Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI030315 Mr Geoffrey Leonard Mr Mark Leonard Mr Mark Leonard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI030315 2023-03-31 NI030315 2024-03-31 NI030315 2023-04-01 2024-03-31 NI030315 frs-core:CurrentFinancialInstruments 2024-03-31 NI030315 frs-core:Non-currentFinancialInstruments 2024-03-31 NI030315 frs-core:FurnitureFittings 2024-03-31 NI030315 frs-core:FurnitureFittings 2023-04-01 2024-03-31 NI030315 frs-core:FurnitureFittings 2023-03-31 NI030315 frs-core:MotorVehicles 2024-03-31 NI030315 frs-core:MotorVehicles 2023-04-01 2024-03-31 NI030315 frs-core:MotorVehicles 2023-03-31 NI030315 frs-core:PlantMachinery 2024-03-31 NI030315 frs-core:PlantMachinery 2023-04-01 2024-03-31 NI030315 frs-core:PlantMachinery 2023-03-31 NI030315 frs-core:ShareCapital 2024-03-31 NI030315 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI030315 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI030315 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 NI030315 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI030315 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI030315 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI030315 frs-core:CostValuation 2023-03-31 NI030315 frs-core:AdditionsToInvestments 2024-03-31 NI030315 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 NI030315 frs-core:CostValuation 2024-03-31 NI030315 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 NI030315 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 NI030315 frs-core:ListedExchangeTraded 2024-03-31 NI030315 frs-core:ListedExchangeTraded 2023-03-31 NI030315 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 NI030315 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 NI030315 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-03-31 NI030315 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 NI030315 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 NI030315 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 NI030315 frs-bus:Director1 2023-04-01 2024-03-31 NI030315 frs-bus:Director2 2023-04-01 2024-03-31 NI030315 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 NI030315 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI030315 2022-03-31 NI030315 2023-03-31 NI030315 2022-04-01 2023-03-31 NI030315 frs-core:CurrentFinancialInstruments 2023-03-31 NI030315 frs-core:Non-currentFinancialInstruments 2023-03-31 NI030315 frs-core:ShareCapital 2023-03-31 NI030315 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI030315
G Leonard Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
EM Accountants
Chartered Accountants
2nd Floor, Gortalowry House
94 Church Street
Cookstown
BT80 8HX
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of G Leonard Ltd For The Year Ended 31 March 2024
In accordance with the engagement letter dated 09 December 2019, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this 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 directors for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
24/03/2025
EM Accountants
Chartered Accountants
2nd Floor, Gortalowry House
94 Church Street
Cookstown
BT80 8HX
Page 1
Page 2
Balance Sheet
Registered number: NI030315
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,434,600 2,257,918
Investments 5 11,121 10,143
2,445,721 2,268,061
CURRENT ASSETS
Stocks 6 90,454 80,054
Debtors 7 351,291 736,586
Cash at bank and in hand 1,946,986 1,114,267
2,388,731 1,930,907
Creditors: Amounts Falling Due Within One Year 8 (726,573 ) (807,195 )
NET CURRENT ASSETS (LIABILITIES) 1,662,158 1,123,712
TOTAL ASSETS LESS CURRENT LIABILITIES 4,107,879 3,391,773
Creditors: Amounts Falling Due After More Than One Year 9 (454,162 ) (593,292 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (291,219 ) (93,138 )
NET ASSETS 3,362,498 2,705,343
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 3,362,497 2,705,342
SHAREHOLDERS' FUNDS 3,362,498 2,705,343
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For the year ending 31 March 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 Mark Leonard
Director
24/03/2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G Leonard Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI030315 . The registered office is 2nd Floor Gortalowry House, 94 Church Street, Cookstown, Co Tyrone, BT80 8HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
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 is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost (or deemed cost) or valuation less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 20% reducing balance/5% straight line
Motor Vehicles 25% reducing balance
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 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.
The term "cost" should be interpreted as meaning the total historical cost of bringing the relevant stock to its existing condition and location.
The net realisable value is the expected sale price of the relevant stock in the condition in which it is expected to be sold in the traders normal selling market.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in profit and loss account.
2.10. Debtors/Creditors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortisd cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.11. Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
3. Average Number of Employees
Average number of employees employed by the company in the year was 10 (2023: 19)
10 19
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4. Tangible Assets
Plant & Machinery Motor Vehicles Investment Properties Total
£ £ £ £
Cost
As at 1 April 2023 1,774,670 96,411 750,500 2,621,581
Additions 305,461 - - 305,461
As at 31 March 2024 2,080,131 96,411 750,500 2,927,042
Depreciation
As at 1 April 2023 314,227 49,436 - 363,663
Provided during the period 117,035 11,744 - 128,779
As at 31 March 2024 431,262 61,180 - 492,442
Net Book Value
As at 31 March 2024 1,648,869 35,231 750,500 2,434,600
As at 1 April 2023 1,460,443 46,975 750,500 2,257,918
5. Investments
Subsidiaries Listed Total
£ £ £
Cost
As at 1 April 2023 - 10,143 10,143
Additions 862 - 862
Revaluations - 116 116
As at 31 March 2024 862 10,259 11,121
Provision
As at 1 April 2023 - - -
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 862 10,259 11,121
As at 1 April 2023 - 10,143 10,143
6. Stocks
2024 2023
£ £
Stock 90,454 80,054
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 254,827 671,381
Other debtors 46,347 36,349
VAT 7,209 22,737
Amounts owed by subsidiaries 42,908 6,119
351,291 736,586
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 435,861 458,453
Bank loans and overdrafts 7,454 7,454
Other taxes and social security 42,512 62,856
Other creditors 240,746 278,432
726,573 807,195
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,330 19,030
Other creditors 441,832 574,262
454,162 593,292
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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