Company registration number 04302955 (England and Wales)
BIG VAN WORLD LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
BIG VAN WORLD LIMITED
COMPANY INFORMATION
Director
Mr M Austen
Company number
04302955
Registered office
First Floor
1 Des Roches Square
Witan Way
Witney
OX28 4BE
Auditor
DSA Prospect Audit Limited
First Floor
1 Des Roches Square
Witan Way
Witney
OX28 4BE
BIG VAN WORLD LIMITED
CONTENTS
Page
Strategic report
1 - 2
Director's report
3
Director's responsibilities statement
4
Independent auditor's report
5 - 7
Profit and loss account
8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Notes to the financial statements
12 - 28
BIG VAN WORLD LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The director presents the strategic report for the year ended 31 March 2025.

Review of business

The results for the year and financial position of the company are as shown in the annexed accounts. The key financial highlights are as follows:

2025
2024
Change
£'000
£'000
+/-
Turnover
20,281
29,986
32%
Operating (loss)/profit
(104)
283
140%
Loss for the financial year
(535)
(205)
161%
Total equity
6,505
7,076
8%
Current assets as % of current liabilities
140%
142%
1%
Return on assets %
3%
1%
2%
Average number of employees in the year
21
23
9%
Principal risks and uncertainties

There are a number of potential risks and uncertainties which could have a material impact on the company's long term performance. These risks and uncertainties are monitored by the Board on a regular basis.

The management team consider the risk implications of all significant business decisions and risks are re-assessed on a regular basis to ensure that any changes in the company's operations, or the external environment, are identified and appropriately managed. The key risks affecting the business are as follows:

Operating Risk - The company's reputation and continued success depends on its ability to provide stock to customers safely, efficiently and cost effectively. The company actively seeks to acquire vehicles that they consider to be saleable to commercial users.

Market Risk - The company operates in a very competitive market from which they seek to maintain a competitive advantage by offering the appropriate vehicles and providing high level of customer service and aftercare from professional and dedicated staff, combined with careful stock management.

Personal Risk - The company is a privately owned business and places great emphasis on recruiting and training high quality competent staff. The director considers succession planning issues and is seeking to broaden the company's management structure.

Financial Risk - As a privately owned company, Big Van World Limited is principally funded from retained profits as well as secured funding on the freehold property and is reliant on converting these profits into cash. Financial monitoring, forecasting and planning are continuous processes, with particular emphasis on balancing the maintenance of the gross profit margin with the delivery of a high quality service to customers, combined with carefully managing stock levels. Trading uncertainty from market conditions can always impact the company's financial position and thereby its profitability which in turn impacts the company's cashflow.

BIG VAN WORLD LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Going concern

The director has considered the company's ability to continue trading for a period extending to at least twelve months from the date of approval of these financial statements. The director is satisfied taking into account, trading performance, gross profitability and market conditions that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the company continues to adopt the going concern basis.

On behalf of the board

Mr M Austen
Director
31 July 2026
BIG VAN WORLD LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The director presents his 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 sale of used cars and light motor vehicles.

Results and dividends

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

Ordinary dividends were paid amounting to £36,000. The director does not recommend payment of a further dividend.

Director

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

Mr M Austen
Post reporting date events

There are no events after the year end that the directors believe need to be reported.

Auditor

In accordance with the company's articles, a resolution proposing that DSA Prospect Audit Limited be reappointed as auditor of the company 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 M Austen
Director
31 July 2026
BIG VAN WORLD LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

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

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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. He is 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.

BIG VAN WORLD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BIG VAN WORLD LIMITED
- 5 -
Opinion

We have audited the financial statements of Big Van World Limited (the 'company') for the year ended 31 March 2025 which comprise the profit and loss account, 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 loss 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.

Material Uncertainty Related to Going Concern

We draw attention to Note 1.2 in the financial statements which indicates that the Company is seeking replacement funding arrangements following the withdrawal of certain existing facilities. As stated in Note 1.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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 director is 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 director's 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 director's report have been prepared in accordance with applicable legal requirements.

BIG VAN WORLD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BIG VAN WORLD 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 director's 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 director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design and perform our audit procedures in accordance with ISAs (UK) to obtain reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, we considered the nature of the company's operations and the regulatory environment in which it operates. This included consideration of compliance with relevant legislation and regulations applicable to the motor vehicle retail industry, including consumer protection legislation, road traffic and vehicle registration requirements, anti-money laundering regulations, and tax legislation, including VAT and corporation tax.

BIG VAN WORLD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF BIG VAN WORLD LIMITED (CONTINUED)
- 7 -

As part of our audit, we:

- Made enquiries of management and those charged with governance regarding any known or suspected non-compliance with laws and regulations, or instances of fraud;

- Made enquiries of individuals responsible for finance and compliance functions regarding adherence to relevant regulatory requirements, including VAT treatment, anti-money laundering procedures, and vehicle registration processes;

- Reviewed correspondence with regulatory authorities, including HMRC and other relevant government bodies;

- Reviewed financial statement disclosures and assessed whether they comply with applicable legal and regulatory requirements, including the Companies Act 2006;

- Performed audit procedures to address the risk of management override of controls, including journal entry testing, review of unusual or significant transactions, and evaluation of key accounting estimates (such as inventory valuation and provisions) for potential management bias.

Because of the inherent limitations of an audit, there is a risk that not all irregularities, including those involving fraud or non-compliance with regulations, will be detected. This risk increases where irregularities involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. It also increases the further removed compliance activities are from the financial reporting process — for example, in relation to operational compliance with consumer protection, vehicle registration, or anti-money laundering requirements.

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.

Mr Gary John McHale FCCA (Senior Statutory Auditor)
For and on behalf of DSA Prospect Audit Limited, Statutory Auditor
Chartered Certified Accountants
First Floor
1 Des Roches Square
Witan Way
Witney
OX28 4BE
31 July 2026
BIG VAN WORLD LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
20,280,916
29,986,288
Cost of sales
(20,093,420)
(29,339,336)
Gross profit
187,496
646,952
Administrative expenses
(941,968)
(958,758)
Other operating income
650,636
594,306
Operating (loss)/profit
4
(103,836)
282,500
Interest receivable and similar income
8
35,182
28,436
Interest payable and similar expenses
9
(568,377)
(515,657)
Loss before taxation
(637,031)
(204,721)
Tax on loss
10
101,974
(100)
Loss for the financial year
(535,057)
(204,821)

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

BIG VAN WORLD LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
2025
2024
£
£
Loss for the year
(535,057)
(204,821)
Other comprehensive income
-
-
Total comprehensive income for the year
(535,057)
(204,821)
BIG VAN WORLD LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
6,357,225
6,268,254
Current assets
Stocks
13
5,567,375
6,231,591
Debtors
14
5,866,387
5,698,717
Cash at bank and in hand
61,556
87,229
11,495,318
12,017,537
Creditors: amounts falling due within one year
15
(8,188,082)
(8,488,530)
Net current assets
3,307,236
3,529,007
Total assets less current liabilities
9,664,461
9,797,261
Creditors: amounts falling due after more than one year
16
(2,926,872)
(2,508,173)
Provisions for liabilities
Deferred tax liability
19
232,867
213,309
(232,867)
(213,309)
Net assets
6,504,722
7,075,779
Capital and reserves
Called up share capital
20
1
1
Revaluation reserve
21
362,984
362,984
Profit and loss reserves
22
6,141,737
6,712,794
Total equity
6,504,722
7,075,779

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

The financial statements were approved and signed by the director and authorised for issue on 31 July 2026
Mr M Austen
Director
Company registration number 04302955 (England and Wales)
BIG VAN WORLD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2023
1
362,984
6,917,615
7,280,600
Year ended 31 March 2024:
Loss and total comprehensive income
-
-
(204,821)
(204,821)
Balance at 31 March 2024
1
362,984
6,712,794
7,075,779
Year ended 31 March 2025:
Loss and total comprehensive income
-
-
(535,057)
(535,057)
Dividends
11
-
-
(36,000)
(36,000)
Balance at 31 March 2025
1
362,984
6,141,737
6,504,722
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
1
Accounting policies
Company information

Big Van World Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 1 Des Roches Square, Witan Way, Witney, OX28 4BE.

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.

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 4 ‘Statement of Financial Position’: Reconciliation of the opening and closing number of shares;

- 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’: Carrying amounts, 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 financial statements of the company are consolidated in the financial statements of Big Van World Holdings Limited. These consolidated financial statements are available from its registered office, First Floor 1 Des Roches Square, Witan Way, Witney, OX28 4BE.

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
1.2
Going concern

The financial statements have been prepared on a going concern basis.true

Subsequent to the year end, the Company's existing funding arrangements with HSBC Bank plc and Lombard North Central plc became subject to withdrawal and replacement. The directors have continued to review the Company's liquidity position and funding requirements and have prepared cash flow forecasts covering a period of at least twelve months from the date of approval of these financial statements.

The forecasts assume the successful completion of replacement funding arrangements currently being negotiated with Handelsbanken. At the date of approval of these financial statements, the replacement facilities had not been formally approved or completed.

Whilst the directors believe, based on discussions to date and the ongoing support of the Company's existing stock funding providers, that replacement facilities will be secured and that the Company will continue to meet its obligations as they fall due, the outcome of the refinancing process cannot be regarded as certain at the date of approval of these financial statements.

Accordingly, these circumstances indicate the existence of a material uncertainty which may cast significant doubt upon the Company's ability to continue as a going concern. Nevertheless, the directors consider it appropriate to prepare the financial statements on the going concern basis as they have a reasonable expectation that adequate funding will be available.

The financial statements do not include any adjustments that would arise if the Company were unable to continue as a going concern.

1.3
Revenue

Revenue represents the amounts receivable from the sale of second-hand vans to customers, stated net of value added tax and other sales taxes, and after deducting trade discounts and any expected returns.

Revenue from the sale of second-hand vans is recogni s ed when all of the following conditions have been satisfied:

- the significant risks and rewards of ownership of the van have been transferred to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the van;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the Company; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

This is typically at the point when the customer takes possession of the van, either on delivery or collection, and the sales transaction is completed.

Each sale of a van is treated as a single transaction and revenue is recognised in full at that point in time.

Where payment for a van is deferred beyond normal credit terms, and the arrangement constitutes a financing transaction, revenue is recognised at the present value of the future receipts. The difference between the present value and the total amount receivable is recognised as interest income over the period of the financing arrangement using the effective interest method.

The company recognises revenue from the following major sources:

- Sale of vehicles and bikes

- Rental income - vans

- Rental income - property

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

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
Sale of vehicles and bikes

Revenue from the sale of vans, motorcycles and other goods is recognised when control of the goods passes to the customer, which is generally upon delivery and acceptance. Revenue is measured at the fair value of the consideration receivable, net of trade discounts and value added tax, and is recognised when it is probable that the economic benefits associated with the transaction will flow to the company and the amount can be measured reliably.

Rental income - vans

Rental income from the hire of vans is recognised on a straight-line basis over the period of the rental agreement, in accordance with the terms of the contract. Income received in advance is deferred and recognised over the period to which it relates.

Rental income - property

Rental income arising from operating leases of property is recognised on a straight-line basis over the lease term. Lease incentives granted are recognised as an integral part of the total rental income and are spread over the lease term on a straight-line basis. Income received in advance is deferred and recognised over the period to which it relates.

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 land and buildings
2% straight line
Leasehold improvements
20% straight line
Plant and equipment
20% straight line
Fixtures and fittings
20% straight line
Computers
20% straight line
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.

1.5
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.

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -

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.

1.6
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.

1.7
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.

1.8
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.

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -
Impairment of financial assets

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

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

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

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the 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.

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 17 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
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.

1.10
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.

1.11
Leases
As lessee

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.

As lessor

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

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 18 -

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In preparing these financial statements, management has made certain judgements and estimates that affect the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Critical judgements

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

Going concern

The directors have exercised judgement in assessing the company's ability to continue as a going concern. In making this assessment, they have considered cash flow forecasts, future trading performance, available financing facilities and ongoing discussions regarding replacement funding arrangements.

Revenue recognition

Judgement is applied in determining when control of a vehicle passes to the customer, which is generally upon delivery or collection of the vehicle.

Principal versus agent

Judgement is applied in assessing whether the company acts as principal or agent in respect of vehicle-related services, including warranties, finance commissions and other ancillary services, which determines whether revenue is recognised on a gross or net basis.

Recoverability of related party balances

Judgement is exercised in assessing the recoverability of amounts due from related parties. This assessment considers the financial position of the related parties, expected future cash flows, repayment history and any supporting arrangements in place.

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 19 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Recoverability of amounts due from related parties

The company has significant balances due from related parties at the balance sheet date. Management has assessed the recoverability of these balances based on the financial position of the counterparties, projected cash flows and anticipated repayment arrangements. Due to the size of these balances, a change in the assumptions used could result in a material adjustment to their carrying value within the next financial year.

Inventory valuation

Used vans, motorcycles and other vehicles held for resale are measured at the lower of cost and estimated selling price less costs to complete and sell. Estimation is required in determining:

- expected selling prices based on current market conditions;

- the condition, mileage, age and desirability of individual vehicles;

- the impact of changing consumer demand and market trends;

- the extent of any discounts required to achieve a sale.

Provision for slow moving stock

Management reviews the age profile and turnover of vehicle stock to identify vehicles that may require impairment or discounting. The provision reflects estimates of future selling prices and the time required to realise the stock.

Warranty provisions

Where warranties are provided on vehicles sold, provisions are recognised based on management's estimate of future claims. The estimate takes account of historical claims experience, the nature of warranties provided and anticipated repair costs.

Impairment of tangible fixed assets

Where indicators of impairment exist, management estimates the recoverable amount of tangible fixed assets, including rental vehicles, freehold property and equipment. This requires estimates of future cash flows, residual values and market conditions.

3
Turnover and other revenue

The turnover and profit before taxation are attributable to the one principal activity of the company.

2025
2024
£
£
Other revenue
Interest income
35,182
28,436
4
Operating (loss)/profit
2025
2024
Operating (loss)/profit for the year is stated after charging:
£
£
Depreciation of tangible fixed assets
168,524
181,636
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
18,900
18,000
6
Employees

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

2025
2024
Number
Number
Management
2
2
Admin staff
3
3
Cost of sales
16
18
Total
21
23

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
802,018
854,810
Social security costs
76,567
82,374
878,585
937,184
7
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
9,096
9,096
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Other interest income
35,182
28,436
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
9
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
133,378
229,211
Other interest on financial liabilities
185,350
173,160
Interest on finance leases and hire purchase contracts
119,166
61,608
Other interest
130,483
51,678
568,377
515,657
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
-
0
100
Deferred tax
Origination and reversal of timing differences
(101,974)
-
0
Total tax (credit)/charge
(101,974)
100

The actual (credit)/charge for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Loss before taxation
(637,031)
(204,721)
Expected tax credit based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
(159,258)
(51,180)
Tax effect of expenses that are not deductible in determining taxable profit
334
14,284
Unutilised tax losses carried forward
121,531
-
0
Permanent capital allowances in excess of depreciation
(4,739)
(8,413)
Depreciation on assets not qualifying for tax allowances
42,131
45,409
Other non-reversing timing differences
(101,973)
-
0
Taxation (credit)/charge for the year
(101,974)
100
11
Dividends
2025
2024
£
£
Final paid
36,000
-
0
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
12
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost or valuation
At 1 April 2024
5,773,172
847,634
348,808
117,771
46,117
142,946
7,276,448
Additions
-
0
214,948
9,060
-
0
1,987
31,500
257,495
At 31 March 2025
5,773,172
1,062,582
357,868
117,771
48,104
174,446
7,533,943
Depreciation and impairment
At 1 April 2024
-
0
465,087
289,392
98,241
44,302
111,172
1,008,194
Depreciation charged in the year
-
0
118,332
26,787
9,471
1,745
12,189
168,524
At 31 March 2025
-
0
583,419
316,179
107,712
46,047
123,361
1,176,718
Carrying amount
At 31 March 2025
5,773,172
479,163
41,689
10,059
2,057
51,085
6,357,225
At 31 March 2024
5,773,172
382,547
59,416
19,530
1,815
31,774
6,268,254
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -

Tangible fixed assets with a carrying amount of £6,357,225 (2024 - £6,268,254) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings.

The freehold property was valued on 31st March 2018, by the director of the company.

If revalued assets were stated on a historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

Land and buildings
2025
2024
£
£
Cost
5,773,172
5,382,042
13
Stocks
2025
2024
£
£
Finished goods and goods for resale
5,567,375
6,231,591

The carrying amount of stocks includes £5,567,375 (2024 - £6,231,591) pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings.

14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
164,559
327,935
Other debtors
5,512,366
5,278,238
Prepayments and accrued income
67,930
92,544
5,744,855
5,698,717
Deferred tax asset (note 19)
121,532
-
0
5,866,387
5,698,717

Debtors with a carrying amount of £5,798,458 (2024 - £5,606,174) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings.

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 24 -
15
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
17
464,677
1,224,815
Obligations under finance leases
18
704,032
756,476
Other borrowings
17
2,046,630
798,486
Trade creditors
3,975,238
4,919,287
Corporation tax
283,968
361,708
Other taxation and social security
628,707
332,565
Other creditors
21,605
52,993
Accruals and deferred income
63,225
42,200
8,188,082
8,488,530

The stock loans are secured by way of an all monies debenture over the company with first unlimited priority over owned vehicles.

There is a fixed and floating charge over all the assets of the company to HSBC Bank Plc.

There is a second fixed and floating charge over the property or undertakings of the company to Firstrand Bank Limited trading as Motonovo Finance.

16
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
17
2,322,922
1,709,714
Obligations under finance leases
18
407,061
569,570
Other borrowings
17
196,889
228,889
2,926,872
2,508,173

The stock loans are secured by way of an all monies debenture over the company with first unlimited priority over owned vehicles.

There is a fixed and floating charge over all the assets of the company to HSBC Bank Plc.

There is a second fixed and floating charge over the property or undertakings of the company to Firstrand Bank Limited trading as Motonovo Finance.

BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 25 -
17
Loans and overdrafts
2025
2024
£
£
Bank loans
2,787,599
1,994,197
Bank overdrafts
-
0
940,332
Other loans
2,243,519
1,027,375
5,031,118
3,961,904
Payable within one year
2,511,307
2,023,301
Payable after one year
2,519,811
1,938,603

The stock loans are secured by way of an all monies debenture over the company with first unlimited priority over owned vehicles.

There is a fixed and floating charge over all the assets of the company to HSBC Bank Plc.

There is a second fixed and floating charge over the property or undertakings of the company to Firstrand Bank Limited trading as Motonovo Finance.

There is a third fixed charge granted to Lombard North Central Plc over the fixed asset as a first chargee by way of a secured mortgage.

There is a fourth fixed charge granted to Welford Properties Limited over the fixed asset as a first chargee by way of a secured mortgage.

The HSBC loans are also secured by personal guarantee by the director.

18
Finance lease obligations
2025
2024
Amounts due:
£
£
Within one year
704,032
756,476
After more than one year
407,061
569,570
1,111,093
1,326,046
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
704,032
756,476
In two to five years
407,061
569,570
1,111,093
1,326,046
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 26 -
19
Deferred taxation

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

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Balances:
£
£
£
£
Balance brought forward
213,309
213,309
-
-
Accelerated capital allowances
19,558
-
-
-
Losses carried forward
-
-
121,532
-
232,867
213,309
121,532
-
2025
Movements in the year:
£
Liability at 1 April 2024
213,309
Credit to profit or loss
(101,974)
Liability at 31 March 2025
111,335

The deferred tax asset set out above is expected to reverse within 12 months and relates to the utilisation of tax losses against future expected profits of the same period. The deferred tax liability set out above is expected to reverse within 48 months and relates to accelerated capital allowances that are expected to mature within the same period.

20
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1

Ordinary shares are entitled to one vote in any circumstances, equal rights to dividends, to participate in a distribution on winding up of the company and are non-redeemable.

21
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
362,984
362,984
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 27 -
22
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
6,712,794
6,917,615
Adjusted balance
6,712,794
6,917,615
Loss for the year
(535,057)
(204,821)
Dividends declared and paid in the year
(36,000)
-
At the end of the year
6,141,737
6,712,794
23
Financial commitments, guarantees and contingent liabilities

The director does not believe there are any financial commitments, guarantees or contingent liabilities that need to be disclosed.

24
Capital commitments

The directors do not believe there are any capital commitments that need to be disclosed.

25
Events after the reporting date

There are no events after the year end that the directors believe need to be reported.

26
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
19,585
73,064
Rent income
2025
2024
£
£
Other related parties
28,120
46,023

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
1,906,322
1,352,064
BIG VAN WORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26
Related party transactions
(Continued)
- 28 -

During the year, the company entered into transactions with entities controlled by Mr M Austen, a director of the company. These entities comprised of Big MXworld Limited, of which Mr Austen owns 100% of the issued share capital, and Big Van World Marine Operations LLP, of which Mr Austen holds a 99% interest.

Transactions during the year included the sale and purchase of goods and services, rental income, and the recharge of costs incurred on behalf of the LLP, including finance payments relating to assets owned by the LLP. These transactions were undertaken in the normal course of business.

The directors consider that all transactions with related parties were carried out on terms equivalent to those prevailing in arm's length transactions.

At the reporting date, amounts were due to and from these related parties. The balances are unsecured, interest free and repayable on demand.

27
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Dividends totalling £33,000 (2024 - £0) were paid in the year in respect of shares held by the company's directors.

Advances
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
DLA
2.25
1,499,480
149,285
35,182
(145,319)
1,538,628
1,499,480
149,285
35,182
(145,319)
1,538,628
28
Ultimate controlling party

The parent company of Big Van World Limited is Big Van World Holdings Limited, a company incorporated and registered in England and Wales. The parents consolidated financial statements are available from its registered offices at First Floor, 1 Des Roches Square, Witan Way, Witney, OX28 4BE.

The company's financial statements are consolidated into the ultimate holding company's financial statements and are available from the parent's registered office.

The ultimate controlling party is Mr M Austen.

The following are t he parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
Big Van World Holdings Limited
Smallest group
Big Van World Holdings Limited
2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2026.200 Mr M Austen 04302955 2024-04-01 2025-03-31 04302955 bus:Director1 2024-04-01 2025-03-31 04302955 bus:RegisteredOffice 2024-04-01 2025-03-31 04302955 2025-03-31 04302955 2023-04-01 2024-03-31 04302955 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04302955 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 04302955 2024-03-31 04302955 core:WithinOneYear 2025-03-31 04302955 core:WithinOneYear 2024-03-31 04302955 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04302955 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04302955 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 04302955 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04302955 core:ShareCapital 2025-03-31 04302955 core:ShareCapital 2024-03-31 04302955 core:RevaluationReserve 2025-03-31 04302955 core:RevaluationReserve 2024-03-31 04302955 core:RetainedEarningsAccumulatedLosses 2025-03-31 04302955 core:RetainedEarningsAccumulatedLosses 2024-03-31 04302955 core:ShareCapital 2023-03-31 04302955 core:RevaluationReserve 2023-03-31 04302955 core:RetainedEarningsAccumulatedLosses 2023-03-31 04302955 core:ShareCapitalOrdinaryShareClass1 2025-03-31 04302955 core:ShareCapitalOrdinaryShareClass1 2024-03-31 04302955 core:RetainedEarningsAccumulatedLosses 2024-03-31 04302955 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04302955 core:LeaseholdImprovements 2024-04-01 2025-03-31 04302955 core:PlantMachinery 2024-04-01 2025-03-31 04302955 core:FurnitureFittings 2024-04-01 2025-03-31 04302955 core:ComputerEquipment 2024-04-01 2025-03-31 04302955 core:MotorVehicles 2024-04-01 2025-03-31 04302955 1 2024-04-01 2025-03-31 04302955 1 2023-04-01 2024-03-31 04302955 core:UKTax 2024-04-01 2025-03-31 04302955 core:UKTax 2023-04-01 2024-03-31 04302955 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 04302955 core:LeaseholdImprovements 2024-03-31 04302955 core:PlantMachinery 2024-03-31 04302955 core:FurnitureFittings 2024-03-31 04302955 core:ComputerEquipment 2024-03-31 04302955 core:MotorVehicles 2024-03-31 04302955 2024-03-31 04302955 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 04302955 core:LeaseholdImprovements 2025-03-31 04302955 core:PlantMachinery 2025-03-31 04302955 core:FurnitureFittings 2025-03-31 04302955 core:ComputerEquipment 2025-03-31 04302955 core:MotorVehicles 2025-03-31 04302955 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 04302955 core:LeaseholdImprovements 2024-03-31 04302955 core:PlantMachinery 2024-03-31 04302955 core:FurnitureFittings 2024-03-31 04302955 core:ComputerEquipment 2024-03-31 04302955 core:MotorVehicles 2024-03-31 04302955 core:CurrentFinancialInstruments 2025-03-31 04302955 core:CurrentFinancialInstruments 2024-03-31 04302955 core:BetweenTwoFiveYears 2025-03-31 04302955 core:BetweenTwoFiveYears 2024-03-31 04302955 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 04302955 bus:OrdinaryShareClass1 2025-03-31 04302955 bus:OrdinaryShareClass1 2024-03-31 04302955 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04302955 bus:FRS102 2024-04-01 2025-03-31 04302955 bus:Audited 2024-04-01 2025-03-31 04302955 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP