Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-28010true2021-03-01falseFuneral services9trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04632601 2021-03-01 2022-02-28 04632601 2020-03-01 2021-02-28 04632601 2022-02-28 04632601 2021-02-28 04632601 2020-03-01 04632601 c:Director3 2021-03-01 2022-02-28 04632601 d:Buildings 2021-03-01 2022-02-28 04632601 d:Buildings 2022-02-28 04632601 d:Buildings 2021-02-28 04632601 d:Buildings d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 04632601 d:Buildings d:LeasedAssetsHeldAsLessee 2021-03-01 2022-02-28 04632601 d:Buildings d:LongLeaseholdAssets 2021-03-01 2022-02-28 04632601 d:Buildings d:LongLeaseholdAssets 2022-02-28 04632601 d:Buildings d:LongLeaseholdAssets 2021-02-28 04632601 d:LandBuildings 2022-02-28 04632601 d:LandBuildings 2021-02-28 04632601 d:PlantMachinery 2021-03-01 2022-02-28 04632601 d:PlantMachinery 2022-02-28 04632601 d:PlantMachinery 2021-02-28 04632601 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 04632601 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-03-01 2022-02-28 04632601 d:MotorVehicles 2021-03-01 2022-02-28 04632601 d:MotorVehicles 2022-02-28 04632601 d:MotorVehicles 2021-02-28 04632601 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 04632601 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-03-01 2022-02-28 04632601 d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 04632601 d:LeasedAssetsHeldAsLessee 2021-03-01 2022-02-28 04632601 d:Goodwill 2022-02-28 04632601 d:Goodwill 2021-02-28 04632601 d:CurrentFinancialInstruments 2022-02-28 04632601 d:CurrentFinancialInstruments 2021-02-28 04632601 d:Non-currentFinancialInstruments 2022-02-28 04632601 d:Non-currentFinancialInstruments 2021-02-28 04632601 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 04632601 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 04632601 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 04632601 d:Non-currentFinancialInstruments d:AfterOneYear 2021-02-28 04632601 d:ShareCapital 2022-02-28 04632601 d:ShareCapital 2021-02-28 04632601 d:RetainedEarningsAccumulatedLosses 2022-02-28 04632601 d:RetainedEarningsAccumulatedLosses 2021-02-28 04632601 c:FRS102 2021-03-01 2022-02-28 04632601 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 04632601 c:FullAccounts 2021-03-01 2022-02-28 04632601 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 04632601 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 04632601 d:AcceleratedTaxDepreciationDeferredTax 2021-02-28 04632601 d:RetirementBenefitObligationsDeferredTax 2022-02-28 04632601 d:RetirementBenefitObligationsDeferredTax 2021-02-28 04632601 d:Goodwill d:OwnedIntangibleAssets 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 04632601










HAROLD LILLEKER & SONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

 
HAROLD LILLEKER & SONS LIMITED
REGISTERED NUMBER: 04632601

BALANCE SHEET
AS AT 28 FEBRUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,250
4,500

Tangible assets
 5 
290,664
191,528

  
292,914
196,028

Current assets
  

Stocks
  
5,400
3,400

Debtors: amounts falling due within one year
 6 
90,686
250,555

Cash at bank and in hand
  
124,071
143,800

  
220,157
397,755

Creditors: amounts falling due within one year
 7 
(90,940)
(128,518)

Net current assets
  
 
 
129,217
 
 
269,237

Total assets less current liabilities
  
422,131
465,265

Creditors: amounts falling due after more than one year
 8 
(67,211)
(64,673)

Provisions for liabilities
  

Deferred tax
 9 
(7,556)
(1,099)

Net assets
  
347,364
399,493


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
347,264
399,393

  
347,364
399,493


Page 1

 
HAROLD LILLEKER & SONS LIMITED
REGISTERED NUMBER: 04632601
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 August 2022.




D T Lilleker
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HAROLD LILLEKER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1.


General information

Harold Lilleker & Sons Limited is a private company limited by shares, incorporated in England and Wales (registered number: 04632601). Its registered office is 369 Hasland Road, Hasland, Chesterfield, Derbyshire, S41 0AQ. The principal activity of the Company throughout the year continued to be that of funeral directors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HAROLD LILLEKER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. 

 
2.6

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life which is twenty years.

Page 4

 
HAROLD LILLEKER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Leasehold property Improv'nts
-
Not depreciated
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in Statement of Income and Retained Earnings.

 
2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2021 - 9).

Page 5

 
HAROLD LILLEKER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

4.


Intangible assets




Goodwill

£



Cost


At 1 March 2021
45,000



At 28 February 2022

45,000



Amortisation


At 1 March 2021
40,500


Charge for the year on owned assets
2,250



At 28 February 2022

42,750



Net book value



At 28 February 2022
2,250



At 28 February 2021
4,500



Page 6

 
HAROLD LILLEKER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

5.


Tangible fixed assets





Freehold property
Leasehold Property improv'nts
Plant and machinery
Motor vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 March 2021
18,541
12,908
58,328
215,268
305,045


Additions
-
50,983
28,825
88,763
168,571


Disposals
-
-
-
(21,917)
(21,917)



At 28 February 2022

18,541
63,891
87,153
282,114
451,699



Depreciation


At 1 March 2021
-
-
17,497
96,020
113,517


Charge for the year on owned assets
-
-
9,056
30,702
39,758


Charge for the year on financed assets
-
-
-
9,586
9,586


Disposals
-
-
-
(1,826)
(1,826)



At 28 February 2022

-
-
26,553
134,482
161,035



Net book value



At 28 February 2022
18,541
63,891
60,600
147,632
290,664



At 28 February 2021
18,541
12,908
40,831
119,248
191,528




The net book value of land and buildings may be further analysed as follows:


2022
2021
£
£

Freehold
18,541
18,541

Long leasehold improvements
63,891
12,908

82,432
31,449


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows £36,427 (2021: £22,927).

Page 7

 
HAROLD LILLEKER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

6.


Debtors

2022
2021
£
£


Trade debtors
79,725
175,756

Other debtors
2,471
70,323

Prepayments
8,490
4,476

90,686
250,555



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
10,021
833

Trade creditors
1,004
19,484

Corporation tax
31,976
97,422

Other taxation and social security
27,262
4,481

Hire purchase contracts
10,192
3,205

Other creditors
4,097
1,653

Accruals
6,388
1,440

90,940
128,518



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
40,000
49,167

Hire purchase contracts
27,211
15,506

67,211
64,673


Page 8

 
HAROLD LILLEKER & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

9.


Deferred taxation




2022
2021


£

£






At beginning of year
(1,099)
(2,782)


Charged to the Statement of Income and Retained Earnings
(6,457)
1,683



At end of year
(7,556)
(1,099)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(7,576)
(1,122)

Pension surplus
20
23

(7,556)
(1,099)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £873 (2021: £599). Contributions totalling £104 (2021: £119) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 9