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v3.24.3

Bank and other borrowings | 12 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Bank and other borrowings | 12. Bank and other borrowings Bank and other borrowings were analyzed as follows: Schedule of Analysis of Bank and Other Borrowings
|  | GBP |  |  | GBP |  |  | US$ |
|  | As of June 30, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | GBP |  |  | GBP |  |  | US$ |
Current portion: |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings - secured |  |  | 6,056,487 |  |  |  | 6,098,608 |  |  |  | 7,708,640 |
Bank overdraft - secured |  |  | 910,930 |  |  |  | 859,639 |  |  |  | 1,086,584 |
Other borrowings - secured |  |  | 621,729 |  |  |  | 666,055 |  |  |  | 841,893 |
Other borrowings - unsecured |  |  | - |  |  |  | 141,980 |  |  |  | 179,463 |
Total current portion |  |  | 7,589,146 |  |  |  | 7,766,282 |  |  |  | 9,816,580 |
Non-current portion: |  |  |  |  |  |  |  |  |  |  |  |
Bank borrowings - secured |  |  | 287,500 |  |  |  | 137,500 |  |  |  | 173,800 |
Total non-current portion |  |  | 287,500 |  |  |  | 137,500 |  |  |  | 173,800 |
Total bank and other borrowings |  |  | 7,876,646 |  |  |  | 7,903,782 |  |  |  | 9,990,380 |
Bank and other borrowings as of June 30, 2023 and 2024 were as follows: Schedule of Bank and Other Borrowings
Lender |  | Type |  | date |  | Currency |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2024 |
|  |  |  | Maturity |  |  |  |  | Weighted average interest rate as of June 30, |  |  | Weighted average interest rate as of June 30, |  |  | Balance as of June 30, |
Lender |  | Type |  | date |  | Currency |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2024 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | GBP |  |  | GBP |  |  | US$ |
DBS Bank (Hong Kong) Limited(1) |  | Overdraft |  | On demand |  |  | HK$ |  |  |  | 6.38 | % |  |  | 6.50 | % |  |  | 910,930 |  |  |  | 859,639 |  |  |  | 1,086,583 |
DBS Bank (Hong Kong) Limited(1) |  | Trading finance |  | Within 1 year |  |  | HK$ |  |  |  | 5.88 | % |  |  | 6.00 | % |  |  | 648,635 |  |  |  | 644,821 |  |  |  | 815,054 |
DBS Bank (Hong Kong) Limited(1)) |  | Term loan |  | December 30, 2036 |  |  | HK$ |  |  |  | 2.78 | % |  |  | 6.00 | % |  |  | 676,371 |  |  |  | 649,464 |  |  |  | 820,922 |
DBS Bank (Hong Kong) Limited(1) |  | Term loan |  | October 29, 2034 |  |  | US$ |  |  |  | 6.00 | % |  |  | - |  |  |  | 79,722 |  |  |  | - |  |  |  | - |
DBS Bank (Hong Kong) Limited(1) |  | Term loan |  | June 30, 2032 |  |  | HK$ |  |  |  | 2.78 | % |  |  | 6.00 | % |  |  | 210,401 |  |  |  | 194,775 |  |  |  | 246,196 |
DBS Bank (Hong Kong) Limited(6) |  | Term loan |  | September 13, 2033 |  |  | HK$ |  |  |  | - |  |  |  | 3.63 | % |  |  | - |  |  |  | 405,010 |  |  |  | 511,933 |
Standard Chartered Bank (Hong Kong) Limited(2) |  | Term loan |  | November 12, 2029 |  |  | HK$ |  |  |  | 3.50 | % |  |  | 3.62 | % |  |  | 144,340 |  |  |  | 125,791 |  |  |  | 159,000 |
Standard Chartered Bank (Hong Kong) Limited(2) |  | Term loan |  | August 7, 2028 |  |  | HK$ |  |  |  | 3.50 | % |  |  | 3.62 | % |  |  | 102,748 |  |  |  | 85,555 |  |  |  | 108,142 |
Standard Chartered Bank (Hong Kong) Limited(2) |  | Term loan |  | December 7, 2028 |  |  | HK$ |  |  |  | 3.50 | % |  |  | 3.62 | % |  |  | 131,798 |  |  |  | 111,336 |  |  |  | 140,728 |
China Citic Bank International (3) |  | Revolving loan |  | Within one year |  |  | HK$ |  |  |  | 4.50 | % |  |  | 5.00 | % |  |  | 1,878,075 |  |  |  | 1,905,457 |  |  |  | 2,408,497 |
China Citic Bank International (3) |  | Term loan |  | July 9, 2042 |  |  | HK$ |  |  |  | 3.25 | % |  |  | 5.46 | % |  |  | 947,218 |  |  |  | 930,828 |  |  |  | 1,176,567 |
China Citic Bank International (3) |  | Revolving loan |  | Within one year |  |  | HK$ |  |  |  | 6.34 | % |  |  | 5.90 | % |  |  | 256,564 |  |  |  | 260,304 |  |  |  | 329,024 |
Bank of East Asia(2) |  | Term loan |  | January 27, 2030 |  |  | HK$ |  |  |  | 3.50 | % |  |  | 3.50 | % |  |  | 142,021 |  |  |  | 124,342 |  |  |  | 157,168 |
Bank of Communications Hong Kong(2) |  | Term loan |  | April 7, 2027 |  |  | HK$ |  |  |  | 4.88 | % |  |  | 5.13 | % |  |  | 450,656 |  |  |  | 346,487 |  |  |  | 437,959 |
Bank of Communications Hong Kong(2) |  | Term loan |  | May 16, 2026 |  |  | HK$ |  |  |  | 7.54 | % |  |  | 6.84 | % |  |  | 237,938 |  |  |  | 164,438 |  |  |  | 207,850 |
Natwest Westminster Bank Plc(4) |  | Term loan |  | July 20, 2026 |  |  | GBP |  |  |  | 5.01 | % |  |  | 5.01 | % |  |  | 308,333 |  |  |  | 208,333 |  |  |  | 263,333 |
Natwest Westminster Bank Plc(4) |  | Term loan |  | January 21, 2026 |  |  | GBP |  |  |  | 5.21 | % |  |  | 5.21 | % |  |  | 129,167 |  |  |  | 79,167 |  |  |  | 100,067 |
Arbuthnot Latham & Co. Limited(5) |  | Trading finance |  | Within 1 year |  |  | GBP |  |  |  | 6.23 | % |  |  | 6.23 | % |  |  | 621,729 |  |  |  | 666,055 |  |  |  | 841,894 |
RCH Capital Limited |  | Trading finance |  | Within 1 year |  |  | GBP |  |  |  | - |  |  |  | 24.21 | % |  |  | - |  |  |  | 141,980 |  |  |  | 179,463 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,876,646 |  |  |  | 7,903,782 |  |  |  | 9,990,380 |
Less: current maturities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (7,589,146 | ) |  |  | (7,766,282 | ) |  |  | (9,816,580 | )
Non-current maturities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 287,500 |  |  |  | 137,500 |  |  |  | 173,800 |
(1) The banking facilities were secured as follows: (a) Unlimited personal guarantees by Mr. Michael Lau and Mr. Kevin Cox; (b) Unlimited personal guarantee by Mr. Tom Ko Yuen Lau, the former shareholder of Sky Shadow Limited; (c) Unlimited personal guarantees by Mr. Edley Ying Sang Lau and Mrs. Agnes Lai Yung Lau To, immediate family members of Mr. Michael Lau; (d) Legal charge over certain properties owned by Mr. Edley Ying Sang Lau and Mrs. Agnes Lai Yung Lau To and also assignment of insurance policies in respect of the above properties; (e) Corporate guarantees by certain subsidiaries of the Company; and (f) Assignment of benefit from life insurance premium assets held by the Company. (2) The banking facilities were secured as follows: (a) Unlimited personal guarantee by Mr. Michael Lau; (b) Unlimited personal guarantee by Mr. Tom Ko Yuen Lau; and (c) Corporate guarantee by HKMC Insurance Limited under the SME Financing Guarantee Scheme. (3) The banking facilities were secured as follows: (a) Unlimited personal guarantee by Mr. Michael Lau; (b) Unlimited personal guarantee by Mr. Tom Ko Yuen Lau; (c) Legal charge over certain properties owned by AGL, CLL, LPL and PML; (d) Corporate guarantees by certain subsidiaries of the Company; and (e) Assignment of benefit from life insurance premium assets held by the Company. (4) The banking facilities were secured as follows: (a) Corporate guarantees by certain subsidiaries of the Company; (b) Legal charge over the assets of Energys Group Limited (UK) and ECSL; and (c) Guarantee under the Coronavirus Business Interruption Loan Scheme in the United Kingdom. (5) The banking facilities were secured as follows: (a) Limited personal guarantee of Mr. Kevin Cox; (b) Performance warranty provided by Mr. Kevin Cox and Mr. Alan Robinson, staff of ECSL; and (c) Legal charge over the assets of Energys Group Limited (UK), ECSL and Energys Services Ltd. (6) The banking facilities were secured as follows: (a) Unlimited personal guarantee by Mr. Michael Lau; and (b) Corporate guarantee by HKMC Insurance Limited under the SME Financing Guarantee Scheme. As of June 30, 2023 Schedule of Loan Type in Terms of Currency
Loan type in terms of currency |  | In US$ |  |  | In HK$ |  |  | In GBP |  |  | Total |
|  | GBP |  |  | GBP |  |  | GBP |  |  | GBP |
Within one year |  |  | 79,722 |  |  |  | 6,817,417 |  |  |  | 771,729 |  |  |  | 7,589,146 |
2024/2025 |  |  | - |  |  |  | - |  |  |  | 150,000 |  |  |  | 150,000 |
2025/2026 |  |  | - |  |  |  | - |  |  |  | 137,500 |  |  |  | 137,500 |
Carrying value |  |  | 79,722 |  |  |  | 6,817,417 |  |  |  | 1,059,229 |  |  |  | 7,876,646 |
As of June 30, 2024
Loan type in terms of currency |  | In US$ |  |  | In HK$ |  |  | In GBP |  |  | Total |  |  | Total |
|  | GBP |  |  | GBP |  |  | GBP |  |  | GBP |  |  | US$ |
Within one year |  |  | - |  |  |  | 6,808,247 |  |  |  | 958,035 |  |  |  | 7,766,282 |  |  |  | 9,816,580 |
2025/2026 |  |  | - |  |  |  | - |  |  |  | 137,500 |  |  |  | 137,500 |  |  |  | 173,800 |
2026/2027 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Carrying value |  |  | - |  |  |  | 6,808,247 |  |  |  | 1,095,535 |  |  |  | 7,903,782 |  |  |  | 9,990,380 |

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