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REGISTERED NUMBER: 00420252 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

G T Edwards (Ilkeston) Limited

G T Edwards (Ilkeston) Limited (Registered number: 00420252)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G T Edwards (Ilkeston) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J R Parkes
E R Parkes
Mrs C F Parkes





SECRETARY: Mrs C F Parkes





REGISTERED OFFICE: 126 Nottingham Road
Ilkeston
Derbyshire
DE7 5NW





REGISTERED NUMBER: 00420252 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

G T Edwards (Ilkeston) Limited (Registered number: 00420252)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,685 167,708
Investments 5 2,000 2,000
161,685 169,708

CURRENT ASSETS
Stocks 19,385 13,660
Debtors 6 49,255 54,138
Cash at bank and in hand 275,121 255,314
343,761 323,112
CREDITORS
Amounts falling due within one year 7 96,048 87,218
NET CURRENT ASSETS 247,713 235,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,398

405,602

PROVISIONS FOR LIABILITIES 19,735 19,034
NET ASSETS 389,663 386,568

CAPITAL AND RESERVES
Called up share capital 8 6,000 6,000
Revaluation reserve 9 107,140 111,593
Capital redemption reserve 9 750 750
Retained earnings 9 275,773 268,225
SHAREHOLDERS' FUNDS 389,663 386,568

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.

G T Edwards (Ilkeston) Limited (Registered number: 00420252)

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.

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 21 August 2024 and were signed on its behalf by:





E R Parkes - Director


G T Edwards (Ilkeston) Limited (Registered number: 00420252)

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


1. STATUTORY INFORMATION

G T Edwards (Ilkeston) 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 (£).


The company is the parent company of a small group and as such has taken advantage of the exemptions available regarding group accounts. These financial statements therefore cover only the transactions of this individual entity.

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 and is recognised when it is probable that the economic benefits associated with the transaction will flow to the entity, which is generally on completion of the funeral service.

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 31 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any accumulated impairment losses.

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.


G T Edwards (Ilkeston) Limited (Registered number: 00420252)

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


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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 145,000 318,707 463,707
Additions - 9,965 9,965
Disposals - (4,371 ) (4,371 )
At 31 December 2023 145,000 324,301 469,301
DEPRECIATION
At 1 January 2023 32,739 263,260 295,999
Charge for year 4,677 13,191 17,868
Eliminated on disposal - (4,251 ) (4,251 )
At 31 December 2023 37,416 272,200 309,616
NET BOOK VALUE
At 31 December 2023 107,584 52,101 159,685
At 31 December 2022 112,261 55,447 167,708

G T Edwards (Ilkeston) Limited (Registered number: 00420252)

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


4. TANGIBLE FIXED ASSETS - continued

Land and buildings were revalued at 31 December 2016 by the directors of the company, on the basis of open market value, at £145,000.

In accordance with the provisions of FRS102 (1A) this valuation has not been updated following the introduction of FRS 102(1A) and the previous value is carried forward as the deemed cost.

The historic cost of the land and buildings is £11,196 (2022 - £11,196), the historic cost accumulated depreciation would have been £10,752 (2022 - £10,528) and the aggregate carrying value would therefore have been £444 (2022 - £668).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 2,000
NET BOOK VALUE
At 31 December 2023 2,000
At 31 December 2022 2,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

S Trueman (Ilkeston) Ltd
Registered office: 126 Nottingham Road Ilkeston Derbyshire
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,472 46,858
Other debtors 890 2,509
Prepayments 6,893 4,771
49,255 54,138

G T Edwards (Ilkeston) Limited (Registered number: 00420252)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,884 11,340
Corporation tax 23,588 18,463
Social security and other taxes 20,035 25,441
Other creditors 22,382 16,849
Amounts Due to Subsidiary 2,000 2,000
Directors' current accounts 42 109
Accruals and deferred income 14,117 13,016
96,048 87,218

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,000 Ordinary 1.00 6,000 6,000

9. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2023 268,225 111,593 750 380,568
Profit for the year 78,095 78,095
Dividends (75,000 ) (75,000 )
Revalued dep'n differences 4,453 (4,453 ) - -
At 31 December 2023 275,773 107,140 750 383,663