Company registration number 09834803 (England and Wales)
SMITHS HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SMITHS HOLDINGS LIMITED
COMPANY INFORMATION
Directors
N A Smith
D L Smith
R L Collins
Mr A J B Smith
Mr M Smith
Company number
09834803
Registered office
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
Auditors
CLA Evelyn Partners Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
SMITHS HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1
Group balance sheet
2
Company balance sheet
3 - 4
Group statement of changes in equity
5
Company statement of changes in equity
6
Notes to the financial statements
7 - 17
SMITHS HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The directors present the strategic report for the year ended 31 December 2023.

Principal activities

The principal activity of the group continues to be the retail sale of garden products to include a wide range of plants, shrubs, garden maintenance products, outdoor furniture, gifts and other products related to indoor/outdoor living.

Review of the business

The business continues to build on its excellent reputation for providing quality products at a competitive price, knowledgeable staff and excellent customer service. The numerous 5 star customer reviews received reflect the success of this approach and these are the principles upon which the business has been built and remain the key drivers going forward.

 

There were no significant operational changes in the group during 2023. The café has proved to be a very popular addition to the business, with sales substantially increased over 2023 and has helped to attract business from other local competitors.

Principal risks and uncertainties

The directors believe that the inflationary pressures currently being seen will continue for the foreseeable future and will potentially impact upon customer spend. Stock levels will continue to be managed and costs controlled to minimise the impact any reduced revenue may have on the business. Overall, the directors believe the company continues to be well managed and in a strong position to withstand any inflationary pressures which may result in further revenue reductions.

Key performance indicators

The directors consider the key performance indicators of the business to be revenue and gross profit margin. Overall revenue streams across the garden centre remained strong despite the continued impact of the “cost of living” issues. Gross margins have improved and costs have been controlled, the combination of which has enabled us to invest in areas of the business to continue improve our customer offering.

On behalf of the board

N A Smith
Director
19 September 2024
SMITHS HOLDINGS LIMITED
GROUP BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
7
3,271,887
3,279,198
Current assets
Stocks
10
853,837
1,007,415
Debtors
11
87,605
52,221
Cash at bank and in hand
986,630
1,373,241
1,928,072
2,432,877
Creditors: amounts falling due within one year
12
(498,264)
(679,639)
Net current assets
1,429,808
1,753,238
Total assets less current liabilities
4,701,695
5,032,436
Creditors: amounts falling due after more than one year
13
(276,511)
(451,502)
Provisions for liabilities
Deferred tax liability
15
43,067
33,116
(43,067)
(33,116)
Net assets
4,382,117
4,547,818
Capital and reserves
Called up share capital
17
256
256
Share premium account
1,657,276
1,657,276
Profit and loss reserves
2,724,585
2,890,286
Total equity
4,382,117
4,547,818

The directors of the group have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the board of directors and authorised for issue on 19 September 2024 and are signed on its behalf by:
19 September 2024
N A Smith
Director
Company registration number 09834803 (England and Wales)
SMITHS HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
7
3,017,895
3,105,776
Investments
8
2,769,312
2,769,312
5,787,207
5,875,088
Current assets
Debtors
11
315,064
95,997
Cash at bank and in hand
78,207
168,679
393,271
264,676
Creditors: amounts falling due within one year
12
(198,564)
(298,232)
Net current assets/(liabilities)
194,707
(33,556)
Total assets less current liabilities
5,981,914
5,841,532
Creditors: amounts falling due after more than one year
13
(276,511)
(451,502)
Provisions for liabilities
Deferred tax liability
15
(19,063)
(8,436)
19,063
8,436
Net assets
5,724,466
5,398,466
Capital and reserves
Called up share capital
17
256
256
Share premium account
1,657,276
1,657,276
Other reserves
2,750,000
2,750,000
Profit and loss reserves
1,316,934
990,934
Total equity
5,724,466
5,398,466

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £516,000 (2022 - £574,127 profit).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

SMITHS HOLDINGS LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 19 September 2024 and are signed on its behalf by:
19 September 2024
N A Smith
Director
Company registration number 09834803 (England and Wales)
SMITHS HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
As restated for the period ended 31 December 2022:
Balance at 31 December 2021
256
1,657,276
2,816,530
4,474,062
Year ended 31 December 2022:
Profit and total comprehensive income
-
-
363,916
363,916
Dividends
6
-
-
(290,160)
(290,160)
Balance at 31 December 2022
256
1,657,276
2,890,286
4,547,818
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
24,299
24,299
Dividends
6
-
-
(190,000)
(190,000)
Balance at 31 December 2023
256
1,657,276
2,724,585
4,382,117
SMITHS HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
Share capital
Share premium account
Merger reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
As restated for the period ended 31 December 2022:
Balance at 31 December 2021
256
1,657,276
2,750,000
706,968
5,114,500
Year ended 31 December 2022:
Profit and total comprehensive income for the year
-
-
-
574,126
574,126
Dividends
6
-
-
-
(290,160)
(290,160)
Balance at 31 December 2022
256
1,657,276
2,750,000
990,934
5,398,466
Year ended 31 December 2023:
Profit and total comprehensive income
-
-
-
516,000
516,000
Dividends
6
-
-
-
(190,000)
(190,000)
Balance at 31 December 2023
256
1,657,276
2,750,000
1,316,934
5,724,466
SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
1
Accounting policies
Company information

Smiths Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

 

The group consists of Smiths Holdings Limited and its subsidiary, Smiths Nurseries Limited.

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 amounts 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.

1.2
Business combinations

Under Section 19 of FRS 102, the group has applied merger accounting in preparing these consolidated financial statements.

 

The company acquired its interest in its wholly owned subsidiary, Smiths Nurseries Limited, by way of a business restructure whereby the ultimate shareholders did not change. Consequently, the cost of investment in Smiths Nurseries Limited has been eliminated upon consolidation against the merger reserve created by the business restructure.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Smiths Holdings Limited together with all entities controlled by the parent company (its subsidiaries).

 

All financial statements are made up to 31 December 2023. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

 

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
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.

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.

Operating lease income from properties and concessions are recognised in the profit and loss on a straight-line basis over the lease term.

SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 8 -
1.5
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:

Freehold land and buildings
2% straight line
Plant and equipment
25% straight line
Fixtures and fittings
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 recognised in the profit and loss account.

1.6
Fixed asset investments

In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
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.

1.8
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.

SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 9 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic financial Instruments” 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.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

 

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the group 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 group.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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 group’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.

 

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.

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.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 10 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’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.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Stock provision

Stock is valued at the lower of cost and net realisable value. Stock is valued from a 3rd party stock take of items held in the main storage locations, where margins are applied to the RRP to estimate the cost. The remaining stock is valued from an internal stock take where margins are applied to the RRP to estimate the cost. Net realisable value includes, where necessary, provisions for slow moving stock. Calculations of these provisions requires estimates to be made, which includes forecast consumer demand and economic environment.

3
Auditor's remuneration
2023
2022
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
5,000
7,713
Audit of the financial statements of the company's subsidiaries
11,000
16,150
16,000
23,863
4
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2023
2022
2023
2022
Number
Number
Number
Number
Administration
10
10
5
5
Site workers
61
60
-
-
Total
71
70
5
5
SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 11 -
5
Directors' remuneration
2023
2022
£
£
Remuneration for qualifying services
31,982
32,285
Company pension contributions to defined contribution schemes
319,344
-
351,326
32,285
6
Dividends
2023
2022
Recognised as distributions to equity holders:
£
£
Interim paid
190,000
290,160
7
Tangible fixed assets
Group
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023
3,228,315
384,541
633,309
191,107
4,437,272
Additions
-
0
35,824
68,951
62,272
167,047
Disposals
-
0
(47,183)
-
0
(2,800)
(49,983)
At 31 December 2023
3,228,315
373,182
702,260
250,579
4,554,336
Depreciation and impairment
At 1 January 2023
231,673
306,129
495,843
124,429
1,158,074
Depreciation charged in the year
42,817
24,316
74,727
32,498
174,358
Eliminated in respect of disposals
-
0
(47,183)
-
0
(2,800)
(49,983)
At 31 December 2023
274,490
283,262
570,570
154,127
1,282,449
Carrying amount
At 31 December 2023
2,953,825
89,920
131,690
96,452
3,271,887
At 31 December 2022
2,996,642
78,412
137,466
66,678
3,279,198
SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
7
Tangible fixed assets
(Continued)
- 12 -
Company
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 January 2023
3,228,315
53,218
190,130
3,471,663
Additions
-
0
-
0
2,197
2,197
At 31 December 2023
3,228,315
53,218
192,327
3,473,860
Depreciation and impairment
At 1 January 2023
231,673
51,174
83,040
365,887
Depreciation charged in the year
42,817
2,044
45,217
90,078
At 31 December 2023
274,490
53,218
128,257
455,965
Carrying amount
At 31 December 2023
2,953,825
-
0
64,070
3,017,895
At 31 December 2022
2,996,642
2,044
107,090
3,105,776
8
Fixed asset investments
Group
Company
2023
2022
2023
2022
Notes
£
£
£
£
Investments in subsidiaries
9
-
0
-
0
2,769,312
2,769,312
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2023 and 31 December 2023
2,769,312
Carrying amount
At 31 December 2023
2,769,312
At 31 December 2022
2,769,312
9
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Smiths Nurseries Limited
England and Wales
Ordinary
100.00
SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 13 -
10
Stocks
Group
Company
2023
2022
2023
2022
£
£
£
£
Raw materials and consumables
853,837
1,007,415
-
-

Stocks are stated after provision for impairment of £127,500 (2022: £137,000).

11
Debtors
Group
Company
2023
2022
2023
2022
Amounts falling due within one year:
£
£
£
£
Trade debtors
25,325
21,521
114,272
-
0
Amounts owed by group undertakings
-
-
200,792
89,285
Other debtors
32,944
18,936
-
0
-
0
Prepayments and accrued income
29,336
11,764
-
0
6,712
87,605
52,221
315,064
95,997
12
Creditors: amounts falling due within one year
Group
Company
2023
2022
2023
2022
Notes
£
£
£
£
Bank loans
14
52,214
61,831
52,214
61,831
Trade creditors
159,027
138,263
-
0
528
Corporation tax payable
9,499
79,135
9,499
79,107
Other taxation and social security
119,059
100,469
21,701
20,877
Other creditors
40,107
132,169
15,636
129,240
Accruals and deferred income
118,358
167,772
99,514
6,649
498,264
679,639
198,564
298,232
13
Creditors: amounts falling due after more than one year
Group
Company
2023
2022
2023
2022
Notes
£
£
£
£
Bank loans and overdrafts
14
276,511
451,502
276,511
451,502
SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 14 -
14
Loans and overdrafts
Group
Company
2023
2022
2023
2022
£
£
£
£
Bank loans
328,725
513,333
328,725
513,333
Payable within one year
52,214
61,831
52,214
61,831
Payable after one year
276,511
451,502
276,511
451,502

The bank loan provided by NatWest is secured by way of legal mortgage charge over the property at Smiths Nurseries.

15
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2023
2022
Group
£
£
Accelerated capital allowances
43,562
33,470
Retirement benefit obligations
(495)
(314)
Other
-
(40)
43,067
33,116
Liabilities
Liabilities
2023
2022
Company
£
£
Accelerated capital allowances
(19,063)
(8,436)
Group
Company
2023
2023
Movements in the year:
£
£
Liability/(Asset) at 1 January 2023
33,116
(8,436)
Charge/(credit) to profit or loss
9,951
(10,627)
Liability/(Asset) at 31 December 2023
43,067
(19,063)
SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 15 -
16
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
340,529
18,423

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

17
Share capital
Group and company
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
256 Ordinary shares of £1 each
256
256
256
256
18
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 auditor was CLA Evelyn Partners Limited.
19
Controlling party

The ultimate controlling party is D L Smith and N A Smith.

SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 16 -
20
Prior period adjustment
Reconciliation of changes in equity - group
31 December
31 December
2021
2022
£
£
Adjustments to prior year
Removal of goodwill
(879,034)
(703,227)
Declared dividends not recognised
(45,000)
(45,000)
Total adjustments
(924,034)
(748,227)
Equity as previously reported
5,398,096
5,296,045
Equity as adjusted
4,474,062
4,547,818
Analysis of the effect upon equity
Share premium
-
(2,750,000)
Profit and loss reserves
(924,034)
2,001,773
(924,034)
(748,227)
Reconciliation of changes in profit for the previous financial period
2022
£
Adjustments to prior year
Removal of goodwill
175,807
Profit as previously reported
188,109
Profit as adjusted
363,916
Reconciliation of changes in equity - company
31 December
31 December
2021
2022
£
£
Adjustments to prior year
Declared dividends not recognised
(45,000)
(45,000)
Equity as previously reported
5,159,500
5,443,466
Equity as adjusted
5,114,500
5,398,466
Analysis of the effect upon equity
Share premium
-
(2,750,000)
Other reserves
-
2,750,000
Profit and loss reserves
(45,000)
(45,000)
(45,000)
(45,000)
SMITHS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20
Prior period adjustment
(Continued)
- 17 -
Reconciliation of changes in profit for the previous financial period
2022
£
Adjustments to prior year
Total adjustments
-
Profit as previously reported
574,126
Profit as adjusted
574,126
Notes to reconciliation

Prior year adjustments have been made in respect of fundamental accounting errors made in prior years.

 

During the period ended 31 December 2021, dividends of £45,000 were properly declared but were omitted from the financial statements. This has been corrected.

 

The company has previously recognised a share premium account in respect of a business combination when Smiths Holdings Limited was inserted as a holding company of Smiths Nurseries Limited. Under Section 612 of the Companies Act 2006, this business combination is prohibited from creating a share premium which has instead been recognised as a merger reserve.

 

The effective acquisition of Smiths Nurseries Limited was accounted for using 'acquisition accounting' giving rise to goodwill on acquisition, but given this transaction constituted a business combination requiring the use of 'merger accounting' under section 19 of FRS 102. This has consequently resulted in the removal of goodwill upon acquisition and the resulting amortisation.

2023-12-312023-01-01falseCCH SoftwareCCH Accounts Production 2024.100N A SmithD L SmithR L CollinsMr A J B SmithMr M Smithfalse2024-09-25Keir Singletonfalse09834803bus:Consolidated2023-01-012023-12-31098348032023-01-012023-12-3109834803bus:Director12023-01-012023-12-3109834803bus:Director22023-01-012023-12-3109834803bus:Director32023-01-012023-12-3109834803bus:Director42023-01-012023-12-3109834803bus:Director52023-01-012023-12-3109834803bus:Consolidated2023-12-31098348032023-12-3109834803bus:Consolidated2022-12-31098348032022-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-12-3109834803core:PlantMachinerybus:Consolidated2023-12-3109834803core:FurnitureFittingsbus:Consolidated2023-12-3109834803core:MotorVehiclesbus:Consolidated2023-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2022-12-3109834803core:PlantMachinerybus:Consolidated2022-12-3109834803core:FurnitureFittingsbus:Consolidated2022-12-3109834803core:MotorVehiclesbus:Consolidated2022-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssets2023-12-3109834803core:PlantMachinery2023-12-3109834803core:FurnitureFittings2023-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssets2022-12-3109834803core:PlantMachinery2022-12-3109834803core:FurnitureFittings2022-12-3109834803core:AfterOneYearbus:Consolidated2023-12-3109834803core:AfterOneYearbus:Consolidated2022-12-3109834803core:WithinOneYear2023-12-3109834803core:WithinOneYear2022-12-3109834803core:AfterOneYear2023-12-3109834803core:AfterOneYear2022-12-3109834803core:CurrentFinancialInstruments2023-12-3109834803core:CurrentFinancialInstruments2022-12-3109834803core:ShareCapitalbus:Consolidated2023-12-3109834803core:ShareCapitalbus:Consolidated2022-12-3109834803core:SharePremiumbus:Consolidated2023-12-3109834803core:SharePremiumbus:Consolidated2022-12-3109834803core:RetainedEarningsAccumulatedLossesbus:Consolidated2023-12-3109834803core:RetainedEarningsAccumulatedLossesbus:Consolidated2022-12-3109834803core:ShareCapital2023-12-3109834803core:ShareCapital2022-12-3109834803core:SharePremium2023-12-3109834803core:SharePremium2022-12-3109834803core:OtherMiscellaneousReserve2023-12-3109834803core:OtherMiscellaneousReserve2022-12-3109834803core:RetainedEarningsAccumulatedLosses2023-12-3109834803core:RetainedEarningsAccumulatedLosses2022-12-3109834803core:ShareCapitalbus:Consolidated2021-12-3009834803core:SharePremiumbus:Consolidated2021-12-3009834803core:RetainedEarningsAccumulatedLossesbus:Consolidated2021-12-3009834803core:ShareCapital2021-12-3009834803core:SharePremium2021-12-3009834803core:RetainedEarningsAccumulatedLosses2021-12-30098348032021-12-312022-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-012023-12-3109834803core:PlantMachinery2023-01-012023-12-3109834803core:FurnitureFittings2023-01-012023-12-3109834803core:MotorVehicles2023-01-012023-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2022-12-3109834803core:PlantMachinerybus:Consolidated2022-12-3109834803core:FurnitureFittingsbus:Consolidated2022-12-3109834803core:MotorVehiclesbus:Consolidated2022-12-3109834803bus:Consolidated2022-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssets2022-12-3109834803core:PlantMachinery2022-12-3109834803core:FurnitureFittings2022-12-31098348032022-12-3109834803core:LandBuildingscore:OwnedOrFreeholdAssetsbus:Consolidated2023-01-012023-12-3109834803core:PlantMachinerybus:Consolidated2023-01-012023-12-3109834803core:FurnitureFittingsbus:Consolidated2023-01-012023-12-3109834803core:MotorVehiclesbus:Consolidated2023-01-012023-12-3109834803core:Subsidiary12023-01-012023-12-3109834803core:Subsidiary112023-01-012023-12-3109834803core:CurrentFinancialInstrumentsbus:Consolidated2023-12-3109834803core:CurrentFinancialInstrumentsbus:Consolidated2022-12-3109834803core:WithinOneYearbus:Consolidated2023-12-3109834803core:WithinOneYearbus:Consolidated2022-12-3109834803core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3109834803core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3109834803core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2023-12-3109834803core:Non-currentFinancialInstrumentscore:AfterOneYearbus:Consolidated2022-12-3109834803core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3109834803core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3109834803core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2023-12-3109834803core:CurrentFinancialInstrumentscore:WithinOneYearbus:Consolidated2022-12-3109834803bus:PrivateLimitedCompanyLtd2023-01-012023-12-3109834803bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109834803bus:FRS1022023-01-012023-12-3109834803bus:Audited2023-01-012023-12-3109834803bus:ConsolidatedGroupCompanyAccounts2023-01-012023-12-3109834803bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP