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REGISTERED NUMBER: 06230309 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BRITISH INSTITUTE OF FUNERAL DIRECTORS

BRITISH INSTITUTE OF FUNERAL DIRECTORS (REGISTERED NUMBER: 06230309)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BRITISH INSTITUTE OF FUNERAL DIRECTORS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr J P Mead
Ms A J Dalby
Mr G Easton
Ms A J Pink
Mr P J Stibbards
Mr D E Capper
Miss S Cross
Mr A Floyd
Miss H E C Bell





SECRETARY: Mrs K V Mead





REGISTERED OFFICE: 10 St John Road
Wroughton
Swindon
Wiltshire
SN4 9ED





REGISTERED NUMBER: 06230309 (England and Wales)





ACCOUNTANTS: Haines Watts Cirencester Limited
Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU

BRITISH INSTITUTE OF FUNERAL DIRECTORS (REGISTERED NUMBER: 06230309)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31/3/23 31/3/22
Notes £    £   
CURRENT ASSETS
Stocks 1,600 100
Debtors 4 7,610 6,766
Cash at bank 107,428 77,984
116,638 84,850
CREDITORS
Amounts falling due within one year 5 19,575 18,508
NET CURRENT ASSETS 97,063 66,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,063

66,342

RESERVES
Income and expenditure account 97,063 66,342
97,063 66,342

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 21 October 2023 and were signed on its behalf by:





Mr J P Mead - Director


BRITISH INSTITUTE OF FUNERAL DIRECTORS (REGISTERED NUMBER: 06230309)

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

1. STATUTORY INFORMATION

British Institute of Funeral Directors is a private company, limited by guarantee , 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
The turnover shown in the Statement of Income represents membership subscriptions and other income receivable from members. Amounts received in advance are treated as deferred income.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Taxation
Corporation Tax is provided on non-trading income, as the annual surplus is not liable to Corporation Tax under the Mutual Trading regulations.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 7,610 6,766

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Taxation and social security - 3
Other creditors 19,575 18,505
19,575 18,508

BRITISH INSTITUTE OF FUNERAL DIRECTORS (REGISTERED NUMBER: 06230309)

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

6. MEMBERS' LIABILITY

The company is a private company limited by guarantee and consequently does not have share capital.

Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up while he or she is a member or within one year afterwards for payment of the debts and liabilities of the company contracted before he or she ceases to be a member and the costs, charges and expenses of winding up and for the adjustment of the rights of the contributions amount themselves such amount as may be required not exceeding £1.