Acorah Software Products - Accounts Production 15.0.650 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05989970 Mr Richard Ward Mr Richard Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05989970 2023-03-31 05989970 2024-03-31 05989970 2023-04-01 2024-03-31 05989970 frs-core:CurrentFinancialInstruments 2024-03-31 05989970 frs-core:Non-currentFinancialInstruments 2024-03-31 05989970 frs-core:FurnitureFittings 2024-03-31 05989970 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05989970 frs-core:FurnitureFittings 2023-03-31 05989970 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05989970 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 05989970 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 05989970 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 05989970 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05989970 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 05989970 frs-core:MotorVehicles 2024-03-31 05989970 frs-core:MotorVehicles 2023-04-01 2024-03-31 05989970 frs-core:MotorVehicles 2023-03-31 05989970 frs-core:PlantMachinery 2024-03-31 05989970 frs-core:PlantMachinery 2023-04-01 2024-03-31 05989970 frs-core:PlantMachinery 2023-03-31 05989970 frs-core:ShareCapital 2024-03-31 05989970 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05989970 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05989970 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05989970 frs-bus:SmallEntities 2023-04-01 2024-03-31 05989970 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05989970 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05989970 frs-bus:Director1 2023-04-01 2024-03-31 05989970 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05989970 frs-countries:EnglandWales 2023-04-01 2024-03-31 05989970 2022-03-31 05989970 2023-03-31 05989970 2022-04-01 2023-03-31 05989970 frs-core:CurrentFinancialInstruments 2023-03-31 05989970 frs-core:Non-currentFinancialInstruments 2023-03-31 05989970 frs-core:ShareCapital 2023-03-31 05989970 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05989970
Richard Ward Funeral Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05989970
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 484,755 490,605
484,755 490,605
CURRENT ASSETS
Debtors 5 52,247 72,147
Cash at bank and in hand 49,325 17,065
101,572 89,212
Creditors: Amounts Falling Due Within One Year 6 (182,785 ) (156,554 )
NET CURRENT ASSETS (LIABILITIES) (81,213 ) (67,342 )
TOTAL ASSETS LESS CURRENT LIABILITIES 403,542 423,263
Creditors: Amounts Falling Due After More Than One Year 7 (258,437 ) (310,740 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,368 ) (3,671 )
NET ASSETS 141,737 108,852
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 141,735 108,850
SHAREHOLDERS' FUNDS 141,737 108,852
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Ward
Director
13 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Richard Ward Funeral Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05989970 . The registered office is Unit 8 The Courtyard, Gaulby Lane, Stoughton, Leicester, LE2 2FL.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Leasehold No Depreciation
Plant & Machinery 10% on cost
Motor Vehicles 15% on cost
Fixtures & Fittings 20% on cost
The director has reviewed and updated the depreciated policy for motor vehicles from 25% to 15% to reflect the estimated useful life.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those heldunder hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leasesare 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 ofthe future payments is treated as a liability.
2.5. Financial Instruments
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortisation cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at thepresent value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 12)
14 12
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2023 308,587 162,697 26,710 129,316
Additions - - 617 -
As at 31 March 2024 308,587 162,697 27,327 129,316
Depreciation
As at 1 April 2023 - - 18,164 121,624
Provided during the period - - 1,263 4,054
As at 31 March 2024 - - 19,427 125,678
Net Book Value
As at 31 March 2024 308,587 162,697 7,900 3,638
As at 1 April 2023 308,587 162,697 8,546 7,692
Fixtures & Fittings Total
£ £
Cost
As at 1 April 2023 60,213 687,523
Additions 2,150 2,767
As at 31 March 2024 62,363 690,290
Depreciation
As at 1 April 2023 57,130 196,918
Provided during the period 3,300 8,617
As at 31 March 2024 60,430 205,535
Net Book Value
As at 31 March 2024 1,933 484,755
As at 1 April 2023 3,083 490,605
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,825 33,016
Other debtors 24,422 39,131
52,247 72,147
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 481
Bank loans and overdrafts 53,699 39,852
Other creditors 103,317 106,910
Taxation and social security 25,769 9,311
182,785 156,554
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 258,437 310,740
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5