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Registered Number: 07440702
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 January 2024

for

PONTYCLUN FUNERAL SERVICES LIMITED

Director Geraint Griffith
Registered Number 07440702
Registered Office Clun Avenue
Miskin
Pontyclun
Rhondda Cynon Taff
CF72 9AG
Accountants Harries Watkins & Jones Ltd
Chartered Accountants
1a Charnwood Park
Bridgend
CF31 3PL
1
Director's report and financial statements
The directors present their report and abridged financial statements for the year ended 31 January 2024.

Small companies provision statement
This report has 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.
Principal activities
The principal activity of the company is that of a funeral director.
Directors
The directors who served the company throughout the year were as follows:

Geraint Griffith
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Geraint Griffith
Director

Date approved: 31 January 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 349,020    304,762 
349,020    304,762 
Current assets      
Stocks 5 3,500    3,500 
Debtors 6 113,973    65,573 
Cash at bank and in hand 1,194    19,813 
118,667    88,886 
Creditors: amount falling due within one year (80,456)   (95,591)
Net current assets 38,211    (6,705)
 
Total assets less current liabilities 387,231    298,057 
Creditors: amount falling due after more than one year (223,490)   (136,076)
Provisions for liabilities 7 (25,378)   (17,386)
Net assets 138,363    144,595 
 

Capital and reserves
     
Called up share capital 8 1    1 
Reserves 9 83,193    83,193 
Profit and loss account 55,169    61,401 
Shareholders' funds 138,363    144,595 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 January 2025 and were signed on its behalf by:


-------------------------------
Geraint Griffith
Director
3
General Information
Pontyclun Funeral Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07440702, registration address Clun Avenue, Miskin, Pontyclun, Rhondda Cynon Taff, CF72 9AG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
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 companys 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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor vehicles 25%
Fixtures and fittings 25%
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 3).
3.

Financial Commitments, Guarantees and Contingencies

The total amount of financial Commitments not included in the balance sheet is £7,232 (2023 - £7,232).

Included in the balance sheet are financial commitments of £210,748 (2023 - £183,870). The financial commitments have been secured against the relevant related assets.

4.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 February 2023 295,000    90,022    385,022 
Additions   66,542    66,542 
Disposals   (13,800)   (13,800)
At 31 January 2024 295,000    142,764    437,764 
Depreciation
At 01 February 2023   80,260    80,260 
Charge for year   22,283    22,283 
On disposals   (13,799)   (13,799)
At 31 January 2024   88,744    88,744 
Net book values
Closing balance as at 31 January 2024 295,000    54,020    349,020 
Opening balance as at 01 February 2023 295,000    9,762    304,762 

Included within the net book value of land and buildings above is £295,000 (2022 - £295,000) in respect of freehold land and buildings.

Revaluation
The fair value of the company's Freehold property was revalued on 31 January 2022. An independent valuer was not involved.
The director valued the business on a fair value basis, and considered that there had not been any variation from the previous year.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £183,481 (2022 - £187,746).

5.

Stocks

2024
£
  2023
£
Stocks 3,500    3,500 
3,500    3,500 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 82,560    52,407 
Other Debtors 31,413    13,166 
113,973    65,573 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 17,386    18,462 
Charged to Profit & Loss 7,992    (1,076)
25,378    17,386 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

9.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 83,193    83,193 
83,193    83,193 

4