Company Registration No. 05949902 (England and Wales)
(MKP) MAINE OFFICE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
PAGES FOR FILING WITH REGISTRAR
(MKP) MAINE OFFICE LIMITED
COMPANY INFORMATION
Directors
Mr M Read
Mrs L Read
Secretary
Mrs L Read
Company number
05949902
Registered office
420 Silbury Boulevard
Central Milton Keynes
Buckinghamshire
MK9 2AF
Auditor
Mercer & Hole
420 Silbury Boulevard
Central Milton Keynes
Buckinghamshire
MK9 2AF
(MKP) MAINE OFFICE LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Balance sheet
4
Notes to the financial statements
5 - 12
(MKP) MAINE OFFICE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2020
- 1 -
The directors present the strategic report for the year ended 31 October 2020.
Fair review of the business
After a successful 2019 and promising start to 2020, the directors were disappointed that the 2020 results were severely impacted by the COVID-19 pandemic and associated lockdowns, causing turnover to fall by 29.3% on the prior year as there was little activity in the office furniture sector, a key market for the company. Although the cost base was further reduced, we limited the extent to which we claimed on the government Furlough Scheme by transferring team members to our parent company where possible and by completing an order to produce beds for the NHS Nightingale Hospitals during the pandemic. We decided to produce these at cost to show our support for the NHS and pandemic response and due to this and the impact of reduced activity, gross margin as a percentage of sales fell from 17.7% in 2019 to 10.5% for 2020, leading the company to make a loss on the significantly reduced sales.
We continue to provide office furniture and lockers, with banks and financial institutions generating the highest volumes, but have worked hard over the past few years to develop new markets and income streams. We have achieved this by introducing new product ranges that enable us to offer our traditional high-end furniture, alongside a more competitively priced range of units. We have also moved into other markets and for example have produced beds and other items for marine customers.
Although future sales remain hard to predict, the directors are confident that we will increase market share in line with our strategic plan. We are convinced that our low cost base and on-going operational review across all areas of the business will see a return to profits in 2021/22 as sales recover to normal levels.
During the year we have monitored our cash position very closely, which has remained steady and have successfully managed our working capital, enabling us to repay over £500K of the amount due to to our parent company, who are still our main creditor and who continue to support us very strongly.
Principal risks and uncertainties
The directors are satisfied that the company's financial risks are being correctly managed. The business finances its investment in plant and machinery using a combination of long term loans and finance lease arrangements. The repayment terms are agreed with the lenders on a basis designed to provide stability to the company and without creating an unnecessary cash flow burden. In addition, the business has an invoice discounting facility, and access to holding company funds, which are available to provide working capital as required. The business continues to take advantage of the government furlough scheme with the sales team working reduced hours.
Development and performance
Business remains challenging in the first few months of 2021 with the Covid19 pandemic still impacting the UK economy. The directors are pleased to report that the business continues to receive a number of sales enquiries from both new and existing customers. During the spring of 2020 we very proudly worked on a joint project with our parent company to assemble and paint 1,500 hospital beds for the NHS Nightingale Hospitals. We were also able to design and supply a new “Wellbeing Station” to house masks and hand washing / de-sanitising equipment, as a response to businesses coming out of the Covid19 lockdown and this remains an active new product line.
Since the company operates from a sound financial position and continue to have the financial support of its parent company they are encouraged by prospects and look forward to seeing an improvement in trading during the second half of 2021 as restrictions ease.
Mr M Read
Director
26 August 2021
(MKP) MAINE OFFICE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2020
- 2 -
The directors present their report and financial statements for the year ended 31 October 2020.
Principal activities
The principal activity of the company during the year continued to be that of
the manufacture of steel office furniture
.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr M Read
Mrs L Read
Auditor
In accordance with the company's articles, a resolution proposing that Mercer & Hole 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.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr M Read
Director
26 August 2021
(MKP) MAINE OFFICE LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2020
- 3 -
The directors are responsible for preparing the Directors' 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.
(MKP) MAINE OFFICE LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2020
31 October 2020
- 4 -
2020
2019
Notes
£
£
£
£
Fixed assets
Intangible assets
4
1,000
1,000
Tangible assets
5
15,939
10,900
16,939
11,900
Current assets
Stocks
244,683
222,553
Debtors
6
133,178
572,542
Cash at bank and in hand
161,403
402,661
539,264
1,197,756
Creditors: amounts falling due within one year
7
(707,394)
(1,244,179)
Net current liabilities
(168,130)
(46,423)
Total assets less current liabilities
(151,191)
(34,523)
Creditors: amounts falling due after more than one year
8
(500,000)
(500,000)
Net liabilities
(651,191)
(534,523)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(651,291)
(534,623)
Total equity
(651,191)
(534,523)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 August 2021 and are signed on its behalf by:
Mr M Read
Director
Company Registration No. 05949902
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
- 5 -
1
Accounting policies
Company information
(MKP) Maine Office Limited is a
private
company
limited by shares
incorporated in England and Wales.
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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
As at 31 October 2020 the company has an excess of liabilities over assets and is dependent on the continuing support of its parent company.
true
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment, the directors have reviewed the trading and cash flow forecasts of the company and concluded that based on the forecast results, taking into account the possible impact of COVID-19 on trading activities, the mitigating actions that can be taken to control costs and the undertaking of financial support provided by the parent undertaking, that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have received written confirmation from the parent company that such support will continue to be provided and although the financial impact of the pandemic is not quantifiable at the moment, given the financial strength of the parent company before the pandemic the directors expect this support to continue and have therefore prepared the financial statements on the going concern basis.
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Turnover is recognised as contracted activity progresses, so that amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work completed after provision for contingencies and anticipated future losses on contracts.
Money owed in respect of sales at the year end is shown gross in debtors with amounts due under the invoice discounting agreement included in creditors.
1.4
Intangible fixed assets - goodwill
Negative goodwill arising on acquisition has been
released to the profit and loss account in equal instalments.
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
1
Accounting policies
(Continued)
- 6 -
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.
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:
Plant and machinery
Straight line over 3 to 10 years
Fixtures, fittings & equipment
Straight line over 3 years
Motor vehicles
Straight line over 4 years
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 the profit and loss account
.
1.7
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
the profit and loss account
, 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
the profit and loss account
, 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.
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
1
Accounting policies
(Continued)
- 7 -
1.8
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
the
profit
and
loss
account
. Reversals of impairment losses are also recognised in
the
profit
and
loss
account
.
1.9
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.
1.10
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
the profit and loss account
, 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.
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
1
Accounting policies
(Continued)
- 8 -
Impairment of financial assets
Financial assets, other than those
held
at
fair value through the profit and loss account
, 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 the profit and loss account.
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 the profit and loss account.
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.
1.11
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.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.12
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
1
Accounting policies
(Continued)
- 9 -
1.13
Leases
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.
1.14
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.15
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
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.
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.
Amounts recoverable on long term contracts
FRS 102 requires that when the outcome of a transaction can be estimated reliably, an entity shall recognise revenue associated with the transaction by reference to the stage of completion of the transaction. The entity estimates the sales value associated with work in progress with reference to the gross margin achieved on sales. The gross amount relating to amounts recoverable on long term contracts is recognised in debtors and the estimated gross margin is recognised in revenue. Details of the amounts recoverable on long term contracts are set out in note 12.
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
- 10 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
15
16
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 November 2019 and 31 October 2020
103,258
1,000
104,258
Amortisation and impairment
At 1 November 2019 and 31 October 2020
103,258
103,258
Carrying amount
At 31 October 2020
1,000
1,000
At 31 October 2019
1,000
1,000
Negative goodwill arose on the acquisition of the assets and liabilities of Maine Office Limited and has been released to the profit and loss account in equal instalments.
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2019
167,366
Additions
7,000
At 31 October 2020
174,366
Depreciation and impairment
At 1 November 2019
156,466
Depreciation charged in the year
1,961
At 31 October 2020
158,427
Carrying amount
At 31 October 2020
15,939
At 31 October 2019
10,900
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
- 11 -
6
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
125,576
498,917
Other debtors
7,602
73,625
133,178
572,542
7
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
31,122
49,622
Amounts owed to group undertakings
572,459
1,108,312
Taxation and social security
55,262
61,871
Other creditors
48,551
24,374
707,394
1,244,179
8
Creditors: amounts falling due after more than one year
2020
2019
£
£
Other creditors
500,000
500,000
9
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was Philip Fenn ACA FCCA and the auditor was Mercer & Hole.
10
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2020
2019
£
£
9,000
9,000
(MKP) MAINE OFFICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
- 12 -
11
Related party transactions
Remuneration of key management personnel
2020
2019
£
£
Aggregate compensation
82,402
80,552
Other information
The company has taken advantage of the exemption in FRS 102 section 33.1A from the requirement to disclose transactions with group companies on the grounds that any subsidiary which is a party to the transaction is wholly owned by such a member.
12
Parent company
The company's immediate and ultimate parent undertaking is Milton Keynes Pressings Limited, a company registered in England and Wales.
Milton Keynes Pressings Limited prepares consolidated group financial statements which are available to the public at 420 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 2AF.
The company's ultimate controlling party is M Read by virtue of his shareholding in Milton Keynes Pressings Limited.
2020-10-31
2019-11-01
false
26 August 2021
CCH Software
CCH Accounts Production 2021.200
the manufacture of steel office furniture
This audit opinion is unqualified
Mr M Read
Mrs L Read
Mrs L Read
05949902
2019-11-01
2020-10-31
05949902
bus:Director1
2019-11-01
2020-10-31
05949902
bus:CompanySecretaryDirector1
2019-11-01
2020-10-31
05949902
bus:CompanySecretary1
2019-11-01
2020-10-31
05949902
bus:Director2
2019-11-01
2020-10-31
05949902
2020-10-31
05949902
core:NetGoodwill
2020-10-31
05949902
core:IntangibleAssetsOtherThanGoodwill
2020-10-31
05949902
core:NetGoodwill
2019-10-31
05949902
core:IntangibleAssetsOtherThanGoodwill
2019-10-31
05949902
2019-10-31
05949902
2018-11-01
2019-10-31
05949902
core:OtherPropertyPlantEquipment
2020-10-31
05949902
core:OtherPropertyPlantEquipment
2019-10-31
05949902
core:CurrentFinancialInstruments
core:WithinOneYear
2020-10-31
05949902
core:CurrentFinancialInstruments
core:WithinOneYear
2019-10-31
05949902
core:Non-currentFinancialInstruments
core:AfterOneYear
2020-10-31
05949902
core:Non-currentFinancialInstruments
core:AfterOneYear
2019-10-31
05949902
core:CurrentFinancialInstruments
2020-10-31
05949902
core:CurrentFinancialInstruments
2019-10-31
05949902
core:ShareCapital
2020-10-31
05949902
core:ShareCapital
2019-10-31
05949902
core:RetainedEarningsAccumulatedLosses
2020-10-31
05949902
core:RetainedEarningsAccumulatedLosses
2019-10-31
05949902
core:Goodwill
2019-11-01
2020-10-31
05949902
core:IntangibleAssetsOtherThanGoodwill
2019-11-01
2020-10-31
05949902
core:PlantMachinery
2019-11-01
2020-10-31
05949902
core:FurnitureFittings
2019-11-01
2020-10-31
05949902
core:MotorVehicles
2019-11-01
2020-10-31
05949902
core:NetGoodwill
2019-10-31
05949902
core:IntangibleAssetsOtherThanGoodwill
2019-10-31
05949902
2019-10-31
05949902
core:OtherPropertyPlantEquipment
2019-10-31
05949902
core:OtherPropertyPlantEquipment
2019-11-01
2020-10-31
05949902
core:WithinOneYear
2020-10-31
05949902
core:WithinOneYear
2019-10-31
05949902
core:Non-currentFinancialInstruments
2020-10-31
05949902
core:Non-currentFinancialInstruments
2019-10-31
05949902
bus:PrivateLimitedCompanyLtd
2019-11-01
2020-10-31
05949902
bus:SmallCompaniesRegimeForAccounts
2019-11-01
2020-10-31
05949902
bus:FRS102
2019-11-01
2020-10-31
05949902
bus:Audited
2019-11-01
2020-10-31
05949902
bus:FullAccounts
2019-11-01
2020-10-31
xbrli:pure
xbrli:shares
iso4217:GBP