Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Andrew John Simon Douch 01/11/2024 Judith Mary Douch 30/09/2002 Nicholas Peter Douch 04/10/2010 Jonathan Stretch 01/11/2014 24 January 2025 The principal activity of the Company during the financial year was funeral undertaking 00815253 2024-10-31 00815253 bus:Director1 2024-10-31 00815253 bus:Director2 2024-10-31 00815253 bus:Director3 2024-10-31 00815253 bus:Director4 2024-10-31 00815253 2023-10-31 00815253 core:CurrentFinancialInstruments 2024-10-31 00815253 core:CurrentFinancialInstruments 2023-10-31 00815253 core:Non-currentFinancialInstruments 2024-10-31 00815253 core:Non-currentFinancialInstruments 2023-10-31 00815253 core:ShareCapital 2024-10-31 00815253 core:ShareCapital 2023-10-31 00815253 core:RevaluationReserve 2024-10-31 00815253 core:RevaluationReserve 2023-10-31 00815253 core:RetainedEarningsAccumulatedLosses 2024-10-31 00815253 core:RetainedEarningsAccumulatedLosses 2023-10-31 00815253 core:Goodwill 2023-10-31 00815253 core:Goodwill 2024-10-31 00815253 core:LandBuildings 2023-10-31 00815253 core:LeaseholdImprovements 2023-10-31 00815253 core:PlantMachinery 2023-10-31 00815253 core:Vehicles 2023-10-31 00815253 core:FurnitureFittings 2023-10-31 00815253 core:LandBuildings 2024-10-31 00815253 core:LeaseholdImprovements 2024-10-31 00815253 core:PlantMachinery 2024-10-31 00815253 core:Vehicles 2024-10-31 00815253 core:FurnitureFittings 2024-10-31 00815253 2023-11-01 2024-10-31 00815253 bus:FilletedAccounts 2023-11-01 2024-10-31 00815253 bus:SmallEntities 2023-11-01 2024-10-31 00815253 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 00815253 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 00815253 bus:Director1 2023-11-01 2024-10-31 00815253 bus:Director2 2023-11-01 2024-10-31 00815253 bus:Director3 2023-11-01 2024-10-31 00815253 bus:Director4 2023-11-01 2024-10-31 00815253 core:Goodwill core:TopRangeValue 2023-11-01 2024-10-31 00815253 core:Goodwill 2023-11-01 2024-10-31 00815253 core:PlantMachinery 2023-11-01 2024-10-31 00815253 core:Vehicles 2023-11-01 2024-10-31 00815253 core:FurnitureFittings 2023-11-01 2024-10-31 00815253 2022-11-01 2023-10-31 00815253 core:LandBuildings 2023-11-01 2024-10-31 00815253 core:LeaseholdImprovements 2023-11-01 2024-10-31 00815253 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 00815253 (England and Wales)

F.C. DOUCH AND SON (FUNERALS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

F.C. DOUCH AND SON (FUNERALS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

F.C. DOUCH AND SON (FUNERALS) LIMITED

BALANCE SHEET

As at 31 October 2024
F.C. DOUCH AND SON (FUNERALS) LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 4,466,822 4,692,833
4,466,822 4,692,833
Current assets
Stocks 5 28,772 51,475
Debtors 6 170,319 230,456
Cash at bank and in hand 2,236 2,239
201,327 284,170
Creditors: amounts falling due within one year 7 ( 513,258) ( 941,843)
Net current liabilities (311,931) (657,673)
Total assets less current liabilities 4,154,891 4,035,160
Creditors: amounts falling due after more than one year 8 ( 1,631,015) ( 1,682,651)
Provision for liabilities ( 80,955) ( 88,519)
Net assets 2,442,921 2,263,990
Capital and reserves
Called-up share capital 1,800 1,800
Revaluation reserve 324,837 220,000
Profit and loss account 2,116,284 2,042,190
Total shareholder's funds 2,442,921 2,263,990

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of F.C. Douch and Son (Funerals) Limited (registered number: 00815253) were approved and authorised for issue by the Board of Directors on 24 January 2025. They were signed on its behalf by:

Nicholas Peter Douch
Director
F.C. DOUCH AND SON (FUNERALS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
F.C. DOUCH AND SON (FUNERALS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

F.C. Douch and Son (Funerals) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Leigh Road, Wimborne, BH21 1AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Leasehold improvements not depreciated
Plant and machinery 15 % reducing balance
Vehicles 15 - 20 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 47 53

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 367,523 367,523
At 31 October 2024 367,523 367,523
Accumulated amortisation
At 01 November 2023 367,523 367,523
At 31 October 2024 367,523 367,523
Net book value
At 31 October 2024 0 0
At 31 October 2023 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £ £
Cost
At 01 November 2023 3,796,384 322,418 264,431 1,265,253 76,702 5,725,188
Additions 41,707 0 0 7,200 0 48,907
Revaluations 104,837 0 0 0 0 104,837
Disposals ( 210,000) 0 0 ( 309,277) 0 ( 519,277)
At 31 October 2024 3,732,928 322,418 264,431 963,176 76,702 5,359,655
Accumulated depreciation
At 01 November 2023 0 28,064 144,741 793,351 66,199 1,032,355
Charge for the financial year 0 0 17,954 73,014 1,575 92,543
Disposals 0 0 0 ( 232,065) 0 ( 232,065)
At 31 October 2024 0 28,064 162,695 634,300 67,774 892,833
Net book value
At 31 October 2024 3,732,928 294,354 101,736 328,876 8,928 4,466,822
At 31 October 2023 3,796,384 294,354 119,690 471,902 10,503 4,692,833

5. Stocks

2024 2023
£ £
Stocks 28,772 51,475

6. Debtors

2024 2023
£ £
Trade debtors 167,538 190,018
Other debtors 2,781 40,438
170,319 230,456

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 166,658 150,124
Trade creditors 91,739 375,165
Other taxation and social security 45,770 24,903
Obligations under finance leases and hire purchase contracts 53,603 90,526
Other creditors 155,488 301,125
513,258 941,843

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 1,605,155 1,603,187
Obligations under finance leases and hire purchase contracts 25,860 79,464
1,631,015 1,682,651

The bank loans are secured on freehold properties of the Company with a carrying value of £3,732,928 (2023: £3,796,384).

9. Ultimate controlling party

Parent Company:

Douch Family Holdings Ltd
7 Leigh Road, Wimborne, Dorset, United Kingdom, BH21 1AB