Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 20 December 2024 20 December 2024 09746771 Mr Anthony Fenton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09746771 2023-12-31 09746771 2024-12-20 09746771 2024-01-01 2024-12-20 09746771 frs-core:CurrentFinancialInstruments 2024-12-20 09746771 frs-core:FurnitureFittings 2024-12-20 09746771 frs-core:FurnitureFittings 2024-01-01 2024-12-20 09746771 frs-core:FurnitureFittings 2023-12-31 09746771 frs-core:NetGoodwill 2024-12-20 09746771 frs-core:NetGoodwill 2024-01-01 2024-12-20 09746771 frs-core:NetGoodwill 2023-12-31 09746771 frs-core:SharePremium 2024-12-20 09746771 frs-core:ShareCapital 2024-12-20 09746771 frs-core:RetainedEarningsAccumulatedLosses 2024-12-20 09746771 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-20 09746771 frs-bus:FilletedAccounts 2024-01-01 2024-12-20 09746771 frs-bus:SmallEntities 2024-01-01 2024-12-20 09746771 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-20 09746771 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-20 09746771 frs-bus:Director1 2024-01-01 2024-12-20 09746771 frs-countries:EnglandWales 2024-01-01 2024-12-20 09746771 2022-12-31 09746771 2023-12-31 09746771 2023-01-01 2023-12-31 09746771 frs-core:CurrentFinancialInstruments 2023-12-31 09746771 frs-core:SharePremium 2023-12-31 09746771 frs-core:ShareCapital 2023-12-31 09746771 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09746771
Tony Fenton & Sons Wealth Management Limited
Unaudited Financial Statements
For the Period 1 January 2024 to 20 December 2024
Turnerwarran
Glanford House
Bridge Street
Brigg
North Lincolnshire
DN20 8NF
Tony Fenton & Sons Wealth Management Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Tony Fenton & Sons Wealth Management Limited
Balance Sheet
As At 20 December 2024
Balance Sheet
Registered number: 09746771

| 20 December 2024 | 31 December 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 4,326 |  | 8,400
Tangible Assets | 5 |  | 9,778 |  | 12,908
|  |  | 14,104 |  | 21,308
CURRENT ASSETS
Debtors | 6 | 33,234 |  | 15,305 |
Cash at bank and in hand |  | 326,487 |  | 207,025 |
|  | 359,721 |  | 222,330 |
Creditors: Amounts Falling Due Within One Year | 7 | (158,146 ) |  | (145,942 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 201,575 |  | 76,388
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 215,679 |  | 97,696
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (2,445 ) |  | (3,227 )
NET ASSETS |  |  | 213,234 |  | 94,469
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Share premium account |  |  | 31,900 |  | 31,900
Profit and Loss Account |  |  | 181,234 |  | 62,469
SHAREHOLDERS' FUNDS |  |  | 213,234 |  | 94,469

Page 1
Page 2
Tony Fenton & Sons Wealth Management Limited
Balance Sheet (continued)
As At 20 December 2024
For the period ending 20 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Anthony Fenton Director
24/01/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Tony Fenton & Sons Wealth Management Limited
Notes to the Financial Statements
For the Period 1 January 2024 to 20 December 2024
Notes to the Financial Statements
1. General Information
Tony Fenton & Sons Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09746771 . The registered office is 29 Market Place , Caistor , Lincolnshire , LN7 6QE.
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.
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 profit and loss account over its estimated economic life of 10 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

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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 6 (2023: 6)
6 6
Page 3
Page 4
Tony Fenton & Sons Wealth Management Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2024 to 20 December 2024
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 January 2024 | 42,000
As at 20 December 2024 | 42,000
Amortisation
As at 1 January 2024 | 33,600
Provided during the period | 4,074
As at 20 December 2024 | 37,674
Net Book Value
As at 20 December 2024 | 4,326
As at 1 January 2024 | 8,400

5. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 January 2024 | 25,323
As at 20 December 2024 | 25,323
Depreciation
As at 1 January 2024 | 12,415
Provided during the period | 3,130
As at 20 December 2024 | 15,545
Net Book Value
As at 20 December 2024 | 9,778
As at 1 January 2024 | 12,908

6. Debtors

| 20 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 32,050 |  | 13,406
Prepayments and accrued income | 1,092 |  | 1,807
Other debtors | 92 |  | 92
| 33,234 |  | 15,305

Page 4
Page 5
Tony Fenton & Sons Wealth Management Limited
Notes to the Financial Statements (continued)
For the Period 1 January 2024 to 20 December 2024
7. Creditors: Amounts Falling Due Within One Year

| 20 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 1,318
Corporation tax | 154,843 |  | 138,114
Shareholder account | - |  | 801
Accruals and deferred income | 3,303 |  | 3,313
Director's loan account | - |  | 2,396
| 158,146 |  | 145,942

8. Share Capital

| 20 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 5