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REGISTERED NUMBER: 03587813 (England and Wales)



















CARMEL FUNERAL SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






CARMEL FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 03587813)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CARMEL FUNERAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs Z Gluck
Mr H Gluck





SECRETARY: Mrs Z Gluck





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 03587813 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

CARMEL FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 03587813)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 131,127 144,392

CURRENT ASSETS
Stocks 6 12,200 15,500
Debtors 7 60,413 6,588
Cash at bank 166,346 250,831
238,959 272,919
CREDITORS
Amounts falling due within one year 8 184,631 219,608
NET CURRENT ASSETS 54,328 53,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,455

197,703

CREDITORS
Amounts falling due after more than one
year

9

(3,390

)

(3,750

)

PROVISIONS FOR LIABILITIES 10 (16,168 ) (14,912 )
NET ASSETS 165,897 179,041

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165,797 178,941
165,897 179,041

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

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

CARMEL FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 03587813)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr H Gluck - Director


CARMEL FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 03587813)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Carmel Funeral Services 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 4% on cost
Fixtures and fittings - 15% on reducing balance
Hearses - 15% 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 Profit and Loss Account, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

CARMEL FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 03587813)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Hearses Totals
£    £    £    £   
COST
At 1 July 2022 248,526 70,091 121,642 440,259
Additions - - 22,663 22,663
Disposals - - (16,770 ) (16,770 )
At 30 June 2023 248,526 70,091 127,535 446,152
DEPRECIATION
At 1 July 2022 182,620 63,836 49,411 295,867
Charge for year 9,941 1,104 12,767 23,812
Eliminated on disposal - - (4,654 ) (4,654 )
At 30 June 2023 192,561 64,940 57,524 315,025
NET BOOK VALUE
At 30 June 2023 55,965 5,151 70,011 131,127
At 30 June 2022 65,906 6,255 72,231 144,392

6. STOCKS
2023 2022
£    £   
Stocks 12,200 15,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,105 6,210
Other debtors 30,308 378
60,413 6,588

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 696 669
Hire purchase contracts - 9,267
Trade creditors 51,690 55,134
Taxation and social security 3,206 28,591
Other creditors 129,039 125,947
184,631 219,608

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 3,390 3,750

CARMEL FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 03587813)

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

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,168 14,912

Deferred
tax
£   
Balance at 1 July 2022 14,912
Provided during year 1,256
Balance at 30 June 2023 16,168

The provision for deferred tax is in respect of accelerated capital allowances.