Company registration number 00688920 (England and Wales)
HARDER BROS. LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
HARDER BROS. LIMITED
COMPANY INFORMATION
Directors
Mr J C Harder
Mr P M Sharp
Company number
00688920
Registered office
Valley Mills
Valley Road
Morley
Leeds
West Yorkshire
LS27 8EX
Auditor
BHP LLP
New Chartford House
Centurion Way
Cleckheaton
Bradford
West Yorkshire
BD19 3QB
Bankers
Svenska Handelsbanken AB
Fifth Floor
3 The Embankment
Sovereign Street
Leeds
LS1 4BJ
Solicitors
Blacks Solicitors LLP
Second Floor
City Point
29 King Street
Leeds
LS1 2HL
HARDER BROS. LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 26
HARDER BROS. LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Fair review of the business

In the past financial year, after the market value reset stabilised towards the end of the previous trading year the company has seen regular but relatively steady demand for the key products of exported sheep sets and co-products together with finished casings for the UK butchery and larger producers in the sausage trade. Consequently, market buying and selling values have remained stable throughout the year. Nevertheless, we are pleased to report a steady increase in net profitability, attributed to diligent management and scrutiny of operating costs associated with production.

Principal risks and uncertainties

The business environment in which the company operates is subject to various risks and uncertainties such as the ever changing trends in consumers’ food preferences, ongoing research by government veterinary agencies particularly in the EU into possible risk factors in meat and associated by-products and the impact on supply of raw materials in the farming sector and traditional demand opportunities such as BBQ’s by the marked changes in global weather conditions.

However, by keeping well informed through strong connections in the meat industry and membership of relevant national and international Associations the company is confident to be able to navigate these threats with a high degree of awareness and optimism.

Other areas of risk

Operational risk

Operational risks are inherent to our manufacturing process, including potential disruption through equipment failures and occasional labour absenteeism resulting in fluctuations in production efficiency. To mitigate these risks, we have implemented contingency plans for critical operations and maintaining a commitment to repairs and renewals and encouraging staff collaboration and engagement assists in minimising our exposure to such disruptions.

Price risk

It’s recognised that the pressure of price risk is particularly pronounced when exporting our main product onto the international market, so competing with suppliers on a global basis. However, we work hard on maintaining a strong brand with supportive clients that rely on trust and our dedication to care and attention in producing a reliable product.

Liquidity risk

Liquidity risk is managed through careful cash flow forecasting and ongoing assessment of our financial position. Strict planning and anticipation of cash needs is a fundamental activity ensuring sufficient working capital on an ongoing basis to cover predictable operational costs as well an unexpected expenses.

Employee risk

The company recognises the value of its experienced employees in maintaining high product standards and is committed to advancing a mutually supportive culture.

Financial key performance indicators

The directors consider the financial KPI's of the business to be:

| Unit | 20 2 5 | 202 4
Turnover | £ | 13,549,932 | 17,428,834
Gross margin | % | 37 | 2 5
Net Profit | £ | 1,183,189 | 959,076
Cash | £ | 324,700 | 291,831

These are monitored either a weekly or monthly basis and resulting actions are taken as and when necessary.

HARDER BROS. LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Other performance indicators

In addition, non-financial KPI's are delivering a high standard of customer service, maintaining good relationships with suppliers, health & safety compliance and environmental issues.

On behalf of the board

Mr J C Harder
Mr P M Sharp
Director
Director
18 November 2025
18 November 2025
HARDER BROS. LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of the manufacture of natural sausage casings and edible co-products.

Directors

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

Mr J C Harder
Mr P M Sharp
Results and dividends

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

Dividends were paid to the parent undertaking Harder Bros (Holdings) Limited amounting to £1,150,000.

Future developments

The directors will continue to implement business strategies focused on growth, margin improvement, customer service, safety performance, health standards and the development of the customer base.

Auditor

BHP LLP were appointed as auditor to the company 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 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.

On behalf of the board
Mr J C Harder
Mr P M Sharp
Director
Director
18 November 2025
HARDER BROS. LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 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 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.

HARDER BROS. LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HARDER BROS. LIMITED
- 5 -
Opinion

We have audited the financial statements of Harder Bros. Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 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 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' 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.

HARDER BROS. LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HARDER BROS. 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.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the senior statutory auditor ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and r egulations;

•  we identified the laws and regulations applicable to the company through discussions with management, and from our commercial knowledge and experience of the sector;

•  we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environments and health and safety legislation;

•  we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

•  identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•  making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

•  considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

HARDER BROS. LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HARDER BROS. LIMITED (CONTINUED)
- 7 -

To address the risk of fraud through management bias and override of controls, we:

•  performed analytical procedures to identify any unusual or unexpected relationships;

•  tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

•  investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

•  agreeing financial statement disclosures to underlying supporting documentation; and

•  enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Neil Baldwin (Senior Statutory Auditor)
For and on behalf of BHP LLP, Statutory Auditor
Chartered Accountants
New Chartford House
Centurion Way
Cleckheaton
Bradford
West Yorkshire
BD19 3QB
18 November 2025
HARDER BROS. LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
13,549,932
17,428,834
Cost of sales
(8,474,603)
(12,985,591)
Gross profit
5,075,329
4,443,243
Distribution costs
(735,891)
(712,653)
Administrative expenses
(2,737,680)
(2,475,921)
Operating profit
4
1,601,758
1,254,669
Interest receivable and similar income
7
3,517
117,419
Interest payable and similar expenses
8
(66,244)
(93,196)
Amounts written off investments
9
960
(50,305)
Profit before taxation
1,539,991
1,228,587
Tax on profit
10
(356,802)
(269,511)
Profit for the financial year
1,183,189
959,076

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

HARDER BROS. LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
820,696
721,854
Investments
14
300
300
820,996
722,154
Current assets
Stocks
16
737,658
797,031
Debtors
17
4,308,933
4,395,089
Cash at bank and in hand
324,700
291,831
5,371,291
5,483,951
Creditors: amounts falling due within one year
18
(1,862,043)
(1,853,696)
Net current assets
3,509,248
3,630,255
Total assets less current liabilities
4,330,244
4,352,409
Creditors: amounts falling due after more than one year
19
(482,585)
(546,196)
Provisions for liabilities
Deferred tax liability
22
142,410
134,153
(142,410)
(134,153)
Net assets
3,705,249
3,672,060
Capital and reserves
Called up share capital
24
7,830
7,830
Share premium account
8,000
8,000
Capital redemption reserve
1,170
1,170
Profit and loss reserves
3,688,249
3,655,060
Total equity
3,705,249
3,672,060

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 18 November 2025 and are signed on its behalf by:
Mr J C Harder
Mr P M Sharp
Director
Director
Company registration number 00688920 (England and Wales)
HARDER BROS. LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2023
7,830
8,000
1,170
3,545,984
3,562,984
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
-
959,076
959,076
Dividends to parent company
11
-
-
-
(850,000)
(850,000)
Balance at 31 March 2024
7,830
8,000
1,170
3,655,060
3,672,060
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
-
1,183,189
1,183,189
Dividends to parent company
11
-
-
-
(1,150,000)
(1,150,000)
Balance at 31 March 2025
7,830
8,000
1,170
3,688,249
3,705,249
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
1
Accounting policies
Company information

Harder Bros. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Valley Mills, Valley Road, Morley, Leeds, West Yorkshire, LS27 8EX.

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 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.

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

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

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

Harder Bros. Limited is a wholly owned subsidiary of Harder Bros (Holdings) Limited and the results of Harder Bros. Limited are included in the consolidated financial statements of Harder Bros (Holdings) Limited which are available from Valley Mills, Valley Road, Morley, Leeds, West Yorkshire, LS27 8EX.

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. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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.

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -

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 recover able.

1.4
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 property
2% straight line basis (buildings only)
Plant and machinery
15% reducing balance basis
Fixtures and fittings
10% straight line basis
Office equipment
33.3% straight line basis
Motor vehicles
25% reducing balance basis

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.

1.5
Fixed asset investments

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

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

1.6
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.

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -

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.

1.7
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.

1.8
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. Bank overdrafts are shown within borrowings in current liabilities.

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.

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future 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.

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -
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 no longer at the discretion of the company.

1.11
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.

1.12
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.

1.13
Retirement benefits

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

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -
1.14
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.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Assessing indicators of impairment

In assessing whether there have been any indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability and where applicable, the ability of the asset to be operated as planned.

Stock

Management apply a provision to stock to ensure that stock is correctly valued at the lower of cost and net realisable value.

There is uncertainty in terms of future sales of specific stock lines. As such management use judgement to estimate the required stock provision based on the information available to them.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Sale of goods
13,549,932
17,428,834
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Turnover and other revenue
(Continued)
- 17 -
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
8,927,034
6,862,873
Rest of Europe
4,292,922
10,458,081
Rest of the world
329,976
107,880
13,549,932
17,428,834
2025
2024
£
£
Other revenue
Interest income
3,517
5,215
Dividends received
-
112,204
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Exchange losses
24,500
7,654
Fees payable to the company's auditor for the audit of the company's financial statements
13,900
12,620
Depreciation of owned tangible fixed assets
91,267
114,223
Depreciation of tangible fixed assets held under finance leases
65,738
52,848
Loss on disposal of tangible fixed assets
21,915
12,667
5
Employees

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

2025
2024
Number
Number
Production
75
81
Administration
15
14
Sales, marketing and distribution
3
5
Directors
2
2
Total
95
102
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Employees
(Continued)
- 18 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,600,890
2,793,168
Social security costs
358,601
346,795
Pension costs
105,143
87,715
3,064,634
3,227,678
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
240,065
287,915
Company pension contributions to defined contribution schemes
20,000
12,500
260,065
300,415

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

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
120,044
145,065
Company pension contributions to defined contribution schemes
10,000
6,250
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
3,517
5,215
Income from fixed asset investments
Income from shares in group undertakings
-
0
112,204
Total income
3,517
117,419
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
8
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
1,583
20,110
Other interest on financial liabilities
47,911
61,105
Interest on finance leases and hire purchase contracts
9,929
11,981
Other interest
6,821
-
0
66,244
93,196
9
Amounts written off investments
2025
2024
£
£
Gain on disposal of fixed asset investments
960
-
0
Other gains and losses
-
(50,305)
960
(50,305)
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
348,545
285,036
Adjustments in respect of prior periods
-
0
898
Total current tax
348,545
285,934
Deferred tax
Origination and reversal of timing differences
8,257
(16,423)
Total tax charge
356,802
269,511
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10
Taxation
(Continued)
- 20 -

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
1,539,991
1,228,587
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
384,998
307,147
Tax effect of expenses that are not deductible in determining taxable profit
1,477
13,702
Tax effect of income not taxable in determining taxable profit
(29,652)
-
0
Group relief
(21)
(44,129)
Other permanent differences
-
0
151
Under/(over) provided in prior years
-
0
898
Movement in deferred tax not recognised
-
0
(8,258)
Taxation charge for the year
356,802
269,511
11
Dividends
2025
2024
£
£
Final paid to parent company
1,150,000
850,000
12
Impairments

Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss:

2025
2024
Notes
£
£
In respect of:
Fixed asset investments
14
-
50,305
Recognised in:
Amounts written off investments
-
50,305

The impairment losses in respect of financial assets are recognised in other gains and losses in the profit and loss account.

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
13
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
14,322
1,340,065
32,922
45,180
664,236
2,096,725
Additions
-
0
3,724
-
0
655
308,479
312,858
Disposals
-
0
-
0
-
0
-
0
(218,823)
(218,823)
At 31 March 2025
14,322
1,343,789
32,922
45,835
753,892
2,190,760
Depreciation and impairment
At 1 April 2024
3,029
937,293
31,720
43,180
359,649
1,374,871
Depreciation charged in the year
286
60,788
366
1,298
94,267
157,005
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(161,812)
(161,812)
At 31 March 2025
3,315
998,081
32,086
44,478
292,104
1,370,064
Carrying amount
At 31 March 2025
11,007
345,708
836
1,357
461,788
820,696
At 31 March 2024
11,293
402,772
1,202
2,000
304,587
721,854

The carrying value of land and buildings comprises:

2025
2024
£
£
Freehold property
11,007
11,293

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Plant and machinery
17,459
20,541
Motor vehicles
350,010
156,438
367,469
176,979
14
Fixed asset investments
2025
2024
Notes
£
£
Investments in subsidiaries
15
300
300
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
15
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Weschenfelder & Sons Limited
North Road, Middlesbrough, England, TS2 1DE
Ordinary
0
100.00
Valley Co Products Limited
Valley Mills, Valley Road, Morley, Leeds, England, LS27 8EX
Ordinary
100.00
-
H B Property Services Limited
Valley Mills, Valley Road, Morley, Leeds, England, LS27 8EX
Ordinary
100.00
-
David Audley Limited
Valley Mills, Valley Road, Morley, Leeds, England, LS27 8EX
Ordinary
100.00
-

On 13 December 2024, the company disposed of its interest in Mificas SP Z.O.O. The directors consider that the results of Mificas SP Z.O.O did not represent a major line of the business of the group and therefore have opted against disclosing these separately from the rest of the group results.

16
Stocks
2025
2024
£
£
Raw materials and consumables
458,142
541,714
Finished goods and goods for resale
279,516
255,317
737,658
797,031
17
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,852,861
1,609,765
Amounts owed by group undertakings
2,362,679
2,684,226
Other debtors
37,018
49,895
Prepayments and accrued income
56,375
51,203
4,308,933
4,395,089
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
18
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
20
5,667
248,251
Obligations under finance leases
21
104,395
61,130
Other borrowings
20
150,000
150,000
Trade creditors
802,530
637,991
Amounts owed to group undertakings
200
6,018
Corporation tax
253,199
185,775
Other taxation and social security
95,621
109,520
Other creditors
17,302
20,997
Accruals and deferred income
433,129
434,014
1,862,043
1,853,696

The bank loans and overdrafts are secured over the company's assets by way of fixed and floating charges.

The obligations under finance leases are secured on the assets to which they relate.

Interest on all loans is charged at 3.5% over the Bank of England base rate.

19
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
20
66,236
72,250
Obligations under finance leases
21
153,849
61,446
Other borrowings
20
262,500
412,500
482,585
546,196

The bank loans and overdrafts are secured over the company's assets by way of fixed and floating charges.

The obligations under finance leases are secured on the assets to which they relate.

Interest on all loans is charged at 3.5% over the Bank of England base rate.

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 24 -
20
Loans and overdrafts
2025
2024
£
£
Bank loans
71,903
77,917
Bank overdrafts
-
0
242,584
Loans from related parties
412,500
562,500
484,403
883,001
Payable within one year
155,667
398,251
Payable after one year
328,736
484,750
21
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
104,395
61,130
In two to five years
153,849
61,446
258,244
122,576

Finance lease payments represent rentals payable by the company 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. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 25 -
22
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
144,561
136,527
Short term timing differences
(2,151)
(2,374)
142,410
134,153
2025
Movements in the year:
£
Liability at 1 April 2024
134,153
Charge to profit or loss
8,257
Liability at 31 March 2025
142,410

Approximately £27,600 of the deferred tax liability set out above is expected to reverse within 12 month s and relates to accelerated capital allowances that are expected to mature within the same period.

23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
105,143
87,715

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.

Outstanding contributions of £17,008 (2024 - £17,798) were due at the year end and are included in creditors.

24
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
7,830
7,830
7,830
7,830
HARDER BROS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 26 -
25
Reserves

Share premium account

Includes premiums received on the issue of share capital. Any transaction costs associated with the issuing of shares are deducted from the share premium.

Capital redemption reserve

This reserve represents the repurchase of shares.

Profit and loss account

The profit and loss account represents cumulative profits and losses, less dividends paid.

26
Operating lease commitments

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
45,958
52,184
Years 2-5
58,575
86,799
After 5 years
-
0
7,141
104,533
146,124
27
Related party transactions
Transactions with related parties

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

Purchases
Purchases
2025
2024
£
£
Other related parties
276,100
162,000
2025
2024
Amounts due to related parties
£
£
Other related parties
412,500
562,500
28
Ultimate controlling party

The company's immediate parent company is Harder Bros (Holdings) Limited, a company incorporated in England. The ultimate controlling party is Harder Bros (Holdings) Employee-Ownership Trust.

2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.300 Mr J C Harder Mr P M Sharp 00688920 2024-04-01 2025-03-31 00688920 bus:Director1 2024-04-01 2025-03-31 00688920 bus:Director2 2024-04-01 2025-03-31 00688920 bus:RegisteredOffice 2024-04-01 2025-03-31 00688920 bus:Agent1 2024-04-01 2025-03-31 00688920 2025-03-31 00688920 2023-04-01 2024-03-31 00688920 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00688920 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00688920 2024-03-31 00688920 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 00688920 core:PlantMachinery 2025-03-31 00688920 core:FurnitureFittings 2025-03-31 00688920 core:ComputerEquipment 2025-03-31 00688920 core:MotorVehicles 2025-03-31 00688920 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 00688920 core:PlantMachinery 2024-03-31 00688920 core:FurnitureFittings 2024-03-31 00688920 core:ComputerEquipment 2024-03-31 00688920 core:MotorVehicles 2024-03-31 00688920 core:WithinOneYear 2025-03-31 00688920 core:WithinOneYear 2024-03-31 00688920 core:AfterOneYear 2025-03-31 00688920 core:AfterOneYear 2024-03-31 00688920 core:CurrentFinancialInstruments 2025-03-31 00688920 core:CurrentFinancialInstruments 2024-03-31 00688920 core:Non-currentFinancialInstruments 2025-03-31 00688920 core:Non-currentFinancialInstruments 2024-03-31 00688920 core:ShareCapital 2025-03-31 00688920 core:ShareCapital 2024-03-31 00688920 core:SharePremium 2025-03-31 00688920 core:SharePremium 2024-03-31 00688920 core:CapitalRedemptionReserve 2025-03-31 00688920 core:CapitalRedemptionReserve 2024-03-31 00688920 core:RetainedEarningsAccumulatedLosses 2025-03-31 00688920 core:RetainedEarningsAccumulatedLosses 2024-03-31 00688920 core:ShareCapital 2023-03-31 00688920 core:SharePremium 2023-03-31 00688920 core:CapitalRedemptionReserve 2023-03-31 00688920 core:RetainedEarningsAccumulatedLosses 2023-03-31 00688920 core:ShareCapitalOrdinaryShareClass1 2025-03-31 00688920 core:ShareCapitalOrdinaryShareClass1 2024-03-31 00688920 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00688920 core:PlantMachinery 2024-04-01 2025-03-31 00688920 core:FurnitureFittings 2024-04-01 2025-03-31 00688920 core:ComputerEquipment 2024-04-01 2025-03-31 00688920 core:MotorVehicles 2024-04-01 2025-03-31 00688920 dpl:Item1 2024-04-01 2025-03-31 00688920 dpl:Item1 2023-04-01 2024-03-31 00688920 1 2024-04-01 2025-03-31 00688920 1 2023-04-01 2024-03-31 00688920 core:UKTax 2024-04-01 2025-03-31 00688920 core:UKTax 2023-04-01 2024-03-31 00688920 2 2024-04-01 2025-03-31 00688920 2 2023-04-01 2024-03-31 00688920 3 2024-04-01 2025-03-31 00688920 3 2023-04-01 2024-03-31 00688920 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 00688920 core:PlantMachinery 2024-03-31 00688920 core:FurnitureFittings 2024-03-31 00688920 core:ComputerEquipment 2024-03-31 00688920 core:MotorVehicles 2024-03-31 00688920 2024-03-31 00688920 core:Subsidiary1 2024-04-01 2025-03-31 00688920 core:Subsidiary2 2024-04-01 2025-03-31 00688920 core:Subsidiary3 2024-04-01 2025-03-31 00688920 core:Subsidiary4 2024-04-01 2025-03-31 00688920 core:Subsidiary1 1 2024-04-01 2025-03-31 00688920 core:Subsidiary2 2 2024-04-01 2025-03-31 00688920 core:Subsidiary3 3 2024-04-01 2025-03-31 00688920 core:Subsidiary4 4 2024-04-01 2025-03-31 00688920 core:BetweenTwoFiveYears 2025-03-31 00688920 core:BetweenTwoFiveYears 2024-03-31 00688920 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 00688920 bus:OrdinaryShareClass1 2025-03-31 00688920 bus:OrdinaryShareClass1 2024-03-31 00688920 core:MoreThanFiveYears 2025-03-31 00688920 core:MoreThanFiveYears 2024-03-31 00688920 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00688920 bus:FRS102 2024-04-01 2025-03-31 00688920 bus:Audited 2024-04-01 2025-03-31 00688920 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP