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REGISTERED NUMBER: 04442763 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Indian Funeral Directors Limited

Indian Funeral Directors Limited (Registered number: 04442763)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Indian Funeral Directors Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr Sanjay Meghji Shah
Mrs Alka Sanjay Shah
Mrs Neeta Bharat Shah





SECRETARY: Mrs Alka Sanjay Shah





REGISTERED OFFICE: 44 South Parade
Mollison Way
Edgware
MIDDLESEX
HA8 5QL





REGISTERED NUMBER: 04442763 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Indian Funeral Directors Limited (Registered number: 04442763)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 247,509 298,256
Investments 5 229,441 226,787
Investment property 6 1,015,000 1,015,000
1,491,950 1,540,043

CURRENT ASSETS
Stocks 21,000 17,500
Debtors 7 114,648 104,576
Cash at bank and in hand 1,087,650 1,510,039
1,223,298 1,632,115
CREDITORS
Amounts falling due within one year 8 132,163 301,507
NET CURRENT ASSETS 1,091,135 1,330,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,583,085

2,870,651

CREDITORS
Amounts falling due after more than one
year

9

46,632

79,548
NET ASSETS 2,536,453 2,791,103

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 (250,168 ) (247,987 )
Retained earnings 2,785,621 3,038,090
SHAREHOLDERS' FUNDS 2,536,453 2,791,103

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

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

Indian Funeral Directors Limited (Registered number: 04442763)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr Sanjay Meghji Shah - Director


Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Indian 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. 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 as modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 292,599 425,241 717,840
Additions - 2,969 2,969
Disposals - (33,920 ) (33,920 )
At 31 October 2023 292,599 394,290 686,889
DEPRECIATION
At 1 November 2022 120,700 298,884 419,584
Charge for year 18,731 34,088 52,819
Eliminated on disposal - (33,023 ) (33,023 )
At 31 October 2023 139,431 299,949 439,380
NET BOOK VALUE
At 31 October 2023 153,168 94,341 247,509
At 31 October 2022 171,899 126,357 298,256

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2022 226,787
Additions 4,384
Revaluations (1,730 )
At 31 October 2023 229,441
NET BOOK VALUE
At 31 October 2023 229,441
At 31 October 2022 226,787

Cost or valuation at 31 October 2023 is represented by:

Other
investments
£   
Valuation in 2023 229,441

Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,015,000
NET BOOK VALUE
At 31 October 2023 1,015,000
At 31 October 2022 1,015,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 1,015,000

The investment properties are valued by the Directors of the Company at 31 October 2023 on an open market value for existing use basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 21,448 48,345
Other debtors 93,200 56,231
114,648 104,576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 71,629 107,861
Taxation and social security 10,019 123,890
Other creditors 50,515 69,756
132,163 301,507

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Obligation under hire purchase 46,632 79,548

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022 (247,987 )
Undistributable Reserves (2,181 )

At 31 October 2023 (250,168 )

Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 October 2023, Indian Funeral Directors Ltd owed £618 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown in Directors' Loan Accounts under creditors due within one year. Please be advised that all the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year ended 31 October 2023, Indian Funeral Directors Ltd owed £10,000 to the Estate of Mr Bharat Shah [Deceased]. This amount is reflected in the respective shareholder's loan accounts in credit balance, which is shown under creditors due within one year. Please be advised that this loan has been provided on an interest free basis and the loan is repayable on demand.