Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 6926530 Mr Jonathan Leat Mrs Jayne Leat Mr Jonathan Leat true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6926530 2024-03-31 6926530 2025-03-31 6926530 2024-04-01 2025-03-31 6926530 frs-core:CurrentFinancialInstruments 2025-03-31 6926530 frs-core:ComputerEquipment 2025-03-31 6926530 frs-core:ComputerEquipment 2024-04-01 2025-03-31 6926530 frs-core:ComputerEquipment 2024-03-31 6926530 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 6926530 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 6926530 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 6926530 frs-core:MotorVehicles 2025-03-31 6926530 frs-core:MotorVehicles 2024-04-01 2025-03-31 6926530 frs-core:MotorVehicles 2024-03-31 6926530 frs-core:PlantMachinery 2025-03-31 6926530 frs-core:PlantMachinery 2024-04-01 2025-03-31 6926530 frs-core:PlantMachinery 2024-03-31 6926530 frs-core:ShareCapital 2025-03-31 6926530 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 6926530 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 6926530 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 6926530 frs-bus:SmallEntities 2024-04-01 2025-03-31 6926530 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 6926530 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 6926530 1 2024-04-01 2025-03-31 6926530 frs-bus:Director1 2024-04-01 2025-03-31 6926530 frs-bus:Director2 2024-04-01 2025-03-31 6926530 frs-core:CurrentFinancialInstruments 1 2025-03-31 6926530 frs-countries:EnglandWales 2024-04-01 2025-03-31 6926530 2023-03-31 6926530 2024-03-31 6926530 2023-04-01 2024-03-31 6926530 frs-core:CurrentFinancialInstruments 2024-03-31 6926530 frs-core:ShareCapital 2024-03-31 6926530 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 6926530 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 6926530
Leat Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6926530
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,219 57,321
56,219 57,321
CURRENT ASSETS
Debtors 5 24,862 24,629
Cash at bank and in hand 29,729 6,664
54,591 31,293
Creditors: Amounts Falling Due Within One Year 6 (39,230 ) (48,294 )
NET CURRENT ASSETS (LIABILITIES) 15,361 (17,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 71,580 40,320
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (320 ) (510 )
NET ASSETS 71,260 39,810
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 71,160 39,710
SHAREHOLDERS' FUNDS 71,260 39,810
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For the year ending 31 March 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 Jonathan Leat
Director
21/05/2025
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
Leat Solutions Ltd Registered number 6926530 is a limited by shares company incorporated in England & Wales. The Registered Office is High Trees, Newcastle Road, Loggerheads Market Drayton, Shropshire, TF9 4PH.
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 the Financial Reporting Standard for Smaller Entities (effective April 2007).
2.2. Turnover
Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes Value Added Tax. Where services are performed gradually over time, revenue is recognised as activity progresses by reference to the value of work performed.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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: 
Freehold 3% Straight line basis
Plant & Machinery 25% straight line basis
Motor Vehicles 25% straight line basis
Computer Equipment 25% straight line
2.4. 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.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 54,173 7,060 19,250 4,462 84,945
Additions 3,451 2,707 - 577 6,735
Disposals (5,810 ) - - - (5,810 )
As at 31 March 2025 51,814 9,767 19,250 5,039 85,870
Depreciation
As at 1 April 2024 110 4,233 19,250 4,031 27,624
Provided during the period 110 1,628 - 289 2,027
As at 31 March 2025 220 5,861 19,250 4,320 29,651
Net Book Value
As at 31 March 2025 51,594 3,906 - 719 56,219
As at 1 April 2024 54,063 2,827 - 431 57,321
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,200 18,638
Prepayments and accrued income 379 577
Other debtors 10,283 5,400
VAT - 14
24,862 24,629
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 546 5,800
Corporation tax 21,484 16,234
Other taxes and social security 1,637 3,466
VAT 3,097 -
Other creditors (1) 89 89
Accruals and deferred income 5,651 6,085
Directors' loan accounts 6,726 16,620
39,230 48,294
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7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 320 510
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 44,000 30,000
10. Related Party Transactions
Mr Jonathan LeatDirectorDuring the accounting period the company paid dividends totalling £22000 (2024: £12,000) to the director

Mr Jonathan Leat

Director

During the accounting period the company paid dividends totalling £22000 (2024: £12,000) to the director

Mrs Jayne LeatDirectorDuring the accounting period the company paid dividends totalling £22000 (2024: £18,000) to the director

Mrs Jayne Leat

Director

During the accounting period the company paid dividends totalling £22000 (2024: £18,000) to the director

Mr & Mrs J LeatBoth are directors of the companyA small parcel of land, owned by the company was sold to the directors.

Mr & Mrs J Leat

Both are directors of the company

A small parcel of land, owned by the company was sold to the directors.

The agricultural land of about about 3300 square meters was sold for £10,000. The land sold had an original proportionate cost of £5,810 when it was purchased in September 2023. The profit of £4,190 is shown in the accounts as Other Operating Income
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Jonathan Leat by virtue of his ownership of 50% of the issued share capital in the company.
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