Caseware UK (AP4) 2023.0.135 2023.0.135 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). FRS102 allows certain disclosure exemptions for qualifying entities and the Company has taken advantage of the following exemptions for the Company financial statements: From preparing a statement of cash flows, on the basis that it is a qualifying entity; From the financial instruments disclosures required under FRS102 paragraphs 11.42 to 11.48(a)(iii), (iv), (b), (c) and paragraphs 12.26 – 12.29 (a), (b), A and 12.30, as the information is provided in the consolidated statement disclosures; and From disclosing the Company key management personnel compensation, as required by FRS102 paragraph 33.7, as the information is included within the consolidated statement disclosures.Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.Estimating allowance for impairment losses in intangible and tangible fixed assets The Company assesses impairment on intangible and tangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The factors that the Company considers important which could trigger an impairment review include the following: 1.) Significant underperformance relative to expected historical or projected future operating results 2.) Significant changes in the manner of use of the acquired assets or the strategy for overall business; and 3.) Significant negative industry or economic trends. In determining the present value of estimated future cashflows expected to be generated from the continued use of the assets, the Company is required to make estimates and assumptions that can materially affect the financial statements. These assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. An impairment loss would be recognised whenever evidence exists that the carrying value is not recoverable. For purposes of assessing impairment, assets are grouped at the lowest levels of which there are separately identifiable cashflows. An impairment loss is recognised and charged to profit or loss if the discounted expected future cash flows are less than the carrying amount. Fair value is estimated by discounting the expected future cashflows using a discount factor that reflects the risk-free rate of interest for a term consistent with the period of expected cashflows.0255454true282639true2024-01-01falseThe principal activity of the Company during the year was the marketing and distribution of a range of products for the leisure and garden products market.7true 08671305 2024-01-01 2024-12-31 08671305 2023-01-01 2023-12-31 08671305 2024-12-31 08671305 2023-12-31 08671305 2023-01-01 08671305 1 2024-01-01 2024-12-31 08671305 d:CompanySecretary1 2024-01-01 2024-12-31 08671305 d:Director1 2024-01-01 2024-12-31 08671305 d:RegisteredOffice 2024-01-01 2024-12-31 08671305 d:Agent1 2024-01-01 2024-12-31 08671305 c:MotorVehicles 2024-01-01 2024-12-31 08671305 c:MotorVehicles 2024-12-31 08671305 c:MotorVehicles 2023-12-31 08671305 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08671305 c:FurnitureFittings 2024-01-01 2024-12-31 08671305 c:FurnitureFittings 2024-12-31 08671305 c:FurnitureFittings 2023-12-31 08671305 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08671305 c:ComputerEquipment 2024-01-01 2024-12-31 08671305 c:ComputerEquipment 2024-12-31 08671305 c:ComputerEquipment 2023-12-31 08671305 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08671305 c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08671305 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 08671305 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08671305 c:CurrentFinancialInstruments 2024-12-31 08671305 c:CurrentFinancialInstruments 2023-12-31 08671305 c:ShareCapital 2024-12-31 08671305 c:ShareCapital 2023-12-31 08671305 c:ShareCapital 2023-01-01 08671305 c:OtherMiscellaneousReserve 2024-01-01 2024-12-31 08671305 c:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08671305 c:RetainedEarningsAccumulatedLosses 2024-12-31 08671305 c:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 08671305 c:RetainedEarningsAccumulatedLosses 2023-12-31 08671305 c:RetainedEarningsAccumulatedLosses 2023-01-01 08671305 d:OrdinaryShareClass1 2024-01-01 2024-12-31 08671305 d:OrdinaryShareClass1 2023-01-01 2023-12-31 08671305 d:OrdinaryShareClass1 2024-12-31 08671305 d:OrdinaryShareClass1 2023-12-31 08671305 d:FRS102 2024-01-01 2024-12-31 08671305 d:Audited 2024-01-01 2024-12-31 08671305 d:FullAccounts 2024-01-01 2024-12-31 08671305 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08671305 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08671305 c:DevelopmentCostsCapitalisedDevelopmentExpenditure c:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 08671305 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

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Financial Statements
Atkin and Thyme Limited
For the  year ended 31 December 2024





































Registered number: 08671305
 
Atkin and Thyme Limited
 

Company Information


Director
Richard Paul Grimmer 




Company secretary
James Travis



Registered number
08671305



Registered office
Dewmead Farm New Inn Road
Hinxworth

Baldock

Hertfordshire

SG7 5HG




Independent auditor
Grant Thornton
Chartered Accountants &  
Statutory Audit Firm

13-18 City Quay

Dublin 2




Bankers
HSBC UK Bank PLC
Stevenage

United Kingdom




Solicitors
Hopson Solicitors Limited
2 Imperial Square

Cheltenham

Gloucestershire

United Kingdom




 
Atkin and Thyme Limited
 

Contents



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 11

 
Atkin and Thyme Limited
Registered number:08671305

Statement of financial position
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
11,886
-

Tangible assets
 6 
17,641
20,107

  
29,527
20,107

Current assets
  

Stocks
 7 
1,315,244
823,977

Debtors: amounts falling due within one year
 8 
1,548,497
1,626,388

Cash at bank and in hand
 9 
222,105
102,038

  
3,085,846
2,552,403

Current liabilities
  

Creditors: amounts falling due within one year
 10 
(1,108,872)
(848,648)

Net current assets
  
 
 
1,976,974
 
 
1,703,755

  

Net assets
  
2,006,501
1,723,862


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
 12 
2,006,401
1,723,762

  
2,006,501
1,723,862


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Richard Paul Grimmer
Director

Date: 18 November 2025

The notes on pages 4 to 11 form part of these financial statements.
Page 1
 
Atkin and Thyme Limited
Registered number:08671305

Statement of financial position (continued)
As at 31 December 2024


Page 2
 
Atkin and Thyme Limited
 

Statement of changes in equity
For the  year ended 31 December 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2024
100
1,723,762
1,723,862


Comprehensive income for the year

Profit for the year
-
282,639
282,639


At 31 December 2024
100
2,006,401
2,006,501



Statement of changes in equity
For the  year ended 31 December 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
100
1,973,308
1,973,408


Comprehensive income for the year

Profit for the year
-
255,454
255,454


Contributions by and distributions to owners

Dividends: Equity capital
-
(505,000)
(505,000)


At 31 December 2023
100
1,723,762
1,723,862


The notes on pages 4 to 11 form part of these financial statements.

Page 3
 
Atkin and Thyme Limited
 
 
Notes to the financial statements
For the  year ended 31 December 2024

1.


General information

Atkin and Thyme Limited (the Company) is a members' limited company which is registered and incorporated in the United Kingdom. The Company's registered office is Dewmead Farm, New Inn Road, Hinxworth, Baldock, Hertfordshire, SG7 5HG. The principal activity of the Company is disclosed in the Directors' Report.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

FRS102 allows certain disclosure exemptions for qualifying entities and the Company has taken advantage of the following exemptions for the Company financial statements:

∙From preparing a statement of cash flows, on the basis that it is a qualifying entity;
∙From the financial instruments disclosures required under FRS102 paragraphs 11.42 to 11.48(a)(iii), (iv), (b), (c)  and paragraphs 12.26 – 12.29 (a), (b), A and 12.30, as the information is provided in the consolidated statement disclosures; and
∙From disclosing the Company key management personnel compensation, as required by FRS102 paragraph 33.7, as the information is included within the consolidated statement disclosures.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4
 
Atkin and Thyme Limited
 

Notes to the financial statements
For the  year ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5
 
Atkin and Thyme Limited
 

Notes to the financial statements
For the  year ended 31 December 2024

2.Accounting policies (continued)

 
2.8

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
10%
Fixtures and fittings
-
10%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

 Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes the purchase price, including taxes and duties and transport and handling directly attributable to bringing the inventory to its present location and condition.
 
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

 Creditors

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

Page 6
 
Atkin and Thyme Limited
 

Notes to the financial statements
For the  year ended 31 December 2024

2.Accounting policies (continued)

 
2.13

 Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

 
2.14

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The key estimates and assumptions concerning the future and other key sources of estimation uncertainty at the financial reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:
 
Estimating useful lives of depreciable assets
The annual depreciation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of fair values and residual values. The directors annually review these asset lives and adjust them as necessary to reflect current thinking on remaining lives in light of technological change, prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have significant impact on depreciation charges for the period. It is not practical to quantity the impact of changes in asset lives on an overall basis, as asset lives are individually determined, and there are a significant number of asset lives in use. The impact of any change would vary significantly depending on the individual changes in assets and the classes of assets impacted.

Estimating allowance for impairment losses in intangible and tangible fixed assets
The Company assesses impairment on intangible and tangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The factors that the Company considers important which could trigger an impairment review include the following:
1.) Significant underperformance relative to expected historical or projected future operating results
2.) Significant changes in the manner of use of the acquired assets or the strategy for overall business; and 
3.) Significant negative industry or economic trends.

 
Page 7
 
Atkin and Thyme Limited
 
 
Notes to the financial statements
For the  year ended 31 December 2024

3.Judgments in applying accounting policies (continued)

In determining the present value of estimated future cashflows expected to be generated from the continued use of the assets, the Company is required to make estimates and assumptions that can materially affect the financial statements.
These assets are reviewed for impairment whenever events or changes in circumstances indicate that the
carrying amounts may not be recoverable. An impairment loss would be recognised whenever evidence exists that the carrying value is not recoverable. For purposes of assessing impairment, assets are grouped at the lowest levels of which there are separately identifiable cashflows.
An impairment loss is recognised and charged to profit or loss if the discounted expected future cash flows
are less than the carrying amount. Fair value is estimated by discounting the expected future cashflows using a discount factor that reflects the risk-free rate of interest for a term consistent with the period of expected cashflows.


4.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023: 7).


5.


Intangible assets




Development expenditure

£



Cost


At 1 January 2024
164,479


Additions
11,886



At 31 December 2024

176,365



Amortisation


At 1 January 2024
164,479



At 31 December 2024

164,479



Net book value



At 31 December 2024
11,886



At 31 December 2023
-



Page 8
 
Atkin and Thyme Limited
 
 
Notes to the financial statements
For the  year ended 31 December 2024

6.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
18,650
1,314
25,109
45,073


Additions
-
-
6,103
6,103



At 31 December 2024

18,650
1,314
31,212
51,176



Depreciation


At 1 January 2024
16,997
1,189
6,780
24,966


Charge for the year on owned assets
1,653
95
6,821
8,569



At 31 December 2024

18,650
1,284
13,601
33,535



Net book value



At 31 December 2024
-
30
17,611
17,641



At 31 December 2023
1,653
125
18,329
20,107


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,315,244
823,977



8.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,516,821
1,609,741

Other debtors
1,250
-

Prepayments and accrued income
30,426
16,647

1,548,497
1,626,388


Amounts owed by group undertakings are interest free and repayable on demand.

Page 9
 
Atkin and Thyme Limited
 
 
Notes to the financial statements
For the  year ended 31 December 2024

9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
222,105
102,038



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
337,222
268,231

Corporation tax
142,893
132,739

Other taxation and social security
289,487
240,990

Other creditors
4,764
2,694

Accruals and deferred income
334,506
203,994

1,108,872
848,648



11.


Share capital

2024
2023
£
£
Authorised, Allotted, called up and fully paid



100 (2023: 100) Ordinary shares of £1.00 each
100
100



12.


Reserves

Other reserves

Other reserves represent capital contributions received in prior periods.

Profit and loss account

Includes all current and prior period retained profits and losses.


13.Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.


14.


Related party transactions

The Company has taken advantage of the exemption conferred by FRS 102, Section 33.11A, not to disclose transactions with members of the group headed by RGHVBRM Limited on the grounds that 100% of the voting rights are controlled within that group.

Page 10
 
Atkin and Thyme Limited
 
 
Notes to the financial statements
For the  year ended 31 December 2024

15.


Post balance sheet events

There have been no significant events affecting the Company since the financial year ended.


16.


Controlling party

The immediate and ultimate parent is RGHVBRM Limited, a company registered in England and Wales. The smallest and largest consolidated financial statements presented are that of RGHVBRM Limited. They are publicly available from the Companies House, Crown Way, Cardiff, CF14 3UZ, DX 33050 Cardiff, United Kingdom.


17.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 18 November 2025 by Tracey Sullivan (Senior statutory auditor) on behalf of Grant Thornton.


Page 11