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REGISTERED NUMBER: 06181705 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

Ernest Heal & Sons Funeral Directors
Limited

Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ernest Heal & Sons Funeral Directors
Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P J Heal
N J Williams
E Heal
Mrs A Williams





SECRETARY: P J Heal





REGISTERED OFFICE: 5 South Road
Broadwell
Coleford
Gloucestershire
GL16 7BH





REGISTERED NUMBER: 06181705 (England and Wales)






Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 275,806 268,659
275,806 268,659

CURRENT ASSETS
Stocks 75,544 69,810
Debtors 6 40,183 77,286
Cash at bank and in hand 253,904 344,810
369,631 491,906
CREDITORS
Amounts falling due within one year 7 233,617 308,389
NET CURRENT ASSETS 136,014 183,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,820

452,176

CREDITORS
Amounts falling due after more than one
year

8

-

(18,333

)

PROVISIONS FOR LIABILITIES 10 (53,347 ) (56,869 )
NET ASSETS 358,473 376,974

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 358,373 376,874
SHAREHOLDERS' FUNDS 358,473 376,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)

BALANCE SHEET - continued
30 JUNE 2024


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 31 July 2024 and were signed on its behalf by:




P J Heal - Director



N J Williams - Director


Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Ernest Heal & Sons 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.

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

Goodwill
Goodwill purchased in 2007 has been written off over its estimated useful life of 10 years. Goodwill purchased in 2010 is being written off over its estimated useful life of 2 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme. Contributions are charged to the profit and loss account in the year to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 510,000
AMORTISATION
At 1 July 2023
and 30 June 2024 510,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 11,714 128,308 84,191
Additions - - 441
Disposals - - -
At 30 June 2024 11,714 128,308 84,632
DEPRECIATION
At 1 July 2023 - 110,004 61,576
Charge for year - 2,745 3,458
Eliminated on disposal - - -
At 30 June 2024 - 112,749 65,034
NET BOOK VALUE
At 30 June 2024 11,714 15,559 19,598
At 30 June 2023 11,714 18,304 22,615

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 730,496 34,117 988,826
Additions 63,200 918 64,559
Disposals (15,230 ) - (15,230 )
At 30 June 2024 778,466 35,035 1,038,155
DEPRECIATION
At 1 July 2023 524,349 24,238 720,167
Charge for year 48,065 1,619 55,887
Eliminated on disposal (13,705 ) - (13,705 )
At 30 June 2024 558,709 25,857 762,349
NET BOOK VALUE
At 30 June 2024 219,757 9,178 275,806
At 30 June 2023 206,147 9,879 268,659

Motor Vehicles acquired under Hire Purchase agreements have a net book value of £90,153 (2023 £120,204). The closing finance liability at the year end was £18,333 (2023 £38,333).

Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,988 63,853
Other debtors 13,195 13,433
40,183 77,286

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 18,333 20,000
Trade creditors 33,426 68,379
Tax 20,987 72,265
Social security and other taxes 16,891 15,186
VAT 1,688 1,348
Other creditors 12,000 13,085
Directors' loan accounts 20,117 20,117
Accruals and deferred income 106,075 93,909
Accrued expenses 4,100 4,100
233,617 308,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 18,333

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 18,333 20,000
Between one and five years - 18,333
18,333 38,333

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 53,347 56,869

Ernest Heal & Sons Funeral Directors
Limited (Registered number: 06181705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 56,869
Accelerated capital allowance (3,522 )
Balance at 30 June 2024 53,347

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.