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REGISTERED NUMBER: 10418314 (England and Wales)















Crescent Funeral Services Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Crescent Funeral Services Limited (Registered number: 10418314)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Crescent Funeral Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S A Helliar-Moore
R W Helliar-Moore



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 10418314 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
31 Fore Street
Taunton
Somerset
TA1 1HN

Crescent Funeral Services Limited (Registered number: 10418314)

Abridged Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 68,451 72,254
Tangible assets 6 156,669 136,959
225,120 209,213

CURRENT ASSETS
Stocks 9,605 8,245
Debtors 199,098 125,814
Cash at bank and in hand 31,273 36,932
239,976 170,991
CREDITORS
Amounts falling due within one year 309,118 197,402
NET CURRENT LIABILITIES (69,142 ) (26,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,978

182,802

CREDITORS
Amounts falling due after more than one year 7 114,303 140,671
NET ASSETS 41,675 42,131

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 39,800 39,800
Retained earnings 875 1,331
SHAREHOLDERS' FUNDS 41,675 42,131

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.

Crescent Funeral Services Limited (Registered number: 10418314)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





S A Helliar-Moore - Director


Crescent Funeral Services Limited (Registered number: 10418314)

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

1. STATUTORY INFORMATION

Crescent 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. 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 33% on reducing balance, 25% on reducing balance, 15% on reducing balance, 10% on reducing balance, not provided and over life of lease

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 statement of financial position date.


Crescent Funeral Services Limited (Registered number: 10418314)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 76,057
AMORTISATION
At 1 January 2023 3,803
Amortisation for year 3,803
At 31 December 2023 7,606
NET BOOK VALUE

At 31 December 2023 68,451
At 31 December 2022 72,254

Crescent Funeral Services Limited (Registered number: 10418314)

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

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 213,129
Additions 41,143
Disposals (4,600 )
At 31 December 2023 249,672
DEPRECIATION
At 1 January 2023 76,170
Charge for year 17,983
Eliminated on disposal (1,150 )
At 31 December 2023 93,003
NET BOOK VALUE
At 31 December 2023 156,669
At 31 December 2022 136,959

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 January 2023 21,108
Additions 29,748
Transfer to ownership (2,470 )
At 31 December 2023 48,386
DEPRECIATION
At 1 January 2023 5,248
Charge for year 3,624
Transfer to ownership (2,024 )
At 31 December 2023 6,848
NET BOOK VALUE
At 31 December 2023 41,538
At 31 December 2022 15,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Bank loans 9,444 16,111

Crescent Funeral Services Limited (Registered number: 10418314)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Net obligations repayable:
Within one year 5,966 3,257 2,449 3,111
Between one and five years 16,267 1,086 1,208 2,525
22,233 4,343 3,657 5,636

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 9,481 18,661
Between one and five years - 9,481
9,481 28,142

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts and finance leases 25,890 9,979
Other loans 83,938 109,688
Bank loans 42,778 49,444
152,606 169,111

Included within other loans the LDF loan is secured via a floating charge over the company's assets. The Funding Circle loan is a Recovery Loan Scheme Loan which is backed by the government.

The bank loan is a government backed bounce back loan.

Finance leases and hire purchase agreements are secured against the asset to which they relate.

The Flexi-Pay balance of £3,159 (2022: £3,663) included within trade creditors is secured by an 'all monies' personal guarantee.

Crescent Funeral Services Limited (Registered number: 10418314)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
S A Helliar-Moore
Balance outstanding at start of year 31,053 47,831
Amounts repaid (20,500 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,566 31,053

R W Helliar-Moore
Balance outstanding at start of year 30,871 47,503
Amounts repaid (20,500 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,391 30,871