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REGISTERED NUMBER: 05758249 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

A.J. LLOYD FUNERAL DIRECTORS LIMITED

A.J. LLOYD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05758249)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.J. LLOYD FUNERAL DIRECTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs K Lloyd
Mr D Lloyd





REGISTERED OFFICE: The Old Barn
656 Allesley Old Road
Coventry
West Midlands
CV5 8GB





REGISTERED NUMBER: 05758249 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

A.J. LLOYD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05758249)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 188,663 234,230
188,663 234,230

CURRENT ASSETS
Stocks 1,820 1,975
Debtors 6 65,380 67,266
Cash at bank 63,942 38,134
131,142 107,375
CREDITORS
Amounts falling due within one year 7 119,274 147,389
NET CURRENT ASSETS/(LIABILITIES) 11,868 (40,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,531

194,216

CREDITORS
Amounts falling due after more than one
year

8

(55,219

)

(78,554

)

PROVISIONS FOR LIABILITIES (40,448 ) (42,050 )
NET ASSETS 104,864 73,612

CAPITAL AND RESERVES
Called up and paid share capital 95 95
Retained earnings 104,769 73,517
104,864 73,612

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

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

A.J. LLOYD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05758249)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2024 and were signed on its behalf by:





Mr D Lloyd - Director


A.J. LLOYD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05758249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

A.J. Lloyd Funeral Directors Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the provision of services in the ordinary course of the company's activities and is measured when the service has been provided. Turnover is measured at the fair value of the consideration received or receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 12.5% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


A.J. LLOYD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05758249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 16,663
AMORTISATION
At 1 June 2023
and 31 May 2024 16,663
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

A.J. LLOYD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05758249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 45,977 606,399 652,376
Disposals - (101,307 ) (101,307 )
At 31 May 2024 45,977 505,092 551,069
DEPRECIATION
At 1 June 2023 11,494 406,652 418,146
Charge for year 5,747 27,867 33,614
Eliminated on disposal - (89,354 ) (89,354 )
At 31 May 2024 17,241 345,165 362,406
NET BOOK VALUE
At 31 May 2024 28,736 159,927 188,663
At 31 May 2023 34,483 199,747 234,230

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,669 17,090
Other debtors 37,711 50,176
65,380 67,266

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,764 21,950
Trade creditors 14,011 22,117
Amounts owed to group undertakings - 36,394
Taxation and social security 14,779 19,834
Other creditors 66,720 47,094
119,274 147,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 55,219 78,554

A.J. LLOYD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05758249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 78,983 100,504

10. SECURED LIABILITIES

There is a group fixed and floating charge over the trade and assets of the company.