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REGISTERED NUMBER: 06882001 (England and Wales)

















R ARNOLD FUNERAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






R ARNOLD FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 06882001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


R ARNOLD FUNERAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr R Arnold
Mrs L Arnold





REGISTERED OFFICE: 38 High Street
Sutton-On-Sea
Mablethorpe
Lincolnshire
LN12 2HB





REGISTERED NUMBER: 06882001 (England and Wales)





ACCOUNTANTS: Socius Accountants Limited
Excel House
Millbrook Lane
Wragby
Lincolnshire
LN8 5AB

R ARNOLD FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 06882001)

ABRIDGED BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,078 6,116
Property, plant and equipment 5 255,527 270,501
259,605 276,617

CURRENT ASSETS
Inventories 3,742 3,742
Debtors 407,759 324,457
Cash at bank and in hand 106,191 94,580
517,692 422,779
CREDITORS
Amounts falling due within one year 235,537 172,655
NET CURRENT ASSETS 282,155 250,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,760

526,741

PROVISIONS FOR LIABILITIES 17,598 19,975
NET ASSETS 524,162 506,766

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 524,062 506,666
524,162 506,766

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2024 and were signed on its behalf by:



Mr R Arnold - Director


R ARNOLD FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 06882001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

R Arnold 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. 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Inventories
Inventories 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 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.

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.

R ARNOLD FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 06882001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 29,118
AMORTISATION
At 1 June 2022 23,002
Amortisation for year 2,038
At 31 May 2023 25,040
NET BOOK VALUE

At 31 May 2023 4,078
At 31 May 2022 6,116

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 June 2022 501,422
Additions 9,966
At 31 May 2023 511,388
DEPRECIATION
At 1 June 2022 230,921
Charge for year 24,940
At 31 May 2023 255,861
NET BOOK VALUE
At 31 May 2023 255,527
At 31 May 2022 270,501

R ARNOLD FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 06882001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr R Arnold
Balance outstanding at start of year 18,707 26,908
Amounts advanced 59,894 36,047
Amounts repaid (35,596 ) (44,248 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,005 18,707

Mrs L Arnold
Balance outstanding at start of year 24,509 16,535
Amounts advanced 85,315 52,528
Amounts repaid (40,952 ) (44,554 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,872 24,509

All advances made to directors are unsecured, repayable on demand and with no interest charged.