IRIS Accounts Production v24.2.0.383 07324261 Board of Directors Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073242612023-03-31073242612024-03-31073242612023-04-012024-03-31073242612022-03-31073242612022-04-012023-03-31073242612023-03-3107324261ns15:EnglandWales2023-04-012024-03-3107324261ns14:PoundSterling2023-04-012024-03-3107324261ns10:Director12023-04-012024-03-3107324261ns10:Director22023-04-012024-03-3107324261ns10:Director32023-04-012024-03-3107324261ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107324261ns10:SmallEntities2023-04-012024-03-3107324261ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107324261ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107324261ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107324261ns10:FullAccounts2023-04-012024-03-3107324261ns10:OrdinaryShareClass12023-04-012024-03-3107324261ns10:RegisteredOffice2023-04-012024-03-3107324261ns5:CurrentFinancialInstruments2024-03-3107324261ns5:CurrentFinancialInstruments2023-03-3107324261ns5:Non-currentFinancialInstruments2024-03-3107324261ns5:Non-currentFinancialInstruments2023-03-3107324261ns5:ShareCapital2024-03-3107324261ns5:ShareCapital2023-03-3107324261ns5:RetainedEarningsAccumulatedLosses2024-03-3107324261ns5:RetainedEarningsAccumulatedLosses2023-03-3107324261ns5:FurnitureFittings2023-04-012024-03-3107324261ns5:MotorVehicles2023-04-012024-03-3107324261ns5:ComputerEquipment2023-04-012024-03-3107324261ns5:LandBuildings2023-03-3107324261ns5:LandBuildingsns5:ShortLeaseholdAssets2023-03-3107324261ns5:FurnitureFittings2023-03-3107324261ns5:LandBuildings2023-04-012024-03-3107324261ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-012024-03-3107324261ns5:LandBuildings2024-03-3107324261ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3107324261ns5:FurnitureFittings2024-03-3107324261ns5:LandBuildings2023-03-3107324261ns5:LandBuildingsns5:ShortLeaseholdAssets2023-03-3107324261ns5:FurnitureFittings2023-03-3107324261ns5:MotorVehicles2023-03-3107324261ns5:ComputerEquipment2023-03-3107324261ns5:MotorVehicles2024-03-3107324261ns5:ComputerEquipment2024-03-3107324261ns5:MotorVehicles2023-03-3107324261ns5:ComputerEquipment2023-03-3107324261ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107324261ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107324261ns10:OrdinaryShareClass12024-03-3107324261ns5:RetainedEarningsAccumulatedLosses2023-03-3107324261ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 07324261 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOWLES FUNERAL SERVICES LIMITED

FOWLES FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 07324261)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOWLES FUNERAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G Fowles
Mrs C J Fowles
D J Fowles





REGISTERED OFFICE: 133-135 Delamere Street
Winsford
Cheshire
CW7 2LY





REGISTERED NUMBER: 07324261 (England and Wales)





ACCOUNTANTS: Accountancy Services (Cheshire) Limited
Unit 2 Mallard Court
Mallard Way
Crewe Business Park
Crewe
Cheshire
CW1 6ZQ

FOWLES FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 07324261)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 566,085 424,906

CURRENT ASSETS
Stocks 5 13,100 12,500
Debtors 6 57,760 105,580
Cash at bank and in hand 1,079,196 1,001,471
1,150,056 1,119,551
CREDITORS
Amounts falling due within one year 7 96,859 88,419
NET CURRENT ASSETS 1,053,197 1,031,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,619,282

1,456,038

CREDITORS
Amounts falling due after more than
one year

8

45,750

67,000
NET ASSETS 1,573,532 1,389,038

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,573,432 1,388,938
SHAREHOLDERS' FUNDS 1,573,532 1,389,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FOWLES FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 07324261)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




G Fowles - Director Mrs C J Fowles - Director




D J Fowles - Director


FOWLES FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 07324261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Fowles 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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 balance sheet date.


FOWLES FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 07324261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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
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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Chapel of and
property Rest fittings
£    £    £   
COST
At 1 April 2023 175,026 32,419 50,848
Additions 188,324 - 5,080
At 31 March 2024 363,350 32,419 55,928
DEPRECIATION
At 1 April 2023 - - 29,976
Charge for year - - 2,994
At 31 March 2024 - - 32,970
NET BOOK VALUE
At 31 March 2024 363,350 32,419 22,958
At 31 March 2023 175,026 32,419 20,872

FOWLES FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 07324261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 380,615 2,074 640,982
Additions - - 193,404
At 31 March 2024 380,615 2,074 834,386
DEPRECIATION
At 1 April 2023 185,011 1,089 216,076
Charge for year 48,888 343 52,225
At 31 March 2024 233,899 1,432 268,301
NET BOOK VALUE
At 31 March 2024 146,716 642 566,085
At 31 March 2023 195,604 985 424,906

5. STOCKS
2024 2023
£    £   
Stocks 13,100 12,500

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 33,741 81,561
Prepayments 19 19
33,760 81,580

Amounts falling due after more than one year:
Amounts owed by associates 24,000 24,000

Aggregate amounts 57,760 105,580

FOWLES FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 07324261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,437 4,705
Hire purchase contracts - 4,167
Trade creditors 7,465 5,571
Tax 77,055 69,495
Directors' current accounts 638 552
Accrued expenses 10,264 3,929
96,859 88,419

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Directors' loan accounts 45,750 67,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 1,388,938
Profit for the year 186,494
Dividends (2,000 )
At 31 March 2024 1,573,432