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Registration number: 05765256

Alexanders Complete Funeral Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Alexanders Complete Funeral Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Alexanders Complete Funeral Services Limited

Company Information

Director

Mr Anthony Alexander

Registered office

Alexander House
70 Carr Lane
Grimsby
NE Lincolnshire
DN32 8JP

Accountants

Forrester Boyd
Chartered Accountants
26 South St. Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

 

Alexanders Complete Funeral Services Limited

(Registration number: 05765256)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

302,418

288,938

Current assets

 

Stocks

5

3,250

2,700

Debtors

6

122,179

130,363

Cash at bank and in hand

 

301,963

323,681

 

427,392

456,744

Creditors: Amounts falling due within one year

7

(199,010)

(316,877)

Net current assets

 

228,382

139,867

Net assets

 

530,800

428,805

Capital and reserves

 

Called up share capital

50

50

Share premium reserve

50

50

Retained earnings

530,700

428,705

Shareholders' funds

 

530,800

428,805

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 March 2024
 

.........................................
Mr Anthony Alexander
Director

 

Alexanders Complete Funeral Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Alexander House
70 Carr Lane
Grimsby
NE Lincolnshire
DN32 8JP

These financial statements were authorised for issue by the director on 5 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.


Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

The financial statements cover the individual entity, Alexanders Complete Funeral Services Limited.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Alexanders Complete Funeral Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Land and buildings

Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

Alexanders Complete Funeral Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 10 (2022 - 9).

 

Alexanders Complete Funeral Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

263,968

52,172

56,870

373,010

Additions

-

2,576

25,000

27,576

Disposals

-

-

(18,500)

(18,500)

At 30 September 2023

263,968

54,748

63,370

382,086

Depreciation

At 1 October 2022

-

45,891

38,181

84,072

Charge for the year

-

1,733

10,922

12,655

Eliminated on disposal

-

-

(17,059)

(17,059)

At 30 September 2023

-

47,624

32,044

79,668

Carrying amount

At 30 September 2023

263,968

7,124

31,326

302,418

At 30 September 2022

263,968

6,281

18,689

288,938

Included within the net book value of land and buildings above is £263,968 (2022 - £263,968) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Finished goods and goods for resale

3,250

2,700

 

Alexanders Complete Funeral Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

119,433

127,021

Prepayments

2,746

3,342

 

122,179

130,363

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

6,205

32,205

Taxation and social security

47,769

51,949

Accruals and deferred income

8,359

3,500

Other creditors

136,677

229,223

199,010

316,877

8

Related party transactions

Summary of transactions with parent

The parent company is Alexanders Complete Funeral Services (Holdings) Limited.
 

Expenditure with and payables to related parties

2023

Parent
£

Rendering of services

14,000

2022

Parent
£

Rendering of services

14,000

Loans from related parties

2023

Parent
£

Total
£

At start of period

228,520

228,520

Advanced

92,000

92,000

Repaid

(187,022)

(187,022)

At end of period

133,498

133,498

 

Alexanders Complete Funeral Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

2022

Parent
£

Total
£

At start of period

302,602

302,602

Advanced

92,000

92,000

Repaid

(166,082)

(166,082)

At end of period

228,520

228,520