Registered number
05369650
Murray's Funeral Directors Limited
Filleted Accounts
3 December 2023
Murray's Funeral Directors Limited
Registered number: 05369650
Balance Sheet
as at 3 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 17,248 20,698
Tangible assets 4 389,399 479,590
406,647 500,288
Current assets
Stocks 14,248 -
Debtors 5 284,161 267,979
Cash at bank and in hand 29,971 24,674
328,380 292,653
Creditors: amounts falling due within one year 6 (283,215) (314,116)
Net current assets/(liabilities) 45,165 (21,463)
Total assets less current liabilities 451,812 478,825
Provisions for liabilities (23,695) (20,666)
Net assets 428,117 458,159
Capital and reserves
Called up share capital 10 10
Profit and loss account 428,107 458,149
Shareholders' funds 428,117 458,159
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Fraser
Director
Approved by the board on 28 November 2024
Murray's Funeral Directors Limited
Notes to the Accounts
for the period from 1 January 2023 to 3 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and Buildings 10% reducing balance
Plant and machinery 15% reducing balance
Motor vehicles 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 27 26
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 34,498
At 3 December 2023 34,498
Amortisation
At 1 January 2023 13,800
Provided during the period 3,450
At 3 December 2023 17,250
Net book value
At 3 December 2023 17,248
At 31 December 2022 20,698
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 217,800 156,259 659,476 1,033,535
Additions - 559 - 559
Disposals - (1,370) (45,766) (47,136)
At 3 December 2023 217,800 155,448 613,710 986,958
Depreciation
At 1 January 2023 135,741 85,519 332,685 553,945
Charge for the period 7,522 9,693 57,042 74,257
On disposals - (524) (30,119) (30,643)
At 3 December 2023 143,263 94,688 359,608 597,559
Net book value
At 3 December 2023 74,537 60,760 254,102 389,399
At 31 December 2022 82,059 70,740 326,791 479,590
5 Debtors 2023 2022
£ £
Trade debtors 101,941 236,820
Other debtors 182,220 31,159
284,161 267,979
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 34,028 42,897
Obligations under finance lease and hire purchase contracts 98,213 130,641
Trade creditors 135,940 86,497
Corporation tax - 29,313
Other taxes and social security costs 6,447 8,775
Other creditors 8,587 15,993
283,215 314,116
7 Other information
Murray's Funeral Directors Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cumberland Court
80 Mount Street
Nottingham
NG1 6HH
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