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REGISTERED NUMBER: 14037124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRIDEE WHYTE INDEPENDENT FUNERAL
SERVICES LTD

BRIDEE WHYTE INDEPENDENT FUNERAL
SERVICES LTD (REGISTERED NUMBER: 14037124)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRIDEE WHYTE INDEPENDENT FUNERAL
SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs D Payne
B Whyte





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





BUSINESS ADDRESS: 6-8 South Road
Haywards Heath
West Sussex
RH16 4LA





REGISTERED NUMBER: 14037124 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

BRIDEE WHYTE INDEPENDENT FUNERAL
SERVICES LTD (REGISTERED NUMBER: 14037124)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,894 87,594

CURRENT ASSETS
Debtors 5 33,749 29,942
Cash at bank 7,142 -
40,891 29,942
CREDITORS
Amounts falling due within one year 6 169,763 157,012
NET CURRENT LIABILITIES (128,872 ) (127,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(58,978

)

(39,476

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (59,078 ) (39,576 )
SHAREHOLDERS' FUNDS (58,978 ) (39,476 )

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.

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 24 October 2024 and were signed on its behalf by:





B Whyte - Director


BRIDEE WHYTE INDEPENDENT FUNERAL
SERVICES LTD (REGISTERED NUMBER: 14037124)

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


1. STATUTORY INFORMATION

Bridee Whyte Independent Funeral Services Ltd 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company directors.

Turnover
Turnover is income receivable from funeral services. This is recognised at the date the funeral takes place.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BRIDEE WHYTE INDEPENDENT FUNERAL
SERVICES LTD (REGISTERED NUMBER: 14037124)

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


4. TANGIBLE FIXED ASSETS
Short Plant & Furniture,fittings
leasehold machinery & equipment
£    £    £   
COST
At 1 April 2023 21,042 37,296 19,008
Additions - 562 2,098
At 31 March 2024 21,042 37,858 21,106
DEPRECIATION
At 1 April 2023 1,543 6,217 3,169
Charge for year 2,105 7,910 4,484
At 31 March 2024 3,648 14,127 7,653
NET BOOK VALUE
At 31 March 2024 17,394 23,731 13,453
At 31 March 2023 19,499 31,079 15,839

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 21,599 4,088 103,033
Additions - - 2,660
At 31 March 2024 21,599 4,088 105,693
DEPRECIATION
At 1 April 2023 3,600 910 15,439
Charge for year 4,499 1,362 20,360
At 31 March 2024 8,099 2,272 35,799
NET BOOK VALUE
At 31 March 2024 13,500 1,816 69,894
At 31 March 2023 17,999 3,178 87,594

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors - 98
Deferred tax asset 15,455 11,260
Prepayments 294 584
15,749 11,942

Amounts falling due after more than one year:
Other debtors 18,000 18,000

Aggregate amounts 33,749 29,942

Debtors include a rent deposit £18,000 (2023 : £18,000) due after more than one year.

BRIDEE WHYTE INDEPENDENT FUNERAL
SERVICES LTD (REGISTERED NUMBER: 14037124)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,097
Trade creditors 3,192 497
Other creditors 868 99
Directors' current accounts 163,903 151,716
Accrued expenses 1,800 2,603
169,763 157,012

Creditors include loans of £163,903 (2023 : £151,716) from the directors. The loans are repayable on demand and interest-free.

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 43,200 34,200
Between one and five years 172,800 172,800
In more than five years 147,600 190,800
363,600 397,800

8. DEFERRED TAX
£   
Balance at 1 April 2023 (11,260 )
Trading losses (1,232 )
Accelerated capital allowances (2,963 )
Balance at 31 March 2024 (15,455 )

9. RELATED PARTY DISCLOSURES

At the balance sheet date £163,903 (2023 : £151,716) was owed to the directors. The loans are unsecured, interest free and repayable on demand.