Company registration number 03748320 (England and Wales)
PROVU COMMUNICATIONS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PROVU COMMUNICATIONS LTD
COMPANY INFORMATION
Directors
D S Garland
M W Bajwa
G A Van Lopik
A Marzec-Smith
J Carl
(Appointed 2 September 2024)
Company number
03748320
Registered office
Savile Mill
Savile Street
Milnsbridge
Huddersfield
HD3 4PG
Accountants
Wheawill & Sudworth Limited
Chartered Accountants
35 Westgate
Huddersfield
West Yorkshire
HD1 1PA
Bankers
Lloyds Bank plc
27 Commercial Street
Halifax
West Yorkshire
HX1 1BB
PROVU COMMUNICATIONS LTD
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Accountants' report
4
Profit and loss account
5
Balance sheet
6
Statement of changes in equity
7
Notes to the financial statements
8 - 15
The following pages do not form part of the statutory financial statements
PROVU COMMUNICATIONS LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present their strategic report for the year ended 30 April 2025. The directors, in preparing this strategic report, have complied with s414C of the Companies Act 2006

Review of the business

ProVu Communications supplies Customer Premise Equipment (CPE) hardware and software to the telecoms and IT industry in the field of VoIP. The company overlays its own associated services and technical expertise to its product set.

 

Turnover for the year was £14.8m, a 7.2% increase on 2024. Company operating profit for 2025 was £1,253k compared to £1,126k in 2024. Gross margins saw a slight increase year on year. Administrative costs increased due to the strengthening of the Board and additional resources recruited in line with significantly increased growth in the final quarter and into the next financial year.

 

The Board was restructured in the year to strengthen operational performance. A new Managing Director was recruited in September 2024. The two Directors that resigned during the year were largely focussing their time on another company under common ownership.

 

The company maintained a healthy cash balance at the end of the year through close control of working capital and aged trade debt.

 

The company has an experienced and loyal workforce that continue to react in innovative ways to challenges.

 

The Directors of the company have acted in a way which is likely to promote the success of the company for the benefits of its members as a whole and in doing so had regard (among other matters) to:

 

•     the likely consequences of any decision in the long term;

•     the interests of the company's employees;

•     the need to foster the company's business relationships with suppliers, customers and others;

•     the impact of the company's operations on the community and the environment,

•     the desirability of the company maintaining a reputation for high standards of business conduct; and

•     the need to act fairly as between members of the company.

 

Employee engagement is at the heart of our culture. Employees are consulted on decisions which affect them and kept informed of changes in the company and company performance through quarterly MD updates and a monthly newsletter.

 

The Company has an active apprenticeship programme in place to boost employment opportunities in the communities we work in. The company contributes to charitable causes, encouraging and matching fundraising across its teams.

The company remains in a good position with the demand for its products and services remaining strong.

Principal risks and uncertainties

Strong competition in the market continues to put pressure on price and margin. The company mitigates this by continuing to foster excellent close relationships with Its customers and suppliers.

 

Exchange rate risks are mitigated by managing FX contracts to reduce volatility.

Extraordinary Item

During the previous financial year the Board undertook a strategic review aimed at maximising the future trading potential of the two trading companies in the Group, ProVu Communications Ltd and Alliot Technologies Ltd.

 

As a result of the strategic review the two companies became separate legal entities within their own Groups with more focussed senior management teams aimed at driving growth. The Board recognises the short term impact the restructure had on the financial statements of the Company but the trading performance this year has improved and continues to do so vindicating the strategic decisions that were made.

PROVU COMMUNICATIONS LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Key performance indicators

The directors consider turnover, gross profit percentage, operating profit before tax and cash position to be the key measures of financial performance. The Company grew turnover to £14.8m for the year. The business prides itself on high levels of customer retention. Gross margin increased marginally to 17.5% (17.2% 2024) in a very competitive market. Operating profit before tax was up 11%. Administrative costs were higher, largely due to planned investment in staff resources. Cash balances remained healthy.

 

In the latter part of the year the company secured several new commercial opportunities that are likely to add significant increases to Its turnover in 2025/26.

On behalf of the board

D S Garland
Director
5 August 2025
PROVU COMMUNICATIONS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Principal activities

ProVu Communications Ltd was a part of the T2100 Group of companies during the year. Its principal activity is the supply of Customer Premise Equipment (CPE) hardware and software to the telecoms and IT industry in the field of VoIP. The company overlays its own associated services and technical expertise to its product set.

Directors

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

D S Garland
A P Hayes
(Resigned 1 April 2025)
C A Herrett
(Resigned 1 April 2025)
M W Bajwa
G A Van Lopik
A Marzec-Smith
J Carl
(Appointed 2 September 2024)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
D S Garland
Director
5 August 2025
PROVU COMMUNICATIONS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PROVU COMMUNICATIONS LTD FOR THE YEAR ENDED 30 APRIL 2025
- 4 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Provu Communications Ltd for the year ended 30 April 2025 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Provu Communications Ltd, as a body, in accordance with the terms of our engagement letter dated 29 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Provu Communications Ltd and state those matters that we have agreed to state to the board of directors of Provu Communications Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Provu Communications Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Provu Communications Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Provu Communications Ltd. You consider that Provu Communications Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Provu Communications Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wheawill & Sudworth Limited
5 August 2025
Chartered Accountants
35 Westgate
Huddersfield
West Yorkshire
HD1 1PA
PROVU COMMUNICATIONS LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
2025
2024
Notes
£
£
Turnover
14,853,845
13,900,394
Other operating income
288,582
156,718
Raw materials and consumables
(11,834,525)
(11,190,759)
Other external expenses
(410,340)
(315,528)
Staff costs
3
(1,338,276)
(1,096,957)
Depreciation
(20,610)
(15,161)
Other operating expenses
(285,361)
(312,371)
Operating profit
1,253,315
1,126,336
Interest receivable and similar income
10,260
602
Other gains and losses
-
(1,286,604)
Profit/(loss) before taxation
1,263,575
(159,666)
Tax on profit/(loss)
5
(316,805)
(287,666)
Profit/(loss) for the financial year
946,770
(447,332)

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

PROVU COMMUNICATIONS LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 6 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
7
19,651
21,333
Current assets
Stocks
1,709,719
1,183,123
Debtors
8
3,040,404
1,972,304
Cash at bank and in hand
1,040,902
1,261,378
5,791,025
4,416,805
Creditors: amounts falling due within one year
9
(2,585,900)
(1,949,643)
Net current assets
3,205,125
2,467,162
Total assets less current liabilities
3,224,776
2,488,495
Provisions for liabilities
2,757
1,678
Net assets
3,227,533
2,490,173
Capital and reserves
Called up share capital
11
400
400
Profit and loss reserves
3,227,133
2,489,773
Total equity
3,227,533
2,490,173

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 August 2025 and are signed on its behalf by:
D S Garland
Director
Company registration number 03748320 (England and Wales)
PROVU COMMUNICATIONS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2023
400
4,124,337
4,124,737
Year ended 30 April 2024:
Loss and total comprehensive income
-
(447,332)
(447,332)
Dividends
6
-
(1,187,232)
(1,187,232)
Balance at 30 April 2024
400
2,489,773
2,490,173
Year ended 30 April 2025:
Profit and total comprehensive income
-
946,770
946,770
Dividends
6
-
(209,410)
(209,410)
Balance at 30 April 2025
400
3,227,133
3,227,533
PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
1
Accounting policies
Company information

Provu Communications Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Savile Mill, Savile Street, Milnsbridge, Huddersfield, HD3 4PG.

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

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

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.3
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:

Building alterations
over the lease period
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computer equipment
25% straight line
Demo Stock
100% straight line
New warehouse offices
Over the lease period

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.

PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 9 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.6
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.

1.7
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.

PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 10 -
Basic financial assets

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

Classification of financial liabilities

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

Basic financial liabilities

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

 

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

 

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

1.8
Equity instruments

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

1.9
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.

PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 11 -
1.10
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.

1.11
Retirement benefits

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

1.12
Leases

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.

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.

3
Employees

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

2025
2024
Number
Number
Total
25
24
4
Other gains and losses

Loans written off to Alliot Technologies Limited £Nil (2024 - £1,286,604).

.

5
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
317,884
290,500
PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
5
Taxation
2025
2024
£
£
(Continued)
- 12 -
Deferred tax
Origination and reversal of timing differences
(1,079)
(2,834)
Total tax charge
316,805
287,666
6
Dividends
2025
2024
£
£
Final paid
209,410
260,000
Dividend re-restructure
-
0
927,232
209,410
1,187,232
PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 13 -
7
Tangible fixed assets
Building alterations
Plant and equipment
Fixtures and fittings
Computer equipment
Demo Stock
New warehouse offices
Total
£
£
£
£
£
£
£
Cost
At 1 May 2024
261,057
12,268
27,739
128,363
18,931
-
0
448,358
Additions
-
0
-
0
-
0
14,350
-
0
4,578
18,928
Disposals
-
0
-
0
(27,739)
(77,899)
-
0
-
0
(105,638)
At 30 April 2025
261,057
12,268
-
0
64,814
18,931
4,578
361,648
Depreciation and impairment
At 1 May 2024
261,057
9,480
22,892
114,665
18,931
-
0
427,025
Depreciation charged in the year
-
0
2,788
4,847
12,975
-
0
-
0
20,610
Eliminated in respect of disposals
-
0
-
0
(27,739)
(77,899)
-
0
-
0
(105,638)
At 30 April 2025
261,057
12,268
-
0
49,741
18,931
-
0
341,997
Carrying amount
At 30 April 2025
-
0
-
0
-
0
15,073
-
0
4,578
19,651
At 30 April 2024
-
0
2,788
4,847
13,698
-
0
-
0
21,333
PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 14 -
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,025,669
1,696,145
Other debtors
1,518
3,906
Prepayments and accrued income
1,013,217
272,253
3,040,404
1,972,304
9
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,376,754
1,200,005
Amounts owed to related undertakings
350,000
-
0
Corporation tax
147,354
119,441
Other taxation and social security
566,117
445,605
Other creditors
5,395
5,102
Accruals and deferred income
140,280
179,490
2,585,900
1,949,643
10
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
(2,757)
(1,678)
2025
Movements in the year:
£
Asset at 1 May 2024
(1,678)
Credit to profit or loss
(1,079)
Asset at 30 April 2025
(2,757)
PROVU COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 15 -
11
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A ordinary of £1 each
190
190
190
190
B ordinary of £1 each
120
120
120
120
C ordinary of £1 each
30
30
30
30
D ordinary of £1 each
20
20
20
20
E ordinary of £1 each
20
20
20
20
F ordinary of £1 each
20
20
20
20
400
400
400
400

The F Ordinary shares of £1 each do not carry any voting rights. Otherwise the various classes of share rank pari passu.

12
Operating lease commitments
Lessee

[General description if appropriate]

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

2025
2024
£
£
27,500
71,500
13
Related parties

Included in creditors is a loan to other related undertakings amounting to £350,000 (2024: £Nil). The loan is unsecured, repayable on demand and interest free.

14
Controlling party

The company is a wholly owned subsidiary of Provu Group Limited. This company is controlled by the trustees of the PJB Business Property Will Trust.

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