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REGISTERED NUMBER: 05258953 (England and Wales)















AJB FUNERALS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






AJB FUNERALS LTD (REGISTERED NUMBER: 05258953)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AJB FUNERALS LTD

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: J Bewley
Mrs K Bewley
A D Bewley





REGISTERED OFFICE: 57A Pickwick Road
Corsham
Wiltshire
SN13 9BS





REGISTERED NUMBER: 05258953 (England and Wales)





ACCOUNTANTS: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

AJB FUNERALS LTD (REGISTERED NUMBER: 05258953)

BALANCE SHEET
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 832,276 909,647

CURRENT ASSETS
Stocks 4,211 4,500
Debtors 5 144,880 89,011
Cash at bank and in hand 22,318 20,559
171,409 114,070
CREDITORS
Amounts falling due within one year 6 363,153 373,830
NET CURRENT LIABILITIES (191,744 ) (259,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,532

649,887

CREDITORS
Amounts falling due after more than one
year

7

(431,524

)

(541,952

)

PROVISIONS FOR LIABILITIES (35,068 ) (52,412 )
NET ASSETS 173,940 55,523

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 173,840 55,423
SHAREHOLDERS' FUNDS 173,940 55,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 13 October 2023 and were signed on its behalf by:




J Bewley - Director


AJB FUNERALS LTD (REGISTERED NUMBER: 05258953)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

AJB Funerals Ltd 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.

Turnover
Turnover represents net invoiced sales of services.

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.
Land and buildings - not provided
Plant and machinery etc - 33% on cost, 25% on cost, 25% on reducing balance, 20% on cost and 15% on reducing balance

Deprecation on land is deemed as insignificant due to its high residual and therefore no depreciation has been provided for.

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

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.

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.

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.

AJB FUNERALS LTD (REGISTERED NUMBER: 05258953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 544,645 492,908 1,037,553
Additions 12,158 10,590 22,748
At 28 February 2023 556,803 503,498 1,060,301
DEPRECIATION
At 1 March 2022 - 127,906 127,906
Charge for year - 100,119 100,119
At 28 February 2023 - 228,025 228,025
NET BOOK VALUE
At 28 February 2023 556,803 275,473 832,276
At 28 February 2022 544,645 365,002 909,647

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

Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 222,193
DEPRECIATION
At 1 March 2022 11,290
Charge for year 48,033
At 28 February 2023 59,323
NET BOOK VALUE
At 28 February 2023 162,870
At 28 February 2022 210,903

5. DEBTORS
28/2/23 28/2/22
£    £   
Amounts falling due within one year:
Trade debtors 84,353 41,242
Other debtors 34,389 41,631
118,742 82,873

AJB FUNERALS LTD (REGISTERED NUMBER: 05258953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

5. DEBTORS - continued
28/2/23 28/2/22
£    £   
Amounts falling due after more than one year:
Other debtors 26,138 6,138

Aggregate amounts 144,880 89,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 111,926 110,257
Hire purchase contracts 47,917 72,873
Trade creditors 96,823 100,154
Taxation and social security 46,837 35,078
Other creditors 59,650 55,468
363,153 373,830

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans 323,488 394,507
Hire purchase contracts 108,036 147,445
431,524 541,952

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28/2/23 28/2/22
£    £   
A D Bewley
Balance outstanding at start of year (19,233 ) (16,444 )
Amounts advanced 19,136 24,090
Amounts repaid (16,347 ) (26,879 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,444 ) (19,233 )

Mrs K Bewley and J Bewley
Balance outstanding at start of year 48,511 56,242
Amounts advanced 64,298 64,269
Amounts repaid (82,000 ) (72,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,809 48,511