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REGISTERED NUMBER: 07564077 (England and Wales)


















C Terry Funeral Services Limited

Unaudited Financial Statements

for the Year Ended 30th April 2023






C Terry Funeral Services Limited (Registered number: 07564077)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C Terry Funeral Services Limited

Company Information
for the Year Ended 30th April 2023







DIRECTORS: M J Terry
K T Terry





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB





BUSINESS ADDRESS: 244 Bulwell High Road
Bulwell
Nottingham
NG6 8NU





REGISTERED NUMBER: 07564077 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

C Terry Funeral Services Limited (Registered number: 07564077)

Balance Sheet
30th April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 308,728 290,897
308,728 290,897

CURRENT ASSETS
Debtors 7 61,579 18,209
Cash at bank 501,975 487,320
563,554 505,529
CREDITORS
Amounts falling due within one year 8 (102,968 ) (72,439 )
NET CURRENT ASSETS 460,586 433,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

769,314

723,987

CREDITORS
Amounts falling due after more than one
year

9

(70,874

)

(18,941

)

PROVISIONS FOR LIABILITIES (35,780 ) (46,087 )
NET ASSETS 662,660 658,959

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 662,560 658,859
SHAREHOLDERS' FUNDS 662,660 658,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

C Terry Funeral Services Limited (Registered number: 07564077)

Balance Sheet - continued
30th April 2023


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 31st October 2023 and were signed on its behalf by:




M J Terry - Director



K T Terry - Director


C Terry Funeral Services Limited (Registered number: 07564077)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

C Terry Funeral Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

C Terry Funeral Services Limited (Registered number: 07564077)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 300,000
AMORTISATION
At 1st May 2022
and 30th April 2023 300,000
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st May 2022 401,583 79,689 91,771 573,043
Additions - 8,522 105,618 114,140
Disposals - (1,703 ) (72,802 ) (74,505 )
At 30th April 2023 401,583 86,508 124,587 612,678
DEPRECIATION
At 1st May 2022 197,621 43,847 40,678 282,146
Charge for year 30,594 10,989 18,088 59,671
Eliminated on disposal - (1,296 ) (36,571 ) (37,867 )
At 30th April 2023 228,215 53,540 22,195 303,950
NET BOOK VALUE
At 30th April 2023 173,368 32,968 102,392 308,728
At 30th April 2022 203,962 35,842 51,093 290,897

The net book value of assets held under hire purchase is £89,775 (2022: £36,231).

C Terry Funeral Services Limited (Registered number: 07564077)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,494 9,216
Other debtors 34,085 8,993
61,579 18,209

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,459 20,251
Trade creditors 8,128 2,733
Taxation and social security 43,327 8,720
Other creditors 43,054 40,735
102,968 72,439

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 70,874 18,941

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 79,333 39,192

Hire purchase liabilities are secured over the fixed asset to which they relate

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100