FOR THE YEAR ENDED 31 JANUARY 2026
STANFORD MARSH GROUP HOLDINGS LIMITED
COMPANY INFORMATION
STANFORD MARSH GROUP HOLDINGS LIMITED
CONTENTS
STANFORD MARSH GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The directors present the Group Strategic Report for the year. The principal activities of the Group continued to be the provision of wide format printing equipment, computer aided design and large format consumables to anyone with a design requirement or wide format output need, along with the provision of finance and servicing.
Stanford Marsh Group Holdings: Stanford Marsh Limited, Cadspec Limited, Tri Tech Engineering Limited (T/A Tri Tech 3D) and Stanford Marsh Finance Limited. The structure of which provides diversity and facilitates the spread of risk across differing design and manufacturing markets. This structure has enabled us to manage challenging periods throughout our trading history and tested most recently as the economy has had a significant number of unprecedented obstacles. We feel this balanced spread of business tools and broad array of industry sectors, supports continued confidence and allow for growth, regardless of adverse economic predictions.
Following the creation of a new ultimate parent Stanford Marsh Group Holdings Limited on the 1st February 2024 we have taken the opportunity to transfer the trade and net assets of 3D Print Bureau Limited trade to Tri-Tech Engineering Limited on the same date 1 February 2024. 3D Print Bureau Limited has now ceased to trade. As such the Directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements for 3D Print Bureau Limited. Accordingly, the financial statements for 3D Print Bureau Limited have been prepared on a basis other than going concern. No adjustments to the financial statements arose as a result of adopting this basis of preparation.
Following the creation of a new ultimate parent Stanford Marsh Group Holdings Limited on the 1st February 2024 we have taken the opportunity to transfer the trade and net assets of 3D Print Bureau Limited trade to Tri-Tech Engineering Limited on the same date 1 February 2024. 3D Print Bureau Limited has now ceased to trade. As such the Directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements for 3D Print Bureau Limited. Accordingly, the financial statements for 3D Print Bureau Limited have been prepared on a basis other than going concern. No adjustments to the financial statements arose as a result of adopting this basis of preparation.
Cadspec continues to show growth year-on-year. The company remains strongly aligned to the Autodesk Computer Aided Design (CAD) and Computer Aided Manufacturing (CAM) market in general. In September 2024, Autodesk transitioned in the UK to a new transactional model, that requires the end-customer to transact their software directly with Autodesk. Cadspec act in the role of an agency supplying customer liaison and being the trusted advisor, remains critical however, ensuring clients get the right advice and end solution. This explains the change to Cadspec revenue, but with no bearing on profit, as the income from commission will remain on par. We do expect to see further growth from added services, such as training, business consultancy and support.
Tri Tech 3D (TT3D) has seen an increase in high-end professional/industrial Additive Manufacturing (AM) solution sales, as the lower end home/hobbyist printers becomes more commoditised. Albeit a shift some would see as negative, more often the cheaper ‘good enough’ printers are being purchased by companies that hadn’t otherwise invested in a 3D printer. This we feel will pave the way for more adoption of AM and therefore a greater number taking a path to the solutions we sell that deliver quality, reliability and repeatability. We still represent market leaders Stratasys with 5 proven technologies, which include FDM, PolyJet, P3, SAF and Stereolithography, plus cost-effective solutions from UltiMaker and metal AM from One Click Metal. In summary, we have a solution to solve most needs and budgets.
As mentioned above, 3D Print Bureau (3DPB) is now within TT3D accounting and company structure, which underpins its place within the eco structure and their symbiotic relationship. 3DPB can often be a customer’s first entry into using AM and then develop to a volume whereby they acquire a system. It’s not uncommon for that same client to reach further capacity and overflow work returning to 3DPB for more of the same, or ability to tap into a different technology. The contribution from 3DPB brings profit to the group helping to spread that diversity we opened, with yet provides vital support to TT3D as demonstrates technical knowhow (we use the systems we sell), produces benchmarks and back-up services.
Stanford Marsh Limited (SML) the founder company. SML operates within multiple market sectors including the Architectural, Engineering and Construction (AEC), Manufacturing, Utilities, Local & Main Government as well as Graphics & Photographic industries with the provision of wide format printing systems. Offering end to end customer solutions, which include consultancy, hardware implementation, after care warranty, service, support and additionally operates the Groups consumable division for all specialised printing supplies including distribution of TT3D consumables. We remain the #1 market leader within the CAD & Technical sector for leading brands including HP, Canon and Epson.
Tri Tech 3D (TT3D) has seen an increase in high-end professional/industrial Additive Manufacturing (AM) solution sales, as the lower end home/hobbyist printers becomes more commoditised. Albeit a shift some would see as negative, more often the cheaper ‘good enough’ printers are being purchased by companies that hadn’t otherwise invested in a 3D printer. This we feel will pave the way for more adoption of AM and therefore a greater number taking a path to the solutions we sell that deliver quality, reliability and repeatability. We still represent market leaders Stratasys with 5 proven technologies, which include FDM, PolyJet, P3, SAF and Stereolithography, plus cost-effective solutions from UltiMaker and metal AM from One Click Metal. In summary, we have a solution to solve most needs and budgets.
As mentioned above, 3D Print Bureau (3DPB) is now within TT3D accounting and company structure, which underpins its place within the eco structure and their symbiotic relationship. 3DPB can often be a customer’s first entry into using AM and then develop to a volume whereby they acquire a system. It’s not uncommon for that same client to reach further capacity and overflow work returning to 3DPB for more of the same, or ability to tap into a different technology. The contribution from 3DPB brings profit to the group helping to spread that diversity we opened, with yet provides vital support to TT3D as demonstrates technical knowhow (we use the systems we sell), produces benchmarks and back-up services.
Stanford Marsh Limited (SML) the founder company. SML operates within multiple market sectors including the Architectural, Engineering and Construction (AEC), Manufacturing, Utilities, Local & Main Government as well as Graphics & Photographic industries with the provision of wide format printing systems. Offering end to end customer solutions, which include consultancy, hardware implementation, after care warranty, service, support and additionally operates the Groups consumable division for all specialised printing supplies including distribution of TT3D consumables. We remain the #1 market leader within the CAD & Technical sector for leading brands including HP, Canon and Epson.
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STANFORD MARSH GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
The wide format division has gone through recent transformation, adjusting overheads to suit trading profits with natural attrition and the closure of our Bristol distribution, as our current workflow doesn’t require multiple distribution locations, with Derby & Worcester meeting the capacity we require. These reduced overheads aren’t reflected in the accounts submitted, however we expect to see a significant uplift during FY27-28 trading. From a volume of sales perspective, the company remains buoyant in all operating areas & exclusive product distribution on specific product lines helps reinforce future profitability.
Underpinning all the above is Stanford Marsh Finance Limited, which provides not only the ability to offer leasing of the products we sell, but it also enables us to have a deep understanding of leasing in general, to help guide our customers who wish to explore the options of rental over capital expenditure.
To summarise; The results demonstrate strength in depth of the products and services we offer within our core markets of design and manufacture, with growth potential still to come from further consultancy and industry sectors such as Defence, Education, Manufacturing and Medical (point of care). We are very pleased to present these positive results in what remain challenging times and the foundations of further growth are in place going forward into 2027 and beyond.
Underpinning all the above is Stanford Marsh Finance Limited, which provides not only the ability to offer leasing of the products we sell, but it also enables us to have a deep understanding of leasing in general, to help guide our customers who wish to explore the options of rental over capital expenditure.
To summarise; The results demonstrate strength in depth of the products and services we offer within our core markets of design and manufacture, with growth potential still to come from further consultancy and industry sectors such as Defence, Education, Manufacturing and Medical (point of care). We are very pleased to present these positive results in what remain challenging times and the foundations of further growth are in place going forward into 2027 and beyond.
The directors constantly monitor the risks and uncertainties facing the Group with particular reference to the exposure on exchange rates, liquidity, inventories and credit risks. They are confident that there are suitable policies in place and there are no material risks and uncertainties which have not been considered.
The Group uses various financial instruments which include cash, trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to manage the Group’s daily operations. The main risks arising from the Group’s financial instruments are currency risk, credit risk and liquidity risk. The directors review and agree policies for managing each of these risks and they are summarised below.
Currency Risk
The Group has limited exposure to translation and transaction foreign exchange risk and do not consider this to have a significant impact on its operations.
Liquidity Risk
The Group seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.
Interest Rate Risk
The Group finances its operations through a mixture of cash, reinvestment of net income and where required funds loaned from related companies. The Group has minimal exposure to interest rate risks.
Credit Risk
The Group’s principal financial assets are inventories and trade debtors. The principal credit risk arises therefore from its trade debtors. In order to manage credit risk the directors set limits for its customers based on a combination of payment history and third party credit references. Credit limits are reviewed by the credit controller on a regular basis in conjunction with debt ageing and collection history.
Currently we are performing in line with expectations and confidently expect to achieve our future trading expectations.
The directors use a number of measures to monitor and benchmark the performance of the Group and these are continually monitored throughout the year. These are set out in the following table:
The directors use a number of measures to monitor and benchmark the performance of the Group and these are continually monitored throughout the year. These are set out in the following table:
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STANFORD MARSH GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
This report was approved by the board and signed on its behalf.
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STANFORD MARSH GROUP HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The directors present their report and the financial statements for the year ended 31 January 2026.
The profit for the year, after taxation, amounted to £728,323 (2025: £1,142,601).
Dividends of £399,042 (2025: £178,274) were approved during the year.
The directors who served during the year were:
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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STANFORD MARSH GROUP HOLDINGS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2026
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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STANFORD MARSH GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STANFORD MARSH GROUP HOLDINGS LIMITED
We have audited the financial statements of Stanford Marsh Group Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 January 2026, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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STANFORD MARSH GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STANFORD MARSH GROUP HOLDINGS LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' report.
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STANFORD MARSH GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STANFORD MARSH GROUP HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non compliance with laws and regulations, we considered the following:
∙the nature of the entity and its environment, internal control environment, and business performance.
∙the results of our enquiries of management about their own identification and assessment of the risk of irregularities.
∙obtaining and reviewing, for any matters identified, the Company’s documentation of their policies and procedures relating to:
°the identification, evaluation, and compliance with laws and regulations, and whether management were aware of any instances of non-compliance within the year
°the detection and response to the risk of fraud, and whether management have knowledge of actual, suspected, or alleged fraud; and
°the internal controls established to mitigate the risks of fraud or non-compliance with laws and regulations.
∙discussing amongst the audit engagement team, including internal tax specialists, regarding how and where fraud might occur in the financial statements and potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the completeness of revenue recognition and management override of controls. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to these identified risks.
We have obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.
We considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company’s ability to operate or to avoid a material penalty. These included data protection regulations, health and safety regulations, and employment legislation.
Audit response to risks identified:
We have obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.
We considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company’s ability to operate or to avoid a material penalty. These included data protection regulations, health and safety regulations, and employment legislation.
Audit response to risks identified:
At both a consolidated and parent company level, we identified revenue recognition cut off as a key audit matter to the potential risk of fraud, our procedures to respond to risks identified included the following:
∙reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements.
∙enquiring of management concerning actual and potential litigation claims.
∙performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement or fraud.
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STANFORD MARSH GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STANFORD MARSH GROUP HOLDINGS LIMITED (CONTINUED)
∙reading minutes of board meetings throughout the year.
∙in addressing the risk of fraud through management override of controls:
°testing the appropriateness of journal entries and other adjustments.
°assessing whether the judgements made in making accounting estimates are indicative of a potential bias.
°evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
1-3 College Yard
WR1 2LB
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STANFORD MARSH GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
REGISTERED NUMBER:15440461
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 34 form part of these financial statements.
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STANFORD MARSH GROUP HOLDINGS LIMITED
REGISTERED NUMBER:15440461
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 16 to 34 form part of these financial statements.
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STANFORD MARSH GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Stanford Marsh Group Holdings Limited is a private company, limited by shares, incorporated in the UK and registered in England and Wales. The registered office is Haycroft Works, Buckholt Drive, Warndon Business Park, Worcester, WR4 9ND.
The principal activities of the Group are the provision of wide format and 3D printing equipment, computer aided design and large format consumables to anyone with a design requirement or wide format output need, along with the provision of finance and servicing.
The principal activity of the company is that of a holding company.
The principal activities of the Group are the provision of wide format and 3D printing equipment, computer aided design and large format consumables to anyone with a design requirement or wide format output need, along with the provision of finance and servicing.
The principal activity of the company is that of a holding company.
2.ACCOUNTING POLICIES
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 Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The directors have reviewed budgets and forecasts for a period of at least 12 months from approval of these financial statements. It is considered that the group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
Revenue from the provision of training is recognised when the training course is provided to the customer.
Agency income
The company generates revenue through a combination of principal software licence sales and agency arrangements with software vendors. The majority of revenue is currently derived from agency arrangements under which the company recognises only the commission or margin earned as revenue.
Rental income
Revenue in respect of operating leases is recognised on an accruals basis in accordance with the substance of the relevant agreement. Typically, such revenue is recognised on a straight line basis over the life of the agreement.
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
GOODWILL
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life. Amortisation is provided on a straight line basis over 10 years.
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
Land is not depreciated. Depreciation on other assets 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:
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.
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.ACCOUNTING POLICIES (CONTINUED)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The group enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties.
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 Consolidated Statement of Comprehensive Income.
The group also enters into other financial instruments transactions, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures. These assets are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss.
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 Consolidated Statement of Comprehensive Income.
The group also enters into other financial instruments transactions, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures. These assets are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss.
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Analysis of turnover by country of destination:
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
11.TAXATION (CONTINUED)
There were no factors that may affect future tax charges.
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
14.TANGIBLE FIXED ASSETS (CONTINUED)
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 30
STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 31
STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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Merger reserve
Profit and loss account
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STANFORD MARSH GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £203,596 (2025: £153,025). Contributions totalling £8,803 (2025: £6,273) were payable to the fund by the group at the reporting date and are included in creditors.
During the year, the controlling party was Mr C S Marsh by virtue of his shareholding in Stanford Marsh Group Holdings Limited.
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