Company registration number 09984032 (England and Wales)
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
COMPANY INFORMATION
Directors
Mr A G Potter
Mrs S J Potter
Company number
09984032
Registered office
Village Farm
Catton
Thirsk
North Yorkshire
YO7 4BZ
Auditor
Henton & Co LLP
124 Acomb Road
York
YO24 4EY
Bankers
Virgin Money
21 James Street
Harrogate
HG1 1QU
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Group statement of income and retained earnings
8
Group balance sheet
9
Company balance sheet
10
Group statement of cash flows
11
Company statement of cash flows
12
Notes to the financial statements
13 - 28
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
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
We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.
We consider the key financial performance indicators are those that communicate the financial performance and strength of the group as a whole, these being turnover and profit before tax. In the financial year there was an increase in group turnover of £11,615,875 (42.6%) to £38,859,061. Profit before tax for the group increased by £1,142,823 (135.8%) generating a profit of £1,984,232.
Principal risks and uncertainties
The directors monitor the key risks facing the group and have strategies in place to reduce these risks where possible. One of the principal risks is that of a disease pandemic and the associated risks, as seen with the impact of the avian flu pandemic and consequently having to downgrade free range eggs to barn eggs. The other main risk is that of being able to meet the demands of the customers both in terms of price and demand. The group has reduced the impact of this risk by having a large customer base and by keeping up to date with industry advancements.
Financial risk management
The company's operations expose it to a variety of risks. However, given the size of the group, the directors have not delegated the responsibility of monitoring the risks to a sub-committee of the board. The policies set by the directors are implemented by the group's management.
Liquidity risk
The group actively maintains a mixture of long-term and short-term debt finance that is designed to ensure the company has sufficient available funds for operations and planned capital investments.
Interest rate risk
The group has both interest bearing assets and interest bearing liabilities. The group's exposure to interest rate risk is regularly evaluated and action would be taken to mitigate any exposure as necessary.
Foreign currency risk
The group trades entirely in the UK. Occasional purchases of equipment are made from Europe but not in significant enough volumes to represent a risk.
Credit risk
The group has policies in place to credit check potential customers before any sales are made and payment terms are strictly monitored. Relationships with the customers are long term and there has been no historical issues.
Price risk
The group looks to agree long term prices with both suppliers and customers in order to protect against significant adverse changes. A large proportion of the group's supplies are produced by related entities and therefore costs are controlled by the directors.
Future developments
The Directors are not aware at the date of the report of any likely major changes in the group's activities in the next year.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
Mr A G Potter
Director
27 June 2025
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
The directors present their annual report and financial statements for the year ended 30 June 2024.
Principal activities
The principal activity of the group continued to be that of grading, packing and selling barn, free range and organic hen eggs in the UK.
The principal activity of the company is that of a holding company.
Results and dividends
The results for the year are set out on page 8.
No ordinary dividends were paid. 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 A G Potter
Mr J R Potter
(Deceased 20 December 2024)
Mrs S J Potter
Auditor
Henton & Co LLP were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.
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 A G Potter
Director
27 June 2025
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
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 group and company, and of the profit or loss of the group 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;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
- 5 -
Opinion
We have audited the financial statements of Potter Family Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the group statement of income and retained earnings, the group balance sheet, the company balance sheet, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the group's and the parent company's affairs as at 30 June 2024 and of the group's profit 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 group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the 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 group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the 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.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
- 6 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' 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 parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent 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.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
- Enquiry of management, those charged with governance around actual and potential litigation and claims.
- Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.
- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
ICAEW guidance relating to reporting on irregularities, November 2020, based on ISA 700 A39-1 to A39-5
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.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
- 7 -
Brett Davis (Senior Statutory Auditor)
For and on behalf of Henton & Co LLP, Statutory Auditor
Chartered Accountants
124 Acomb Road
York
YO24 4EY
27 June 2025
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
GROUP STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
2024
2023
Notes
£
£
Turnover
3
38,859,061
27,243,186
Cost of sales
(35,872,334)
(25,388,716)
Gross profit
2,986,727
1,854,470
Administrative expenses
(1,168,437)
(1,202,527)
Other operating income
348,299
432,717
Operating profit
4
2,166,589
1,084,660
Interest receivable and similar income
6
88,605
64,339
Interest payable and similar expenses
7
(270,962)
(307,590)
Profit before taxation
1,984,232
841,409
Tax on profit
8
(497,250)
(72,810)
Profit for the financial year
1,486,982
768,599
Retained earnings brought forward
10,125,915
9,357,316
Retained earnings carried forward
11,612,897
10,125,915
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
GROUP BALANCE SHEET
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
9,751,098
10,104,749
Investments
11
221,124
173,932
9,972,222
10,278,681
Current assets
Stocks
13
780,414
739,252
Debtors
14
8,595,659
6,876,998
Cash at bank and in hand
918,385
1,074,786
10,294,458
8,691,036
Creditors: amounts falling due within one year
15
(3,991,654)
(4,004,833)
Net current assets
6,302,804
4,686,203
Total assets less current liabilities
16,275,026
14,964,884
Creditors: amounts falling due after more than one year
16
(4,144,751)
(4,292,470)
Provisions for liabilities
Deferred tax liability
19
514,378
543,499
(514,378)
(543,499)
Net assets
11,615,897
10,128,915
Capital and reserves
Called up share capital
22
3,000
3,000
Profit and loss reserves
11,612,897
10,125,915
Total equity
11,615,897
10,128,915
These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.
The financial statements were approved by the board of directors and authorised for issue on 27 June 2025 and are signed on its behalf by:
27 June 2025
Mr A G Potter
Director
Company registration number 09984032 (England and Wales)
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
COMPANY BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
6,467,880
6,018,441
Investments
11
1,500
1,500
6,469,380
6,019,941
Current assets
Debtors
14
2,381,686
1,984,030
Cash at bank and in hand
8,274
327,617
2,389,960
2,311,647
Creditors: amounts falling due within one year
15
(643,059)
(636,980)
Net current assets
1,746,901
1,674,667
Total assets less current liabilities
8,216,281
7,694,608
Creditors: amounts falling due after more than one year
16
(3,679,304)
(3,729,337)
Provisions for liabilities
Deferred tax liability
19
260,807
228,881
(260,807)
(228,881)
Net assets
4,276,170
3,736,390
Capital and reserves
Called up share capital
22
3,000
3,000
Profit and loss reserves
4,273,170
3,733,390
Total equity
4,276,170
3,736,390
As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £539,780 (2023 - £222,716 loss).
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 27 June 2025 and are signed on its behalf by:
27 June 2025
Mr A G Potter
Director
Company registration number 09984032 (England and Wales)
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
- 11 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
25
470,382
2,994,012
Interest paid
(270,962)
(307,590)
Income taxes paid
(307,633)
(12,123)
Net cash (outflow)/inflow from operating activities
(108,213)
2,674,299
Investing activities
Purchase of tangible fixed assets
(643,676)
(612,746)
Proceeds from disposal of tangible fixed assets
472,298
2,000
Receipts from joint venture
(47,192)
(28,339)
Repayment of loans
26,553
(110,967)
Interest received
5,413
Dividends received
36,000
36,000
Share of profits from joint venture
47,192
28,339
Net cash used in investing activities
(103,412)
(685,713)
Financing activities
Repayment of bank loans
207,759
(127,480)
Payment of finance leases obligations
(152,535)
149,463
Net cash generated from financing activities
55,224
21,983
Net (decrease)/increase in cash and cash equivalents
(156,401)
2,010,569
Cash and cash equivalents at beginning of year
1,074,786
(935,783)
Cash and cash equivalents at end of year
918,385
1,074,786
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
- 12 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
26
438,750
837,053
Interest paid
(242,816)
(246,164)
Income taxes paid
(296,714)
(98,787)
Net cash (outflow)/inflow from operating activities
(100,780)
492,102
Investing activities
Purchase of tangible fixed assets
(517,076)
Proceeds from disposal of tangible fixed assets
10,484
Repayment of loans
26,553
(110,967)
Interest received
4,351
Dividends received
117,320
381,743
Net cash (used in)/generated from investing activities
(358,368)
270,776
Financing activities
Repayment of bank loans
207,759
(127,480)
Payment of finance leases obligations
(67,954)
(48,401)
Net cash generated from/(used in) financing activities
139,805
(175,881)
Net (decrease)/increase in cash and cash equivalents
(319,343)
586,997
Cash and cash equivalents at beginning of year
327,617
(259,380)
Cash and cash equivalents at end of year
8,274
327,617
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
1
Accounting policies
Company information
Potter Family Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Village Farm, Catton, Thirsk, North Yorkshire, YO7 4BZ.
The group consists of Potter Family Holdings Limited and all of its subsidiaries.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Business combinations
Subsidiaries are consolidated in the group's financial statements from the date that control commences until the date that control ceases.
1.3
Basis of consolidation
The consolidated group financial statements consist of the financial statements of the parent company Potter Family Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 30 June 2024. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.
Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.
If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.
Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 14 -
1.4
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.5
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.
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.
1.6
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
1.7
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% straight line
Property improvements
4% straight line
Plant and equipment
10% straight line
Motor vehicles
25% reducing balance
Freehold land is not depreciated.
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.
1.8
Fixed asset investments
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 15 -
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 group 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 group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.9
Impairment of fixed assets
At each reporting period end date, the group 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.
1.10
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.
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.
1.11
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.
1.12
Financial instruments
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 16 -
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 group 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 group after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 17 -
Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
1.13
Equity instruments
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
1.14
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax 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 if, and only if, there is 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.
1.15
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.16
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.17
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 18 -
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
1.18
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Judgements and key sources of estimation uncertainty
In the application of the group’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.
3
Turnover and other revenue
2024
2023
£
£
Turnover analysed by class of business
Egg sales
38,168,621
27,234,678
Rent
688,953
6,180
Renewable energy
1,487
2,328
38,859,061
27,243,186
2024
2023
£
£
Other revenue
Interest income
5,413
-
Dividends received
36,000
36,000
Grants received
20,994
20,994
The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 19 -
4
Operating profit
2024
2023
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange (gains)/losses
-
3,980
Government grants
(20,994)
(20,994)
Fees payable to the group's auditor for the audit of the group's financial statements
8,615
8,205
Depreciation of owned tangible fixed assets
494,665
673,834
Loss on disposal of tangible fixed assets
30,364
6,473
Operating lease charges
3,037
12,105
5
Employees
The average monthly number of persons (including directors) employed by the group and company during the year was:
Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Office and management
13
12
3
3
Drivers
5
5
-
-
Production
44
38
-
-
Total
62
55
3
3
Their aggregate remuneration comprised:
Group
Company
2024
2023
2024
2023
£
£
£
£
Wages and salaries
1,468,608
1,265,390
Social security costs
132,169
115,852
-
-
Pension costs
27,907
18,956
1,628,684
1,400,198
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 20 -
6
Interest receivable and similar income
2024
2023
£
£
Interest income
Other interest income
5,413
-
Income from fixed asset investments
Income from shares in group undertakings
36,000
36,000
Income from participating interests - joint ventures
47,192
28,339
Total income
88,605
64,339
7
Interest payable and similar expenses
2024
2023
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
193,594
184,853
Other finance costs:
Interest on finance leases and hire purchase contracts
65,062
118,151
Other interest
12,306
4,586
Total finance costs
270,962
307,590
8
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
526,508
41,709
Adjustments in respect of prior periods
(137)
Total current tax
526,371
41,709
Deferred tax
Origination and reversal of timing differences
(29,121)
31,101
Total tax charge
497,250
72,810
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
8
Taxation
(Continued)
- 21 -
The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
2024
2023
£
£
Profit before taxation
1,984,232
841,409
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 19.00%)
496,058
159,868
Tax effect of expenses that are not deductible in determining taxable profit
23,968
Tax effect of income not taxable in determining taxable profit
(11,798)
(5,384)
Permanent capital allowances in excess of depreciation
27,280
(19,595)
Under/(over) provided in prior years
(137)
Tax at marginal rate
(86,340)
Dividend income
(9,000)
(6,840)
Movement in deferred tax
(29,121)
31,101
Taxation charge
497,250
72,810
9
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
285,000
Amortisation and impairment
At 1 July 2023 and 30 June 2024
285,000
Carrying amount
At 30 June 2024
At 30 June 2023
The company had no intangible fixed assets at 30 June 2024 or 30 June 2023.
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 22 -
10
Tangible fixed assets
Group
Freehold land and buildings
Property improvements
Plant and equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
7,257,118
1,887,421
4,870,618
450,637
14,465,794
Additions
257,076
93,790
292,810
643,676
Disposals
(18,873)
(982,696)
(304,924)
(221,085)
(1,527,578)
At 30 June 2024
7,495,321
998,515
4,858,504
229,552
13,581,892
Depreciation and impairment
At 1 July 2023
758,113
732,008
2,546,591
324,333
4,361,045
Depreciation charged in the year
(61,659)
76,877
452,952
26,495
494,665
Eliminated in respect of disposals
(542,637)
(280,947)
(201,332)
(1,024,916)
At 30 June 2024
696,454
266,248
2,718,596
149,496
3,830,794
Carrying amount
At 30 June 2024
6,798,867
732,267
2,139,908
80,056
9,751,098
At 30 June 2023
6,499,005
1,155,413
2,324,027
126,304
10,104,749
Company
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 July 2023
5,561,800
1,326,858
6,888,658
Additions
257,076
260,000
517,076
Disposals
(10,484)
(10,484)
At 30 June 2024
5,808,392
1,586,858
7,395,250
Depreciation and impairment
At 1 July 2023
521,229
348,988
870,217
Depreciation charged in the year
(86,366)
143,519
57,153
At 30 June 2024
434,863
492,507
927,370
Carrying amount
At 30 June 2024
5,373,529
1,094,351
6,467,880
At 30 June 2023
5,040,571
977,870
6,018,441
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 23 -
11
Fixed asset investments
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Investments in subsidiaries
12
1,500
1,500
Investments in joint ventures
221,124
173,932
221,124
173,932
1,500
1,500
Movements in fixed asset investments
Group
Shares in joint ventures
£
Cost or valuation
At 1 July 2023
173,932
Additions
47,192
At 30 June 2024
221,124
Carrying amount
At 30 June 2024
221,124
At 30 June 2023
173,932
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 July 2023 and 30 June 2024
1,500
Carrying amount
At 30 June 2024
1,500
At 30 June 2023
1,500
12
Subsidiaries
Details of the company's subsidiaries at 30 June 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Yorkshire Farmhouse Eggs Limited
Village Farm, Catton, Thirsk North Yorkshire, YO7 4SQ
Ordinary
100.00
-
Hoads Farm Limited
Village Farm, Catton, Thirsk North Yorkshire, YO7 4SQ
Ordinary
0
100.00
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 24 -
13
Stocks
Group
Company
2024
2023
2024
2023
£
£
£
£
Finished goods and goods for resale
780,414
739,252
14
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
5,729,316
4,322,932
Corporation tax recoverable
854,644
920,277
492,395
492,395
Amounts owed by group undertakings
-
-
-
2,000
Other debtors
1,976,174
1,593,098
1,889,291
1,488,384
Prepayments and accrued income
35,525
40,691
1,251
8,595,659
6,876,998
2,381,686
1,984,030
15
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans
17
406,447
220,545
406,447
220,545
Obligations under finance leases
18
148,582
152,535
71,890
67,954
Trade creditors
1,467,305
1,148,452
38,280
24,575
Amounts owed to group undertakings
55
Corporation tax payable
526,468
373,363
112,063
296,714
Other taxation and social security
40,593
46,675
-
8,612
Government grants
20
20,994
20,994
Other creditors
1,304,908
1,929,638
Accruals and deferred income
76,357
112,631
14,324
18,580
3,991,654
4,004,833
643,059
636,980
16
Creditors: amounts falling due after more than one year
Group
Company
2024
2023
2024
2023
Notes
£
£
£
£
Bank loans and overdrafts
17
3,134,216
3,112,359
3,134,216
3,112,359
Obligations under finance leases
18
947,552
1,096,134
545,088
616,978
Government grants
20
62,983
83,977
4,144,751
4,292,470
3,679,304
3,729,337
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 25 -
17
Loans and overdrafts
Group
Company
2024
2023
2024
2023
£
£
£
£
Bank loans
3,540,663
3,332,904
3,540,663
3,332,904
Payable within one year
406,447
220,545
406,447
220,545
Payable after one year
3,134,216
3,112,359
3,134,216
3,112,359
The overdraft and loans are secured by a fixed and floating charge over the group's assets.
18
Finance lease obligations
Group
Company
2024
2023
2024
2023
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
148,582
152,535
71,890
67,954
In two to five years
947,552
1,096,134
545,088
616,978
1,096,134
1,248,669
616,978
684,932
Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets.
19
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
Liabilities
Liabilities
2024
2023
Group
£
£
Accelerated capital allowances
514,378
543,499
Liabilities
Liabilities
2024
2023
Company
£
£
Accelerated capital allowances
260,807
228,881
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
19
Deferred taxation
(Continued)
- 26 -
Group
Company
2024
2024
Movements in the year:
£
£
Liability at 1 July 2023
543,499
228,881
(Credit)/charge to profit or loss
(29,121)
31,926
Liability at 30 June 2024
514,378
260,807
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.
20
Government grants
Group
Company
2024
2023
2024
2023
£
£
£
£
Arising from government grants
83,977
104,971
-
-
Deferred income is included in the financial statements as follows:
Current liabilities
20,994
20,994
Non-current liabilities
62,983
83,977
83,977
104,971
-
-
21
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
27,907
18,956
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
22
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3,000
3,000
3,000
3,000
23
Related party transactions
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
23
Related party transactions
(Continued)
- 27 -
The company received rent of £688,953 (2023: NIL), management fees of £300,000 (2023: NIL) and recharged expenses of £246,450 (2023: £30,263) from Potters Farm Production LLP, a limited liability partnership in which the directors are designated members. At the year end £407,906 (2023: £1,257,452) was included in other debtors, £29,363 (2023: £2,808) was included in trade creditors and £1,102,071 (2023: £9,457) was included in trade debtors.
The group made sales of £107,502 (2023: £92,462) to, purchases of £14,662,290 (2023: £12,099,750) from, received rent of £688,953 (2023: NIL) from, received management fees of £300,000 (2023: NIL), recharged expenses of £246,450 (2023: £30,263) and sold land, buildings and machinery of £423,351 (2023: NIL) to Potters Farm Production LLP, a limited liability partnership in which the directors are designated members. At the year end £(859,859) (2023: £30,614) was included in other creditors, £407,906 (2023: £1,257,452), £2,194,750 (2023: £1,908,473) was included in trade creditors and £1,103,758 (2023: £17,900) was included in trade debtors.
The group made sales of £156,576 (2023: £78,984) to, purchases of £137,856 (2023: £118,908) from Wood Farm Freerange Eggs Limited, a company in which there is a 50% investment. At the year end £17,609 (2023: £14,952) was included in trade debtors and £26,820 (2023: £5,580) was included in trade creditors.
The group made sales of £NIL (2023: £NIL) to J R & S J Potter, a partnership in which J R Potter and S J Potter are partners. At the year end £NIL (2023: £678) was included in trade debtors.
All transactions took place on normal commercial terms. the outstanding balances are unsecured, interest free and repayable on demand.
24
Directors' transactions
At the year end there was an overdrawn director's loan account of £197,731 (2023: £224,284). The maximum outstanding amount during the year was £197,731 (2023: £224,284). The loan is repayable on demand.
25
Cash generated from group operations
2024
2023
£
£
Profit after taxation
1,486,982
768,599
Adjustments for:
Taxation charged
497,250
72,810
Finance costs
270,962
307,590
Investment income
(88,605)
(64,339)
Loss on disposal of tangible fixed assets
30,364
6,473
Depreciation and impairment of tangible fixed assets
494,665
673,834
Movements in working capital:
Increase in stocks
(41,162)
(362,463)
Increase in debtors
(1,810,847)
(273,045)
(Decrease)/increase in creditors
(348,233)
1,885,548
Decrease in deferred income
(20,994)
(20,995)
Cash generated from operations
470,382
2,994,012
POTTER FAMILY HOLDINGS LIMITED CONSOLIDATED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 28 -
26
Cash generated from operations - company
2024
2023
£
£
Profit/(loss) after taxation
539,780
(222,716)
Adjustments for:
Taxation charged
143,989
90,860
Finance costs
242,816
246,164
Investment income
(121,671)
(381,743)
Depreciation and impairment of tangible fixed assets
57,153
243,922
Movements in working capital:
(Increase)/decrease in debtors
(424,209)
855,745
Increase in creditors
892
4,821
Cash generated from operations
438,750
837,053
27
Analysis of changes in net debt - group
1 July 2023
Cash flows
30 June 2024
£
£
£
Cash at bank and in hand
1,074,786
(156,401)
918,385
Borrowings excluding overdrafts
(3,332,904)
(207,759)
(3,540,663)
Obligations under finance leases
(1,248,669)
152,535
(1,096,134)
(3,506,787)
(211,625)
(3,718,412)
28
Analysis of changes in net debt - company
1 July 2023
Cash flows
30 June 2024
£
£
£
Cash at bank and in hand
327,617
(319,343)
8,274
Borrowings excluding overdrafts
(3,332,904)
(207,759)
(3,540,663)
Obligations under finance leases
(684,932)
67,954
(616,978)
(3,690,219)
(459,148)
(4,149,367)
2024-06-302023-07-01falsefalseCCH SoftwareCCH Accounts Production 2025.100Mr A G PotterMr J R PotterMrs S J Potterfalse09984032bus:Consolidated2023-07-012024-06-30099840322023-07-012024-06-3009984032bus:Director12023-07-012024-06-3009984032bus:Director32023-07-012024-06-3009984032bus:Director22023-07-012024-06-3009984032bus:RegisteredOffice2023-07-012024-06-3009984032bus:Agent12023-07-012024-06-30099840322024-06-3009984032bus:Consolidated2024-06-3009984032bus:Consolidated2022-07-012023-06-30099840322022-07-012023-06-3009984032bus:Consolidated2023-06-30099840322023-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2024-06-3009984032core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2024-06-3009984032core:PlantMachinerybus:Consolidated2024-06-3009984032core:MotorVehiclesbus:Consolidated2024-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-06-3009984032core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-06-3009984032core:PlantMachinerybus:Consolidated2023-06-3009984032core:MotorVehiclesbus:Consolidated2023-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssets2024-06-3009984032core:PlantMachinery2024-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-3009984032core:PlantMachinery2023-06-3009984032core:ShareCapitalbus:Consolidated2024-06-3009984032core:ShareCapitalbus:Consolidated2023-06-3009984032core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-06-3009984032core:ShareCapital2024-06-3009984032core:ShareCapital2023-06-3009984032core:RetainedEarningsAccumulatedLosses2024-06-3009984032core:RetainedEarningsAccumulatedLosses2023-06-3009984032bus:Consolidated12023-07-012024-06-3009984032bus:Consolidated12022-07-012023-06-3009984032bus:Consolidated2022-06-30099840322022-06-3009984032core:Goodwill2023-07-012024-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssets2023-07-012024-06-3009984032core:LandBuildingscore:LongLeaseholdAssets2023-07-012024-06-3009984032core:PlantMachinery2023-07-012024-06-3009984032core:MotorVehicles2023-07-012024-06-3009984032core:UKTaxbus:Consolidated2023-07-012024-06-3009984032core:UKTaxbus:Consolidated2022-07-012023-06-3009984032bus:Consolidated22023-07-012024-06-3009984032bus:Consolidated22022-07-012023-06-3009984032bus:Consolidated32023-07-012024-06-3009984032bus:Consolidated32022-07-012023-06-3009984032core:Goodwillbus:Consolidated2023-06-3009984032core:Goodwillbus:Consolidated2024-06-3009984032core:Goodwillbus:Consolidated2023-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-06-3009984032core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-06-3009984032core:PlantMachinerybus:Consolidated2023-06-3009984032core:MotorVehiclesbus:Consolidated2023-06-3009984032bus:Consolidated2023-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssets2023-06-3009984032core:PlantMachinery2023-06-30099840322023-06-3009984032core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-07-012024-06-3009984032core:LandBuildingscore:LeasedAssetsHeldAsLesseebus:Consolidated2023-07-012024-06-3009984032core:PlantMachinerybus:Consolidated2023-07-012024-06-3009984032core:MotorVehiclesbus:Consolidated2023-07-012024-06-3009984032core:Subsidiary12023-07-012024-06-3009984032core:Subsidiary22023-07-012024-06-3009984032core:Subsidiary112023-07-012024-06-3009984032core:Subsidiary222023-07-012024-06-3009984032core:CurrentFinancialInstruments2024-06-3009984032core:CurrentFinancialInstruments2023-06-3009984032core:CurrentFinancialInstrumentsbus:Consolidated2024-06-3009984032core:CurrentFinancialInstrumentsbus:Consolidated2023-06-3009984032core:WithinOneYearbus:Consolidated2024-06-3009984032core:WithinOneYearbus:Consolidated2023-06-3009984032core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3009984032core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3009984032core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2024-06-3009984032core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2023-06-3009984032core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3009984032core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3009984032core:Non-currentFinancialInstrumentsbus:Consolidated2024-06-3009984032core:Non-currentFinancialInstrumentsbus:Consolidated2023-06-3009984032core:Non-currentFinancialInstruments2024-06-3009984032core:Non-currentFinancialInstruments2023-06-3009984032core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2024-06-3009984032core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-06-3009984032core:WithinOneYear2024-06-3009984032core:WithinOneYear2023-06-3009984032core:BetweenTwoFiveYearsbus:Consolidated2024-06-3009984032core:BetweenTwoFiveYearsbus:Consolidated2023-06-3009984032core:BetweenTwoFiveYears2024-06-3009984032core:BetweenTwoFiveYears2023-06-3009984032bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009984032bus:FRS1022023-07-012024-06-3009984032bus:Audited2023-07-012024-06-3009984032bus:ConsolidatedGroupCompanyAccounts2023-07-012024-06-3009984032bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP