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REGISTERED NUMBER: 13419299 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Leonna Salmon Financial Planning Ltd

Leonna Salmon Financial Planning Ltd (Registered number: 13419299)

Contents of the Financial Statements
for the Year Ended 31 May 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leonna Salmon Financial Planning Ltd

Company Information
for the Year Ended 31 May 2025







DIRECTORS: Mrs L D Salmon
W J Salmon





REGISTERED OFFICE: 10 Park Lane
Old Basing
Basingstoke
RG24 7HE





REGISTERED NUMBER: 13419299 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Leonna Salmon Financial Planning Ltd (Registered number: 13419299)

Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 5,250
Tangible assets 5 18,355 24,474
22,855 29,724

CURRENT ASSETS
Debtors 6 28,234 7,511
Cash at bank 13,887 19,468
42,121 26,979
CREDITORS
Amounts falling due within one year 7 35,826 27,699
NET CURRENT ASSETS/(LIABILITIES) 6,295 (720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,150

29,004

CREDITORS
Amounts falling due after more than one
year

8

(18,107

)

(22,070

)

PROVISIONS FOR LIABILITIES 10 (4,299 ) (5,531 )
NET ASSETS 6,744 1,403

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 6,644 1,303
SHAREHOLDERS' FUNDS 6,744 1,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Leonna Salmon Financial Planning Ltd (Registered number: 13419299)

Balance Sheet - continued
31 May 2025


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 13 August 2025 and were signed on its behalf by:





Mrs L D Salmon - Director


Leonna Salmon Financial Planning Ltd (Registered number: 13419299)

Notes to the Financial Statements
for the Year Ended 31 May 2025


1. STATUTORY INFORMATION

Leonna Salmon Financial Planning Ltd 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.

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 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Financial instruments
Debtors and creditors payable/receivable 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 balance sheet date.


Leonna Salmon Financial Planning Ltd (Registered number: 13419299)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2024
and 31 May 2025 7,500
AMORTISATION
At 1 June 2024 2,250
Amortisation for year 750
At 31 May 2025 3,000
NET BOOK VALUE
At 31 May 2025 4,500
At 31 May 2024 5,250

Leonna Salmon Financial Planning Ltd (Registered number: 13419299)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025


5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 June 2024
and 31 May 2025 33,326
DEPRECIATION
At 1 June 2024 8,852
Charge for year 6,119
At 31 May 2025 14,971
NET BOOK VALUE
At 31 May 2025 18,355
At 31 May 2024 24,474

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade debtors 26,953 5,582
Other debtors 1,281 1,929
28,234 7,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Hire purchase contracts (see note 9) 3,963 3,963
Taxation and social security 28,734 21,716
Other creditors 3,129 2,020
35,826 27,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.25 31.5.24
£    £   
Hire purchase contracts (see note 9) 18,107 22,070

Leonna Salmon Financial Planning Ltd (Registered number: 13419299)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.5.25 31.5.24
£    £   
Net obligations repayable:
Within one year 3,963 3,963
Between one and five years 18,107 22,070
22,070 26,033

10. PROVISIONS FOR LIABILITIES
31.5.25 31.5.24
£    £   
Deferred tax 4,299 5,531

Deferred
tax
£   
Balance at 1 June 2024 5,531
Accelerated capital allowances (1,232 )
Balance at 31 May 2025 4,299

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.25 31.5.24
value: £    £   
100 Ordinary £1 100 100