REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
BRITISH INSTITUTE OF FUNERAL DIRECTORS |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/3/22 |
£ | £ |
Taxation and social security |
Other creditors |
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. |