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Registered Number: SC367301
Scotland

 

 

 

JAMES SHERRY (FUNERAL DIRECTORS) LTD.


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Turner Accountancy Limited
31 December 2023



....................................................
Turner Accountancy Limited
101 Park Street

Motherwell
ML1 1PF
28 June 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 450,367    455,599 
Investments 4 247,936    247,936 
698,303    703,535 
Current assets      
Stocks 31,842    31,842 
Debtors 67,874    55,159 
Cash at bank and in hand 554,762    480,889 
654,478    567,890 
Creditors: amount falling due within one year (178,827)   (213,561)
Net current assets 475,651    354,329 
 
Total assets less current liabilities 1,173,954    1,057,864 
Provisions for liabilities (16,400)   (14,254)
Net assets 1,157,554    1,043,610 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 1,157,454    1,043,510 
Shareholder's funds 1,157,554    1,043,610 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 June 2024 and were signed on its behalf by:


-------------------------------
Martin Joseph Sherry
Director
2
General Information
James Sherry (Funeral Directors) Ltd. is a private company, limited by shares, registered in Scotland, registration number SC367301, registration address 100-106 Park Street, Motherwell, ML1 1PF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2022 : 6).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £   £
At 01 January 2023 489,085    44,638    4,941    266,433    805,097 
Additions 24,000          24,000 
Disposals        
At 31 December 2023 513,085    44,638    4,941    266,433    829,097 
Depreciation
At 01 January 2023 314,156    30,720    4,072      348,948 
Charge for year 27,477    2,088    217      29,782 
On disposals        
At 31 December 2023 341,633    32,808    4,289      378,730 
Net book values
Closing balance as at 31 December 2023 171,452    11,830    652    266,433    450,367 
Opening balance as at 01 January 2023 174,929    13,918    319    266,433    455,599 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023 247,936    247,936 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 247,936    247,936 

3