Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 3456359 Mr Robert Beall Mr Thomas Beall Mr Robert Beall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3456359 2024-12-31 3456359 2025-12-31 3456359 2025-01-01 2025-12-31 3456359 frs-core:CurrentFinancialInstruments 2025-12-31 3456359 frs-core:Non-currentFinancialInstruments 2025-12-31 3456359 frs-core:BetweenOneFiveYears 2025-12-31 3456359 frs-core:ComputerEquipment 2025-12-31 3456359 frs-core:ComputerEquipment 2025-01-01 2025-12-31 3456359 frs-core:ComputerEquipment 2024-12-31 3456359 frs-core:MoreThanFiveYears 2025-12-31 3456359 frs-core:MotorVehicles 2025-12-31 3456359 frs-core:MotorVehicles 2025-01-01 2025-12-31 3456359 frs-core:MotorVehicles 2024-12-31 3456359 frs-core:PlantMachinery 2025-12-31 3456359 frs-core:PlantMachinery 2025-01-01 2025-12-31 3456359 frs-core:PlantMachinery 2024-12-31 3456359 frs-core:ShareCapital 2025-12-31 3456359 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 3456359 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 3456359 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 3456359 frs-bus:SmallEntities 2025-01-01 2025-12-31 3456359 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 3456359 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 3456359 frs-bus:Director1 2025-01-01 2025-12-31 3456359 frs-bus:Director2 2025-01-01 2025-12-31 3456359 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 3456359 frs-countries:EnglandWales 2025-01-01 2025-12-31 3456359 2023-12-31 3456359 2024-12-31 3456359 2024-01-01 2024-12-31 3456359 frs-core:CurrentFinancialInstruments 2024-12-31 3456359 frs-core:Non-currentFinancialInstruments 2024-12-31 3456359 frs-core:BetweenOneFiveYears 2024-12-31 3456359 frs-core:MoreThanFiveYears 2024-12-31 3456359 frs-core:ShareCapital 2024-12-31 3456359 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 3456359
Smiths Timber Merchants Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Tom Geraghty & Associates
Chartered Accountants and Business Advisors
38 North Gate
Newark
NG24 1EZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3456359
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93,935 95,332
93,935 95,332
CURRENT ASSETS
Stocks 5 118,595 121,197
Debtors 6 12,667 17,022
Cash at bank and in hand 112,627 146,807
243,889 285,026
Creditors: Amounts Falling Due Within One Year 7 (93,975 ) (108,951 )
NET CURRENT ASSETS (LIABILITIES) 149,914 176,075
TOTAL ASSETS LESS CURRENT LIABILITIES 243,849 271,407
Creditors: Amounts Falling Due After More Than One Year 8 (20,090 ) (26,633 )
NET ASSETS 223,759 244,774
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 223,659 244,674
SHAREHOLDERS' FUNDS 223,759 244,774
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Beall
Director
20/05/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Smiths Timber Merchants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 3456359 . The registered office is Appletongate, Newark, Nottinghamshire, NG24 1LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 8)
10 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 15,878 144,689 17,431 177,998
Additions 9,226 23,170 1,427 33,823
Disposals - (35,210 ) - (35,210 )
As at 31 December 2025 25,104 132,649 18,858 176,611
Depreciation
As at 1 January 2025 4,082 65,072 13,512 82,666
Provided during the period 4,826 26,352 3,772 34,950
Disposals - (34,940 ) - (34,940 )
As at 31 December 2025 8,908 56,484 17,284 82,676
Net Book Value
As at 31 December 2025 16,196 76,165 1,574 93,935
As at 1 January 2025 11,796 79,617 3,919 95,332
5. Stocks
2025 2024
£ £
Stock 118,595 121,197
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,275 13,615
Other debtors 3,392 3,407
12,667 17,022
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 25,723 35,616
Trade creditors 47,451 49,689
Other creditors 1,960 1,830
Taxation and social security 18,841 21,816
93,975 108,951
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 20,090 26,633
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 6,590
Later than five years 20,090 26,812
20,090 33,402
Less: Finance charges allocated to future periods (25,723 ) (28,847 )
45,813 62,249
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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