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Bank and other borrowings (Tables)
 12 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Analysis of Bank and Other Borrowings

Bank and other borrowings were analyzed as follows:

 

   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 
Schedule of Bank and Other Borrowings

Bank and other borrowings as of June 30, 2023 and 2024 were as follows:

 

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.
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