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REGISTERED NUMBER: SC400496 (Scotland)















Unaudited Financial Statements

for the Period 1 October 2023 to 28 March 2024

for

Malone and Fox Family Funerals Limited

Malone and Fox Family Funerals Limited (Registered number: SC400496)






Contents of the Financial Statements
for the Period 1 October 2023 to 28 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Malone and Fox Family Funerals Limited

Company Information
for the Period 1 October 2023 to 28 March 2024







DIRECTORS: Mr S P D Kershaw
Mr A H Fraser





SECRETARY: Mr A H Fraser





REGISTERED OFFICE: 51 Rossendale Road
Glasgow
G41 3RH





REGISTERED NUMBER: SC400496 (Scotland)





ACCOUNTANTS: Greg Hannah Ltd
Chartered Accountants
26 Victoria Street
Rutherglen
Glasgow
G73 1DS

Malone and Fox Family Funerals Limited (Registered number: SC400496)

Balance Sheet
28 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 83,756 92,391

CURRENT ASSETS
Stocks 4,886 -
Debtors 6 40,465 67,585
Cash at bank and in hand 15,234 31,306
60,585 98,891
CREDITORS
Amounts falling due within one year 7 27,113 53,335
NET CURRENT ASSETS 33,472 45,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,228

137,947

PROVISIONS FOR LIABILITIES 12,143 10,194
NET ASSETS 105,085 127,753

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 104,085 126,753
105,085 127,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 March 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.

Malone and Fox Family Funerals Limited (Registered number: SC400496)

Balance Sheet - continued
28 March 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 20 August 2024 and were signed on its behalf by:





Mr A H Fraser - Director


Malone and Fox Family Funerals Limited (Registered number: SC400496)

Notes to the Financial Statements
for the Period 1 October 2023 to 28 March 2024

1. STATUTORY INFORMATION

Malone and Fox Family Funerals Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 etc - 20% on reducing balance and 10% 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 period 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 period 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.

Malone and Fox Family Funerals Limited (Registered number: SC400496)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 March 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 4,188 183,379 187,567
Disposals - (3,500 ) (3,500 )
At 28 March 2024 4,188 179,879 184,067
DEPRECIATION
At 1 October 2023 - 95,176 95,176
Charge for period - 6,843 6,843
Eliminated on disposal - (1,708 ) (1,708 )
At 28 March 2024 - 100,311 100,311
NET BOOK VALUE
At 28 March 2024 4,188 79,568 83,756
At 30 September 2023 4,188 88,203 92,391

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,039 44,607
Other debtors 25,426 22,978
40,465 67,585

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,537 16,625
Taxation and social security (1,628 ) 3,054
Other creditors 17,204 33,656
27,113 53,335

8. RELATED PARTY DISCLOSURES

At the 28th March 2024, Mr A Malone (former director) owed the company £2,448 (30/9/23: (£5,479)). This sum was repaid on the 4th June 2024.

Malone and Fox Family Funerals Limited (Registered number: SC400496)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 28 March 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Funeral Partners Limited.