Company Registration No. NI639416 (Northern Ireland)
KILMOYLE AD LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
KILMOYLE AD LIMITED
CONTENTS
Page
Directors' report
1
Independent auditor's report
2 - 4
Balance sheet
5
Notes to the financial statements
6 - 12
KILMOYLE AD LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -
The directors present their annual report and financial statements for the year ended 31 March 2023.
Principal activities
The principal activity of the company continued to be the production of energy from waste products.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Stefania Trivellato
(Resigned 2 March 2023)
James Blair
James Collis
(Appointed 2 March 2023)
Joseph Jervis
(Appointed 17 March 2023)
A Shutie
(Resigned 15 September 2022)
Auditor
Pursuant to Section487 of the Companies Act 2006, the auditor MBS Chartered Accountants, will continue in office.
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;
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.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
James Collis
Director
4 December 2023
KILMOYLE AD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF KILMOYLE AD LIMITED
- 2 -
Opinion
We have audited the financial statements of Kilmoyle AD Limited (the 'company') for the year ended 31 March 2023 which comprise , the balance sheet 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 31 March 2023 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.
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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the directors' report has been prepared in accordance with applicable legal requirements.
KILMOYLE AD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF KILMOYLE AD LIMITED
- 3 -
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 identified material misstatements in the directors' report.
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; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and take advantage of the small companies exemption from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
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.
KILMOYLE AD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF KILMOYLE AD LIMITED
- 4 -
The purpose of our audit work and to whom we owe our responsibilities
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.
Barry Millar, Senior Statutory Auditor
For and on behalf of MBS Chartered Accountants
3 High Street
Larne
Co. Antrim
BT40 1JN
4 December 2023
KILMOYLE AD LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 5 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2,584,629
2,749,979
Current assets
Debtors
5
233,560
275,519
Cash at bank and in hand
320,296
181,770
553,856
457,289
Creditors: amounts falling due within one year
6
(712,989)
(742,070)
Net current liabilities
(159,133)
(284,781)
Total assets less current liabilities
2,425,496
2,465,198
Creditors: amounts falling due after more than one year
7
(5,153,112)
(4,760,510)
Net liabilities
(2,727,616)
(2,295,312)
Capital and reserves
Called up share capital
9
10
10
Profit and loss reserves
10
(2,727,626)
(2,295,322)
Total equity
(2,727,616)
(2,295,312)
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 4 December 2023 and are signed on its behalf by:
James Collis
Director
Company Registration No. NI639416
KILMOYLE AD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
1
Accounting policies
Company information
Kilmoyle AD Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 9 Kilmoyle Road, Ballymoney, Northern Ireland, BT53 6NR.
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 amounts 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
Net liabilities at the year-end amounted to £2,727,616 and net current liabilities amounted to £159,133. Income of £1,320,264 was generated during the year. In view of the structure of the company’s financing arrangements, which are linked to shareholders loan agreements, the company will make losses in earlier years and profit in later years. The primary concern is the company's ability to meet the demands of the financing arrangement being with the loans which the shareholders of the company have issued. From review of the loan agreement and the repayment schedule, it is highlighted that there is no default on the loan if the security trustee (which is the shareholder) determines that there are insufficient funds to pay the relevant amounts. As a result of this, there is no risk of default, as there is discretion over what needs to be repaid and as such the company can agree with its funders to defer payments until they are in a cash generative position again. The projections of the company forecast a cash positive position. Based on the above, the accounts are continued to be prepared on a going concern basis.
.
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 recovered.
KILMOYLE AD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 7 -
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:
Leased plant & machinery
5% 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.
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
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.
1.7
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.
KILMOYLE AD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 8 -
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.
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 payments 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. Amounts 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.
1.8
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.
1.9
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.
1.10
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 leases asset are consumed.
KILMOYLE AD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 9 -
1.11
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
Auditor's remuneration
2023
2022
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
5,000
5,000
3
Employees
The company has no employees (2022: nil)
2023
2022
Number
Number
Total
The directors received fees of £12,541 (2022: £11,010) for their services.
4
Interest payable and similar expenses
2023
2022
£
£
Interest payable on financial liabilities
532,601
502,004
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
233,560
275,519
KILMOYLE AD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 10 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Obligations under finance leases
235,000
235,000
Other borrowings
8
235,000
235,000
Trade creditors
69,243
92,222
Taxation and social security
7,941
16,630
Other creditors
104,371
104,371
Accruals and deferred income
61,434
58,847
712,989
742,070
7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Obligations under finance leases
2,526,556
2,330,255
Other borrowings
8
100,000
100,000
Other creditors
2,526,556
2,330,255
5,153,112
4,760,510
8
Loans and interest bearing borrowings
This note provides information about the contractual terms of the company's interest-bearing loans and borrowings, which are measured at amortised cost.
2023
2022
£
£
Creditors - falling due in less than one year
Secured loan facility from related parties
235,000
235,000
Creditors - faling due after more than one year
Secured loan facility from related parties
2,526,556
2,330,255
Minimum lease payments under finance leases are as follows:
Net obligations repayable:
within one year
235,000
235,000
between one and five years
975,000
975,000
in more than five years
1,551,556
1,355,255
2,761,556
2,565,255
KILMOYLE AD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
8
Loans and interest bearing borrowings
(Continued)
- 11 -
The balance of payments outlined above is based upon the timing of payments as outlined within the contractual agreements. Included within secured loan facility from related parties above are amounts repayable after five years of £1,355,255. In relation to the interest-bearing loans discussed above, Foresight Fund Managers Limited, KKV (Cobalt) Limited and Greenmead AD Limited hold a fixed and floating charge over lands adjacent to 9 Kilmoyle Road, Ballymoney
Terms and debt repayment schedule
Lender
Currency
Nominal
Year of
Repayment
2023
interest rate
maturity
schedule
£
Loan from Greenmead AD
GBP
10%
2032
Quarterly capital and interest
2,761,556
Finance lease from KKV (Cobalt) Limited
GBP
10%
2032
Quarterly capital and interest
2,761,556
Loan from Greenmead AD
GBP
10%
2023
Capital due at maturity date
50,000
Loan from KKV (Cobalt) Limited
GBP
10%
2023
Capital due at maturity date
50,000
5,623,112
9
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
510
510
5
5
Ordinary B shares of 1p each
490
490
5
5
1,000
1,000
10
10
10
Profit and loss reserves
2023
2022
£
£
At the beginning of the year
(2,295,322)
(1,936,210)
Loss for the year
(432,304)
(359,112)
At the end of the year
(2,727,626)
(2,295,322)
KILMOYLE AD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 12 -
11
Operating lease commitments
The future minimum lease payments under non-cancellable operating leases, as follows:
2023
2022
£
£
Within one year
10,000
10,000
Between two and five years
40,000
40,000
In over five years
113,425
123,425
163,425
173,425
The initial rent on the land lease is £10,000 per annum and this is subject to annual inflationary increases based on RPI. These inflationary increases are not reflected in the table above.
12
Capital commitments
Capital commitments at the balance sheet date were £nil (2022: £nil)
2023-03-312022-04-01false04 December 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityThis audit opinion is unqualifiedStefania TrivellatoJames BlairAli KarkutiJames CollisJoseph JervisA ShutieNI6394162022-04-012023-03-31NI639416bus:Director12022-04-012023-03-31NI639416bus:Director22022-04-012023-03-31NI639416bus:Director42022-04-012023-03-31NI639416bus:Director52022-04-012023-03-31NI639416bus:Director62022-04-012023-03-31NI639416bus:Director32022-04-012023-03-31NI6394162023-03-31NI6394162022-03-31NI639416core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31NI639416core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-31NI639416core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-31NI639416core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-31NI639416core:CurrentFinancialInstruments2023-03-31NI639416core:CurrentFinancialInstruments2022-03-31NI639416core:Non-currentFinancialInstruments2023-03-31NI639416core:Non-currentFinancialInstruments2022-03-31NI639416core:ShareCapital2023-03-31NI639416core:ShareCapital2022-03-31NI639416core:RetainedEarningsAccumulatedLosses2023-03-31NI639416core:RetainedEarningsAccumulatedLosses2022-03-31NI639416core:ShareCapitalOrdinaryShares2023-03-31NI639416core:ShareCapitalOrdinaryShares2022-03-31NI639416core:RetainedEarningsAccumulatedLosses2022-03-31NI639416core:RetainedEarningsAccumulatedLosses2021-03-31NI639416core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-04-012023-03-31NI6394162021-04-012022-03-31NI639416core:WithinOneYear2023-03-31NI639416core:WithinOneYear2022-03-31NI639416core:Non-currentFinancialInstruments12023-03-31NI639416core:Non-currentFinancialInstruments12022-03-31NI639416core:BetweenTwoFiveYears2023-03-31NI639416core:BetweenTwoFiveYears2022-03-31NI639416core:MoreThanFiveYears2023-03-31NI639416core:MoreThanFiveYears2022-03-31NI639416bus:PrivateLimitedCompanyLtd2022-04-012023-03-31NI639416bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-31NI639416bus:FRS1022022-04-012023-03-31NI639416bus:Audited2022-04-012023-03-31NI639416bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP