Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10776591 Mr L P Kenny Mrs R L Kenny iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10776591 2023-05-31 10776591 2024-05-31 10776591 2023-06-01 2024-05-31 10776591 frs-core:CurrentFinancialInstruments 2024-05-31 10776591 frs-core:Non-currentFinancialInstruments 2024-05-31 10776591 frs-core:ShareCapital 2024-05-31 10776591 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10776591 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10776591 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10776591 frs-bus:SmallEntities 2023-06-01 2024-05-31 10776591 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10776591 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10776591 frs-bus:Director1 2023-06-01 2024-05-31 10776591 frs-bus:Director1 2023-05-31 10776591 frs-bus:Director1 2024-05-31 10776591 frs-bus:Director2 2023-06-01 2024-05-31 10776591 frs-countries:EnglandWales 2023-06-01 2024-05-31 10776591 2022-05-31 10776591 2023-05-31 10776591 2022-06-01 2023-05-31 10776591 frs-core:CurrentFinancialInstruments 2023-05-31 10776591 frs-core:Non-currentFinancialInstruments 2023-05-31 10776591 frs-core:ShareCapital 2023-05-31 10776591 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10776591
Leigh Kenny Wealth Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10776591
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 77,379 13,710
Cash at bank and in hand 12,234 51,054
89,613 64,764
Creditors: Amounts Falling Due Within One Year 5 (25,125 ) (7,557 )
NET CURRENT ASSETS (LIABILITIES) 64,488 57,207
TOTAL ASSETS LESS CURRENT LIABILITIES 64,488 57,207
NET ASSETS 64,488 57,207
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 64,388 57,107
SHAREHOLDERS' FUNDS 64,488 57,207
For the year ending 31 May 2024 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 L P Kenny
Director
9 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Leigh Kenny Wealth Solutions Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advice and financial planning is recognised by reference to the stage of completion at the balance sheet date.
2.3. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.  
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.4. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.5. Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme.  Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
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4. Debtors
2024 2023
£ £
Due within one year
Other debtors 20,000 -
Directors' loan accounts 43,879 13,710
63,879 13,710
Due after more than one year
Corporation tax recoverable assets 13,500 -
77,379 13,710
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 23,130 5,687
Accruals and deferred income 1,995 1,870
25,125 7,557
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Leigh Kenny 13,710 47,559 (17,390 ) - 43,879
Beneficial loan interest has been charged at a rate of 2.25% on the directors loan account. In the previous year, the interest rate was 2% until March 2023. The loan is repayable on demand.
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