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REGISTERED NUMBER: 08989417












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINTON & DAUGHTER FUNERAL SERVICES
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: N Kinton
D Kinton
I Capps





REGISTERED OFFICE: 397 Tamworth Road Sawley
Long Eaton
Nottinghamshire
NG10 3JP





REGISTERED NUMBER: 08989417





ACCOUNTANTS: Magma Audit LLP
Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 45,599 99,998
Tangible assets 5 346,002 289,496
391,601 389,494

CURRENT ASSETS
Debtors 6 75,652 97,372
Cash at bank and in hand 19,377 38,646
95,029 136,018
CREDITORS
Amounts falling due within one year 7 (250,395 ) (272,676 )
NET CURRENT LIABILITIES (155,366 ) (136,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,235

252,836

CREDITORS
Amounts falling due after more than one
year

8

(85,559

)

(66,425

)

PROVISIONS FOR LIABILITIES (26,491 ) -
NET ASSETS 124,185 186,411

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 123,885 186,111
124,185 186,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

BALANCE SHEET - continued
31 March 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 14 February 2024 and were signed on its behalf by:





D Kinton - Director


KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Kinton & Daughter Funeral Services Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is 397 Tamworth Road Sawley, Long Eaton, Nottinghamshire, England, NG10 3JP and the registered number is 08989417.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover 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:

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity 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.

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.
Freehold land and buildings-2% straight line
Improvements to property-25% reducing balance
Plant and machinery-15% reducing balance
Fixtures and fittings-15% reducing balance
Motor vehicles-25% reducing balance
Computer equipment-15% reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

Current tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 271,997
AMORTISATION
At 1 April 2022 171,999
Charge for year 54,399
At 31 March 2023 226,398
NET BOOK VALUE
At 31 March 2023 45,599
At 31 March 2022 99,998

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Freehold Improvements
land & to Plant and
buildings property machinery
£    £    £   
COST
At 1 April 2022 135,000 76,342 19,017
Additions - - -
At 31 March 2023 135,000 76,342 19,017
DEPRECIATION
At 1 April 2022 8,100 35,764 9,447
Charge for year 2,700 10,144 1,435
At 31 March 2023 10,800 45,908 10,882
NET BOOK VALUE
At 31 March 2023 124,200 30,434 8,135
At 31 March 2022 126,900 40,578 9,570

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 67,643 194,180 4,970 497,152
Additions - 117,998 - 117,998
At 31 March 2023 67,643 312,178 4,970 615,150
DEPRECIATION
At 1 April 2022 32,333 119,589 2,423 207,656
Charge for year 5,296 41,534 383 61,492
At 31 March 2023 37,629 161,123 2,806 269,148
NET BOOK VALUE
At 31 March 2023 30,014 151,055 2,164 346,002
At 31 March 2022 35,310 74,591 2,547 289,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,136 88,593
Other debtors 1,516 8,779
75,652 97,372

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 21,148 4,968
Trade creditors 69,151 91,625
Taxation and social security 57,292 74,320
Other creditors 62,804 61,763
250,395 272,676

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,166 64,167
Hire purchase contracts 61,393 2,258
85,559 66,425

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 64,166 104,167
Hire purchase contracts 82,541 7,226
146,707 111,393

The hire purchase contracts are secured against assets included within motor vehicles.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
£    £   
I Capps
Balance outstanding at start of year 5,752 (211 )
Amounts advanced 17,271 25,831
Amounts repaid (23,023 ) (19,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,752

D Kinton and N Kinton
Balance outstanding at start of year (19,233 ) (88,477 )
Amounts advanced 89,431 113,588
Amounts repaid (102,145 ) (44,344 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (31,947 ) (19,233 )

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Non-cancellable
operating leases
2023 2022
£ £
Within one year 40,160 38,060
Between one and five years 44,435 46,810
84,595 84,870