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REGISTERED NUMBER: 06658991 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

TIM HOLLOWAY FUNERAL SUPPORT LTD

TIM HOLLOWAY FUNERAL SUPPORT LTD (REGISTERED NUMBER: 06658991)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIM HOLLOWAY FUNERAL SUPPORT LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: T Holloway
J J Freeman





REGISTERED OFFICE: The Old Winery
24a Caring Road
Bearsted
Maidstone
Kent
ME14 4NJ





REGISTERED NUMBER: 06658991 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

TIM HOLLOWAY FUNERAL SUPPORT LTD (REGISTERED NUMBER: 06658991)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 53,134 35,996

CURRENT ASSETS
Debtors 6 101,252 103,841
Cash at bank 35,315 103,380
136,567 207,221
CREDITORS
Amounts falling due within one year 7 98,363 105,167
NET CURRENT ASSETS 38,204 102,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,338

138,050

CREDITORS
Amounts falling due after more than one
year

8

(9,996

)

(19,997

)

PROVISIONS FOR LIABILITIES (6,393 ) (2,883 )
NET ASSETS 74,949 115,170

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,849 115,070
SHAREHOLDERS' FUNDS 74,949 115,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

TIM HOLLOWAY FUNERAL SUPPORT LTD (REGISTERED NUMBER: 06658991)

Balance Sheet - continued
31 JULY 2024


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 21 January 2025 and were signed on its behalf by:





T Holloway - Director


TIM HOLLOWAY FUNERAL SUPPORT LTD (REGISTERED NUMBER: 06658991)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Tim Holloway Funeral Support 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention

Turnover
Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 25% on reducing balance and straight line over lease term
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance


TIM HOLLOWAY FUNERAL SUPPORT LTD (REGISTERED NUMBER: 06658991)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued
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 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.

Pension costs and other post-retirement benefits
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.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 52 ) .

TIM HOLLOWAY FUNERAL SUPPORT LTD (REGISTERED NUMBER: 06658991)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor
improvements fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 35,018 21,966 40,189 97,173
Additions 4,020 19,339 13,999 37,358
Disposals - (905 ) - (905 )
At 31 July 2024 39,038 40,400 54,188 133,626
DEPRECIATION
At 1 August 2023 16,363 12,132 32,682 61,177
Charge for year 7,503 7,277 5,376 20,156
Eliminated on disposal - (841 ) - (841 )
At 31 July 2024 23,866 18,568 38,058 80,492
NET BOOK VALUE
At 31 July 2024 15,172 21,832 16,130 53,134
At 31 July 2023 18,655 9,834 7,507 35,996

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,384 89,134
Other debtors 11,868 14,707
101,252 103,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,061 203
Taxation and social security 6,756 7,968
Other creditors 78,546 86,996
98,363 105,167

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,996 19,997

TIM HOLLOWAY FUNERAL SUPPORT LTD (REGISTERED NUMBER: 06658991)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £27,900 (2023 - £41,850).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
T Holloway
Balance outstanding at start of year (52,807 ) (71,029 )
Amounts advanced 57,929 66,770
Amounts repaid (46,197 ) (48,548 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (41,075 ) (52,807 )

The loan from the director to the company is unsecured and repayable on demand. Interest is charged at a rate of 12% per annum.