Company registration number 09508146 (England and Wales)
Love & Stevens Funeral Directors Ltd
Unaudited
financial statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
Love & Stevens Funeral Directors Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Love & Stevens Funeral Directors Ltd
Statement of financial position
as at 31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
80,809
82,801
Current assets
Debtors
23,832
8,093
Cash at bank and in hand
13,098
16,871
36,930
24,964
Creditors: amounts falling due within one year
(48,212)
(41,707)
Net current liabilities
(11,282)
(16,743)
Total assets less current liabilities
69,527
66,058
Creditors: amounts falling due after more than one year
(39,259)
(51,237)
Net assets
30,268
14,821
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
30,266
14,819
Total equity
30,268
14,821
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Love & Stevens Funeral Directors Ltd
Statement of financial position (continued)
as at 31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 October 2023 and are signed on its behalf by:
S Love
Director
Company Registration No. 09508146
Love & Stevens Funeral Directors Ltd
Notes to the Financial Statements
for the year ended 31 March 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
None
Plant and equipment
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
Love & Stevens Funeral Directors Ltd
Notes to the Financial Statements (continued)
for the year ended 31 March 2023
- 4 -
3
Tangible fixed assets
Total
£
Cost
At 1 April 2022 and 31 March 2023
88,509
Depreciation and impairment
At 1 April 2022
5,708
Depreciation charged in the year
1,992
At 31 March 2023
7,700
Carrying amount
At 31 March 2023
80,809
At 31 March 2022
82,801
4
Company information
Love & Stevens Funeral Directors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20 Cross Hills, Kippax, West Yorkshire, United Kingdom, LS25 7JP.