Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05643785 Mr David O'Connor Mrs Susan O'Connor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05643785 2024-03-31 05643785 2025-03-31 05643785 2024-04-01 2025-03-31 05643785 frs-core:CurrentFinancialInstruments 2025-03-31 05643785 frs-core:Non-currentFinancialInstruments 2025-03-31 05643785 frs-core:ComputerEquipment 2025-03-31 05643785 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05643785 frs-core:ComputerEquipment 2024-03-31 05643785 frs-core:FurnitureFittings 2025-03-31 05643785 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05643785 frs-core:FurnitureFittings 2024-03-31 05643785 frs-core:NetGoodwill 2025-03-31 05643785 frs-core:NetGoodwill 2024-04-01 2025-03-31 05643785 frs-core:NetGoodwill 2024-03-31 05643785 frs-core:ShareCapital 2025-03-31 05643785 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05643785 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05643785 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05643785 frs-bus:SmallEntities 2024-04-01 2025-03-31 05643785 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05643785 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05643785 frs-bus:Director1 2024-04-01 2025-03-31 05643785 frs-bus:Director2 2024-04-01 2025-03-31 05643785 frs-countries:EnglandWales 2024-04-01 2025-03-31 05643785 2023-03-31 05643785 2024-03-31 05643785 2023-04-01 2024-03-31 05643785 frs-core:CurrentFinancialInstruments 2024-03-31 05643785 frs-core:Non-currentFinancialInstruments 2024-03-31 05643785 frs-core:ShareCapital 2024-03-31 05643785 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05643785
O'Connor Wealth Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Ana Perry Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05643785
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,000 100,000
Tangible Assets 5 48,546 64,729
148,546 164,729
CURRENT ASSETS
Debtors 6 186,093 185,843
Cash at bank and in hand 95,944 128,603
282,037 314,446
Creditors: Amounts Falling Due Within One Year 7 (92,413 ) (116,359 )
NET CURRENT ASSETS (LIABILITIES) 189,624 198,087
TOTAL ASSETS LESS CURRENT LIABILITIES 338,170 362,816
Creditors: Amounts Falling Due After More Than One Year 8 (9,530 ) (19,979 )
NET ASSETS 328,640 342,837
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 328,540 342,737
SHAREHOLDERS' FUNDS 328,640 342,837
Page 1
Page 2
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 David O'Connor
Director
08/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
O'Connor Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05643785 . The registered office is Unit 9 Brook Park, Gaddesby Lane, Rearsby, LE7 4ZB.
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 Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 8)
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 400,000
As at 31 March 2025 400,000
Amortisation
As at 1 April 2024 300,000
As at 31 March 2025 300,000
Net Book Value
As at 31 March 2025 100,000
As at 1 April 2024 100,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 295,406 1,840 297,246
As at 31 March 2025 295,406 1,840 297,246
Depreciation
As at 1 April 2024 231,114 1,403 232,517
Provided during the period 16,073 110 16,183
As at 31 March 2025 247,187 1,513 248,700
Net Book Value
As at 31 March 2025 48,219 327 48,546
As at 1 April 2024 64,292 437 64,729
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 186,093 185,843
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 1
Corporation tax 560 9,218
Other taxes and social security 17,848 -
Net wages 1,708 -
Accruals and deferred income 4,500 4,500
Directors' loan accounts 67,797 102,640
92,413 116,359
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 9,530 19,979
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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