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REGISTERED NUMBER: 08603199 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: Mr I Wilde
Mrs W Wilde





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
PR1 6AS





REGISTERED NUMBER: 08603199 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 203,205 242,875

CURRENT ASSETS
Debtors 6 144,923 146,127
Cash at bank and in hand 84,400 99,725
229,323 245,852
CREDITORS
Amounts falling due within one year 7 (80,927 ) (126,699 )
NET CURRENT ASSETS 148,396 119,153
TOTAL ASSETS LESS CURRENT LIABILITIES 351,601 362,028

CREDITORS
Amounts falling due after more than
one year

8

(44,097

)

(49,736

)

PROVISIONS FOR LIABILITIES 9 (4,945 ) (10,005 )
NET ASSETS 302,559 302,287

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 302,359 302,087
SHAREHOLDERS' FUNDS 302,559 302,287

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

BALANCE SHEET - continued
30TH SEPTEMBER 2023


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

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

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 2nd February 2024 and were signed on its behalf by:




Mr I Wilde - Director



Mrs W Wilde - Director


IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Ian Wilde Independent 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.

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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on reducing balance

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.


IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st October 2022 77,006 27,801 42,018
Additions - - 2,524
At 30th September 2023 77,006 27,801 44,542
DEPRECIATION
At 1st October 2022 - 24,675 25,703
Charge for year - 783 2,672
At 30th September 2023 - 25,458 28,375
NET BOOK VALUE
At 30th September 2023 77,006 2,343 16,167
At 30th September 2022 77,006 3,126 16,315

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2022 438,330 14,096 599,251
Additions - 9,968 12,492
At 30th September 2023 438,330 24,064 611,743
DEPRECIATION
At 1st October 2022 296,819 9,179 356,376
Charge for year 46,699 2,008 52,162
At 30th September 2023 343,518 11,187 408,538
NET BOOK VALUE
At 30th September 2023 94,812 12,877 203,205
At 30th September 2022 141,511 4,917 242,875

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2022 389,130
Transfer to ownership (303,805 )
At 30th September 2023 85,325
DEPRECIATION
At 1st October 2022 254,759
Charge for year 22,737
Transfer to ownership (238,334 )
At 30th September 2023 39,162
NET BOOK VALUE
At 30th September 2023 46,163
At 30th September 2022 134,371

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 20,071 35,499
Other debtors 124,852 110,628
144,923 146,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 6,152 49,784
Trade creditors 12,304 17,987
Taxation and social security 57,069 51,536
Other creditors 5,402 7,392
80,927 126,699

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 44,097 49,736

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 4,945 10,005

Deferred
tax
£   
Balance at 1st October 2022 10,005
Provided during year (5,060 )
Balance at 30th September 2023 4,945

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary A £100 100 100
100 Ordinary B £100 100 100
200 200

11. RESERVES
Retained
earnings
£   

At 1st October 2022 302,087
Profit for the year 172,862
Dividends (172,590 )
At 30th September 2023 302,359

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, amounts advanced to directors totalled £228,456 with credits totalling £221,696. The maximum amount owed during the year was £77,416. The amount owed at the balance sheet date was £10,835. Interest has been charged on overdrawn balances at the official rate. Amounts are unsecured and repayable on demand.