Company registration number 00837766 (England and Wales)
TRIMLINE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2025
30 September 2025
TRIMLINE LIMITED
COMPANY INFORMATION
Directors
Mr Nicholas Farrell
Mr Ross Welham
Mr David Marley
(Appointed 3 October 2025)
Company number
00837766
Registered office
Unit 2 Fulcrum 6, Solent Way
Whiteley
United Kingdom
PO15 7QQ
Auditor
Sumer Auditco Limited
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 3LG
TRIMLINE LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Statement of comprehensive income
10
Balance sheet
9
Statement of changes in equity
11
Statement of cash flows
12
Notes to the financial statements
13 - 26
TRIMLINE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The directors present the strategic report for the year ended 30 September 2025.

Review of the business

Trimline has delivered an exceptionally strong trading performance in 2025. Turnover increased significantly to £22.28 million (2024: £12.52 million), reflecting both a surge in major cruise refit projects and continued momentum in the wider marine interior market. This represents an increase of more than £9.7 million year-on-year, marking the highest revenue level in recent years.

Gross profit rose accordingly to £6.00 million (2024: £4.02 million), maintaining healthy margins despite the operational pressures associated with rapid scale-up. The substantial uplift in activity demonstrates that the company’s investment in strengthening project delivery capacity over the past two years is now translating into material financial results.

Administrative expenses increased to £4.47 million (2024: £3.09 million), consistent with the continued expansion of staffing, operational capability and support functions necessary to service a larger and more complex project portfolio.

Operating profit reached £2.0 8 million, more than double the previous year’s £0.9 8 million, and profit before taxation increased to £2.10 million (2024: £0.9 9 million). Profit for the financial year rose to £1.57 million, compared with £0.80 million in 2024.

The balance sheet continues to strengthen. Net assets stand at £3.55 million (2024: £6.87 million), with movement primarily driven by the distribution of prior-year retained earnings. Cash and bank balances remain robust at £3.15 million, supporting healthy liquidity for ongoing operational and strategic investment.

Across the year, Trimline has capitalised on the strong recovery of the cruise industry, successfully delivering large-scale refurbishment programmes while investing further in people, infrastructure and systems to support sustainable growth.

Principal risks and uncertainties

The principal risks affecting the company continue to evolve as the scale and complexity of operational activity increases:
1. Market and Economic Volatility

While demand has grown significantly through 2025, global economic pressures, fuel prices and cruise operator financing cycles may impact future refurbishment spending. Trimline remains vigilant in monitoring customer order pipelines and sector trends.

2. Operational Delivery Risks

With ongoing growth in project value and complexity, risks remain around delivery timelines, subcontractor performance and cost control. Continued investment in project management capability, scheduling tools, supplier oversight and internal QA processes aims to mitigate these risks.

3. Supply Chain and Material Availability

The marine interiors sector continues to experience global pressure on specialist materials, extended lead times and price fluctuations. Trimline is actively strengthening supplier relationships and increasing forward-planning practices to ensure resilience.

4. Regulatory and Environmental Compliance

As environmental standards in the cruise and maritime sector become more stringent, compliance requirements and associated costs may rise. Trimline continues to invest in sustainable materials, waste reduction processes and energy-efficient solutions to align with client and industry expectations.

TRIMLINE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
Outlook for the future

Trimline is well-positioned for continued growth. The substantial increase in revenue and operating profit in 2025 reflects the early stages of a strong multi-year pipeline of cruise refurbishment projects. The company expects this trend to continue as operators accelerate investment in fleet refits and sustainability upgrades.

Key strategic priorities for 2026 and beyond include:

• Scaling Project Delivery Capacity: Further strengthening project management, commercial, logistics and installation teams to manage multiple concurrent large-scale projects.

• Technology and Process Improvement: Investing in digital project-tracking tools, estimating systems and enhanced operational reporting to support margin control and efficiency.

• Sustainability Leadership: Embedding environmentally responsible materials, processes and solutions across all refurbishment disciplines to meet evolving client requirements.

• Client Partnership Development: Deepening engagement with major cruise lines to secure long-term refurbishment programmes and preferred-supplier opportunities.

• Talent Attraction and Development: Continuing to expand and retain high-calibre technical and management talent to support long-term scalability.

Trimline enters the new financial year with a strong platform for growth, a solid financial position and a clear strategic direction aligned with the expanding opportunities in the global cruise refurbishment market.

Key performance indicators

The company monitors several key financial and operational metrics:

• Revenue Growth: Turnover increased to £22.28m, a year-on-year rise of 78%, reflecting major project wins and expanded delivery capacity.

• Profitability: Operating profit increased to £2.0 8 m, demonstrating effective cost management during a period of rapid scaling.

• Liquidity: Cash at bank of £3.15m underpins strong short-term financial resilience.

• Asset Strength: Total assets less current liabilities stand at £3.61 m, supporting the company’s ability to invest for growth.

• Client Confidence: Repeat business from major cruise operators continues to increase, reinforcing Trimline’s market position as a leading interior outfitting partner.

On behalf of the board

Mr Nicholas Farrell
Director
27 January 2026
TRIMLINE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -

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

Principal activities

The principal activity of the company continued to be that of interior outfitting and repairs to the interiors of marine vessels including supply and installation of associates furniture and manufactured soft furnishing.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £4,895,534 (2024 - £100,000). The directors do not recommend payment of a final dividend (2024 - £Nil).

Directors

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

Mr Nicholas Farrell
Mr Ross Welham
Mr David Marley
(Appointed 3 October 2025)
Auditor

The auditor, Sumer Auditco Limited, will be proposed for reappointment in accordance with section 485 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; and

- 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.

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.

TRIMLINE LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
On behalf of the board
Mr Nicholas Farrell
Director
27 January 2026
TRIMLINE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TRIMLINE LIMITED
- 5 -
Opinion

We have audited the financial statements of Trimline Limited (the 'company') for the year ended 30 September 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the 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 company's affairs as at 30 September 2025 and of its 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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.

Other information

The other information comprises the information included in the strategic report and the report of the directors 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' r eport 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.

TRIMLINE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TRIMLINE LIMITED (CONTINUED)
- 6 -
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 identifie d material misstatements in the strategic report or the directors' r eport.

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 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' r esponsibilities s tatement, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.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:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience and through discussions and enquiries of the Directors and management. During the engagement team briefing, the outcomes of these discussions were shared with the team, as well as consideration as to where and how fraud may occur in the Company.

TRIMLINE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TRIMLINE LIMITED (CONTINUED)
- 7 -

The following laws and regulations were identified as being of significance to the Company:

- Those laws and regulations considered to have a direct effect on the financial statements including UK financial reporting standards, UK taxation legislation and UK Company Law; and

- Those laws and regulations considered to have an indirect effect on the financial statements including GDPR. [Health and Safety Legislation, Maritime and Marine-specific regs (Safety of Life at Sea (SOLAS), Marine Equipment Directove (MED, IMO (Internation Marine Orgnisation) regs), Employment and Labour Law, Data Protection and Privacy, Contract and Commercial Law)

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the Company complies with such regulations; enquiries of management and those charged with governance concerning any actual or potential litigation or claims, inspection of relevant legal documentation, review of Board minutes, testing of journal entries, performance of analytical review to identify any unexpected movements in account balances which may be indicative of fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

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.

Use of our 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.

John Perry (Senior Statutory Auditor)
For and on behalf of Sumer Auditco Limited
Chartered Accountants
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 3LG
28 January 2026
TRIMLINE LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
22,276,863
12,517,532
Cost of sales
(16,271,917)
(8,493,051)
Gross profit
6,004,946
4,024,481
Administrative expenses
(4,469,067)
(3,087,677)
Other operating income
546,430
44,750
Operating profit
4
2,082,309
981,554
Interest receivable and similar income
8
49,292
31,836
Interest payable and similar expenses
7
(34,400)
(28,142)
Profit before taxation
2,097,201
985,248
Tax on profit
9
(528,248)
(185,279)
Profit for the financial year
1,568,953
799,969

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

The notes on pages 13 to 26 form part of these financial statements.

TRIMLINE LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
11
152,507
174,403
Tangible assets
12
667,584
786,626
820,091
961,029
Current assets
Stocks
13
2,719,081
1,594,777
Debtors
14
6,695,427
7,988,943
Cash at bank and in hand
3,149,769
2,768,825
12,564,277
12,352,545
Creditors: amounts falling due within one year
15
(9,774,948)
(6,235,943)
Net current assets
2,789,329
6,116,602
Total assets less current liabilities
3,609,420
7,077,631
Creditors: amounts falling due after more than one year
16
-
0
(116,243)
Provisions for liabilities
Deferred tax liability
18
62,831
88,218
(62,831)
(88,218)
Net assets
3,546,589
6,873,170
Capital and reserves
Called up share capital
20
5,200
5,200
Profit and loss reserves
3,541,389
6,867,970
Total equity
3,546,589
6,873,170

The notes on pages 13 to 26 form part of these financial statements.

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 January 2026 and are signed on its behalf by:
Mr Nicholas Farrell
Director
Company registration number 00837766 (England and Wales)
TRIMLINE LIMITED
STATEMENT OF COMPREHENSIVE INCOME (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 10 -
2025
2024
£
£
Profit for the year
1,568,953
799,969
Other comprehensive income
-
-
Total comprehensive income for the year
1,568,953
799,969

The notes on pages 13 to 26 form part of these financial statements.

TRIMLINE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 October 2023
5,200
6,168,001
6,173,201
Year ended 30 September 2024:
Profit and total comprehensive income
-
799,969
799,969
Dividends
10
-
(100,000)
(100,000)
Balance at 30 September 2024
5,200
6,867,970
6,873,170
Year ended 30 September 2025:
Profit and total comprehensive income
-
1,568,953
1,568,953
Dividends
10
-
(4,895,534)
(4,895,534)
Balance at 30 September 2025
5,200
3,541,389
3,546,589

The notes on pages 13 to 26 form part of these financial statements.

TRIMLINE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
25
1,459,059
2,129,164
Interest paid
(34,400)
(28,142)
Income taxes paid
(234,639)
-
0
Net cash inflow from operating activities
1,190,020
2,101,022
Investing activities
Purchase of intangible assets
(55,684)
(79,515)
Purchase of tangible fixed assets
(39,198)
(203,959)
Proceeds from disposal of tangible fixed assets
2
4,057
Interest received
49,292
31,836
Net cash used in investing activities
(45,588)
(247,581)
Financing activities
Amount loaned to parent company
-
0
(428,676)
Amount introduced by directors
-
0
39,536
Amount drawn by directors
(40,302)
-
0
Amount repaid by parent company
4,407,329
-
0
Repayment of bank loans
(234,981)
(112,099)
Dividends paid
(4,895,534)
(100,000)
Net cash used in financing activities
(763,488)
(601,239)
Net increase in cash and cash equivalents
380,944
1,252,202
Cash and cash equivalents at beginning of year
2,768,825
1,516,623
Cash and cash equivalents at end of year
3,149,769
2,768,825

The notes on pages 13 to 26 form part of these financial statements.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 13 -
1
Accounting policies
Company information

Trimline Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2 Fulcrum 6, Solent Way, Whiteley, United Kingdom, PO15 7QQ.

The principal activity of the company continued to be that of interior outfitting and repairs to the interiors of marine vessels including supply and installation of associates furniture and manufactured soft furnishing.

1.1
Basis of preparation

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 a mounts 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
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, for the purposes of approving these financial statements this is considered to be a period of 12 months from the date of approval. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue from construction contracts in accordance with Section 23 of FRS 102, using the percentage of completion method. This method requires management to estimate the stage of completion of each contract at the reporting date, which directly affects the amount of revenue and profit recognised.
The stage of completion is determined by reference to the proportion of contract costs incurred for work performed to date relative to the estimated total contract costs. This assessment involves significant judgement, particularly in estimating:

- Total expected costs to complete each contract;

- The physical progress of work performed;

- The impact of any variations, claims, or delays;

- The recoverability of contract assets.

- These estimates are reviewed regularly and updated as new information becomes available. Changes in these estimates may have a material impact on the amount of revenue and profit recognised in future periods.

Management have established internal controls and review procedures to monitor project performance and cost forecasts. However, due to the inherent uncertainties in estimating long-term contract outcomes, actual results may differ from those estimates.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 14 -
1.4
Intangible fixed assets other than goodwill

Intangible assets are recognised from the development of software only if certain specific criteria are met to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are initially measured at cost and subsequently amortised to 'administrative expenses' on a straight-line basis over their expected useful economic lives, which is 3 years.

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:

Development Software
33% on cost
1.5
Tangible fixed assets

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

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

Leasehold improvements
Straight line over the term of the lease (10 years)
Plant and equipment
20% on cost
Fixtures and fittings
20% on cost
Computer equipment
33% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
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.

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.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 15 -
1.7
Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing 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. Reversals of impairment losses are also recognised in profit or loss.

1.8
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.

1.9
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.

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

Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 16 -
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 paymen ts 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. A m ounts 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 s ubsequently 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 th r ough 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.

1.10
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 approved by the shareholders at an annual general meeting.

1.11
Taxation

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

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 17 -
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.

1.12
Retirement benefits

The company operates a defined contribution pension scheme. Payments to said defined contribution retirement benefit scheme are charged as an expense as they fall due.

1.13
Leases
As lessee

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 lease s asset are consumed.

As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

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.

1.14
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.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 18 -
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 following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Capitalisation of development costs

Judgement is applied in assessing the proportion of an individuals salary that is allocated to activity which meets the criteria of capitalisable development costs as set out in FRS102 18.8H.

Critical judgements
Useful economic life of fixed assets

J udgement is applied in assessing the useful economic life of assets and any residual value.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Services provided
22,276,863
12,517,532
2025
2024
£
£
Other revenue
Interest income
49,292
31,836
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses/(gains)
44,092
(19,160)
Fees payable to the company's auditor for the audit of the company's financial statements
24,000
18,600
Depreciation of tangible fixed assets
157,909
145,380
Loss/(profit) on disposal of tangible fixed assets
330
(3,310)
Amortisation of intangible assets
77,580
52,436
Insurance recovery
(450,000)
-
0
Hire of plant and machinery
7,139
13,076
Operating lease charges
392,961
326,855
TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 19 -
5
Employees

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

2025
2024
Number
Number
Technical
6
7
Business Support
5
3
Commercial
3
1
Contract Support
13
10
Directors
2
2
Project Management
11
10
Services
2
-
Total
42
33

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,656,084
1,738,211
Social security costs
247,670
181,919
Pension costs
75,319
68,855
2,979,073
1,988,985
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
196,652
193,846
Company pension contributions to defined contribution schemes
30,000
26,380
226,652
220,226

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 2).

£49,815 (2024: £47,795) of directors' remuneration has been capitalised within computer software intangible fixed assets. £146,837 (£146,051) has been recognised as an expense within administrative expenses in the income statement.

The directors consider themselves to be the key management personnel.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 20 -
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost
Interest on bank overdrafts and loans
34,237
28,174
Other finance costs
Other interest
163
(32)
34,400
28,142
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
49,271
30,722
Other interest income
21
1,114
Total income
49,292
31,836
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
554,785
179,884
Adjustments in respect of prior periods
(1,150)
-
0
Total current tax
553,635
179,884
Deferred tax
Origination and reversal of timing differences
(25,387)
5,395
Total tax charge
528,248
185,279
TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
9
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:

2025
2024
£
£
Profit before taxation
2,097,201
985,248
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
524,300
246,312
Tax effect of expenses that are not deductible in determining taxable profit
716
12,625
Tax effect of income not taxable in determining taxable profit
-
0
(181)
Adjustments in respect of prior years
(1,150)
-
0
Depreciation in excess of capital allowances
24,289
9,322
Capitalised revenue expenditure
-
0
(19,879)
Research and development enhanced expenditure
-
0
(68,315)
Deferred tax charge
(25,387)
5,395
Movement in pension fund
(15,559)
-
0
Other assets not qualifying for capital allowances
1,644
-
0
Non-tax deductible amortisation
19,395
-
0
Taxation charge for the year
528,248
185,279
10
Dividends
2025
2024
£
£
Interim paid
4,895,534
100,000
TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 22 -
11
Intangible fixed assets
Development Software
£
Cost
At 1 October 2024
350,839
Additions - internally developed
55,684
At 30 September 2025
406,523
Amortisation and impairment
At 1 October 2024
176,436
Amortisation charged for the year
77,580
At 30 September 2025
254,016
Carrying amount
At 30 September 2025
152,507
At 30 September 2024
174,403
TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 23 -
12
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 October 2024
1,072,215
97,048
65,678
228,193
99,957
1,563,091
Additions
-
0
5,640
5,150
28,408
-
0
39,198
Disposals
-
0
(4,941)
(708)
-
0
-
0
(5,649)
At 30 September 2025
1,072,215
97,747
70,120
256,601
99,957
1,596,640
Depreciation and impairment
At 1 October 2024
482,698
67,441
22,332
163,349
40,645
776,465
Depreciation charged in the year
72,947
10,908
13,146
45,436
15,472
157,909
Eliminated in respect of disposals
-
0
(4,941)
(377)
-
0
-
0
(5,318)
At 30 September 2025
555,645
73,408
35,101
208,785
56,117
929,056
Carrying amount
At 30 September 2025
516,570
24,339
35,019
47,816
43,840
667,584
At 30 September 2024
589,517
29,607
43,346
64,844
59,312
786,626
13
Stocks
2025
2024
£
£
Raw materials and consumables
544,367
300,974
Work in progress
2,174,714
1,293,803
2,719,081
1,594,777
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,327,801
631,075
Amounts owed by group undertakings
-
0
4,407,329
Other debtors
180,127
853,045
Prepayments and accrued income
187,499
2,097,494
6,695,427
7,988,943

Amounts owed by group undertakings are interest free and repayable on demand.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 24 -
15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
17
-
0
118,738
Trade creditors
1,476,222
1,874,406
Corporation tax
498,948
179,952
Other taxation and social security
59,519
50,462
Other creditors
13,395
55,134
Accruals and deferred income
7,726,864
3,957,251
9,774,948
6,235,943
16
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
17
-
0
116,243
17
Loans and overdrafts
2025
2024
£
£
Bank loans
-
0
234,981
Payable within one year
-
0
118,738
Payable after one year
-
0
116,243
18
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
62,831
88,218
2025
Movements in the year:
£
Liability at 1 October 2024
88,218
Credit to profit or loss
(25,387)
Liability at 30 September 2025
62,831
TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
18
Deferred taxation
(Continued)
- 25 -

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.

19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
75,319
68,855

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.

20
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Alloted, issued and fully paid
Ordinary of £1 each
5,200
5,200
5,200
5,200
21
Operating lease commitments
As 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:

2025
2024
£
£
Within 1 year
228,800
239,772
Years 2-5
915,200
915,200
After 5 years
419,467
648,267
1,563,467
1,803,239
22
Related party transactions

At the balance sheet date £0 (2024 - £40,302) was owed to the directors.

Mr N Farrell is a director of NJJB Investments Limited. During the year the company paid NJJB Investments Limited for services totalling £25,125 (2024 - £25,125). No Amounts were outstanding at the balance sheet date (2024: £nil).

23
Events after the reporting date

On 3 October 2025 Trimline Holdings Limited, the immediate parent undertaking of Trimline Limited, was purchased by Lagan Technical Services Limited.

TRIMLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 26 -
24
Ultimate controlling party

Trimline Holdings Limited is the immediate parent undertaking.

On 3 October 2025, Trimline Holdings Limited was purchased by Lagan Technical Services Limited. After this date, Lagan Specialist Holdings Limited, a company registered in the Isle of Man, became the ultimate parent undertaking.

The directors regard there to be no ultimate controlling party.

Trimline Holdings Limited is a company registered in England and Wales. Copies of the group financial statements of Trimline Holdings Limited are available from its registered office. This is the smallest and largest group that prepares consolidated accounts. Its registered office is Unit 2 Fulcrum 6, Solent Way, Whiteley, England, PO15 7QQ.

25
Cash generated from operations
2025
2024
£
£
Profit after taxation
1,568,953
799,969
Adjustments for:
Taxation charged
528,248
185,279
Finance costs
34,400
28,142
Investment income
(49,292)
(31,836)
Loss/(gain) on disposal of tangible fixed assets
330
(3,310)
Amortisation and impairment of intangible assets
77,580
52,436
Depreciation and impairment of tangible fixed assets
157,909
145,380
Movements in working capital:
Increase in stocks
(1,124,304)
(1,025,282)
Increase in debtors
(3,113,813)
(1,306,149)
Increase in creditors
3,379,049
3,284,535
Cash generated from operations
1,459,060
2,129,164
26
Analysis of changes in net funds
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
2,768,825
380,944
3,149,769
Borrowings excluding overdrafts
(234,981)
234,981
-
2,533,844
615,925
3,149,769
2025-09-30 2024-10-01 false false false CCH Software CCH Accounts Production 2025.300 Mr Nicholas Farrell Mr Ross Welham Mr David Marley 00837766 2024-10-01 2025-09-30 00837766 2025-09-30 00837766 bus:Director1 2024-10-01 2025-09-30 00837766 bus:Director2 2024-10-01 2025-09-30 00837766 bus:Director3 2024-10-01 2025-09-30 00837766 bus:RegisteredOffice 2024-10-01 2025-09-30 00837766 2023-10-01 2024-09-30 00837766 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00837766 core:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 00837766 core:IntangibleAssetsOtherThanGoodwill 2025-09-30 00837766 core:IntangibleAssetsOtherThanGoodwill 2024-09-30 00837766 core:ComputerSoftware 2025-09-30 00837766 core:ComputerSoftware 2024-09-30 00837766 2024-09-30 00837766 core:LeaseholdImprovements 2025-09-30 00837766 core:PlantMachinery 2025-09-30 00837766 core:FurnitureFittings 2025-09-30 00837766 core:ComputerEquipment 2025-09-30 00837766 core:MotorVehicles 2025-09-30 00837766 core:LeaseholdImprovements 2024-09-30 00837766 core:PlantMachinery 2024-09-30 00837766 core:FurnitureFittings 2024-09-30 00837766 core:ComputerEquipment 2024-09-30 00837766 core:MotorVehicles 2024-09-30 00837766 core:CurrentFinancialInstruments 2025-09-30 00837766 core:CurrentFinancialInstruments 2024-09-30 00837766 core:Non-currentFinancialInstruments 2025-09-30 00837766 core:Non-currentFinancialInstruments 2024-09-30 00837766 core:ShareCapital 2025-09-30 00837766 core:ShareCapital 2024-09-30 00837766 core:RetainedEarningsAccumulatedLosses 2025-09-30 00837766 core:RetainedEarningsAccumulatedLosses 2024-09-30 00837766 core:ShareCapital 2023-09-30 00837766 core:RetainedEarningsAccumulatedLosses 2023-09-30 00837766 core:ShareCapitalOrdinaryShareClass1 2025-09-30 00837766 core:ShareCapitalOrdinaryShareClass1 2024-09-30 00837766 bus:AllPreferenceShares 2024-10-01 2025-09-30 00837766 bus:AllPreferenceShares 2023-10-01 2024-09-30 00837766 1 2024-10-01 2025-09-30 00837766 2 2023-10-01 2024-09-30 00837766 3 2024-10-01 2025-09-30 00837766 3 2023-10-01 2024-09-30 00837766 2024-09-30 00837766 2023-09-30 00837766 core:IntangibleAssetsOtherThanGoodwill 2024-10-01 2025-09-30 00837766 core:ComputerSoftware 2024-10-01 2025-09-30 00837766 core:LeaseholdImprovements 2024-10-01 2025-09-30 00837766 core:PlantMachinery 2024-10-01 2025-09-30 00837766 core:FurnitureFittings 2024-10-01 2025-09-30 00837766 core:ComputerEquipment 2024-10-01 2025-09-30 00837766 core:MotorVehicles 2024-10-01 2025-09-30 00837766 2 2024-10-01 2025-09-30 00837766 core:UKTax 2024-10-01 2025-09-30 00837766 core:UKTax 2023-10-01 2024-09-30 00837766 1 2023-10-01 2024-09-30 00837766 4 2024-10-01 2025-09-30 00837766 4 2023-10-01 2024-09-30 00837766 5 2024-10-01 2025-09-30 00837766 5 2023-10-01 2024-09-30 00837766 6 2024-10-01 2025-09-30 00837766 6 2023-10-01 2024-09-30 00837766 7 2024-10-01 2025-09-30 00837766 7 2023-10-01 2024-09-30 00837766 core:ComputerSoftware 2024-09-30 00837766 core:ComputerSoftware core:InternallyGeneratedIntangibleAssets 2024-10-01 2025-09-30 00837766 core:LeaseholdImprovements 2024-09-30 00837766 core:PlantMachinery 2024-09-30 00837766 core:FurnitureFittings 2024-09-30 00837766 core:ComputerEquipment 2024-09-30 00837766 core:MotorVehicles 2024-09-30 00837766 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 00837766 bus:OrdinaryShareClass1 2025-09-30 00837766 bus:OrdinaryShareClass1 2024-09-30 00837766 core:WithinOneYear 2025-09-30 00837766 core:WithinOneYear 2024-09-30 00837766 core:BetweenTwoFiveYears 2025-09-30 00837766 core:BetweenTwoFiveYears 2024-09-30 00837766 core:MoreThanFiveYears 2025-09-30 00837766 core:MoreThanFiveYears 2024-09-30 00837766 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 00837766 bus:FRS102 2024-10-01 2025-09-30 00837766 bus:Audited 2024-10-01 2025-09-30 00837766 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP