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Registration number: 09426081

Chamberlain Funerals Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Chamberlain Funerals Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Chamberlain Funerals Limited

Company Information

Directors

S J Williams

S J Tranter

W A Willis

Registered office

Argyll House
Dawley Bank
Telford
Shropshire
TF4 2BD

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Chamberlain Funerals Limited

(Registration number: 09426081)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

32,977

63,075

Tangible assets

5

246,884

256,141

 

279,861

319,216

Current assets

 

Stocks

6

1,500

1,500

Debtors

7

69,148

14,814

Cash at bank and in hand

 

72,227

92,695

 

142,875

109,009

Creditors: Amounts falling due within one year

8

(80,571)

(74,684)

Net current assets

 

62,304

34,325

Total assets less current liabilities

 

342,165

353,541

Creditors: Amounts falling due after more than one year

8

(80,623)

(83,950)

Provisions for liabilities

(5,589)

(7,225)

Net assets

 

255,953

262,366

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

255,853

262,266

Shareholders' funds

 

255,953

262,366

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Chamberlain Funerals Limited

(Registration number: 09426081)
Balance Sheet as at 29 February 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 


 

S J Williams

Director

 

Chamberlain Funerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Argyll House
Dawley Bank
Telford
Shropshire
TF4 2BD

The principal place of business is:
63 Elmore Green Road
Bloxwich
Walsall
West Midlands
WS3 2HN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Chamberlain Funerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Freehold land and buildings have not been depreciated as, in the view of the directors, their recoverable value is in excess of the carrying value in the financial statements. These assets are regularly reviewed for impairment.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Chamberlain Funerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2023

111,609

111,609

At 29 February 2024

111,609

111,609

Amortisation

At 1 March 2023

48,534

48,534

Amortisation charge

30,098

30,098

At 29 February 2024

78,632

78,632

Carrying amount

At 29 February 2024

32,977

32,977

At 28 February 2023

63,075

63,075

 

Chamberlain Funerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

221,098

16,004

59,961

297,063

Additions

-

-

1,689

1,689

At 29 February 2024

221,098

16,004

61,650

298,752

Depreciation

At 1 March 2023

1,495

12,285

27,142

40,922

Charge for the year

1,495

930

8,521

10,946

At 29 February 2024

2,990

13,215

35,663

51,868

Carrying amount

At 29 February 2024

218,108

2,789

25,987

246,884

At 28 February 2023

219,603

3,719

32,819

256,141

Included within the net book value of land and buildings above is £212,130 (2023 - £212,130) in respect of freehold land and buildings and £5,978 (2023 - £7,473) in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

1,500

1,500

7

Debtors

Current

2024
£

2023
£

Trade debtors

13,192

9,736

Prepayments

2,159

1,281

Other debtors

53,797

3,797

 

69,148

14,814

 

Chamberlain Funerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

5,363

6,134

Trade creditors

 

52,226

51,361

Taxation and social security

 

7,642

5,446

Accruals and deferred income

 

15,340

11,743

 

80,571

74,684

Creditors include bank loans and overdrafts which are secured on a fixed and floating charge over the assets of the company of £5,363(2023 - £6,134).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

80,623

83,950

Creditors include bank loans and overdrafts which are secured on a fixed and floating charge over the assets of the company of £80,623 (2023 - £83,950).

Creditors include bank loans repayable by instalments of £53,034 (2023 - £59,168) due after more than five years.

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Chamberlain Funerals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

80,623

83,950

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,363

6,134

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £14,279 (2023 - £19,039).

12

Related party transactions

At 29 February 2024 the company had an outstanding loan due from a related party totalling £50,000, which is included in Other debtors.

13

Parent and ultimate parent undertaking

C J Williams Investments LLP has a 60% holding in the issued share capital of the company.

 The company's immediate parent is C J Williams Investments LLP, incorporated in England and Wales.