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REGISTERED NUMBER: 01752622 (England and Wales)













CHRIS LEACH AND ASSOCIATES LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CHRIS LEACH AND ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr. M Bulman
Mr A Heather
Ms C M Leach
Mrs J Phillips



REGISTERED OFFICE: Telynfa
Main Road
Gwaelod Y Garth
Cardiff
CF15 9HJ



REGISTERED NUMBER: 01752622 (England and Wales)



SENIOR STATUTORY AUDITOR: Mr Steven Davies



AUDITORS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,911 15,106
Investments 6 183,000 183,000
194,911 198,106

CURRENT ASSETS
Debtors 7 339,784 326,675
Investments 8 831,654 717,888
Cash at bank and in hand 837,554 968,680
2,008,992 2,013,243
CREDITORS
Amounts falling due within one year 9 158,678 234,707
NET CURRENT ASSETS 1,850,314 1,778,536
TOTAL ASSETS LESS CURRENT LIABILITIES 2,045,225 1,976,642

PROVISIONS FOR LIABILITIES 80,381 80,000
NET ASSETS 1,964,844 1,896,642

CAPITAL AND RESERVES
Called up share capital 12,100 12,100
Fair value reserve 14,596 (21,038 )
Retained earnings 1,938,148 1,905,580
SHAREHOLDERS' FUNDS 1,964,844 1,896,642

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





Ms C M Leach - Director


CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Chris Leach and Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial years are addressed below.
(a) Useful economic lives of assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on future investments, economic utilisation and the physical condition of the assets.
(b) Provisions for liabilities
The company makes an estimate of the value of claw-back of income and potential future claims. When assessing these values, the directors take into account historical information of claw-backs and the likelihood of success of any potential claim.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 20% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 360,000
AMORTISATION
At 1 October 2023
and 30 September 2024 360,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£ £ £
COST
At 1 October 2023 86,273 103,380 189,653
Additions - 436 436
At 30 September 2024 86,273 103,816 190,089
DEPRECIATION
At 1 October 2023 75,576 98,971 174,547
Charge for year 1,605 2,026 3,631
At 30 September 2024 77,181 100,997 178,178
NET BOOK VALUE
At 30 September 2024 9,092 2,819 11,911
At 30 September 2023 10,697 4,409 15,106

6. FIXED ASSET INVESTMENTS

The following company was a subsidiary of the company as at the year end:

CLA Trust&Legacy Planning Limited - Company Number 08594769

The company is registered in England and Wales and operates in Wales. Chris Leach and Associates Limited own 100% of the ordinary £1 shares.

The principal activity of the subsidiary was the provision of trust and legacy advice.

CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 59,718 39,943
Amounts owed by group undertakings 2,152 1,916
Other debtors 277,914 284,816
339,784 326,675

8. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Other 831,654 717,888

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 14,068 3,164
Taxation and social security 127,020 207,142
Other creditors 17,590 24,401
158,678 234,707

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Steven Davies (Senior Statutory Auditor)
for and on behalf of Carston ETL