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REGISTERED NUMBER: SC581427 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

THOMAS SNEDDON FUNERAL DIRECTORS LTD

THOMAS SNEDDON FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC581427)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


THOMAS SNEDDON FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC581427)

ABRIDGED BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,800 11,000
Tangible assets 5 84,090 105,113
92,890 116,113

CURRENT ASSETS
Debtors 26,162 18,094
Cash at bank 179,157 200,283
205,319 218,377
CREDITORS
Amounts falling due within one year 56,852 75,264
NET CURRENT ASSETS 148,467 143,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,357

259,226

CREDITORS
Amounts falling due after more than one
year

(18,872

)

(26,960

)

PROVISIONS FOR LIABILITIES (10,564 ) (12,955 )
NET ASSETS 211,921 219,311

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 211,917 219,307
211,921 219,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

THOMAS SNEDDON FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC581427)

ABRIDGED BALANCE SHEET - continued
30 November 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 Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 August 2024 and were signed on its behalf by:





Mrs M Sneddon - Director


THOMAS SNEDDON FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC581427)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Thomas Sneddon Funeral Directors Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC581427

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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.
Motor vehicles - 20% on reducing balance

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.

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.

THOMAS SNEDDON FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC581427)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 22,000
AMORTISATION
At 1 December 2022 11,000
Amortisation for year 2,200
At 30 November 2023 13,200
NET BOOK VALUE

At 30 November 2023 8,800
At 30 November 2022 11,000

THOMAS SNEDDON FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC581427)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 192,834
DEPRECIATION
At 1 December 2022 87,721
Charge for year 21,023
At 30 November 2023 108,744
NET BOOK VALUE
At 30 November 2023 84,090
At 30 November 2022 105,113

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

Totals
£   
COST
At 1 December 2022
and 30 November 2023 86,953
DEPRECIATION
At 1 December 2022 27,700
Charge for year 11,851
At 30 November 2023 39,551
NET BOOK VALUE
At 30 November 2023 47,402
At 30 November 2022 59,253

6. ULTIMATE CONTROLLING PARTY

The company is owned and controlled by the directors.