Company Registration No. 07800147 (England and Wales)
SOUTH DOWNS FUNERAL SERVICE LIMITED
Unaudited accounts
for the year ended 31 March 2024
SOUTH DOWNS FUNERAL SERVICE LIMITED
Unaudited accounts
Contents
SOUTH DOWNS FUNERAL SERVICE LIMITED
Company Information
for the year ended 31 March 2024
Directors
PAUL LEE-BAPTY
MARTIN LEE-BAPTY
Company Number
07800147 (England and Wales)
Registered Office
THE OLD POST OFFICE HAMBLEDON ROAD
DENMEAD
WATERLOOVILLE
HAMPSHIRE
PO7 6NN
Accountants
LACEY & CO., ACCOUNTANTS
238A LONDON ROAD
WATERLOOVILLE
HAMPSHIRE
PO7 7HB
SOUTH DOWNS FUNERAL SERVICE LIMITED
Accountants' report
Accountants' report to the board of directors of SOUTH DOWNS FUNERAL SERVICE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SOUTH DOWNS FUNERAL SERVICE LIMITED for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SOUTH DOWNS FUNERAL SERVICE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOUTH DOWNS FUNERAL SERVICE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SOUTH DOWNS FUNERAL SERVICE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SOUTH DOWNS FUNERAL SERVICE LIMITED. You consider that SOUTH DOWNS FUNERAL SERVICE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
LACEY & CO., ACCOUNTANTS
238A LONDON ROAD
WATERLOOVILLE
HAMPSHIRE
PO7 7HB
23 October 2024
SOUTH DOWNS FUNERAL SERVICE LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
161,033
189,082
Cash at bank and in hand
318,441
228,235
Creditors: amounts falling due within one year
(72,685)
(52,921)
Net current assets
280,773
202,488
Net assets
441,806
391,570
Called up share capital
100,000
100,000
Profit and loss account
341,806
291,570
Shareholders' funds
441,806
391,570
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by
PAUL LEE-BAPTY
Director
Company Registration No. 07800147
SOUTH DOWNS FUNERAL SERVICE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
SOUTH DOWNS FUNERAL SERVICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07800147. The registered office is THE OLD POST OFFICE HAMBLEDON ROAD, DENMEAD, WATERLOOVILLE, HAMPSHIRE, PO7 6NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value, net of Vat and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & Buildings:-
Leasehold improvements at Clanfield premises= 20%
Leasehold improvements at Denmead premises = 5%
Leasehold improvements at Southsea premises = 10%
Land & buildings
Straight line on cost, applied over the years stated above.
Motor vehicles
Reducing balance method at 15%.
Fixtures & fittings
Straight line at 10% on cost, no residual value.
Computer equipment
Straight line at 33% on cost, no residual value.
Intangible fixed assets, goodwill, are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
SOUTH DOWNS FUNERAL SERVICE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
146,886
154,500
20,211
1,723
323,320
At 31 March 2024
146,886
154,500
20,211
1,723
323,320
At 1 April 2023
84,340
27,964
20,211
1,723
134,238
Charge for the year
9,069
18,980
-
-
28,049
At 31 March 2024
93,409
46,944
20,211
1,723
162,287
At 31 March 2024
53,477
107,556
-
-
161,033
At 31 March 2023
62,546
126,536
-
-
189,082
Amounts falling due within one year
Trade debtors
24,330
19,218
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
30,947
26,672
Taxes and social security
18,316
3,895
Loans from directors
12,967
13,694
SOUTH DOWNS FUNERAL SERVICE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 9 (2023: 10).