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REGISTERED NUMBER: 08405631 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BIRDS FAMILY FUNERAL DIRECTORS LIMITED

BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIRDS FAMILY FUNERAL DIRECTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: D C Carpenter
Mrs C R Carpenter





REGISTERED OFFICE: 16 Fisher Street
Maidstone
Kent
ME14 2SW





REGISTERED NUMBER: 08405631 (England and Wales)





ACCOUNTANTS: Skingle Helps & Co
28 Southway
Carshalton Beeches
Surrey
SM5 4HW

BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 364,463 359,987
Investment property 6 125,000 125,000
489,463 484,987

CURRENT ASSETS
Stocks 4,200 4,200
Debtors 7 160,383 208,477
Cash at bank 66,015 111,760
230,598 324,437
CREDITORS
Amounts falling due within one year 8 135,942 165,845
NET CURRENT ASSETS 94,656 158,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

584,119

643,579

CREDITORS
Amounts falling due after more than one
year

9

(289,067

)

(332,022

)

PROVISIONS FOR LIABILITIES 11 (8,000 ) (13,000 )
NET ASSETS 287,052 298,557

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 286,952 298,457
SHAREHOLDERS' FUNDS 287,052 298,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

BALANCE SHEET - continued
28 FEBRUARY 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 29 November 2023 and were signed on its behalf by:





D C Carpenter - Director


BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Birds Family Funeral Directors 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of funerals and associated services provided during the year, excluding value added tax.

Turnover is recognised when the services are delivered to the customer. Un-invoiced services at the year end are included in accrued income. Invoiced services which remain unpaid at the year end are included in debtors. Where customers pay in advance for services, the amount is recorded as deferred income until the service has been delivered.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2.5% on cost of buildings
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

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.

Creditors
Short-term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 25,000
AMORTISATION
At 1 March 2022
and 28 February 2023 25,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 266,253 253,708 519,961
Additions - 66,700 66,700
Disposals - (53,000 ) (53,000 )
At 28 February 2023 266,253 267,408 533,661
DEPRECIATION
At 1 March 2022 15,473 144,501 159,974
Charge for year 4,637 31,879 36,516
Eliminated on disposal - (27,292 ) (27,292 )
At 28 February 2023 20,110 149,088 169,198
NET BOOK VALUE
At 28 February 2023 246,143 118,320 364,463
At 28 February 2022 250,780 109,207 359,987

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 137,194
Additions 65,610
Disposals (53,000 )
At 28 February 2023 149,804
DEPRECIATION
At 1 March 2022 61,009
Charge for year 25,229
Eliminated on disposal (27,292 )
At 28 February 2023 58,946
NET BOOK VALUE
At 28 February 2023 90,858
At 28 February 2022 76,185

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 125,000
NET BOOK VALUE
At 28 February 2023 125,000
At 28 February 2022 125,000

BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2020 4,840
Cost 120,160
125,000

The director, Mr D C Carpenter, has assessed the open market value of the company's investment properties to be £125,000. If the properties were to be sold at this value a tax liability of approximately £1,000 (2022: £1,000) would arise. Mr Carpenter does not consider the cost of a professional valuation to be justified.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,747 30,432
Other debtors 152,636 178,045
160,383 208,477

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,963 49,182
Hire purchase contracts 11,693 16,716
Trade creditors 10,155 9,593
Taxation and social security 31,749 40,246
Other creditors 30,382 50,108
135,942 165,845

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 246,572 295,015
Hire purchase contracts 42,495 37,007
289,067 332,022

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 298,535 344,197
Hire purchase contracts 54,188 53,723
352,723 397,920

The company's loan from NatWest Bank is secured on the freehold property at 16 Fisher Street (also known as 2 Penenden Street), Maidstone, Kent, ME14 2SW.

The company's loan from Allica Bank Limited is secured on the freehold property at 16 Fisher Street (also known as 2 Penenden Street), Maidstone, Kent, ME14 2SW.

The company's hire purchase liabilities are secured on the relevant plant, equipment and motor vehicles.

BIRDS FAMILY FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 08405631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,000 13,000

Deferred
tax
£   
Balance at 1 March 2022 13,000
Provided during year (5,000 )
Balance at 28 February 2023 8,000

12. CALLED UP SHARE CAPITAL

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

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
D C Carpenter
Balance outstanding at start of year 20,225 -
Amounts advanced - 20,225
Amounts repaid (20,225 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,225

At the year end, the company owed £2,781 to D C Carpenter.

14. RELATED PARTY DISCLOSURES

C & D Properties (Maidstone) Limited is a company under common ownership. At the year end, the amount owed by C & D Properties (Maidstone) Limited was £152,045. No interest was charged on the loan during the year.

15. ULTIMATE CONTROLLING PARTY

The controlling party is D C Carpenter.