Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 10376509 Mr Barry Kevin Brennan Mr Barry Brennan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10376509 2025-03-31 10376509 2026-03-31 10376509 2025-04-01 2026-03-31 10376509 frs-core:CurrentFinancialInstruments 2026-03-31 10376509 frs-core:NetGoodwill 2026-03-31 10376509 frs-core:NetGoodwill 2025-04-01 2026-03-31 10376509 frs-core:NetGoodwill 2025-03-31 10376509 frs-core:ShareCapital 2026-03-31 10376509 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 10376509 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 10376509 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 10376509 frs-bus:SmallEntities 2025-04-01 2026-03-31 10376509 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 10376509 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 10376509 frs-bus:Director1 2025-04-01 2026-03-31 10376509 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 10376509 frs-countries:EnglandWales 2025-04-01 2026-03-31 10376509 2024-03-31 10376509 2025-03-31 10376509 2024-04-01 2025-03-31 10376509 frs-core:CurrentFinancialInstruments 2025-03-31 10376509 frs-core:ShareCapital 2025-03-31 10376509 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 10376509
Direct Wealth Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Adrem Accounting ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10376509
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 98,750 110,750
98,750 110,750
CURRENT ASSETS
Debtors 5 3,528 5,166
Cash at bank and in hand 30,948 46,310
34,476 51,476
Creditors: Amounts Falling Due Within One Year 6 (954 ) (995 )
NET CURRENT ASSETS (LIABILITIES) 33,522 50,481
TOTAL ASSETS LESS CURRENT LIABILITIES 132,272 161,231
NET ASSETS 132,272 161,231
CAPITAL AND RESERVES
Called up share capital 7 998,090 995,090
Profit and Loss Account (865,818 ) (833,859 )
SHAREHOLDERS' FUNDS 132,272 161,231
Page 1
Page 2
For the year ending 31 March 2026 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 Barry Kevin Brennan
Director
30/06/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Direct Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10376509 . The registered office is Riverside, Mountbatten Way, Congleton, CW12 1DY.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 10)
4 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 145,720
As at 31 March 2026 145,720
Amortisation
As at 1 April 2025 34,970
Provided during the period 12,000
As at 31 March 2026 46,970
Net Book Value
As at 31 March 2026 98,750
As at 1 April 2025 110,750
Page 3
Page 4
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 3,528 5,166
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Accruals and deferred income 954 995
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 998,090 995,090
Page 4