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REGISTERED NUMBER: 06270950 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 September 2023

for

Broadoak Funeral Services Limited

Broadoak Funeral Services Limited (Registered number: 06270950)






Contents of the Financial Statements
for the Year Ended 28 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broadoak Funeral Services Limited

Company Information
for the Year Ended 28 September 2023







DIRECTORS: J R J Evans
Miss D Hall





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





BUSINESS ADDRESS: 33 Greenleach Lane
Worsley
Manchester
M28 2RS





REGISTERED NUMBER: 06270950 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Broadoak Funeral Services Limited (Registered number: 06270950)

Balance Sheet
28 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 500 12,759
Tangible assets 5 297,244 110,140
297,744 122,899

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 36,740 58,938
Cash at bank and in hand 24,896 42,482
64,636 104,420
CREDITORS
Amounts falling due within one year 7 197,352 154,560
NET CURRENT LIABILITIES (132,716 ) (50,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,028

72,759

CREDITORS
Amounts falling due after more than one year 8 (144,531 ) (35,852 )

PROVISIONS FOR LIABILITIES (19,089 ) (19,252 )
NET ASSETS 1,408 17,655

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,288 17,535
SHAREHOLDERS' FUNDS 1,408 17,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2023.

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

Broadoak Funeral Services Limited (Registered number: 06270950)

Balance Sheet - continued
28 September 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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J R J Evans - Director


Broadoak Funeral Services Limited (Registered number: 06270950)

Notes to the Financial Statements
for the Year Ended 28 September 2023

1. STATUTORY INFORMATION

Broadoak Funeral Services 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 2013, is being amortised evenly over its 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.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and 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 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.


Broadoak Funeral Services Limited (Registered number: 06270950)

Notes to the Financial Statements - continued
for the Year Ended 28 September 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.

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.

Going concern
The company's financial statements for the period ended 28 September 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 September 2022
and 28 September 2023 160,124
AMORTISATION
At 29 September 2022 147,365
Charge for year 12,259
At 28 September 2023 159,624
NET BOOK VALUE
At 28 September 2023 500
At 28 September 2022 12,759

Broadoak Funeral Services Limited (Registered number: 06270950)

Notes to the Financial Statements - continued
for the Year Ended 28 September 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29 September 2022 24,159 121,593 178,240 5,553 329,545
Additions 48,033 18,013 183,455 - 249,501
At 28 September 2023 72,192 139,606 361,695 5,553 579,046
DEPRECIATION
At 29 September 2022 18,381 69,434 126,832 4,758 219,405
Charge for year 5,381 7,017 49,800 199 62,397
At 28 September 2023 23,762 76,451 176,632 4,957 281,802
NET BOOK VALUE
At 28 September 2023 48,430 63,155 185,063 596 297,244
At 28 September 2022 5,778 52,159 51,408 795 110,140

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 29 September 2022 153,240
Additions 183,455
At 28 September 2023 336,695
DEPRECIATION
At 29 September 2022 104,754
Charge for year 49,070
At 28 September 2023 153,824
NET BOOK VALUE
At 28 September 2023 182,871
At 28 September 2022 48,486

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,120 27,201
Other debtors 13,620 31,737
36,740 58,938

Broadoak Funeral Services Limited (Registered number: 06270950)

Notes to the Financial Statements - continued
for the Year Ended 28 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 40,678 21,394
Trade creditors 35,513 37,035
Taxation and social security 22,843 30,422
Other creditors 98,318 65,709
197,352 154,560

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 144,531 35,852

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 185,209 57,246

10. RELATED PARTY DISCLOSURES

Included within other creditors is directors' current account balance of £628 (2022: £628). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.