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REGISTERED NUMBER: 06385008 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tranter Funerals Limited

Tranter Funerals Limited (Registered number: 06385008)






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


Tranter Funerals Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Tranter





SECRETARY: S Tranter





REGISTERED OFFICE: 101 West Street
St Georges
Telford
Shropshire
TF2 9JE





REGISTERED NUMBER: 06385008 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Tranter Funerals Limited (Registered number: 06385008)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,766 76,008
Tangible assets 5 2,314,500 1,560,072
2,369,266 1,636,080

CURRENT ASSETS
Stocks 25,000 30,000
Debtors 6 68,247 341,868
Investments 7 575,901 574,836
Cash at bank and in hand 454,468 738,434
1,123,616 1,685,138
CREDITORS
Amounts falling due within one year 8 200,730 372,957
NET CURRENT ASSETS 922,886 1,312,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,292,152

2,948,261

CREDITORS
Amounts falling due after more than one
year

9

(299,395

)

(289,313

)

PROVISIONS FOR LIABILITIES (212,006 ) (76,511 )
NET ASSETS 2,780,751 2,582,437

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 2,780,741 2,582,427
SHAREHOLDERS' FUNDS 2,780,751 2,582,437

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 director acknowledges his 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.

Tranter Funerals Limited (Registered number: 06385008)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





S Tranter - Director


Tranter Funerals Limited (Registered number: 06385008)

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

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Personalised number plates are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Office equipment - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% 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 Statement of Income and Retained Earnings, 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.


Tranter Funerals Limited (Registered number: 06385008)

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 73,600 212,422 286,022
AMORTISATION
At 1 January 2023 73,600 136,414 210,014
Charge for year - 21,242 21,242
At 31 December 2023 73,600 157,656 231,256
NET BOOK VALUE
At 31 December 2023 - 54,766 54,766
At 31 December 2022 - 76,008 76,008

Tranter Funerals Limited (Registered number: 06385008)

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

5. TANGIBLE FIXED ASSETS
Freehold Office Plant and
property equipment machinery
£    £    £   
COST
At 1 January 2023 1,134,814 6,910 45,125
Additions 415,918 838 891
Disposals - - -
At 31 December 2023 1,550,732 7,748 46,016
DEPRECIATION
At 1 January 2023 133,069 4,650 29,580
Charge for year 24,025 349 2,397
Eliminated on disposal - - -
Transfer to ownership - - -
At 31 December 2023 157,094 4,999 31,977
NET BOOK VALUE
At 31 December 2023 1,393,638 2,749 14,039
At 31 December 2022 1,001,745 2,260 15,545

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 176,747 1,315,770 26,275 2,705,641
Additions 249 657,050 5,939 1,080,885
Disposals - (368,670 ) - (368,670 )
At 31 December 2023 176,996 1,604,150 32,214 3,417,856
DEPRECIATION
At 1 January 2023 132,035 823,510 22,725 1,145,569
Charge for year 6,713 174,733 2,737 210,954
Eliminated on disposal - (103,353 ) - (103,353 )
Transfer to ownership - (149,814 ) - (149,814 )
At 31 December 2023 138,748 745,076 25,462 1,103,356
NET BOOK VALUE
At 31 December 2023 38,248 859,074 6,752 2,314,500
At 31 December 2022 44,712 492,260 3,550 1,560,072

Tranter Funerals Limited (Registered number: 06385008)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 847,562
Disposals (236,585 )
At 31 December 2023 610,977
DEPRECIATION
At 1 January 2023 674,148
Charge for year 70,980
Transfer to ownership (347,088 )
At 31 December 2023 398,040
NET BOOK VALUE
At 31 December 2023 212,937
At 31 December 2022 173,414

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 46,948 81,530
Other debtors 700 240,700
VAT 6,303 4,290
Prepayments 14,296 15,348
68,247 341,868

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Other 575,901 574,836

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 51,317 37,960
Hire purchase contracts 72,446 101,376
Trade creditors 28,456 56,725
Tax 7,209 101,649
Social security and other taxes 403 16,781
Other creditors 6,573 30,366
Directors' current accounts 152 205
Accrued expenses 34,174 27,895
200,730 372,957

Tranter Funerals Limited (Registered number: 06385008)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 199,578 144,931
Bank loans more 5 yr by instal 73,846 30,060
Hire purchase contracts 25,971 114,322
299,395 289,313

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 73,846 30,060

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary £1 10 10