REGISTERED NUMBER: 01752622 (England and Wales)

CHRIS LEACH AND ASSOCIATES LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,035

11,911

Investments

6

183,000

183,000

192,035

194,911

CURRENT ASSETS

Debtors

7

352,770

339,784

Investments

8

932,245

831,654

Cash at bank and in hand

849,429

837,554

2,134,444

2,008,992

CREDITORS

Amounts falling due within one year

9

180,480

158,678

NET CURRENT ASSETS

1,953,964

1,850,314

TOTAL ASSETS LESS CURRENT LIABILITIES

2,145,999

2,045,225

PROVISIONS FOR LIABILITIES

70,000

80,381

NET ASSETS

2,075,999

1,964,844

CAPITAL AND RESERVES

Called up share capital

12,100

12,100

Retained earnings

2,063,899

1,952,744

SHAREHOLDERS' FUNDS

2,075,999

1,964,844

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 24 June 2026 and were signed on its behalf by:

Ms C M Leach - Director

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.

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 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

360,000

AMORTISATION

At 1 October 2024

and 30 September 2025

360,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

equipment

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

86,273

103,816

190,089

DEPRECIATION

At 1 October 2024

77,181

100,997

178,178

Charge for year

1,364

1,512

2,876

At 30 September 2025

78,545

102,509

181,054

NET BOOK VALUE

At 30 September 2025

7,728

1,307

9,035

At 30 September 2024

9,092

2,819

11,911

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.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

118,272

59,718

Amounts owed by group undertakings

-

2,152

Other debtors

234,498

277,914

352,770

339,784

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

932,245

831,654

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,159

14,068

Amounts owed to group undertakings

286

-

Taxation and social security

151,614

127,020

Other creditors

22,421

17,590

180,480

158,678

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