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REGISTERED NUMBER: 06969843 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

The Arthur W Bryant Funeral Service
Limited

The Arthur W Bryant Funeral Service
Limited (Registered number: 06969843)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Arthur W Bryant Funeral Service
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K J Bryant
W K Bryant





REGISTERED OFFICE: Chapel of Rest
Morwenna Court
Princes Street
Bude
Cornwall
EX23 8AT





REGISTERED NUMBER: 06969843 (England and Wales)





ACCOUNTANTS: Metherell Gard Ltd
Chartered Accountants
Burn View
Bude
Cornwall
EX23 8BX

The Arthur W Bryant Funeral Service
Limited (Registered number: 06969843)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 432,702 438,699
Investment property 5 105,000 56,762
537,702 495,461

CURRENT ASSETS
Stocks 61,755 26,109
Debtors 73,646 76,884
Cash at bank and in hand 10,990 5,760
146,391 108,753
CREDITORS
Amounts falling due within one year 164,673 147,404
NET CURRENT LIABILITIES (18,282 ) (38,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,420

456,810

CREDITORS
Amounts falling due after more than one
year

6

(90,760

)

(99,358

)

PROVISIONS FOR LIABILITIES (21,200 ) (18,500 )
NET ASSETS 407,460 338,952

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Investment revaluation reserve 4,653 -
Retained earnings 401,807 337,952
SHAREHOLDERS' FUNDS 407,460 338,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

The Arthur W Bryant Funeral Service
Limited (Registered number: 06969843)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 August 2024 and were signed on its behalf by:




K J Bryant - Director



W K Bryant - Director


The Arthur W Bryant Funeral Service
Limited (Registered number: 06969843)

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


1. STATUTORY INFORMATION

The Arthur W Bryant Funeral Service 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Sale of goods
Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Rendering of services
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Rental income
Rental income arising from operating leases on investment property is accounted for on a straight line basis over the lease term.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property - Nil
Leasehold property - Over the life of the lease
Plant and machinery etc - 25% on cost and 10 - 20% on reducing balance

The policy of the directors is to maintain the freehold buildings to a good standard of repair and so in their opinion, no depreciation is required, as the expected residual value of the buildings at the end of their useful life is above the carrying value in the accounts.

Investment property
Investment property is included at fair value. Any aggregate gains or losses arising from changes in fair value is recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


The Arthur W Bryant Funeral Service
Limited (Registered number: 06969843)

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


2. ACCOUNTING POLICIES - continued
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.

Leasing commitments
Rentals payable under operating leases are charged to profit or loss on a straight line basis over the period of
the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Financial instruments
All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors and trade and other creditors.

Debtors and creditors receivable / payable within one year
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 other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

The Arthur W Bryant Funeral Service
Limited (Registered number: 06969843)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 612,822
Additions 16,565
Disposals (2,085 )
At 31 December 2023 627,302
DEPRECIATION
At 1 January 2023 174,123
Charge for year 20,477
At 31 December 2023 194,600
NET BOOK VALUE
At 31 December 2023 432,702
At 31 December 2022 438,699

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023
and 31 December 2023 139,628
DEPRECIATION
At 1 January 2023 81,524
Charge for year 11,621
At 31 December 2023 93,145
NET BOOK VALUE
At 31 December 2023 46,483
At 31 December 2022 58,104

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 56,762
Additions 42,085
Revaluations 6,153
At 31 December 2023 105,000
NET BOOK VALUE
At 31 December 2023 105,000
At 31 December 2022 56,762

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 105,000

The Arthur W Bryant Funeral Service
Limited (Registered number: 06969843)

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


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 98,847 56,762

The investment property was valued on an open market basis on 31st December 2023 by the directors. The directors have given consideration to market values of similar properties where possible. The valuation is based on the assumption that the property would be available with vacant possession.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 61,794 67,011

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 3,063 21,701
Between one and five years 5,124 8,187
8,187 29,888

Non-cancellable operating leases
2023 2022
£    £   
Within one year 13,000 13,000
Between one and five years 23,833 36,833
36,833 49,833

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 90,659 95,625

The bank loan is secured on the property owned by the company.