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Company Registration No. 03947809 (England and Wales)
Ian Mann & Son Funeral Directors Limited Unaudited accounts for the year ended 31 March 2024
Ian Mann & Son Funeral Directors Limited Unaudited accounts Contents
Page
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Ian Mann & Son Funeral Directors Limited Company Information for the year ended 31 March 2024
Directors
Mr I Mann Mr R Mann
Secretary
Mr J Cloughley
Company Number
03947809 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Ian Mann & Son Funeral Directors Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,030 
81,466 
Investment property
432,829 
432,829 
504,859 
514,295 
Current assets
Debtors
41,203 
42,622 
Cash at bank and in hand
69,399 
70,256 
110,602 
112,878 
Creditors: amounts falling due within one year
(99,274)
(96,517)
Net current assets
11,328 
16,361 
Total assets less current liabilities
516,187 
530,656 
Creditors: amounts falling due after more than one year
(226,236)
(246,276)
Provisions for liabilities
Deferred tax
(2,032)
(2,159)
Net assets
287,919 
282,221 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
287,819 
282,121 
Shareholders' funds
287,919 
282,221 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by
Mr I Mann Director Company Registration No. 03947809
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Ian Mann & Son Funeral Directors Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ian Mann & Son Funeral Directors Limited is a private company, limited by shares, registered in England and Wales, registration number 03947809. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per annum on a reducing balance basis
Motor vehicles
25% per annum on a reducing balance basis
Fixtures & fittings
10% to 15% per annum on a reducing balance basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Ian Mann & Son Funeral Directors Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
65,891 
209,320 
110,194 
385,405 
Disposals
- 
(17,065)
- 
(17,065)
At 31 March 2024
65,891 
192,255 
110,194 
368,340 
Depreciation
At 1 April 2023
34,176 
199,553 
70,210 
303,939 
Charge for the year
1,586 
2,261 
4,868 
8,715 
On disposals
- 
(16,344)
- 
(16,344)
At 31 March 2024
35,762 
185,470 
75,078 
296,310 
Net book value
At 31 March 2024
30,129 
6,785 
35,116 
72,030 
At 31 March 2023
31,715 
9,767 
39,984 
81,466 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
432,829 
At 31 March 2024
432,829 
The investment property relates to 4 Woodford Road, Bramhall, Cheshire SK7 1JJ
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,078 
40,497 
Accrued income and prepayments
2,125 
2,125 
41,203 
42,622 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,041 
19,262 
Trade creditors
25,939 
18,257 
Taxes and social security
49,067 
35,509 
Other creditors
1,171 
20,519 
Loans from directors
62 
36 
Accruals
2,994 
2,934 
99,274 
96,517 
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Ian Mann & Son Funeral Directors Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
226,236 
246,276 
Aggregate of amounts that fall due for payment after five years
166,858 
179,169 
The Bank loan is secured by a mortgage over the property at 4 Woodford Road, Bramhall, Cheshire SK7 1JJ
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
40 Ordinary shares of £1 each
40 
40 
15 A Ordinary Shares of £1 each
15 
15 
15 B Ordinary Shares of £1 each
15 
15 
10 C Ordinary Shares of £1 each
10 
10 
15 D Ordinary Shares of £1 each
15 
15 
5 E Ordinary Shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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