Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Funeral servicestrue2022-04-01false89falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06820756 2022-04-01 2023-03-31 06820756 2021-04-01 2022-03-31 06820756 2023-03-31 06820756 2022-03-31 06820756 2021-04-01 06820756 c:Director1 2022-04-01 2023-03-31 06820756 d:PlantMachinery 2022-04-01 2023-03-31 06820756 d:PlantMachinery 2023-03-31 06820756 d:PlantMachinery 2022-03-31 06820756 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06820756 d:MotorVehicles 2022-04-01 2023-03-31 06820756 d:MotorVehicles 2023-03-31 06820756 d:MotorVehicles 2022-03-31 06820756 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06820756 d:FurnitureFittings 2022-04-01 2023-03-31 06820756 d:FurnitureFittings 2023-03-31 06820756 d:FurnitureFittings 2022-03-31 06820756 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06820756 d:OfficeEquipment 2022-04-01 2023-03-31 06820756 d:OfficeEquipment 2023-03-31 06820756 d:OfficeEquipment 2022-03-31 06820756 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06820756 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06820756 d:Goodwill 2022-04-01 2023-03-31 06820756 d:Goodwill 2023-03-31 06820756 d:Goodwill 2022-03-31 06820756 d:CurrentFinancialInstruments 2023-03-31 06820756 d:CurrentFinancialInstruments 2022-03-31 06820756 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06820756 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06820756 d:ShareCapital 2023-03-31 06820756 d:ShareCapital 2022-03-31 06820756 d:RetainedEarningsAccumulatedLosses 2023-03-31 06820756 d:RetainedEarningsAccumulatedLosses 2022-03-31 06820756 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06820756 c:OrdinaryShareClass1 2023-03-31 06820756 c:OrdinaryShareClass1 2022-03-31 06820756 c:OrdinaryShareClass2 2022-04-01 2023-03-31 06820756 c:OrdinaryShareClass2 2023-03-31 06820756 c:OrdinaryShareClass2 2022-03-31 06820756 c:FRS102 2022-04-01 2023-03-31 06820756 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06820756 c:FullAccounts 2022-04-01 2023-03-31 06820756 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06820756 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06820756 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 06820756 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 06820756 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 06820756 2 2022-04-01 2023-03-31 06820756 7 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06820756









BOURNES FUNERAL SERVICE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BOURNES FUNERAL SERVICE LIMITED
REGISTERED NUMBER: 06820756

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
118,398
155,538

  
118,398
155,538

Current assets
  

Stocks
 6 
7,887
8,125

Debtors: amounts falling due within one year
 7 
37,219
42,229

Cash at bank and in hand
 8 
393,943
404,063

  
439,049
454,417

Creditors: amounts falling due within one year
 9 
(40,787)
(46,237)

Net current assets
  
 
 
398,262
 
 
408,180

Total assets less current liabilities
  
516,660
563,718

Provisions for liabilities
  

Deferred tax
 10 
(6,468)
(12,451)

Net assets
  
510,192
551,267


Capital and reserves
  

Called up share capital 
 11 
300,100
300,100

Profit and loss account
  
210,092
251,167

  
510,192
551,267


Page 1

 
BOURNES FUNERAL SERVICE LIMITED
REGISTERED NUMBER: 06820756
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 comprehensive income 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 




R A Cusworth
Director

Date: 16 November 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company, incorporated in England and Wales, has its registered office at Chalres Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA.
The company's principal activity continues to be the provision of funeral services.

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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Operating leases: the company as lessee

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

Page 3

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.5

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 the Statement of comprehensive income 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.

 
2.6

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.

 
2.7

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life of 10 years

Page 4

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
10% reducing balance
Office equipment
-
25% reducing balance

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.

 
2.9

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.
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 the Statement of comprehensive income.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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 5

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 9).

Page 6

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£





At 1 April 2022
282,995


Disposals
(282,995)



At 31 March 2023

-





At 1 April 2022
282,995


On disposals
(282,995)



At 31 March 2023

-



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 7

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
9,955
365,900
6,886
2,029
384,770


Additions
-
-
-
983
983


Disposals
-
-
-
(764)
(764)



At 31 March 2023

9,955
365,900
6,886
2,248
384,989



Depreciation


At 1 April 2022
4,044
218,685
4,775
1,728
229,232


Charge for the year on owned assets
885
36,804
211
146
38,046


Disposals
-
-
-
(687)
(687)



At 31 March 2023

4,929
255,489
4,986
1,187
266,591



Net book value



At 31 March 2023
5,026
110,411
1,900
1,061
118,398



At 31 March 2022
5,911
147,215
2,111
301
155,538


6.


Stocks

2023
2022
£
£

Consumables and finished goods
7,887
8,125

7,887
8,125


Page 8

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£


Trade debtors
28,219
33,749

Other debtors
1,256
34

Prepayments and accrued income
7,744
8,446

37,219
42,229



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
393,943
404,063



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
16,876
24,390

Corporation tax
-
1,256

Other taxation and social security
3,431
2,809

Other creditors
6,729
4,173

Accruals and deferred income
13,751
13,609

40,787
46,237



10.


Deferred taxation




2023
2022


£

£






At beginning of year
12,451
18,741


(Credit)/Charge to the Statement of comprehensive income
(5,983)
(6,290)



At end of year
6,468
12,451

Page 9

 
BOURNES FUNERAL SERVICE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(10,684)
(12,451)

Tax losses carried forward
4,216
-

(6,468)
(12,451)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



300,000 (2022 - 300,000) Preference shares shares of £1 each
300,000
300,000
100 (2022 - 100) Ordinary shares shares of £1 each
100
100

300,100

300,100

The preference shares carry no voting rights and have priority up to their nominal value on a return of assets on liquidation.



12.


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 £1,679 (2022 - £557). Contributions totalling £531 (2022 - £200) were payable to the fund at the reporting date and are included in creditors.


13.


Related party transactions

At the year-end, a balance of £3,838 (2022- £2,798 ) was owed to the company director.
During the year, rent of £30,000 (2022- £30,000) was paid to preference share holder in respect of commercial premises utilised by the company. The transaction was at arms length.

Page 10