Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseNo description of principal activity56falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03749290 2022-05-01 2023-04-30 03749290 2021-05-01 2022-04-30 03749290 2023-04-30 03749290 2022-04-30 03749290 c:Director1 2022-05-01 2023-04-30 03749290 d:Buildings 2022-05-01 2023-04-30 03749290 d:Buildings 2023-04-30 03749290 d:Buildings 2022-04-30 03749290 d:Buildings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03749290 d:PlantMachinery 2022-05-01 2023-04-30 03749290 d:PlantMachinery 2023-04-30 03749290 d:PlantMachinery 2022-04-30 03749290 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03749290 d:MotorVehicles 2022-05-01 2023-04-30 03749290 d:MotorVehicles 2023-04-30 03749290 d:MotorVehicles 2022-04-30 03749290 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03749290 d:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 03749290 d:OtherPropertyPlantEquipment 2023-04-30 03749290 d:OtherPropertyPlantEquipment 2022-04-30 03749290 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03749290 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 03749290 d:Goodwill 2023-04-30 03749290 d:Goodwill 2022-04-30 03749290 d:CurrentFinancialInstruments 2023-04-30 03749290 d:CurrentFinancialInstruments 2022-04-30 03749290 d:Non-currentFinancialInstruments 2023-04-30 03749290 d:Non-currentFinancialInstruments 2022-04-30 03749290 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03749290 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 03749290 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03749290 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 03749290 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 03749290 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 03749290 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 03749290 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 03749290 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 03749290 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-04-30 03749290 d:ShareCapital 2023-04-30 03749290 d:ShareCapital 2022-04-30 03749290 d:RetainedEarningsAccumulatedLosses 2023-04-30 03749290 d:RetainedEarningsAccumulatedLosses 2022-04-30 03749290 c:FRS102 2022-05-01 2023-04-30 03749290 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 03749290 c:FullAccounts 2022-05-01 2023-04-30 03749290 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03749290 2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 03749290










CLARKES FUNERAL SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
CLARKES FUNERAL SERVICES LIMITED
REGISTERED NUMBER: 03749290

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
254,759
268,393

  
254,759
268,393

Current assets
  

Stocks
  
8,683
8,983

Debtors: amounts falling due within one year
 7 
56,938
81,590

Cash at bank and in hand
  
289,424
185,612

  
355,045
276,185

Creditors: amounts falling due within one year
 8 
(67,059)
(41,460)

Net current assets
  
 
 
287,986
 
 
234,725

Total assets less current liabilities
  
542,745
503,118

Creditors: amounts falling due after more than one year
 9 
(48,177)
(55,265)

Provisions for liabilities
  

Deferred tax
  
(6,145)
(7,703)

  
 
 
(6,145)
 
 
(7,703)

Net assets
  
488,423
440,150


Capital and reserves
  

Called up share capital 
  
217,798
217,798

Profit and loss account
  
270,625
222,352

  
488,423
440,150


Page 1

 
CLARKES FUNERAL SERVICES LIMITED
REGISTERED NUMBER: 03749290
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers 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 director acknowledges his 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 by: 




Simon Kingsbury
Director

Date: 31 October 2023

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Clarkes Funeral Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03749290 and the registered office address is 31 High Street, Snodland, Kent, ME6 5AG.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.

Page 3

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.3

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.
 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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 profit or loss 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.

Page 4

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Page 5

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
on cost
Plant and machinery
-
10%
on cost
Motor vehicles
-
20%
on cost
Land
-
Not depreciated

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 profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources. The estimates are underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to the accounting estimates are recognised in the period win which the estimate is revised if the revisions affect only that period, or in the period of revision and future periods if the revision affects both current and future periods. 


4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 6).

Page 7

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Intangible assets




Goodwill

£



Cost


At 1 May 2022
200,000



At 30 April 2023

200,000



Amortisation


At 1 May 2022
200,000



At 30 April 2023

200,000



Net book value



At 30 April 2023
-



At 30 April 2022
-



Page 8

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Land
Total

£
£
£
£
£



Cost or valuation


At 1 May 2022
207,159
52,395
199,463
22,135
481,152


Additions
-
794
-
-
794


Disposals
-
(12,861)
-
-
(12,861)



At 30 April 2023

207,159
40,328
199,463
22,135
469,085



Depreciation


At 1 May 2022
12,429
32,030
168,300
-
212,759


Charge for the year on owned assets
4,143
2,494
7,791
-
14,428


Disposals
-
(12,861)
-
-
(12,861)



At 30 April 2023

16,572
21,663
176,091
-
214,326



Net book value



At 30 April 2023
190,587
18,665
23,372
22,135
254,759



At 30 April 2022
194,730
20,365
31,163
22,135
268,393


7.


Debtors

2023
2022
£
£


Trade debtors
43,888
35,198

Other debtors
9,118
42,938

Prepayments and accrued income
3,932
3,454

56,938
81,590


Page 9

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,804
6,520

Trade creditors
26,215
27,600

Corporation tax
23,531
-

Other taxation and social security
3,055
2,774

Other creditors
1,953
541

Accruals and deferred income
5,501
4,025

67,059
41,460



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
48,177
55,265

48,177
55,265


The following liabilities were secured:

2023
2022
£
£



Bank loan
54,981
61,785

54,981
61,785

Details of security provided:

The bank loan advanced to the company for the purpose of acquiring the freehold property in the year is secured against the property itself.

Page 10

 
CLARKES FUNERAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,804
6,520

Amounts falling due 1-2 years

Bank loans
6,802
6,520

Amounts falling due 2-5 years

Bank loans
20,411
19,560

Amounts falling due after more than 5 years

Bank loans
20,964
29,185

54,981
61,785



11.


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 £10,240 (2022 - £7,140). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date.


12.


Related party transactions

At the balance sheet date, the company owes the director £148 (2022 -  £33,820 owed to the company). 

 
Page 11