2023-04-012024-03-312024-03-31false04626315W.E. PINDER & SON LIMITED2024-07-31iso4217:GBPxbrli:pure046263152023-04-01046263152024-03-31046263152023-04-012024-03-31046263152022-04-01046263152023-03-31046263152022-04-012023-03-3104626315bus:SmallEntities2023-04-012024-03-3104626315bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3104626315bus:FullAccounts2023-04-012024-03-3104626315bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104626315core:WithinOneYear2024-03-3104626315core:AfterOneYear2024-03-3104626315core:WithinOneYear2023-03-3104626315core:AfterOneYear2023-03-3104626315core:ShareCapital2024-03-3104626315core:SharePremium2024-03-3104626315core:RevaluationReserve2024-03-3104626315core:OtherReservesSubtotal2024-03-3104626315core:RetainedEarningsAccumulatedLosses2024-03-3104626315core:ShareCapital2023-03-3104626315core:SharePremium2023-03-3104626315core:RevaluationReserve2023-03-3104626315core:OtherReservesSubtotal2023-03-3104626315core:RetainedEarningsAccumulatedLosses2023-03-3104626315core:LandBuildings2024-03-3104626315core:PlantMachinery2024-03-3104626315core:Vehicles2024-03-3104626315core:FurnitureFittings2024-03-3104626315core:OfficeEquipment2024-03-3104626315core:NetGoodwill2024-03-3104626315core:IntangibleAssetsOtherThanGoodwill2024-03-3104626315core:ListedExchangeTraded2024-03-3104626315core:UnlistedNon-exchangeTraded2024-03-3104626315core:LandBuildings2023-03-3104626315core:PlantMachinery2023-03-3104626315core:Vehicles2023-03-3104626315core:FurnitureFittings2023-03-3104626315core:OfficeEquipment2023-03-3104626315core:NetGoodwill2023-03-3104626315core:IntangibleAssetsOtherThanGoodwill2023-03-3104626315core:ListedExchangeTraded2023-03-3104626315core:UnlistedNon-exchangeTraded2023-03-3104626315core:LandBuildings2023-04-012024-03-3104626315core:PlantMachinery2023-04-012024-03-3104626315core:Vehicles2023-04-012024-03-3104626315core:FurnitureFittings2023-04-012024-03-3104626315core:OfficeEquipment2023-04-012024-03-3104626315core:NetGoodwill2023-04-012024-03-3104626315core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104626315core:ListedExchangeTraded2023-04-012024-03-3104626315core:UnlistedNon-exchangeTraded2023-04-012024-03-3104626315core:MoreThanFiveYears2023-04-012024-03-3104626315core:Non-currentFinancialInstruments2024-03-3104626315core:Non-currentFinancialInstruments2023-03-3104626315dpl:CostSales2023-04-012024-03-3104626315dpl:DistributionCosts2023-04-012024-03-3104626315core:LandBuildings2023-04-012024-03-3104626315core:PlantMachinery2023-04-012024-03-3104626315core:Vehicles2023-04-012024-03-3104626315core:FurnitureFittings2023-04-012024-03-3104626315core:OfficeEquipment2023-04-012024-03-3104626315dpl:AdministrativeExpenses2023-04-012024-03-3104626315core:NetGoodwill2023-04-012024-03-3104626315core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104626315dpl:GroupUndertakings2023-04-012024-03-3104626315dpl:ParticipatingInterests2023-04-012024-03-3104626315dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3104626315core:ListedExchangeTraded2023-04-012024-03-3104626315dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3104626315core:UnlistedNon-exchangeTraded2023-04-012024-03-3104626315dpl:CostSales2022-04-012023-03-3104626315dpl:DistributionCosts2022-04-012023-03-3104626315core:LandBuildings2022-04-012023-03-3104626315core:PlantMachinery2022-04-012023-03-3104626315core:Vehicles2022-04-012023-03-3104626315core:FurnitureFittings2022-04-012023-03-3104626315core:OfficeEquipment2022-04-012023-03-3104626315dpl:AdministrativeExpenses2022-04-012023-03-3104626315core:NetGoodwill2022-04-012023-03-3104626315core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104626315dpl:GroupUndertakings2022-04-012023-03-3104626315dpl:ParticipatingInterests2022-04-012023-03-3104626315dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104626315core:ListedExchangeTraded2022-04-012023-03-3104626315dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104626315core:UnlistedNon-exchangeTraded2022-04-012023-03-3104626315core:NetGoodwill2024-03-3104626315core:IntangibleAssetsOtherThanGoodwill2024-03-3104626315core:LandBuildings2024-03-3104626315core:PlantMachinery2024-03-3104626315core:Vehicles2024-03-3104626315core:FurnitureFittings2024-03-3104626315core:OfficeEquipment2024-03-3104626315core:AfterOneYear2024-03-3104626315core:WithinOneYear2024-03-3104626315core:ListedExchangeTraded2024-03-3104626315core:UnlistedNon-exchangeTraded2024-03-3104626315core:ShareCapital2024-03-3104626315core:SharePremium2024-03-3104626315core:RevaluationReserve2024-03-3104626315core:OtherReservesSubtotal2024-03-3104626315core:RetainedEarningsAccumulatedLosses2024-03-3104626315core:NetGoodwill2023-03-3104626315core:IntangibleAssetsOtherThanGoodwill2023-03-3104626315core:LandBuildings2023-03-3104626315core:PlantMachinery2023-03-3104626315core:Vehicles2023-03-3104626315core:FurnitureFittings2023-03-3104626315core:OfficeEquipment2023-03-3104626315core:AfterOneYear2023-03-3104626315core:WithinOneYear2023-03-3104626315core:ListedExch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W.E. PINDER & SON LIMITED

Registered Number
04626315
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

W.E. PINDER & SON LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Mr J R Pinder

Company Secretary

Mrs C L Pinder

Registered Address

Lewer House, 12 Tentercroft
Street, Lincoln
Lincolnshire
LN5 7DB

Place of Business

19 Thorne Road

Bawtry

Doncaster

DN10 6QL


Registered Number

04626315 (England and Wales)
W.E. PINDER & SON LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4784,462853,899
784,462853,899
Current assets
Stocks526,96127,112
Debtors61,330,2421,250,862
Cash at bank and on hand377,171399,615
1,734,3741,677,589
Creditors amounts falling due within one year7(155,915)(247,044)
Net current assets (liabilities)1,578,4591,430,545
Total assets less current liabilities2,362,9212,284,444
Creditors amounts falling due after one year8(53)(265)
Provisions for liabilities10(6,455)(26,652)
Net assets2,356,4132,257,527
Capital and reserves
Called up share capital950950
Profit and loss account2,355,4632,256,577
Shareholders' funds2,356,4132,257,527
The financial statements were approved and authorised for issue by the Director on 31 July 2024, and are signed on its behalf by:
Mr J R Pinder
Director
Registered Company No. 04626315
W.E. PINDER & SON LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for funeral director services. Turnover is shown net of rebates and discounts.
Revenue from rendering of services
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
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. The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
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 Over 10 years
Goodwill
Goodwill is the amount paid in connection with the acquisition of a business in 2002.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Fixtures and fittings15-
Vehicles15-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year2222
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23293,472293,472
At 31 March 24293,472293,472
Amortisation and impairment
At 01 April 23293,472293,472
At 31 March 24293,472293,472
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 23651,695626,032199,0121,476,739
Additions--7,3007,300
Disposals--(2,216)(2,216)
At 31 March 24651,695626,032204,0961,481,823
Depreciation and impairment
At 01 April 23112,504437,21673,120622,840
Charge for year13,03443,66419,41076,108
On disposals--(1,587)(1,587)
At 31 March 24125,538480,88090,943697,361
Net book value
At 31 March 24526,157145,152113,153784,462
At 31 March 23539,191188,816125,892853,899
5.Stocks

2024

2023

££
Finished goods26,96127,112
Total26,96127,112
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables103,22871,722
Amounts owed by associates and joint ventures / participating interests1,169,7581,169,758
Other debtors3,333-
Prepayments and accrued income53,9239,382
Total1,330,2421,250,862
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables26,12641,347
Bank borrowings and overdrafts-10,536
Taxation and social security76,05954,106
Finance lease and HP contracts212212
Other creditors47,519134,756
Accrued liabilities and deferred income5,9996,087
Total155,915247,044
8.Creditors: amounts due after one year

2024

2023

££
Other creditors53265
Total53265
Bank borrowings Bank loan is denominated in £ with a nominal interest rate of 4.18%. The carrying amount at year end is £nil (2023 - £3,878). Other borrowings Other loans is denominated in £ with a nominal interest rate. The carrying amount at year end is £nil (2023 - £6,658). The liability is secured over the assets it relates to.
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts53265
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)6,45526,652
Total6,45526,652