G Collins & Sons Funeral Directors Ltd 06465310 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is funeral and memorial services Digita Accounts Production Advanced 6.30.9574.0 true 06465310 2023-05-01 2024-04-30 06465310 2024-04-30 06465310 core:CapitalRedemptionReserve 2024-04-30 06465310 core:RetainedEarningsAccumulatedLosses 2024-04-30 06465310 core:ShareCapital 2024-04-30 06465310 core:CurrentFinancialInstruments 2024-04-30 06465310 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 06465310 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 06465310 core:Goodwill 2024-04-30 06465310 core:FurnitureFittingsToolsEquipment 2024-04-30 06465310 core:LandBuildings 2024-04-30 06465310 core:MotorVehicles 2024-04-30 06465310 core:OtherPropertyPlantEquipment 2024-04-30 06465310 bus:SmallEntities 2023-05-01 2024-04-30 06465310 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06465310 bus:FilletedAccounts 2023-05-01 2024-04-30 06465310 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06465310 bus:RegisteredOffice 2023-05-01 2024-04-30 06465310 bus:Director2 2023-05-01 2024-04-30 06465310 bus:Director3 2023-05-01 2024-04-30 06465310 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06465310 core:CapitalRedemptionReserve 2023-05-01 2024-04-30 06465310 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 06465310 core:ShareCapital 2023-05-01 2024-04-30 06465310 core:Goodwill 2023-05-01 2024-04-30 06465310 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 06465310 core:LandBuildings 2023-05-01 2024-04-30 06465310 core:MotorVehicles 2023-05-01 2024-04-30 06465310 core:OfficeEquipment 2023-05-01 2024-04-30 06465310 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 06465310 core:PlantMachinery 2023-05-01 2024-04-30 06465310 countries:UnitedKingdom 2023-05-01 2024-04-30 06465310 2023-04-30 06465310 core:CapitalRedemptionReserve 2023-04-30 06465310 core:RetainedEarningsAccumulatedLosses 2023-04-30 06465310 core:ShareCapital 2023-04-30 06465310 core:Goodwill 2023-04-30 06465310 core:FurnitureFittingsToolsEquipment 2023-04-30 06465310 core:LandBuildings 2023-04-30 06465310 core:MotorVehicles 2023-04-30 06465310 core:OtherPropertyPlantEquipment 2023-04-30 06465310 2022-05-01 2023-04-30 06465310 2023-04-30 06465310 core:CurrentFinancialInstruments 2023-04-30 06465310 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 06465310 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 06465310 core:FurnitureFittingsToolsEquipment 2023-04-30 06465310 core:LandBuildings 2023-04-30 06465310 core:MotorVehicles 2023-04-30 06465310 core:OtherPropertyPlantEquipment 2023-04-30 06465310 core:CapitalRedemptionReserve 2022-05-01 2023-04-30 06465310 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 06465310 core:ShareCapital 2022-05-01 2023-04-30 06465310 2022-04-30 06465310 core:CapitalRedemptionReserve 2022-04-30 06465310 core:RetainedEarningsAccumulatedLosses 2022-04-30 06465310 core:ShareCapital 2022-04-30 iso4217:GBP xbrli:pure

Registrar

Registration number: 06465310

G Collins & Sons Funeral Directors Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

G Collins & Sons Funeral Directors Ltd

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4 to 8

 

G Collins & Sons Funeral Directors Ltd

Company Information

Directors

J A Collins

H K Collins

Registered office

4 The Street
White Notley
Witham
Essex
CM8 1RH

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

G Collins & Sons Funeral Directors Ltd

(Registration number: 06465310)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

97,552

71,902

Current assets

 

Stocks

6

7,000

6,325

Debtors

7

21,318

35,350

Cash at bank and in hand

 

71,407

96,599

 

99,725

138,274

Creditors: Amounts falling due within one year

8

(122,097)

(104,925)

Net current (liabilities)/assets

 

(22,372)

33,349

Total assets less current liabilities

 

75,180

105,251

Creditors: Amounts falling due after more than one year

8

(14,242)

(25,259)

Provisions for liabilities

(14,259)

(8,252)

Net assets

 

46,679

71,740

Capital and reserves

 

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

46,579

71,640

Shareholders' funds

 

46,679

71,740

For the financial year ending 30 April 2024 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.

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.

Approved and authorised by the Board on 26 July 2024 and signed on its behalf by:
 

J A Collins
Director

 

G Collins & Sons Funeral Directors Ltd

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 May 2023

50

50

71,640

71,740

Profit for the year

-

-

56,639

56,639

Dividends

-

-

(81,700)

(81,700)

At 30 April 2024

50

50

46,579

46,679


 

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 May 2022

50

50

22,256

22,356

Profit for the year

-

-

112,884

112,884

Dividends

-

-

(63,500)

(63,500)

At 30 April 2023

50

50

71,640

71,740


 

 

G Collins & Sons Funeral Directors Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is: 4 The Street, White Notley, Witham, Essex, CM8 1RH, United Kingdom.

The principal place of business is: 30 Rayne Road, Braintree, Essex, CM7 2QH, United Kingdom.

These financial statements were authorised for issue by the Board on 26 July 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 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 financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the consideration received or receivable for the provision of funeral services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

Government grants

Government grants are assistance by government in the form of a transfer of resources to an entity in return for past or future compliance with specified conditions relating to the operating activities of the entity. Grants are recognised in the profit and loss account at the date they are received, under the performance model.

Tax

Current Tax is recognised in the profit and loss account, 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% Reducing Balance

 

G Collins & Sons Funeral Directors Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

Office Equipment

15% Reducing Balance

Motor Vehicles

25% Reducing Balance and 15% Reducing Balance

Improvements to property

20 year straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Amortised evenly over its estimated useful life of ten years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

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.

 

G Collins & Sons Funeral Directors Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

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 11 (2023 - 10).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

68,851

68,851

At 30 April 2024

68,851

68,851

Amortisation

At 1 May 2023

68,851

68,851

At 30 April 2024

68,851

68,851

Carrying amount

At 30 April 2024

-

-

 

G Collins & Sons Funeral Directors Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Improvements to property
£

Office equipment
£

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 May 2023

20,645

79,049

144,232

12,769

256,695

Additions

19,069

-

18,375

10,204

47,648

Disposals

-

(24,785)

(5,423)

(1,280)

(31,488)

At 30 April 2024

39,714

54,264

157,184

21,693

272,855

Depreciation

At 1 May 2023

1,848

54,480

120,075

8,391

184,794

Charge for the year

1,756

3,685

4,354

3,499

13,294

Eliminated on disposal

-

(20,510)

(1,159)

(1,116)

(22,785)

At 30 April 2024

3,604

37,655

123,270

10,774

175,303

Carrying amount

At 30 April 2024

36,110

16,609

33,914

10,919

97,552

At 30 April 2023

18,797

24,569

24,158

4,378

71,902

 

G Collins & Sons Funeral Directors Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

6

Stocks

2024
£

2023
£

Stock

7,000

6,325

7

Debtors

2024
£

2023
£

Trade debtors

15,197

28,902

Other debtors

6,121

6,448

21,318

35,350

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

27,004

28,642

Trade creditors

 

10,475

22,242

Taxation and social security

 

1,302

10

Accruals and deferred income

 

5,000

-

Other creditors

 

6,865

38

Directors loan

 

49,501

26,784

Corporation tax

 

21,950

27,209

 

122,097

104,925

Current loans and borrowings

2024
£

2023
£

Bank borrowings

26,625

28,642

HP and finance lease liabilities

379

-

27,004

28,642