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REGISTERED NUMBER: SC475616 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Kenneth Keegan Funeral Services Ltd

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

Kenneth Keegan Funeral Services Ltd

Company Information
for the Year Ended 30 April 2022







DIRECTORS: G A Andrews
K Keegan





REGISTERED OFFICE: St James Business Centre
Linwood Road
Paisley
PA3 3AT





REGISTERED NUMBER: SC475616 (Scotland)





ACCOUNTANTS: GMH Chartered Accountants
St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 3AT

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,217 184,006

CURRENT ASSETS
Stocks 26,000 25,137
Debtors 5 268,110 275,276
Cash at bank and in hand 214,368 271,467
508,478 571,880
CREDITORS
Amounts falling due within one year 6 81,285 104,586
NET CURRENT ASSETS 427,193 467,294
TOTAL ASSETS LESS CURRENT LIABILITIES 645,410 651,300

CREDITORS
Amounts falling due after more than one
year

7

(49,184

)

(66,889

)

PROVISIONS FOR LIABILITIES 9 (37,180 ) (33,742 )
NET ASSETS 559,046 550,669

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 558,944 550,567
559,046 550,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Balance Sheet - continued
30 April 2022


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 11 August 2022 and were signed on its behalf by:





K Keegan - Director


Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Kenneth Keegan Funeral Services Ltd is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

Turnover
Turnover is measured as the value of the consideration received or receivable excluding all taxes in relation to funeral packages provided and vehicle hire services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on cost and 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Government grants
Grants received in the year follow the accrual model and are disclosed separately under other income.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit and loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were sold at the balance sheet date.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021 319,310
Additions 90,098
Disposals (37,285 )
At 30 April 2022 372,123
DEPRECIATION
At 1 May 2021 135,304
Charge for year 48,077
Eliminated on disposal (29,475 )
At 30 April 2022 153,906
NET BOOK VALUE
At 30 April 2022 218,217
At 30 April 2021 184,006

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2021
and 30 April 2022 181,864
DEPRECIATION
At 1 May 2021 77,111
Charge for year 20,950
At 30 April 2022 98,061
NET BOOK VALUE
At 30 April 2022 83,803
At 30 April 2021 104,753

5. DEBTORS
30.4.22 30.4.21
£    £   
Amounts falling due within one year:
Trade debtors 76,851 85,214
Other debtors 17,517 16,320
94,368 101,534

Amounts falling due after more than one year:
Other debtors 173,742 173,742

Aggregate amounts 268,110 275,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Hire purchase contracts (see note 8) 17,705 16,581
Trade creditors 30,406 43,739
Taxation and social security 18,829 34,226
Other creditors 14,345 10,040
81,285 104,586

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.22 30.4.21
£    £   
Hire purchase contracts (see note 8) 49,184 66,889

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.22 30.4.21
£    £   
Net obligations repayable:
Within one year 17,705 16,581
Between one and five years 49,184 66,889
66,889 83,470

Non-cancellable operating leases
30.4.22 30.4.21
£    £   
Within one year 24,000 24,000
Between one and five years 12,000 36,000
36,000 60,000

Lease commitments relates to property lease entered into for a ten year period with break options at three, five and eight years. Disclosure of financial commitment within accounts includes up to the three year break option.

9. PROVISIONS FOR LIABILITIES
30.4.22 30.4.21
£    £   
Deferred tax
Accelerated capital allowances 37,180 33,742

Deferred
tax
£   
Balance at 1 May 2021 33,742
Provided during year 3,438
Balance at 30 April 2022 37,180

Kenneth Keegan Funeral Services Ltd (Registered number: SC475616)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, the amount due from Ross Carriage Masters Limited, a company under common control of the directors, was £173,742 [2021: - £173,742]. This balance is included within debtors due after one year.

In the year, the company operated a Director Loan accounts for both directors. As at the year end, the company owed the directors £3 [2021 - £3].

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kenneth Keegan Funeral Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kenneth Keegan Funeral Services Ltd for the year ended 30 April 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Kenneth Keegan Funeral Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kenneth Keegan Funeral Services Ltd and state those matters that we have agreed to state to the Board of Directors of Kenneth Keegan Funeral Services Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kenneth Keegan Funeral Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kenneth Keegan Funeral Services Ltd. You consider that Kenneth Keegan Funeral Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kenneth Keegan Funeral Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GMH Chartered Accountants
St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 3AT


17 August 2022