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REGISTERED NUMBER: SC366543 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Silver Rose Funeral Directors Ltd.

Silver Rose Funeral Directors Ltd. (Registered number: SC366543)






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


Silver Rose Funeral Directors Ltd.

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Miss Elizabeth Ashe
Mrs E Ashe





REGISTERED OFFICE: 210 Paisley Road
Renfrew
Renfrewshire
PA4 8AA





REGISTERED NUMBER: SC366543 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Silver Rose Funeral Directors Ltd. (Registered number: SC366543)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,465 252,796

CURRENT ASSETS
Debtors 5 156,154 113,602
Cash at bank and in hand 51,100 83,350
207,254 196,952
CREDITORS
Amounts falling due within one year 6 263,081 244,232
NET CURRENT LIABILITIES (55,827 ) (47,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,638

205,516

CREDITORS
Amounts falling due after more than one
year

7

(85,773

)

(92,801

)

PROVISIONS FOR LIABILITIES 8 (6,407 ) (9,923 )
NET ASSETS 98,458 102,792

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 98,457 102,791
SHAREHOLDERS' FUNDS 98,458 102,792

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.

Silver Rose Funeral Directors Ltd. (Registered number: SC366543)

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 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 29 July 2024 and were signed on its behalf by:





Miss Elizabeth Ashe - Director


Silver Rose Funeral Directors Ltd. (Registered number: SC366543)

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

1. STATUTORY INFORMATION

Silver Rose Funeral Directors Ltd. is a private company, limited by shares , registered in Scotland. 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

Silver Rose Funeral Directors Ltd. (Registered number: SC366543)

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

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fittings
Heritable and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 November 2022 190,704 45,293 87,081 323,078
Additions 7,548 - - 7,548
Disposals - - (11,425 ) (11,425 )
At 31 October 2023 198,252 45,293 75,656 319,201
DEPRECIATION
At 1 November 2022 - 24,578 45,704 70,282
Charge for year - 3,110 10,202 13,312
Eliminated on disposal - - (10,858 ) (10,858 )
At 31 October 2023 - 27,688 45,048 72,736
NET BOOK VALUE
At 31 October 2023 198,252 17,605 30,608 246,465
At 31 October 2022 190,704 20,715 41,377 252,796

Silver Rose Funeral Directors Ltd. (Registered number: SC366543)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Fittings
and
equipment
£   
COST
At 1 November 2022
and 31 October 2023 16,778
DEPRECIATION
At 1 November 2022 2,517
Charge for year 2,139
At 31 October 2023 4,656
NET BOOK VALUE
At 31 October 2023 12,122
At 31 October 2022 14,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 155,737 113,185
Other debtors 417 417
156,154 113,602

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,673 3,673
Finance leases 3,356 3,356
Trade creditors 28,408 12,512
Taxation and social security 2,430 4,910
Other creditors 225,214 219,781
263,081 244,232

Silver Rose Funeral Directors Ltd. (Registered number: SC366543)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 79,061 82,734
Finance leases 6,712 10,067
85,773 92,801

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years - 65,397

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,407 9,923

Deferred
tax
£   
Balance at 1 November 2022 9,923
Credit to Statement of Income and Retained Earnings during year (3,516 )
Balance at 31 October 2023 6,407

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company occupies on a rent free basis premises owned by Miss E Ashe, a director.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Miss E Ashe throughout the period.