IRIS Accounts Production v24.2.0.383 07352566 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073525662022-12-31073525662023-12-31073525662023-01-012023-12-31073525662021-12-31073525662022-01-012022-12-31073525662022-12-3107352566ns15:EnglandWales2023-01-012023-12-3107352566ns14:PoundSterling2023-01-012023-12-3107352566ns10:Director12023-01-012023-12-3107352566ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107352566ns10:SmallEntities2023-01-012023-12-3107352566ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107352566ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107352566ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107352566ns10:FullAccounts2023-01-012023-12-310735256612023-01-012023-12-3107352566ns10:Director22023-01-012023-12-3107352566ns10:Director32023-01-012023-12-3107352566ns10:RegisteredOffice2023-01-012023-12-3107352566ns5:CurrentFinancialInstruments2023-12-3107352566ns5:CurrentFinancialInstruments2022-12-3107352566ns5:Non-currentFinancialInstruments2023-12-3107352566ns5:Non-currentFinancialInstruments2022-12-3107352566ns5:ShareCapital2023-12-3107352566ns5:ShareCapital2022-12-3107352566ns5:RetainedEarningsAccumulatedLosses2023-12-3107352566ns5:RetainedEarningsAccumulatedLosses2022-12-3107352566ns5:NetGoodwill2023-01-012023-12-3107352566ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107352566ns5:LeaseholdImprovements2023-01-012023-12-3107352566ns5:PlantMachinery2023-01-012023-12-3107352566ns5:MotorVehicles2023-01-012023-12-3107352566ns5:ComputerEquipment2023-01-012023-12-3107352566ns5:NetGoodwill2022-12-3107352566ns5:NetGoodwill2023-12-3107352566ns5:NetGoodwill2022-12-3107352566ns5:LeaseholdImprovements2022-12-3107352566ns5:PlantMachinery2022-12-3107352566ns5:MotorVehicles2022-12-3107352566ns5:ComputerEquipment2022-12-3107352566ns5:LeaseholdImprovements2023-12-3107352566ns5:PlantMachinery2023-12-3107352566ns5:MotorVehicles2023-12-3107352566ns5:ComputerEquipment2023-12-3107352566ns5:LeaseholdImprovements2022-12-3107352566ns5:PlantMachinery2022-12-3107352566ns5:MotorVehicles2022-12-3107352566ns5:ComputerEquipment2022-12-3107352566ns5:UnlistedNon-exchangeTradedns5:CostValuation2022-12-3107352566ns5:UnlistedNon-exchangeTraded2023-12-3107352566ns5:UnlistedNon-exchangeTraded2022-12-3107352566ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107352566ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07352566 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kings Hill Cremations Limited

Kings Hill Cremations Limited (Registered number: 07352566)






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


Kings Hill Cremations Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: O Shepherd
M V Shepherd
Mrs N A Shepherd





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 07352566 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Kings Hill Cremations Limited (Registered number: 07352566)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,524 3,330
Tangible assets 5 186,976 133,706
Investments 6 110 110
189,610 137,146

CURRENT ASSETS
Stocks 8,022 22,595
Debtors 7 108,221 49,926
Cash at bank and in hand 369,078 428,089
485,321 500,610
CREDITORS
Amounts falling due within one year 8 180,239 96,224
NET CURRENT ASSETS 305,082 404,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,692

541,532

CREDITORS
Amounts falling due after more than one year 9 (25,336 ) (47,822 )

PROVISIONS FOR LIABILITIES (32,065 ) (33,427 )
NET ASSETS 437,291 460,283

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 437,191 460,183
437,291 460,283

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.

Kings Hill Cremations Limited (Registered number: 07352566)

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 16 September 2024 and were signed on its behalf by:





O Shepherd - Director


Kings Hill Cremations Limited (Registered number: 07352566)

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

1. STATUTORY INFORMATION

Kings Hill Cremations 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 (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2011, is being amortised evenly over its estimated useful life of twenty five 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 15% 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 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.


Kings Hill Cremations Limited (Registered number: 07352566)

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
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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20,160
AMORTISATION
At 1 January 2023 16,830
Amortisation for year 806
At 31 December 2023 17,636
NET BOOK VALUE
At 31 December 2023 2,524
At 31 December 2022 3,330

Kings Hill Cremations Limited (Registered number: 07352566)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 - 171,275 133,259 26,868 331,402
Additions 16,925 15,963 59,859 24,204 116,951
At 31 December 2023 16,925 187,238 193,118 51,072 448,353
DEPRECIATION
At 1 January 2023 - 105,990 76,408 15,298 197,696
Charge for year 2,539 12,187 43,589 5,366 63,681
At 31 December 2023 2,539 118,177 119,997 20,664 261,377
NET BOOK VALUE
At 31 December 2023 14,386 69,061 73,121 30,408 186,976
At 31 December 2022 - 65,285 56,851 11,570 133,706

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023
and 31 December 2023 110
NET BOOK VALUE
At 31 December 2023 110
At 31 December 2022 110

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,716 385
Amounts owed by group undertakings 91,022 39,437
Other debtors 15,483 10,104
108,221 49,926

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,040 8,100
Hire purchase contracts 14,758 3,766
Trade creditors 20,630 18,123
Amounts owed to group undertakings 51,600 -
Taxation and social security 76,827 54,973
Other creditors 8,384 11,262
180,239 96,224

Kings Hill Cremations Limited (Registered number: 07352566)

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 11,293 19,233
Hire purchase contracts 14,043 28,589
25,336 47,822

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 28,801 32,355

Hire purchase liabilities are secured against the assets to which they relate.

11. ULTIMATE CONTROLLING PARTY

The controlling party is O Shepherd.