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REGISTERED NUMBER: 00798479 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Barrells The Funeral Directors Limited

Barrells The Funeral Directors Limited (Registered number: 00798479)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barrells The Funeral Directors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C S Barrell
R S Wilde
S Thetford





SECRETARY: Miss T V Rose





REGISTERED OFFICE: 245 Fratton Road
Portsmouth
Hampshire
PO1 5PA





REGISTERED NUMBER: 00798479 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Barrells The Funeral Directors Limited (Registered number: 00798479)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 953,512 1,078,378

CURRENT ASSETS
Stocks 31,768 36,688
Debtors 5 1,396,713 114,629
Investments 6 1,646,239 1,554,103
Cash at bank and in hand 1,514,827 2,623,811
4,589,547 4,329,231
CREDITORS
Amounts falling due within one year 7 593,567 669,265
NET CURRENT ASSETS 3,995,980 3,659,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,949,492

4,738,344

PROVISIONS FOR LIABILITIES 79,330 105,492
NET ASSETS 4,870,162 4,632,852

CAPITAL AND RESERVES
Called up share capital 617 617
Non distributable retained
earnings 9 491,568 397,892
Capital redemption reserve 414 414
Retained earnings 4,377,563 4,233,929
SHAREHOLDERS' FUNDS 4,870,162 4,632,852

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

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

Barrells The Funeral Directors Limited (Registered number: 00798479)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





R S Wilde - Director


Barrells The Funeral Directors Limited (Registered number: 00798479)

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

1. STATUTORY INFORMATION

Barrells The 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Fixtures and fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks 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 Income Statement, 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.

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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Barrells The Funeral Directors Limited (Registered number: 00798479)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings Vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 928,499 227,896 965,814 73,188 2,195,397
Additions - 1,847 - 1,709 3,556
At 30 April 2024 928,499 229,743 965,814 74,897 2,198,953
DEPRECIATION
At 1 May 2023 327,599 172,905 554,764 61,751 1,117,019
Charge for year 14,870 8,304 102,762 2,486 128,422
At 30 April 2024 342,469 181,209 657,526 64,237 1,245,441
NET BOOK VALUE
At 30 April 2024 586,030 48,534 308,288 10,660 953,512
At 30 April 2023 600,900 54,991 411,050 11,437 1,078,378

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 62,841 102,622
Other debtors 331,460 12,007
394,301 114,629

Amounts falling due after more than one year:
Other debtors 1,002,412 -

Aggregate amounts 1,396,713 114,629

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,610,629 1,516,953
Unlisted investments 35,610 37,150
1,646,239 1,554,103

The historical cost of the listed investments amounts to £1,119,061 (2023 £1,119,061).

Barrells The Funeral Directors Limited (Registered number: 00798479)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,891 13,065
Taxation and social security 176,380 83,620
Other creditors 398,296 572,580
593,567 669,265

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 12,890 1,831
Between one and five years 10,090 288
22,980 2,119

9. RESERVES
Non
distributable
retained
earnings
£   
At 1 May 2023 397,892
Revaluation of listed
investments 93,676

At 30 April 2024 491,568

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R S Wilde.