REGISTERED NUMBER:
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CHRIS LEACH AND ASSOCIATES LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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REGISTERED NUMBER:
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CHRIS LEACH AND ASSOCIATES LIMITED |
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AUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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CHRIS LEACH AND ASSOCIATES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Tudor House |
16 Cathedral Road |
Cardiff |
CF11 9LJ |
CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622) |
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STATEMENT OF FINANCIAL POSITION |
30TH SEPTEMBER 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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1. | STATUTORY INFORMATION |
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Chris Leach and Associates Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
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Tangible fixed assets |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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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. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st October 2020 |
and 30th September 2021 |
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AMORTISATION |
At 1st October 2020 |
and 30th September 2021 |
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NET BOOK VALUE |
At 30th September 2021 |
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At 30th September 2020 |
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CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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5. | TANGIBLE FIXED ASSETS |
Short | Computer |
leasehold | equipment | Totals |
£ | £ | £ |
COST |
At 1st October 2020 |
and 30th September 2021 |
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DEPRECIATION |
At 1st October 2020 |
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Charge for year |
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At 30th September 2021 |
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NET BOOK VALUE |
At 30th September 2021 |
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At 30th September 2020 |
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6. | FIXED ASSET INVESTMENTS |
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The following company was a subsidiary of the company as at the year end: |
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CLA Trust&Legacy Planning Limited - Company Number 08594769 |
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The company is registered in England and Wales and operates in Wales. Chris Leach and Associates Limited own 100% of the ordinary £1 shares. |
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The principal activity of the subsidiary was the provision of trust and legacy advice. |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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CHRIS LEACH AND ASSOCIATES LIMITED (REGISTERED NUMBER: 01752622) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2021 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1st October 2020 |
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Profit for the year |
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Dividends | ( |
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At 30th September 2021 |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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