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REGISTERED NUMBER: 04864215 (England and Wales)












PARKER'S FUNERAL DIRECTORS
OF LINCOLNSHIRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






PARKER'S FUNERAL DIRECTORS
OF LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 04864215)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PARKER'S FUNERAL DIRECTORS
OF LINCOLNSHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs S E Parker
Mrs V Parker-Hill





REGISTERED OFFICE: 16 St John Street
Wainfleet
Lincolnshire
PE24 4DJ





REGISTERED NUMBER: 04864215 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

PARKER'S FUNERAL DIRECTORS
OF LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 04864215)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 218,993 226,922

CURRENT ASSETS
Stocks 8,600 8,500
Debtors 275,625 174,617
Cash at bank and in hand 187,729 306,126
471,954 489,243
CREDITORS
Amounts falling due within one year 69,705 113,774
NET CURRENT ASSETS 402,249 375,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,242

602,391

CREDITORS
Amounts falling due after more than one
year

-

(23,267

)

PROVISIONS FOR LIABILITIES (2,495 ) (2,472 )
NET ASSETS 618,747 576,652

CAPITAL AND RESERVES
Called up share capital 300 100
Retained earnings 618,447 576,552
SHAREHOLDERS' FUNDS 618,747 576,652

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.

PARKER'S FUNERAL DIRECTORS
OF LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 04864215)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





Mrs S E Parker - Director


PARKER'S FUNERAL DIRECTORS
OF LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 04864215)

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


1. 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.

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

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 - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 Income Statement, 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

PARKER'S FUNERAL DIRECTORS
OF LINCOLNSHIRE LIMITED (REGISTERED NUMBER: 04864215)

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


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 361,142
Additions 24,741
Disposals (23,794 )
At 28 February 2023 362,089
DEPRECIATION
At 1 March 2022 134,220
Charge for year 29,495
Eliminated on disposal (20,619 )
At 28 February 2023 143,096
NET BOOK VALUE
At 28 February 2023 218,993
At 28 February 2022 226,922

4. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 23,267 46,534