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REGISTERED NUMBER: 08073411 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

GT EMBALMING SERVICE LIMITED

GT EMBALMING SERVICE LIMITED (REGISTERED NUMBER: 08073411)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GT EMBALMING SERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: G G Taylor
M B C Taylor





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 08073411 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

GT EMBALMING SERVICE LIMITED (REGISTERED NUMBER: 08073411)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 988 1,318
988 1,318

CURRENT ASSETS
Debtors 6 202,038 203,636
Cash at bank 96,203 36,352
298,241 239,988
CREDITORS
Amounts falling due within one year 7 113,819 112,784
NET CURRENT ASSETS 184,422 127,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,410

128,522

PROVISIONS FOR LIABILITIES 8 217 330
NET ASSETS 185,193 128,192

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 184,193 127,192
SHAREHOLDERS' FUNDS 185,193 128,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:



G G Taylor - Director


GT EMBALMING SERVICE LIMITED (REGISTERED NUMBER: 08073411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

GT Embalming Service Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated rebates and other similar allowances excluding value added tax.

Revenue from services is recognised once the service has been performed.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Goodwill
Goodwill, being the amount included in connection with the incorporation of G T Embalming Service in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

GT EMBALMING SERVICE LIMITED (REGISTERED NUMBER: 08073411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 75,000
AMORTISATION
At 1 June 2022
and 31 May 2023 75,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 1,591 2,111 3,702
DEPRECIATION
At 1 June 2022 1,391 993 2,384
Charge for year 50 280 330
At 31 May 2023 1,441 1,273 2,714
NET BOOK VALUE
At 31 May 2023 150 838 988
At 31 May 2022 200 1,118 1,318

GT EMBALMING SERVICE LIMITED (REGISTERED NUMBER: 08073411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 163,874 168,572
Other debtors 38,164 35,064
202,038 203,636

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 83,146 94,717
Taxation and social security 28,423 15,137
Other creditors 2,250 2,930
113,819 112,784

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 217 330

Deferred
tax
£   
Balance at 1 June 2022 330
Credit to Income Statement during year (113 )
Balance at 31 May 2023 217

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
450 "A" Ordinary £1 450 450
50 "B" Ordinary £1 50 50
500 "C" Ordinary £1 500 500
1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
G G Taylor and M B C Taylor
Balance outstanding at start of year 33,803 -
Amounts advanced 59,000 33,803
Amounts repaid (56,312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,491 33,803