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REGISTERED NUMBER: 10734263 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Gavin J Reynolds & Son Family
Funeral Directors Limited

Gavin J Reynolds & Son Family
Funeral Directors Limited (Registered number: 10734263)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gavin J Reynolds & Son Family
Funeral Directors Limited

Company Information
for the year ended 30 April 2024







DIRECTOR: G J Reynolds





REGISTERED OFFICE: 78 Sea Road
Fulwell
Sunderland
SR6 9DB





REGISTERED NUMBER: 10734263 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Gavin J Reynolds & Son Family
Funeral Directors Limited (Registered number: 10734263)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,184 64,804

CURRENT ASSETS
Debtors 5 5,486 8,513
Cash at bank and in hand 59,374 56,245
64,860 64,758
CREDITORS
Amounts falling due within one year 6 38,181 34,480
NET CURRENT ASSETS 26,679 30,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,863

95,082

CREDITORS
Amounts falling due after more than one
year

7

(9,350

)

(14,295

)

PROVISIONS FOR LIABILITIES (9,879 ) (9,939 )
NET ASSETS 64,634 70,848

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 64,633 70,847
SHAREHOLDERS' FUNDS 64,634 70,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gavin J Reynolds & Son Family
Funeral Directors Limited (Registered number: 10734263)

Statement of Financial Position - continued
30 April 2024


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 director and authorised for issue on 18 September 2024 and were signed by:





G J Reynolds - Director


Gavin J Reynolds & Son Family
Funeral Directors Limited (Registered number: 10734263)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Gavin J Reynolds & Son Family Funeral Directors 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - not provided
Equipment - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

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.

Gavin J Reynolds & Son Family
Funeral Directors Limited (Registered number: 10734263)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

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 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 80,825
Additions 1,328
At 30 April 2024 82,153
DEPRECIATION
At 1 May 2023 16,021
Charge for year 8,948
At 30 April 2024 24,969
NET BOOK VALUE
At 30 April 2024 57,184
At 30 April 2023 64,804

Gavin J Reynolds & Son Family
Funeral Directors Limited (Registered number: 10734263)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 31,294
DEPRECIATION
At 1 May 2023 6,342
Charge for year 6,238
At 30 April 2024 12,580
NET BOOK VALUE
At 30 April 2024 18,714
At 30 April 2023 24,952

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,358 5,342
Other debtors 3,128 3,171
5,486 8,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,656 1,948
Hire purchase contracts 3,300 3,300
Trade creditors 8,837 11,230
Taxation and social security 20,622 15,102
Other creditors 3,766 2,900
38,181 34,480

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1,645
Hire purchase contracts 9,350 12,650
9,350 14,295