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Registration number: 11802741

TUDOR-DAVIES FUNERAL SERVICES LTD

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 July 2023

 

TUDOR-DAVIES FUNERAL SERVICES LTD

(Registration number: 11802741)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

147,216

75,183

Current assets

 

Debtors

5

148,556

42,690

Cash at bank and in hand

 

40,244

128,410

 

188,800

171,100

Creditors: Amounts falling due within one year

(48,675)

(48,506)

Net current assets

 

140,125

122,594

Total assets less current liabilities

 

287,341

197,777

Creditors: Amounts falling due after more than one year

(21,249)

-

Provisions for liabilities

(31,398)

-

Net assets

 

234,694

197,777

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

234,693

197,776

Shareholders' funds

 

234,694

197,777

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

TUDOR-DAVIES FUNERAL SERVICES LTD

(Registration number: 11802741)
Abridged Balance Sheet as at 31 July 2023

Approved and authorised by the Board on 18 March 2024 and signed on its behalf by:
 

.........................................
G Tudor
Company secretary and director

 

TUDOR-DAVIES FUNERAL SERVICES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
18-20 Moorland Road
Stoke-On-Trent
Staffordshire
ST6 1DW
England

These financial statements were authorised for issue by the Board on 18 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

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.

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.

 

TUDOR-DAVIES FUNERAL SERVICES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

Fixtures, fittings and equipment

15% on reducing balance

Motor vehicles

25% on reducing balance

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.

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.

Borrowings

 

TUDOR-DAVIES FUNERAL SERVICES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 6).

 

TUDOR-DAVIES FUNERAL SERVICES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Fixtures, fittings and equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

32,811

82,022

114,833

Additions

3,581

132,335

135,916

Disposals

-

(25,000)

(25,000)

At 31 July 2023

36,392

189,357

225,749

Depreciation

At 1 August 2022

6,829

32,821

39,650

Charge for the year

4,435

40,698

45,133

Eliminated on disposal

-

(6,250)

(6,250)

At 31 July 2023

11,264

67,269

78,533

Carrying amount

At 31 July 2023

25,128

122,088

147,216

At 31 July 2022

25,982

49,201

75,183

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

         
 

TUDOR-DAVIES FUNERAL SERVICES LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

7

Related party transactions

Transactions with directors

2023

At 1 August 2022
£

Other payments made to company by director
£

At 31 July 2023
£

G Tudor

Directors current account

(1,046)

(37,553)

(38,599)

       
     

Mrs O G Tudor

Directors current account

5,000

(5,000)

-

       
     

Mr H J Heath

Directors current account

1,956

(14,735)

(12,779)

       
     

 

2022

At 1 August 2021
£

Other payments made to company by director
£

At 31 July 2022
£

G Tudor

Directors current account

(30,769)

29,723

(1,046)

       
     

Mrs O G Tudor

Directors current account

3,000

2,000

5,000

       
     

Mr H J Heath

Directors current account

3,000

(1,044)

1,956