Company Registration No. 02172956 (England and Wales)
THE HELPING HAND COMPANY (LEDBURY) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
THE HELPING HAND COMPANY (LEDBURY) LIMITED
COMPANY INFORMATION
Directors
G H James
H J James
S Everest
O James
Secretary
H J James
Company number
02172956
Registered office
Unit 9
Bromyard Road Trading Estate
Ledbury
Herefordshire
United Kingdom
HR8 1NS
Auditor
Azets Audit Services
5 Pullman Court
Great Western Road
Gloucester
Gloucestershire
United Kingdom
GL1 3ND
Business address
Unit 9
Bromyard Road Trading Estate
Ledbury
Herefordshire
United Kingdom
HR8 1NS
THE HELPING HAND COMPANY (LEDBURY) LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 27
THE HELPING HAND COMPANY (LEDBURY) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2021
- 1 -
The directors present the strategic report for the year ended 30 June 2021.
Fair review of the business
With the continued growth in the ageing population, the industry has further expanded and all sectors in which the company operates have experienced growth during the financial year.
The company continues to pursue the development of unique value-added products largely supported by ongoing investment into its research and development programme.
The company has maintained a level of reserves for potential corporate acquisition opportunities and investment as part of its growth strategy.
The company remains on a sound financial footing capable of facing changes in the market.
The company anticipates marginal growth over the next twelve months.
The directors are satisfied with the strategic performance of the company during the period and is its position at the year end.
Principal risks and uncertainties
Pandemics such as Covid
-
19 create uncertainty which can have a detrimental effect on business. In this
situation
,
the company has worked with its employees, suppliers and customers to manage the situation to the
greatest extent possible. The company has adequate resources,
net
assets
and
a positive cash balance to continue in operational existence for
the foreseeable future. The company has not seen the need to apply for any government financial support other
than that of the furlough scheme.
G H James
Director
1 November 2021
THE HELPING HAND COMPANY (LEDBURY) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2021
- 2 -
The directors present their annual report and financial statements for the year ended 30 June 2021.
Principal activities
The principal activity of the company continued to be that of the manufacture and supply of reaching aids for both the daily living and litter clearance markets, and the manufacture and supply of specialist chairs and hoists for the disabled.
Results and dividends
The results for the year are set out on page 7.
Ordinary dividends were paid amounting to £220,000. 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:
G H James
H J James
S Everest
O James
Auditor
The auditor, Azets Audit Services, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
On 7 September 2020 Group Audit Services Limited trading as Baldwins Audit Services changed its name to Azets Audit Services Limited. The name they practice under is Azets Audit Services and accordingly they have signed their report in their new name.
Energy and carbon report
As the company has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 3 -
Statement of directors' responsibilities
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s
auditor
is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s
auditor
is aware of that information.
On behalf of the board
G H James
Director
1 November 2021
THE HELPING HAND COMPANY (LEDBURY) LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE HELPING HAND COMPANY (LEDBURY) LIMITED
- 4 -
Opinion
We have audited the financial statements of The Helping Hand Company (Ledbury) Limited (the 'company') for the year ended 30 June 2021 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 FRS 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the company's affairs as at 30 June 2021 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.
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.
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.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HELPING HAND COMPANY (LEDBURY) LIMITED
- 5 -
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 and the directors'
r
eport
.
We have nothing to report in respect of the following matters where 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
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
.
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.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE HELPING HAND COMPANY (LEDBURY) LIMITED
- 6 -
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
-
Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
-
Reviewing minutes of meetings of those charged with governance;
-
Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;
-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
-
Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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.
Robert Van Ryssen (Senior Statutory Auditor)
For and on behalf of Azets Audit Services
1 November 2021
Chartered Accountants
Statutory Auditor
5 Pullman Court
Great Western Road
Gloucester
Gloucestershire
United Kingdom
GL1 3ND
THE HELPING HAND COMPANY (LEDBURY) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2021
- 7 -
2021
2020
Notes
£
£
Turnover
3
17,390,660
15,046,943
Cost of sales
(7,758,192)
(6,137,382)
Gross profit
9,632,468
8,909,561
Administrative expenses
(6,800,033)
(6,474,665)
Other operating income
156,744
Operating profit
4
2,989,179
2,434,896
Interest receivable and similar income
7
37,324
12,611
Interest payable and similar expenses
8
(986)
Profit before taxation
3,026,503
2,446,521
Tax on profit
9
(448,030)
(258,136)
Profit for the financial year
2,578,473
2,188,385
The profit and loss account has been prepared on the basis that all operations are continuing operations.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2021
30 June 2021
- 8 -
2021
2020
Notes
£
£
£
£
Fixed assets
Intangible assets
11
25,360
29,042
Tangible assets
12
2,578,354
2,742,188
Investments
13
96
96
2,603,810
2,771,326
Current assets
Stocks
15
1,229,910
1,402,726
Debtors
16
3,248,648
1,955,760
Cash at bank and in hand
9,107,147
6,696,349
13,585,705
10,054,835
Creditors: amounts falling due within one year
17
(2,498,350)
(1,553,932)
Net current assets
11,087,355
8,500,903
Total assets less current liabilities
13,691,165
11,272,229
Creditors: amounts falling due after more than one year
18
(6,076)
Provisions for liabilities
Deferred tax liability
19
178,982
112,443
(178,982)
(112,443)
Net assets
13,512,183
11,153,710
Capital and reserves
Called up share capital
22
9,000
9,000
Capital redemption reserve
1,000
1,000
Profit and loss reserves
13,502,183
11,143,710
Total equity
13,512,183
11,153,710
The financial statements were approved by the board of directors and authorised for issue on 1 November 2021 and are signed on its behalf by:
G H James
Director
Company Registration No. 02172956
THE HELPING HAND COMPANY (LEDBURY) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2021
- 9 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 July 2019
9,000
1,000
9,155,325
9,165,325
Year ended 30 June 2020:
Profit and total comprehensive income for the year
-
-
2,188,385
2,188,385
Dividends
10
-
-
(200,000)
(200,000)
Balance at 30 June 2020
9,000
1,000
11,143,710
11,153,710
Year ended 30 June 2021:
Profit and total comprehensive income for the year
-
-
2,578,473
2,578,473
Dividends
10
-
-
(220,000)
(220,000)
Balance at 30 June 2021
9,000
1,000
13,502,183
13,512,183
THE HELPING HAND COMPANY (LEDBURY) LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2021
- 10 -
2021
2020
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
3,060,873
3,703,593
Interest paid
(986)
Income taxes paid
(212,374)
(224,580)
Net cash inflow from operating activities
2,848,499
3,478,027
Investing activities
Purchase of tangible fixed assets
(693,547)
(605,538)
Proceeds on disposal of tangible fixed assets
444,599
45,896
Receipts arising from loans made
218,800
Interest received
37,324
12,611
Net cash used in investing activities
(211,624)
(328,231)
Financing activities
Payment of finance leases obligations
(6,077)
(14,515)
Dividends paid
(220,000)
(200,000)
Net cash used in financing activities
(226,077)
(214,515)
Net increase in cash and cash equivalents
2,410,798
2,935,281
Cash and cash equivalents at beginning of year
6,696,349
3,761,068
Cash and cash equivalents at end of year
9,107,147
6,696,349
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
- 11 -
1
Accounting policies
Company information
The Helping Hand Company (Ledbury) Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Unit 9, Bromyard Road Trading Estate, Ledbury, Herefordshire, United Kingdom, HR8 1NS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage under sections 402 and 405 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the subsidiary undertakings are not material to the group for the purpose of giving a true and fair view.
The financial statements present information about the company as an individual entity and not about its group
.
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
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
(usually on dispatch of the goods)
, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that
it is probable will be
recover
ed
.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 12 -
1.4
Research and development expenditure
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated
.
1.5
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date
where
it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the
fair
value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Patents
Over the patent's useful life
1.6
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:
Land and buildings Freehold
1% straight line
Plant and machinery
20%-25% straight line
Motor vehicles
25% 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
.
1.7
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities
.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 13 -
1.8
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.
1.9
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.
1.10
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.
1.11
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.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 14 -
Basic financial assets
Basic financial assets, which include
debtors
and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in
profit
or
loss
, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
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.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 15 -
Basic financial liabilities
Basic financial liabilities, including
creditors
, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts,
are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are
s
ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in
profit
or
loss
in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as
being measured at
fair value th
r
ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations
expire or are discharged or cancelled.
1.12
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.
1.13
Derivatives
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in
profit
or
loss
immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in
profit
or
loss
depends on the nature of the hedge relationship.
A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.
1.14
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 16 -
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.
1.15
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.
1.16
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.17
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair
value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 17 -
1.18
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.
1.19
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
An analysis of the company's turnover is as follows:
2021
2020
£
£
Turnover analysed by class of business
The Helping Hand Company (Ledbury) Limited
17,313,902
15,046,943
2021
2020
£
£
Other significant revenue
Interest income
37,324
12,611
Grants received
156,744
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
3
Turnover and other revenue
(Continued)
- 18 -
2021
2020
£
£
Turnover analysed by geographical market
United Kingdom
11,639,364
10,304,188
United States of America
1,165,472
975,202
Other
4,509,066
3,767,553
17,313,902
15,046,943
4
Operating profit
2021
2020
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange differences apart from those arising on financial instruments measured at fair value through profit or loss
88,006
(13,846)
Research and development costs
123,293
53,383
Government grants
(156,744)
Fees payable to the company's auditor for the audit of the company's financial statements
6,750
6,500
Depreciation of owned tangible fixed assets
438,149
445,815
Depreciation of tangible fixed assets held under finance leases
6,511
6,511
Profit on disposal of tangible fixed assets
(31,878)
(34,431)
Amortisation of intangible assets
3,682
3,683
Operating lease charges
368,665
315,378
5
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Production
99
99
Sales and servicing
58
58
Administration
16
16
Research and development
10
10
Total
183
183
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
5
Employees
(Continued)
- 19 -
Their aggregate remuneration comprised:
2021
2020
£
£
Wages and salaries
5,537,999
5,420,098
Social security costs
501,827
481,966
Pension costs
394,442
213,905
6,434,268
6,115,969
6
Directors' remuneration
2021
2020
£
£
Remuneration for qualifying services
220,142
191,714
Company pension contributions to defined contribution schemes
80,000
80,000
300,142
271,714
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 4 (2020 - 4).
Remuneration disclosed above include the following amounts paid to the highest paid director:
2021
2020
£
£
Remuneration for qualifying services
141,680
145,397
7
Interest receivable and similar income
2021
2020
£
£
Interest income
Interest on bank deposits
37,324
12,611
Investment income includes the following:
Interest on financial assets not measured at fair value through profit or loss
37,324
12,611
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 20 -
8
Interest payable and similar expenses
2021
2020
£
£
Other finance costs:
Interest on finance leases and hire purchase contracts
986
9
Taxation
2021
2020
£
£
Current tax
UK corporation tax on profits for the current period
381,491
212,374
Deferred tax
Origination and reversal of timing differences
66,539
45,762
Total tax charge
448,030
258,136
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:
2021
2020
£
£
Profit before taxation
3,026,503
2,446,521
Expected tax charge based on the standard rate of corporation tax in the UK of 19.00% (2020: 19.00%)
575,036
464,839
Tax effect of expenses that are not deductible in determining taxable profit
11,678
40
Depreciation on assets not qualifying for tax allowances
3,207
2,269
Research and development tax credit
(142,107)
(209,012)
Deferred tax adjustments in respect of prior years
370
Profit on disposal of tangible assets
(154)
Taxation charge for the year
448,030
258,136
10
Dividends
2021
2020
£
£
Final paid
220,000
200,000
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 21 -
11
Intangible fixed assets
Patents
£
Cost
At 1 July 2020
55,220
Disposals
(595)
At 30 June 2021
54,625
Amortisation and impairment
At 1 July 2020
26,178
Amortisation charged for the year
3,682
Disposals
(595)
At 30 June 2021
29,265
Carrying amount
At 30 June 2021
25,360
At 30 June 2020
29,042
12
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2020
1,770,325
3,476,352
1,006,894
6,253,571
Additions
55,479
517,366
120,702
693,547
Disposals
(384,201)
(1,243,098)
(208,447)
(1,835,746)
At 30 June 2021
1,441,603
2,750,620
919,149
5,111,372
Depreciation and impairment
At 1 July 2020
220,287
2,732,168
558,928
3,511,383
Depreciation charged in the year
14,032
211,447
219,181
444,660
Eliminated in respect of disposals
(1,243,098)
(179,927)
(1,423,025)
At 30 June 2021
234,319
1,700,517
598,182
2,533,018
Carrying amount
At 30 June 2021
1,207,284
1,050,103
320,967
2,578,354
At 30 June 2020
1,550,038
744,184
447,966
2,742,188
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
12
Tangible fixed assets
(Continued)
- 22 -
The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £6,511 (2020 - £6,511) for the year.
2021
2020
£
£
Plant and machinery
12,480
18,991
13
Fixed asset investments
2021
2020
Notes
£
£
Investments in subsidiaries
24
96
96
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 July 2020 & 30 June 2021
96
Carrying amount
At 30 June 2021
96
At 30 June 2020
96
14
Finance lease obligations
2021
2020
Future minimum lease payments due under finance leases:
£
£
Within one year
7,013
7,124
In two to five years
6,076
7,013
13,200
Less: future finance charges
(110)
7,013
13,090
Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 2 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
Amounts due under hire purchase agreements are secured by the assets to which they relate.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 23 -
15
Stocks
2021
2020
£
£
Raw materials and consumables
895,471
958,926
Finished goods and goods for resale
334,439
443,800
1,229,910
1,402,726
Included within inventories are impairment provisions totalling £
1
47
,
784
(2020: £182,300).
16
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
2,998,779
1,514,591
Amounts owed by undertakings in which the company has a participating interest
93,918
90,751
Other debtors
1,597
237,552
Prepayments and accrued income
154,354
112,866
3,248,648
1,955,760
17
Creditors: amounts falling due within one year
2021
2020
Notes
£
£
Obligations under finance leases
14
7,013
7,014
Trade creditors
888,572
402,221
Corporation tax
381,491
212,374
Other taxation and social security
382,470
207,129
Other creditors
33,585
30,208
Accruals and deferred income
805,219
694,986
2,498,350
1,553,932
18
Creditors: amounts falling due after more than one year
2021
2020
Notes
£
£
Obligations under finance leases
14
6,076
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 24 -
19
Deferred taxation
Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:
Liabilities
Liabilities
2021
2020
Balances:
£
£
ACAs
178,982
112,443
2021
Movements in the year:
£
Liability at 1 July 2020
112,443
Charge to profit or loss
66,539
Liability at 30 June 2021
178,982
The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.
20
Retirement benefit schemes
2021
2020
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
394,442
213,905
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.
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 25 -
21
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
2021
2020
£
£
Within one year
34,650
34,650
Between two and five years
138,600
138,600
In over five years
77,495
181,451
250,745
354,701
22
Share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
9,000
9,000
9,000
9,000
23
Related party transactions
During the year, the company sold goods and services to their joint venture company, Innocare B.V. totalling £978,207 (2020: £1,121,426). At year end, Innocare B.V. owed the company £93,918 (2020: £90,751). This amount was repaid after the year end.
The company occupied property owned by the Trustees of The Helping Hand Company Pension Fund at a rental of £234,833 (2020: £88,000) per annum. G H James and H J James are Trustees of the pension fund.
During the year, the company paid a pension contribution of £Nil (2020: £17,000) to The Helping Hand Company Pension Fund on behalf of A J Wilson, previously a company director.
24
Subsidiaries
These financial statements are separate company financial statements for The Helping Hand Company (Ledbury) Limited.
Details of the company's subsidiaries at 30 June 2021 are as follows:
Country of
Class of
Subsidiary Undertaking
registration
shareholding
% Held
Symmetrikit Engineering Limited
England and Wales
Ordinary
100
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
24
Subsidiaries
(Continued)
- 26 -
Name of undertaking
Nature of business
Profit/(Loss) for the year £
Capital and Reserves £
Symmetrikit Engineering Limited
Dormant
-
100
25
Events after the reporting date
On 01 July 2021 the company sold its freehold property to The Helping Hand Company Pension Fund for a consideration of £1,214,000. The original cost of the transferred property was £1,171,600. The profit on the sale of £42,400 will be reflected in the year ending 30 June 2022 financial statements.
26
Directors' transactions
Dividends totalling £220,000 (2020 - £200,000) were paid in the year in respect of shares held by the company's directors.
27
Joint ventures
These financial statements are separate company financial statements for The Helping Hand Company (Ledbury) Limted.
The Helping Hand Company (Ledbury) Limited purchased a 50% interest in Innocare B.V on 12 November 2001. Details of the company's joint ventures at 30 June 2021 are as follows:
% Held
Name of undertaking
Class of shareholding
Direct
Indirect
Innocare B.V.
Oridnary
50
50
Name of undertaking
Country of incorporation
Nature of business
Innocare B.V.
Netherlands
Supply of disabled aids
The following figures are based on accounts produced for Innocare B.V and represent The Helping Hand Company (Ledbury) Limited's share of the company's results for the year ended 31 December 2020:
£
£
Share of turnover
1,353,665
Share of profit before tax
103,639
Taxation
17,531
Share of profit after tax
86,108
Share of assets
Fixed assets
86,940
Current assets
871,381
THE HELPING HAND COMPANY (LEDBURY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
27
Joint ventures
(Continued)
- 27 -
958,321
Share of liabilities
Due within one year
259,578
Due after more than one year
-
259,578
Share of net assets
698,743
28
Ultimate controlling party
The ultimate controlling parties are G H James and H J James by virtue of their majority shareholding.
29
Cash generated from operations
2021
2020
£
£
Profit for the year after tax
2,578,473
2,188,385
Adjustments for:
Taxation charged
448,030
258,136
Finance costs
986
Investment income
(37,324)
(12,611)
Gain on disposal of tangible fixed assets
(31,878)
(34,431)
Amortisation and impairment of intangible assets
3,682
3,683
Depreciation and impairment of tangible fixed assets
444,660
452,326
Movements in working capital:
Decrease/(increase) in stocks
172,816
(128,248)
(Increase)/decrease in debtors
(1,292,888)
1,227,947
Increase/(decrease) in creditors
775,302
(252,580)
Cash generated from operations
3,060,873
3,703,593
30
Analysis of changes in net funds
1 July 2020
Cash flows
30 June 2021
£
£
£
Cash at bank and in hand
6,696,349
2,410,798
9,107,147
Obligations under finance leases
(13,090)
6,077
(7,013)
6,683,259
2,416,875
9,100,134
2021-06-30
2020-07-01
false
CCH Software
CCH Accounts Production 2021.300
G H James
H J James
S Everest
O James
H J James
02172956
2020-07-01
2021-06-30
02172956
bus:Director1
2020-07-01
2021-06-30
02172956
bus:CompanySecretaryDirector1
2020-07-01
2021-06-30
02172956
bus:Director3
2020-07-01
2021-06-30
02172956
bus:Director4
2020-07-01
2021-06-30
02172956
bus:CompanySecretary1
2020-07-01
2021-06-30
02172956
bus:Director2
2020-07-01
2021-06-30
02172956
bus:RegisteredOffice
2020-07-01
2021-06-30
02172956
2021-06-30
02172956
2019-07-01
2020-06-30
02172956
core:RetainedEarningsAccumulatedLosses
2019-07-01
2020-06-30
02172956
core:RetainedEarningsAccumulatedLosses
2020-07-01
2021-06-30
02172956
core:OtherResidualIntangibleAssets
2021-06-30
02172956
core:OtherResidualIntangibleAssets
2020-06-30
02172956
core:PatentsTrademarksLicencesConcessionsSimilar
2021-06-30
02172956
core:PatentsTrademarksLicencesConcessionsSimilar
2020-06-30
02172956
2020-06-30
02172956
core:LandBuildings
core:OwnedOrFreeholdAssets
2021-06-30
02172956
core:PlantMachinery
2021-06-30
02172956
core:MotorVehicles
2021-06-30
02172956
core:LandBuildings
core:OwnedOrFreeholdAssets
2020-06-30
02172956
core:PlantMachinery
2020-06-30
02172956
core:MotorVehicles
2020-06-30
02172956
core:CurrentFinancialInstruments
core:WithinOneYear
2021-06-30
02172956
core:CurrentFinancialInstruments
core:WithinOneYear
2020-06-30
02172956
core:Non-currentFinancialInstruments
core:AfterOneYear
2021-06-30
02172956
core:Non-currentFinancialInstruments
core:AfterOneYear
2020-06-30
02172956
core:CurrentFinancialInstruments
2021-06-30
02172956
core:CurrentFinancialInstruments
2020-06-30
02172956
core:ShareCapital
2021-06-30
02172956
core:ShareCapital
2020-06-30
02172956
core:CapitalRedemptionReserve
2021-06-30
02172956
core:CapitalRedemptionReserve
2020-06-30
02172956
core:RetainedEarningsAccumulatedLosses
2021-06-30
02172956
core:RetainedEarningsAccumulatedLosses
2020-06-30
02172956
core:ShareCapital
2019-06-30
02172956
core:CapitalRedemptionReserve
core:RestatedAmount
2019-06-30
02172956
core:RetainedEarningsAccumulatedLosses
2019-06-30
02172956
2019-06-30
02172956
2020-06-30
02172956
core:IntangibleAssetsOtherThanGoodwill
2020-07-01
2021-06-30
02172956
core:PatentsTrademarksLicencesConcessionsSimilar
2020-07-01
2021-06-30
02172956
core:LandBuildings
core:OwnedOrFreeholdAssets
2020-07-01
2021-06-30
02172956
core:PlantMachinery
2020-07-01
2021-06-30
02172956
core:MotorVehicles
2020-07-01
2021-06-30
02172956
core:OwnedAssets
2020-07-01
2021-06-30
02172956
core:OwnedAssets
2019-07-01
2020-06-30
02172956
core:LeasedAssets
2020-07-01
2021-06-30
02172956
core:LeasedAssets
2019-07-01
2020-06-30
02172956
core:UKTax
2020-07-01
2021-06-30
02172956
core:UKTax
2019-07-01
2020-06-30
02172956
1
2020-07-01
2021-06-30
02172956
1
2019-07-01
2020-06-30
02172956
2
2020-07-01
2021-06-30
02172956
2
2019-07-01
2020-06-30
02172956
core:PatentsTrademarksLicencesConcessionsSimilar
2020-06-30
02172956
core:LandBuildings
core:OwnedOrFreeholdAssets
2020-06-30
02172956
core:PlantMachinery
2020-06-30
02172956
core:MotorVehicles
2020-06-30
02172956
core:Non-currentFinancialInstruments
2021-06-30
02172956
core:Non-currentFinancialInstruments
2020-06-30
02172956
core:WithinOneYear
2021-06-30
02172956
core:WithinOneYear
2020-06-30
02172956
core:BetweenTwoFiveYears
2021-06-30
02172956
core:BetweenTwoFiveYears
2020-06-30
02172956
core:MoreThanFiveYears
2021-06-30
02172956
core:MoreThanFiveYears
2020-06-30
02172956
core:Subsidiary1
2020-07-01
2021-06-30
02172956
core:Subsidiary1
1
2020-07-01
2021-06-30
02172956
core:Subsidiary1
2021-06-30
02172956
core:JointVenture1
2020-07-01
2021-06-30
02172956
core:JointVenture1
1
2020-07-01
2021-06-30
02172956
bus:PrivateLimitedCompanyLtd
2020-07-01
2021-06-30
02172956
bus:FRS102
2020-07-01
2021-06-30
02172956
bus:Audited
2020-07-01
2021-06-30
02172956
bus:FullAccounts
2020-07-01
2021-06-30
xbrli:pure
xbrli:shares
iso4217:GBP