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
SANJEEV 1979 LIMITED
COMPANY INFORMATION
Directors
Mr B Kumar
Mr S Kumar
Mr R Kumar
Mrs A Kumar
Mrs Aneetha Kumar
Secretary
Mr S Kumar
Company number
03205716
Registered office
140 Cheetham Hill Road
Manchester
M8 8PZ
Auditor
Mitchell Charlesworth (Audit) Limited
3rd Floor
44 Peter Street
Manchester
M2 5GP
Bankers
Santander UK plc
Bootle Branch
Bridle Road
Bootle
Liverpool
Merseyside
L30 4GB
SANJEEV 1979 LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 26
SANJEEV 1979 LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -
The directors present the strategic report for the year ended 30 June 2024.
Review of the business
Revenue for the year is £10.7m (2023 - £15.6m). The net loss before tax is £714k (2023 - £28k profit).
Principal risks and uncertainties
The key business risks and uncertainties affecting the company are related to competition from other wholesalers and national retailers, employee retention, exchange rate fluctuations, and macro-economic factors including Brexit and the cost of living crisis.
Future developments
Implementing a new ERP system to integrate with the existing financial package to automate and streamline all existing processes within the business. Phase 1 has already been implemented, phase 2 is in the process of being implemented.
Promoting own branded products to major retailers across the world. Selling branded products will improve the margin and will help the business remain profitable.
The company is continuing to explore new territories across the world to enhance the image of its branded garments and to obtain a higher global market share.
The focus is also on developing and improving the digital channels of the revenue from both B2B and B2C. The company is continuing target marketing to generate more revenue through its websites by using up to date technologies.
The company will also focus on customer service including short lead-times.
Financial risk management objectives and policies
The company’s financial risk management objective is to seek to make neither profit nor loss from exposure to currency or interest rate risks. Its policy is to finance working capital through retained earnings and through borrowings at prevailing market rates.
The company does not use hedge accounting. Its policy is to finance fixed assets through fixed rate borrowings for a term broadly expected to match the useful economic lives of the assets.
The Directors do not consider any other risks attaching to the use of financial instruments to be material to an assessment of its financial position.
Signed on behalf of the directors
Mr B Kumar
Director
31 March 2025
SANJEEV 1979 LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
The directors present their annual report and financial statements for the year ended 30 June 2024.
Principal activities
The principal activity of the company during the year was that of the wholesale of garments.
Results and dividends
The results for the year are set out on page 8.
Ordinary dividends were paid amounting to £254,083. The directors do not recommend payment of a further dividend.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr B Kumar
Mr S Kumar
Mr R Kumar
Mrs A Kumar
Mrs Aneetha Kumar
Auditor
The auditor, Mitchell Charlesworth (Audit) Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of directors' responsibilities
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Strategic report
The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of political donations and expenditure, charitable donations, financial instruments, and the miscellaneous items.
SANJEEV 1979 LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
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 company’s auditor 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 company’s auditor is aware of that information.
Medium-sized companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.
On behalf of the board
Mr B Kumar
Director
31 March 2025
SANJEEV 1979 LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SANJEEV 1979 LIMITED
- 4 -
Opinion
We have audited the financial statements of Sanjeev 1979 Limited (the 'company') for the year ended 30 June 2024 which comprise the statement of comprehensive income, 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 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:
give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
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.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are 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:
the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
SANJEEV 1979 LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SANJEEV 1979 LIMITED (CONTINUED)
- 5 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' 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:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the company or to cease operations, or have 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
SANJEEV 1979 LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SANJEEV 1979 LIMITED (CONTINUED)
- 6 -
Extent to which the audit was considered capable of detecting irregularities, including fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
the nature of the industry and sector, control environment and business performance;
the company's own assessment of the risks that irregularities may occur either as a result of fraud or error;
the results of our enquiries of management and members of the Board of Directors of their own identification and assessment of the risks of irregularities;
any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:
identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in the following area:
i) Presentation of the company's Profit and Loss account, ii) Revenue recognition, and iii) Stock existence and valuation. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, and FRS 102.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. These included importing regulations, Health and Safety, and the Data Protection Regulations.
SANJEEV 1979 LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SANJEEV 1979 LIMITED (CONTINUED)
- 7 -
Audit response to risks identified
As a result of performing the above, we identified i) Stock provisioning, ii) Transactions through the PayPal account, and iii) Sales credit note provisioning as the key audit matter related to the potential risk of fraud.
In addition to the above, our procedures to respond to risks identified included the following:
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations described above as having a direct effect on the financial statements;
enquiring of management and members of the Board of Directors concerning actual and potential litigation and claims;
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
reading minutes of meetings of those charged with governance and reviewing correspondence with relevant authorities where matters identified were significant; and
in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
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.
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.
Alison Buckley
Senior Statutory Auditor
For and on behalf of Mitchell Charlesworth (Audit) Limited
2 April 2025
Accountants
Statutory Auditor
3rd Floor
44 Peter Street
Manchester
M2 5GP
SANJEEV 1979 LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
2024
2023
Notes
£
£
Turnover
3
10,664,537
15,553,248
Cost of sales
(8,056,992)
(12,503,286)
Gross profit
2,607,545
3,049,962
Administrative expenses
(3,469,625)
(3,328,487)
Other operating income
175,095
346,597
Operating (loss)/profit
4
(686,985)
68,072
Interest receivable and similar income
8
13,155
16,486
Interest payable and similar expenses
9
(40,152)
(57,014)
(Loss)/profit before taxation
(713,982)
27,544
Tax on (loss)/profit
10
(102,248)
(7,270)
(Loss)/profit for the financial year
(816,230)
20,274
Other comprehensive income
Revaluation of investment properties
420,000
Total comprehensive income for the year
(396,230)
20,274
The profit and loss account has been prepared on the basis that all operations are continuing operations.
SANJEEV 1979 LIMITED
BALANCE SHEET
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
12
5,527
5,818
Tangible assets
13
176,296
172,984
Investment property
14
1,050,000
630,000
1,231,823
808,802
Current assets
Stocks
15
1,149,694
956,976
Debtors
16
4,293,051
5,573,915
Cash at bank and in hand
158,458
921,348
5,601,203
7,452,239
Creditors: amounts falling due within one year
17
(4,133,901)
(4,869,810)
Net current assets
1,467,302
2,582,429
Total assets less current liabilities
2,699,125
3,391,231
Creditors: amounts falling due after more than one year
18
(168,364)
(319,444)
Provisions for liabilities
Deferred tax liability
21
117,883
8,596
(117,883)
(8,596)
Net assets
2,412,878
3,063,191
Capital and reserves
Called up share capital
23
8
8
Share premium account
449,998
449,998
Revaluation reserve
25
420,000
Profit and loss reserves
1,542,872
2,613,185
Total equity
2,412,878
3,063,191
These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.
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:
Mr B Kumar
Director
Company registration number 03205716 (England and Wales)
SANJEEV 1979 LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
Share capital
Share premium account
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 July 2022
8
449,998
2,831,001
3,281,007
Year ended 30 June 2023:
Profit and total comprehensive income
-
-
-
20,274
20,274
Dividends
11
-
-
-
(238,090)
(238,090)
Balance at 30 June 2023
8
449,998
2,613,185
3,063,191
Year ended 30 June 2024:
Loss
-
-
-
(816,230)
(816,230)
Other comprehensive income:
Revaluation of tangible fixed assets
-
-
420,000
-
420,000
Total comprehensive income
-
-
420,000
(816,230)
(396,230)
Dividends
11
-
-
-
(254,083)
(254,083)
Balance at 30 June 2024
8
449,998
420,000
1,542,872
2,412,878
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 11 -
1
Accounting policies
Company information
Sanjeev 1979 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 140 Cheetham Hill Road, Manchester, M8 8PZ.
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, modified to include investment properties at fair value. 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:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The financial statements of the company are consolidated in the financial statements of Goldfortune Limited These consolidated financial statements are available from its registered office, 3rd Floor, 44 Peter Street, Manchester M2 5GP.
1.2
Going concern
At 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.true
The business is a going concern, with a solid foundation and strategic plans in place to sustain operations and meet its financial obligations in the foreseeable future. By focusing on core competencies, optimizing operational efficiency, and capitalizing on market opportunities, the company is positioned to build profitability and generate positive cash flows. These cash inflows will support ongoing operational needs, service debt commitments, and fund growth initiatives. Management remains confident in the business’s ability to adapt to market conditions, maintain adequate liquidity, and execute strategies that drive long-term value creation. Through disciplined financial management, innovation, and customer-centric solutions, the organization anticipates sustained viability, ensuring continuity and reinforcing stakeholder confidence in its future prospects. The Directors’ intention is to fund the company with their own funds if necessary.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 12 -
1.3
Turnover
Turnover represents amounts invoiced during the year for goods and services net of VAT and trade discounts.
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
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Intellectual Property
5% reducing balance
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, 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 Property improv'ts
2% and 10% reducing balance
Leasehold Property Improv'ts
10% reducing balance
Fixtures, fittings and equipment
25% reducing balance
Computer equipment
10% 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 credited or charged to profit or loss.
1.6
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.7
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 13 -
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.
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.
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.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 14 -
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.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, 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.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 15 -
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.12
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 16 -
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
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 the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
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.
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.
The items in the financial statements where judgements and estimates have been made, include:
- Realisable value of stock; and
- Fair value of investment properties.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 17 -
3
Turnover and other revenue
An analysis of the company's turnover is as follows:
2024
2023
£
£
Turnover analysed by geographical market
United Kingdom
10,664,537
15,553,248
2024
2023
£
£
Other revenue
Interest income
13,155
16,486
Rental income arising from investment properties
154,312
131,715
4
Operating (loss)/profit
2024
2023
Operating (loss)/profit for the year is stated after charging:
£
£
Exchange losses
24,550
21,626
Depreciation of owned tangible fixed assets
23,106
24,092
Amortisation of intangible assets
291
306
Operating lease charges
29,565
26,882
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 company
20,450
19,500
For other services
Taxation compliance services
950
900
All other non-audit services
80
80
1,030
980
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 18 -
6
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Directors
5
5
Administration
10
10
Warehouse
21
26
Others
33
33
Total
69
74
Their aggregate remuneration comprised:
2024
2023
£
£
Wages and salaries
2,080,539
2,108,113
Social security costs
203,176
208,708
Pension costs
29,971
46,720
2,313,686
2,363,541
7
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
437,839
447,518
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 5 (2023 - 5).
Remuneration disclosed above include the following amounts paid to each of the two highest paid directors:
2024
2023
£
£
Remuneration for qualifying services
140,000
139,500
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 19 -
8
Interest receivable and similar income
2024
2023
£
£
Interest income
Interest on bank deposits
13,155
16,486
9
Interest payable and similar expenses
2024
2023
£
£
Interest on bank overdrafts and loans
37,123
56,952
Interest on finance leases and hire purchase contracts
1,651
62
Other interest
1,378
40,152
57,014
10
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
7,039
Adjustments in respect of prior periods
(7,039)
Total current tax
(7,039)
7,039
Deferred tax
Origination and reversal of timing differences
109,287
231
Total tax charge
102,248
7,270
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
10
Taxation
(Continued)
- 20 -
The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:
2024
2023
£
£
(Loss)/profit before taxation
(713,982)
27,544
Expected tax (credit)/charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 20.50%)
(178,496)
5,647
Tax effect of expenses that are not deductible in determining taxable profit
7,824
1,925
Unutilised tax losses carried forward
172,218
Adjustments in respect of prior years
(6,992)
Depreciation on assets not qualifying for tax allowances
2,740
(284)
Under/(over) provided in prior years
(46)
Tax at marginal rate
(57)
Effect of change in deferred tax rate
39
Deferred tax on property revaluations
105,000
Taxation charge for the year
102,248
7,270
11
Dividends
2024
2023
£
£
Final paid
254,083
238,090
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 21 -
12
Intangible fixed assets
Intellectual Property
£
Cost
At 1 July 2023 and 30 June 2024
6,393
Amortisation and impairment
At 1 July 2023
575
Amortisation charged for the year
291
At 30 June 2024
866
Carrying amount
At 30 June 2024
5,527
At 30 June 2023
5,818
13
Tangible fixed assets
Freehold Property improv'ts
Leasehold Property Improv'ts
Fixtures, fittings and equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 July 2023
235,985
27,520
486,828
6,978
15,661
772,972
Additions
21,997
4,421
26,418
At 30 June 2024
235,985
49,517
491,249
6,978
15,661
799,390
Depreciation and impairment
At 1 July 2023
122,767
14,151
449,964
2,400
10,706
599,988
Depreciation charged in the year
7,422
3,537
10,450
458
1,239
23,106
At 30 June 2024
130,189
17,688
460,414
2,858
11,945
623,094
Carrying amount
At 30 June 2024
105,796
31,829
30,835
4,120
3,716
176,296
At 30 June 2023
113,218
13,369
36,864
4,578
4,955
172,984
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 22 -
14
Investment property
2024
£
Fair value
At 1 July 2023
630,000
Net gains or losses through fair value adjustments
420,000
At 30 June 2024
1,050,000
The fair value of the investment properties was arrived at on the basis of a valuation carried out by Mark Warburton Chartered Surveyors, on 24 February 2025, who are not connected with the company.
The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
The directors believe that the valuation represents the fair value of the properties at the year-end.
No depreciation is provided in respect of these properties.
15
Stocks
2024
2023
£
£
Finished goods and goods for resale
1,149,694
956,976
16
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,689,523
2,576,356
Corporation tax recoverable
6,992
Amounts owed by group undertakings
586,566
586,908
Other debtors
2,004,087
2,407,457
Prepayments and accrued income
5,883
3,194
4,293,051
5,573,915
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 23 -
17
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Bank loans
19
166,667
166,667
Obligations under finance leases
20
3,699
Payments received on account
470,800
1,539,501
Trade creditors
2,933,603
2,688,997
Corporation tax
52,529
Other taxation and social security
432,494
418,753
Other creditors
9,983
12,977
Accruals and deferred income
116,655
(9,614)
4,133,901
4,869,810
The payments received on account from Santander are secured on the Trade Debtors of the company.
18
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
19
152,778
319,444
Obligations under finance leases
20
15,586
168,364
319,444
19
Loans and overdrafts
2024
2023
£
£
Bank loans
319,445
486,111
Payable within one year
166,667
166,667
Payable after one year
152,778
319,444
Facilities with Santander are secured by:
A first ranking legal charge over the properties situated at 45-47 Ranelagh Street, Liverpool, 13 Stocks Street, Manchester, 15 Stocks Street, Manchester, 9 Knowsley Street, Manchester and 28 Eaton Avenue, Sudbury, Wembley.
A second ranking charge over the property located at 47 High View Gardens, Edgeware, London.
A fixed and floating charge over all freehold and leasehold property owned by the company as well as the assets of the company.
A cross guarantee between Sanjeev Limited, Bournedell Limited and Goldfortune Limited.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
19
Loans and overdrafts
(Continued)
- 24 -
The Business Interruption bank loan received from Santander in the year is a fixed loan, repayable over 6 years, with an interest rate of 4% above base rate. Under the terms of the loan, interest will be payable by the company 12 months after drawdown.
20
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
3,699
In two to five years
15,586
19,285
Finance lease payments represent rentals payable by the company for a solar panels. 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.
21
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:
£
£
Fixed asset timing differences
12,883
9,289
Tax losses
-
(693)
Revaluations
105,000
-
117,883
8,596
2024
Movements in the year:
£
Liability at 1 July 2023
8,596
Charge to profit or loss
109,287
Liability at 30 June 2024
117,883
The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 25 -
22
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
29,971
46,720
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.
23
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
8
8
8
8
Each ordinary share is entitled to one vote. All dividends shall be apportioned and paid proportionately to the amounts paid up on the ordinary shares.
24
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
2024
2023
£
£
Within one year
31,289
19,320
Between two and five years
39,669
22,581
70,958
41,901
25
Revaluation reserve
2024
2023
£
£
At the beginning of the year
Revaluation surplus arising in the year
420,000
At the end of the year
420,000
-
SANJEEV 1979 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 26 -
26
Related party transactions
The Company has taken advantage of the exemption in Financial Reporting Standard 102 and has not disclosed transactions with other group undertakings.
During the year, the company occupied premises owned by the Directors' pensions scheme. Commercial rents, including arrears of £130,625 (2023 - £Nil) were charged for the year. At the year-end the company owed £47,500 (2023 - £nil) to the pension scheme, which is included in accruals.
Mr Rajeev Kumar is also a director of Sanjeev Property Company Limited. Expenses of £1,743 (2023 - £1,063) were paid on the related parties' behalf during the year. Sanjeev received monies of £1,418 (2023 - £1,063). Sanjeev Property Company Limited paid £nil (2023 - £nil) for costs on behalf of the company. At the year-end the company was owed £320,590 (2023 - £320,265) from Sanjeev Property Company Limited, which is included in other debtors.
Mr Rajeev Kumar is also a Director of ASK Brands Inc BV. Expenses of £1,228 (2023 - £18,237) were paid on the related parties' behalf. Sanjeev received monies of £1,414 (2023 - £10,485) during the year. At the year end the company was owed £59,252 (2023 - £59,438) which is included in other debtors.
Mr Rajeev Kumar and Mr Sanjeev Kumar are also directors of Ashu 1981 Limited. During the year the company received £400,000 (2023: £900,000) back from the related party. Sanjeev incurred costs of £nil (2023 - £nil) on behalf of the related party. The balance due from the related party was £1,624,245 (2023 - £2,024,245). and is included in other debtors.
27
Ultimate controlling party
The parent company is Goldfortune Limited which owns 100% of the company's issued share capital, a company incorporated in England & Wales. There is no ultimate controlling party.
The group of companies for which group accounts are prepared is that headed by Goldfortune Limited, The accounts of this company are held at 3rd Floor, 44 Peter Street, Manchester, United Kingdom, M2 5GP. it's registered office.
2024-06-302023-07-01falseCCH SoftwareCCH Accounts Production 2024.210Mr B KumarMr R KumarMrs A KumarMrs Aneetha KumarMrs Aneetha KumarMr S Kumarfalsefalse032057162023-07-012024-06-3003205716bus:Director12023-07-012024-06-3003205716bus:CompanySecretaryDirector12023-07-012024-06-3003205716bus:Director22023-07-012024-06-3003205716bus:Director32023-07-012024-06-3003205716bus:Director42023-07-012024-06-3003205716bus:CompanySecretary12023-07-012024-06-3003205716bus:Director52023-07-012024-06-3003205716bus:RegisteredOffice2023-07-012024-06-3003205716bus:Agent12023-07-012024-06-30032057162024-06-30032057162022-07-012023-06-3003205716core:RetainedEarningsAccumulatedLosses2022-07-012023-06-3003205716core:RetainedEarningsAccumulatedLosses2023-07-012024-06-3003205716core:RevaluationReserve2023-07-012024-06-3003205716core:OtherResidualIntangibleAssets2024-06-3003205716core:OtherResidualIntangibleAssets2023-06-3003205716core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-06-3003205716core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-06-30032057162023-06-3003205716core:LandBuildingscore:OwnedOrFreeholdAssets2024-06-3003205716core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-06-3003205716core:FurnitureFittings2024-06-3003205716core:ComputerEquipment2024-06-3003205716core:MotorVehicles2024-06-3003205716core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-3003205716core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-06-3003205716core:FurnitureFittings2023-06-3003205716core:ComputerEquipment2023-06-3003205716core:MotorVehicles2023-06-3003205716core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3003205716core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3003205716core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3003205716core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3003205716core:CurrentFinancialInstruments2024-06-3003205716core:CurrentFinancialInstruments2023-06-3003205716core:Non-currentFinancialInstruments2024-06-3003205716core:Non-currentFinancialInstruments2023-06-3003205716core:ShareCapital2024-06-3003205716core:ShareCapital2023-06-3003205716core:SharePremium2024-06-3003205716core:SharePremium2023-06-3003205716core:RevaluationReserve2024-06-3003205716core:RevaluationReserve2023-06-3003205716core:RetainedEarningsAccumulatedLosses2024-06-3003205716core:RetainedEarningsAccumulatedLosses2023-06-3003205716core:ShareCapital2022-06-3003205716core:SharePremium2022-06-3003205716core:RevaluationReserve2022-06-3003205716core:RetainedEarningsAccumulatedLosses2022-06-30032057162022-06-3003205716core:RevaluationReserve2023-06-3003205716core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3003205716core:LandBuildingscore:OwnedOrFreeholdAssets2023-07-012024-06-3003205716core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-07-012024-06-3003205716core:FurnitureFittings2023-07-012024-06-3003205716core:ComputerEquipment2023-07-012024-06-3003205716core:MotorVehicles2023-07-012024-06-300320571612023-07-012024-06-300320571612022-07-012023-06-3003205716core:UKTax2023-07-012024-06-3003205716core:UKTax2022-07-012023-06-300320571622023-07-012024-06-300320571622022-07-012023-06-300320571632023-07-012024-06-300320571632022-07-012023-06-300320571642023-07-012024-06-300320571642022-07-012023-06-300320571652023-07-012024-06-300320571652022-07-012023-06-3003205716core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-06-3003205716core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-07-012024-06-3003205716core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-3003205716core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-06-3003205716core:FurnitureFittings2023-06-3003205716core:ComputerEquipment2023-06-3003205716core:MotorVehicles2023-06-30032057162023-06-3003205716core:WithinOneYear2024-06-3003205716core:WithinOneYear2023-06-3003205716core:BetweenTwoFiveYears2024-06-3003205716core:BetweenTwoFiveYears2023-06-3003205716bus:PrivateLimitedCompanyLtd2023-07-012024-06-3003205716bus:FRS1022023-07-012024-06-3003205716bus:Audited2023-07-012024-06-3003205716bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP