Company registration number NI620661 (Northern Ireland)
DA FORGIE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
DA FORGIE
CONTENTS
Page
Company information
1
Strategic report
2 - 3
Directors' report
4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 26
DA FORGIE
COMPANY INFORMATION
- 1 -
Directors
Mr D. A. Forgie
Mrs H. Forgie
Mr. M. Lennox
Ms. R. Forgie
(Appointed 31 May 2024)
Ms. S. Forgie
(Appointed 31 May 2024)
Ms. D. Sloan
Company number
NI620661
Registered office
16A Seacoast Road
Limavady
Co. Londonderry
BT49 9DW
Auditor
Moore (N.I.) LLP
32 Lodge Road
Coleraine
BT52 1NB
Bankers
Ulster Bank Limited
30-32 Catherine Street
Limavady
BT49 9DB
Danske Bank Limited
46 Catherine Street
Limavady
Co. Londonderry
BT49 9DB
Solicitors
Ferguson & Logue
14 Charlotte Street
Ballymoney
Co Antrim
BT53 6AY
DA FORGIE
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

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

Principal activities

The principal activity of the company is the sale, servicing, innovation and engineering of agricultural machinery.

Review of business and future developments

The company's turnover and profit has increased during the year ended 31st March 2025. The directors consider the results for the period to be satisfactory. The company will continue to seek every opportunity to increase profitable turnover.

Risks and uncertainties

The company's operations expose it to a variety of financial risks that include price risk, foreign exchange risk, credit risk, liquidity risk and interest rate cash flow risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance and the related finance costs.

Given the size of the company, the directors have assumed responsibility for the monitoring of financial risk management.

Price risk

The company is exposed to commodity price risk as a result of its operations. However, given the size of the company's operations, the costs of managing exposure to commodity price risk exceed any potential benefits. The directors will keep this policy under review having regard to the company's operations and any change in size or nature. The company has no exposure to equity securities price risk as it holds no listed or other equity investments.

Foreign exchange risk

A proportion of the company's trading is conducted in euros. The company constantly monitors the cost of foreign currencies to which it is exposed and tries to ensure the company does not suffer any adverse effects from currency fluctuations.

Credit risk

The company is exposed to credit risk due to its policy of giving credit to customers. In these instances the company has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the directors.

Liquidity risk

The company actively maintains a mixture of long-term and short-term debt finance that is designed to ensure the company has sufficient available funds for operations and planned expansions.

Interest rate cash flow risk

The company has a policy of monitoring its debt finance to ensure certainty of future interest cash flows. The directors will revisit this policy should the company's operations change in size or nature or otherwise be deemed necessary.

Key performance indicators

Formal internal management accounts are not prepared but monthly reports from the accounting system, IBCOS, and a manual TB prepared on excel are reviewed each month by the company accountant who is also a director. These reports are then reviewed and discussed with the managing director of the company and then presented to the rest of board at directors meetings. These reports are analysed to assess the financial position of the company as a whole with the focus being on turnover, gross profit margin and net profit.

DA FORGIE
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

In monitoring performance, the directors and management have regard to a range of key performance indicators (KPI's), including the following:

|  | 2025 £ | 2024 £
Turnover |  | 25,241,972 | 24,625,013
Net profit Gross profit margin |  | 876,412 13.98% | 858,686 14.44%

On behalf of the board

Mr D. A. Forgie
Director
31 March 2026
DA FORGIE
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

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

Principal activities

The principal activity of the company is the sale, servicing, innovation and engineering of agricultural machinery.

Results and dividends

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

Ordinary dividends were paid amounting to £625,275. The directors do not recommend payment of a further dividend.

Directors

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

Mr D. A. Forgie
Mrs H. Forgie
Ms. D. Sloan
(Appointed 5 April 2023)
Mr. M. Lennox
(Appointed 5 April 2023)
Ms. R. Forgie
(Appointed 31 May 2024)
Ms. S. Forgie
(Appointed 31 May 2024)
Auditor

The auditor, Moore (N.I.) LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

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

On behalf of the board
Mr D. A. Forgie
Director
31 March 2026
DA FORGIE
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DA FORGIE
- 5 -
Opinion

We have audited the financial statements of DA Forgie (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, 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 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.

DA FORGIE
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DA FORGIE (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.

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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Based on our understanding of the company and its operating environment, we determined that the most significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporting framework (FRS 102 and the Companies Act 2006) and the relevant tax compliance regulations.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or influence the reported results. From the results of our assessment, we determined that the principal risk of fraud related to posting inappropriate journal entries. In common with all audits under ISAs (UK), we are required to perform specific procedures to respond to the risk of management override.

DA FORGIE
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DA FORGIE (CONTINUED)
- 7 -
Audit response to risks identified

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. Audit procedures performed by the engagement team included:

- We obtained an understanding of the company's internal control systems in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company's internal control.

- We obtained an understanding of how the company complies with relevant laws and regulations, by making enquiries of management and those charged with governance.

- Enquiry of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims.

- Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud

- Reviewing minutes of management and directors meetings

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- We test the completeness of sales to address the risk of fraud in revenue recognition.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business.

We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

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.

Dr R I Peters Gallagher OBE FCA (Senior Statutory Auditor)
For and on behalf of Moore (N.I.) LLP, Statutory Auditor
Chartered Accountants
32 Lodge Road
Coleraine
BT52 1NB
31 March 2026
DA FORGIE
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
25,241,972
24,625,013
Cost of sales
(21,713,886)
(21,068,484)
Gross profit
3,528,086
3,556,529
Administrative expenses
(2,287,848)
(2,351,607)
Operating profit
4
1,240,238
1,204,922
Interest receivable and similar income
7
6,402
1,668
Interest payable and similar expenses
8
(6,151)
(12,979)
Profit before taxation
1,240,489
1,193,611
Tax on profit
9
(364,077)
(334,925)
Profit for the financial year
876,412
858,686

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

The notes on pages 12 to 26 form part of these financial statements, and should be read in conjunction therewith.

DA FORGIE
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
11
440,420
550,524
Tangible assets
12
1,594,609
1,601,909
2,035,029
2,152,433
Current assets
Stocks
13
6,607,338
6,592,543
Debtors
14
3,481,844
4,255,367
Cash at bank and in hand
2,512,756
1,589,549
12,601,938
12,437,459
Creditors: amounts falling due within one year
15
(6,654,828)
(6,328,311)
Net current assets
5,947,110
6,109,148
Total assets less current liabilities
7,982,139
8,261,581
Creditors: amounts falling due after more than one year
16
(670,978)
(1,195,978)
Provisions for liabilities
Deferred tax liability
18
73,622
79,201
(73,622)
(79,201)
Net assets
7,237,539
6,986,402
Capital and reserves
Called up share capital
21
200
200
Profit and loss reserves
22
7,237,339
6,986,202
Total equity
7,237,539
6,986,402

The notes on pages 12 to 26 form part of these financial statements, and should be read in conjunction therewith.

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
Mr D. A. Forgie
Mrs H. Forgie
Director
Director
Company registration number NI620661 (Northern Ireland)
DA FORGIE
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2023
2
6,152,285
6,152,287
Year ended 31 March 2024:
Profit and total comprehensive income
-
858,686
858,686
Issue of share capital
21
198
-
198
Dividends
10
-
(24,769)
(24,769)
Balance at 31 March 2024
200
6,986,202
6,986,402
Year ended 31 March 2025:
Profit and total comprehensive income
-
876,412
876,412
Dividends
10
-
(625,275)
(625,275)
Balance at 31 March 2025
200
7,237,339
7,237,539

The notes on pages 12 to 26 form part of these financial statements, and should be read in conjunction therewith.

DA FORGIE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
27
2,295,071
(1,084,895)
Interest paid
(6,151)
(12,979)
Income taxes paid
(578,303)
(452,208)
Net cash inflow/(outflow) from operating activities
1,710,617
(1,550,082)
Investing activities
Purchase of tangible fixed assets
(184,995)
(259,532)
Proceeds from disposal of tangible fixed assets
108,659
117,046
Movement on other loans
432,799
(521,351)
Interest received
6,402
1,668
Net cash generated from/(used in) investing activities
362,865
(662,169)
Financing activities
Proceeds from issue of shares
-
0
198
(Redemption)/Issue of preference shares
(525,000)
1,195,978
Repayment of bank loans
-
0
(649,993)
Dividends paid
(625,275)
(24,769)
Net cash (used in)/generated from financing activities
(1,150,275)
521,414
Net increase/(decrease) in cash and cash equivalents
923,207
(1,690,837)
Cash and cash equivalents at beginning of year
1,589,549
3,280,386
Cash and cash equivalents at end of year
2,512,756
1,589,549

The notes on pages 12 to 26 form part of these financial statements, and should be read in conjunction therewith.

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Company information

DA Forgie is a private company unlimited by shares incorporated in Northern Ireland. The registered office is 16A Seacoast Road, Limavady, Co. Londonderry, BT49 9DW.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. 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. 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.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

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 it is probable will be recover ed.

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

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:

Freehold land and buildings
nil/2% straight line
Plant and equipment
10% reducing balance
Fixtures and fittings
10% reducing balance
Motor vehicles
20% straight line

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.

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
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.

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -
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.

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -
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.

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 17 -
1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Sales
25,241,972
24,625,013
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
22,594,897
22,001,113
Republic of Ireland
2,647,075
2,623,900
25,241,972
24,625,013
2025
2024
£
£
Other revenue
Interest income
6,402
1,668
DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses
8,571
7,964
Fees payable to the company's auditor for the audit of the company's financial statements
15,900
13,500
Depreciation of tangible fixed assets
117,299
119,960
(Profit)/loss on disposal of tangible fixed assets
(33,663)
5,595
Amortisation of intangible assets
110,104
110,104
5
Employees

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

2025
2024
Number
Number
Administration
11
11
Sales
6
6
Garage
32
33
Total
49
50

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,367,993
1,370,653
Social security costs
125,297
122,963
Pension costs
26,076
24,953
1,519,366
1,518,569
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
152,613
139,632
Company pension contributions to defined contribution schemes
2,793
1,970
155,406
141,602
DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
594
892
Other interest income
5,808
776
Total income
6,402
1,668
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
594
892
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
-
9,032
Other finance costs:
Other interest
6,151
3,947
6,151
12,979
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
348,600
325,250
Adjustments in respect of prior periods
21,056
-
0
Total current tax
369,656
325,250
Deferred tax
Origination and reversal of timing differences
(5,579)
9,675
Total tax charge
364,077
334,925
DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9
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
1,240,489
1,193,611
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
310,122
298,403
Tax effect of expenses that are not deductible in determining taxable profit
-
0
3,733
Tax effect of income not taxable in determining taxable profit
(493)
(602)
Adjustments in respect of prior years
21,057
-
0
Depreciation on assets not qualifying for tax allowances
5,866
5,866
Amortisation on assets not qualifying for tax allowances
27,525
27,525
Taxation charge for the year
364,077
334,925
10
Dividends
2025
2024
£
£
Final paid
546,415
-
0
Interim paid
78,860
24,769
625,275
24,769
11
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,101,044
Amortisation and impairment
At 1 April 2024
550,520
Amortisation charged for the year
110,104
At 31 March 2025
660,624
Carrying amount
At 31 March 2025
440,420
At 31 March 2024
550,524
DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
12
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
1,273,263
109,721
26,737
486,678
1,896,399
Additions
-
0
-
0
1,253
183,742
184,995
Disposals
-
0
-
0
-
0
(128,335)
(128,335)
At 31 March 2025
1,273,263
109,721
27,990
542,085
1,953,059
Depreciation and impairment
At 1 April 2024
46,821
30,024
6,621
211,024
294,490
Depreciation charged in the year
23,465
7,665
2,003
84,166
117,299
Eliminated in respect of disposals
-
0
-
0
-
0
(53,339)
(53,339)
At 31 March 2025
70,286
37,689
8,624
241,851
358,450
Carrying amount
At 31 March 2025
1,202,977
72,032
19,366
300,234
1,594,609
At 31 March 2024
1,226,442
79,697
20,116
275,654
1,601,909
13
Stocks
2025
2024
£
£
Finished goods and goods for resale
6,607,338
6,592,543
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,133,321
3,481,474
Other debtors
88,552
521,351
Prepayments and accrued income
259,971
252,542
3,481,844
4,255,367
DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Trade creditors
4,574,679
4,765,434
Corporation tax
120,530
329,177
Other taxation and social security
243,581
167,914
Government grants
19
76,856
79,171
Other creditors
299,808
569,712
Accruals and deferred income
1,339,374
416,903
6,654,828
6,328,311
16
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Other borrowings
17
670,978
1,195,978
17
Loans and overdrafts
2025
2024
£
£
Preference shares
670,978
1,195,978
Payable after one year
670,978
1,195,978

The company's bank overdraft facilities are secured by the following:-

- property at 16A Seacoast Road, Limavady, Co. Londonderry, BT49 9DW which is registered at the land registry of Northern Ireland as folio no. LY97348 Co. Londonderry.

- a fixed charge and negative pledge.

At 1 April 2024 the company had 1,195,978 redeemable preference shares with a par value of £1 per share. These shares are redeemable at the option of the holders of the shares until such times as all shares have been redeemed. During the year 525,000 shares were redeemed leaving 670,978 redeemable preference shares at 31 March 2025. The shares carry a mandatory dividend, the rate of which is 0.05% per annum. The rate of dividend payable to the holders will remain at 0.05% until the shares have been repaid.

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
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
73,622
79,201
2025
Movements in the year:
£
Liability at 1 April 2024
79,201
Credit to profit or loss
(5,579)
Liability at 31 March 2025
73,622

The net deferred tax liability expected to release in 12 months is £27,932. This primarily relates to the reversal of tax timing differences on capital allowances.

19
Government grants
2025
2024
£
£
Arising from government grants
76,856
79,171

Grants received have been recognised based on the accrual model.

20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
26,076
24,953

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.

21
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
190
200
190
B ordinary shares of £1 each
0
10
-
0
10
200
200
200
200
DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21
Share capital
(Continued)
- 24 -
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Redeemable preference shares of £1 each
670,978
1,195,978
670,978
1,195,978
Preference shares classified as liabilities
670,978
1,195,978

Ordinary shares carry full voting rights, entitle holders to full rights to participate in dividends as voted, and entitle holders to full rights to participate in a distribution, including in a winding up situation.

B ordinary shares carry full voting rights and rights to dividend and distributions.

Redeemable preference shares carry no voting rights and preference rights in respect of dividends and distributions.

22
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
6,986,202
6,152,285
Adjusted balance
6,986,202
6,152,285
Profit for the year
876,412
858,686
Dividends declared and paid in the year
(625,275)
(24,769)
At the end of the year
7,237,339
6,986,202
23
Financial commitments, guarantees and contingent liabilities

The company has a liability to repay grant monies received by it, should it fail to meet the conditions set out in the relevant letters of offer.

24
Related party transactions
Remuneration of key management personnel

The Directors are deemed to be the key management personnel of the company.

Transactions with related parties

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

DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24
Related party transactions
(Continued)
- 25 -

Included within power, light and heat expenses for the year is £10,200 (2024: £10,200 representing costs from a company with common directors. The balance outstanding at the year end and included in other credi tors is £240,575 (2024: £512,839 ), and included in trade creditors is £NIL (2024: £476,830 ).

Included within sales for the year is £3,491 (20 24: £2,300) representing purchases by a son-in-law of a company director. The balance outstanding at the year end and included in trade debtors is £4,816 (20 24: £3,113 ).

25
Directors' transactions

Dividends totalling £78,860 (2024 - £24,769) were paid in the year in respect of shares held by the company's directors.

26
Ultimate controlling party

The parent company of DA Forgie at 31 March 2025 was S & R Forgie Limited, a company incorporated in Northern Ireland. The registered office of S & R Forgie Limited is 16a Seacoast Road, Limavady, United Kingdom, VT49 9DW.

The ultimate controlling party of DA Forgie is Ria Forgie and Susan Forgie, who are the controlling shareholders in the parent company S & R Forgie Limited.

27
Cash generated from/(absorbed by) operations
2025
2024
£
£
Profit after taxation
876,412
858,686
Adjustments for:
Taxation charged
364,077
334,925
Finance costs
6,151
12,979
Investment income
(6,402)
(1,668)
(Gain)/loss on disposal of tangible fixed assets
(33,663)
5,595
Amortisation and impairment of intangible assets
110,104
110,104
Depreciation and impairment of tangible fixed assets
117,299
119,960
Movements in working capital:
Increase in stocks
(14,795)
(795,320)
Decrease in debtors
340,724
1,891,239
Increase/(decrease) in creditors
537,479
(3,618,988)
Decrease in deferred income
(2,315)
(2,407)
Cash generated from/(absorbed by) operations
2,295,071
(1,084,895)
DA FORGIE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 26 -
28
Analysis of changes in net funds
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
1,589,549
923,207
2,512,756
Borrowings excluding overdrafts
(1,195,978)
525,000
(670,978)
393,571
1,448,207
1,841,778
2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.300 Mr D. A. Forgie Mrs H. Forgie Ms. D. McWilliams Mr. M. Lennox Ms. R. Forgie Ms. S. Forgie Ms. D. Sloan NI620661 2024-04-01 2025-03-31 NI620661 bus:Director1 2024-04-01 2025-03-31 NI620661 bus:Director2 2024-04-01 2025-03-31 NI620661 bus:Director4 2024-04-01 2025-03-31 NI620661 bus:Director5 2024-04-01 2025-03-31 NI620661 bus:Director6 2024-04-01 2025-03-31 NI620661 bus:Director7 2024-04-01 2025-03-31 NI620661 bus:Director3 2024-04-01 2025-03-31 NI620661 bus:RegisteredOffice 2024-04-01 2025-03-31 NI620661 bus:Agent1 2024-04-01 2025-03-31 NI620661 bus:Agent2 2024-04-01 2025-03-31 NI620661 2025-03-31 NI620661 2023-04-01 2024-03-31 NI620661 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 NI620661 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 NI620661 core:Goodwill 2025-03-31 NI620661 core:Goodwill 2024-03-31 NI620661 2024-03-31 NI620661 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 NI620661 core:PlantMachinery 2025-03-31 NI620661 core:FurnitureFittings 2025-03-31 NI620661 core:MotorVehicles 2025-03-31 NI620661 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 NI620661 core:PlantMachinery 2024-03-31 NI620661 core:FurnitureFittings 2024-03-31 NI620661 core:MotorVehicles 2024-03-31 NI620661 core:WithinOneYear 2025-03-31 NI620661 core:WithinOneYear 2024-03-31 NI620661 core:AfterOneYear 2025-03-31 NI620661 core:AfterOneYear 2024-03-31 NI620661 core:CurrentFinancialInstruments 2025-03-31 NI620661 core:CurrentFinancialInstruments 2024-03-31 NI620661 core:ShareCapital 2025-03-31 NI620661 core:ShareCapital 2024-03-31 NI620661 core:RetainedEarningsAccumulatedLosses 2025-03-31 NI620661 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI620661 core:ShareCapital 2023-03-31 NI620661 core:RetainedEarningsAccumulatedLosses 2023-03-31 NI620661 core:ShareCapitalOrdinaryShareClass1 2025-03-31 NI620661 core:ShareCapitalOrdinaryShareClass1 2024-03-31 NI620661 core:ShareCapitalOrdinaryShareClass2 2025-03-31 NI620661 core:ShareCapitalOrdinaryShareClass2 2024-03-31 NI620661 core:ShareCapitalOrdinaryShares 2025-03-31 NI620661 core:ShareCapitalOrdinaryShares 2024-03-31 NI620661 core:ShareCapitalPreferenceShareClass1 2025-03-31 NI620661 core:ShareCapitalPreferenceShareClass1 2024-03-31 NI620661 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI620661 core:ShareCapital 2023-04-01 2024-03-31 NI620661 bus:AllPreferenceShares 2024-04-01 2025-03-31 NI620661 bus:AllPreferenceShares 2023-04-01 2024-03-31 NI620661 1 2024-04-01 2025-03-31 NI620661 1 2023-04-01 2024-03-31 NI620661 2024-03-31 NI620661 2023-03-31 NI620661 core:Goodwill 2024-04-01 2025-03-31 NI620661 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 NI620661 core:PlantMachinery 2024-04-01 2025-03-31 NI620661 core:FurnitureFittings 2024-04-01 2025-03-31 NI620661 core:MotorVehicles 2024-04-01 2025-03-31 NI620661 core:UKTax 2024-04-01 2025-03-31 NI620661 core:UKTax 2023-04-01 2024-03-31 NI620661 2 2024-04-01 2025-03-31 NI620661 2 2023-04-01 2024-03-31 NI620661 core:Goodwill 2024-03-31 NI620661 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 NI620661 core:PlantMachinery 2024-03-31 NI620661 core:FurnitureFittings 2024-03-31 NI620661 core:MotorVehicles 2024-03-31 NI620661 core:Non-currentFinancialInstruments 2025-03-31 NI620661 core:Non-currentFinancialInstruments 2024-03-31 NI620661 core:FinancialLiabilitiesHeldForTrading core:FinancialInstrumentsHeldForSale 2025-03-31 NI620661 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 NI620661 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 NI620661 bus:PreferenceShareClass1 2024-04-01 2025-03-31 NI620661 bus:OrdinaryShareClass1 2025-03-31 NI620661 bus:OrdinaryShareClass1 2024-03-31 NI620661 bus:OrdinaryShareClass2 2025-03-31 NI620661 bus:OrdinaryShareClass2 2024-03-31 NI620661 bus:AllOrdinaryShares 2025-03-31 NI620661 bus:AllOrdinaryShares 2024-03-31 NI620661 bus:PreferenceShareClass1 2025-03-31 NI620661 bus:PreferenceShareClass1 2024-03-31 NI620661 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI620661 bus:FRS102 2024-04-01 2025-03-31 NI620661 bus:Audited 2024-04-01 2025-03-31 NI620661 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP