Company registration number 09871695 (England and Wales)
J Young & Son (Funeral Directors) Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
J Young & Son (Funeral Directors) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
J Young & Son (Funeral Directors) Ltd
Statement Of Financial Position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
833
Tangible assets
4
1,194
1,530
1,194
2,363
Current assets
Debtors
16,702
22,860
Cash at bank and in hand
7,764
1,600
24,466
24,460
Creditors: amounts falling due within one year
(24,855)
(28,499)
Net current liabilities
(389)
(4,039)
Total assets less current liabilities
805
(1,676)
Provisions for liabilities
5
(227)
(291)
Net assets/(liabilities)
578
(1,967)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
478
(2,067)
Total equity
578
(1,967)
J Young & Son (Funeral Directors) Ltd
Statement Of Financial Position (continued)
as at 30 April 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 11 February 2025 and are signed on its behalf by:
J K Scott
Director
Company Registration No. 09871695
J Young & Son (Funeral Directors) Ltd
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for goods and services. Turnover is recognised on the supply of services to the customer.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

 

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
33% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Computer equipment
33% reducing balance
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represent accumulated differences between the company's taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.

J Young & Son (Funeral Directors) Ltd
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Total
£
Cost
At 1 May 2023 and 30 April 2024
10,000
Amortisation
At 1 May 2023
9,167
Amortisation charged for the year
833
At 30 April 2024
10,000
Carrying amount
At 30 April 2024
-
0
At 30 April 2023
833
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
650
3,603
377
4,630
Depreciation and impairment
At 1 May 2023
458
2,297
345
3,100
Depreciation charged in the year
64
261
11
336
At 30 April 2024
522
2,558
356
3,436
Carrying amount
At 30 April 2024
128
1,045
21
1,194
At 30 April 2023
192
1,306
32
1,530
J Young & Son (Funeral Directors) Ltd
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 5 -
5
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
227
291
6
Company information

J Young & Son (Funeral Directors) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, WF6 1QT.

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