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REGISTERED NUMBER: 04442763 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Indian Funeral Directors Limited

Indian Funeral Directors Limited (Registered number: 04442763)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Indian Funeral Directors Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr Sanjay Meghji Shah
Mrs Alka Sanjay Shah
Mrs Neeta Bharat Shah





SECRETARY: Mrs Alka Sanjay Shah





REGISTERED OFFICE: 44 South Parade
Mollison Way
Edgware
MIDDLESEX
HA8 5QL





REGISTERED NUMBER: 04442763 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Indian Funeral Directors Limited (Registered number: 04442763)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,057 247,509
Investments 5 269,272 229,441
Investment property 6 1,015,000 1,015,000
1,489,329 1,491,950

CURRENT ASSETS
Stocks 21,000 21,000
Debtors 7 147,532 114,648
Cash at bank and in hand 1,202,751 1,087,650
1,371,283 1,223,298
CREDITORS
Amounts falling due within one year 8 260,780 132,163
NET CURRENT ASSETS 1,110,503 1,091,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,599,832

2,583,085

CREDITORS
Amounts falling due after more than one
year

9

(13,715

)

(46,632

)

PROVISIONS FOR LIABILITIES (6,542 ) -
NET ASSETS 2,579,575 2,536,453

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 (192,675 ) (250,168 )
Retained earnings 2,771,250 2,785,621
SHAREHOLDERS' FUNDS 2,579,575 2,536,453

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

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

Indian Funeral Directors Limited (Registered number: 04442763)

Balance Sheet - continued
31 October 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 14 February 2025 and were signed on its behalf by:





Mr Sanjay Meghji Shah - Director


Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Indian 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 292,599 394,290 686,889
DEPRECIATION
At 1 November 2023 139,431 299,949 439,380
Charge for year 18,732 23,720 42,452
At 31 October 2024 158,163 323,669 481,832
NET BOOK VALUE
At 31 October 2024 134,436 70,621 205,057
At 31 October 2023 153,168 94,341 247,509

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 229,441
Disposals (8,482 )
Revaluations 48,313
At 31 October 2024 269,272
NET BOOK VALUE
At 31 October 2024 269,272
At 31 October 2023 229,441

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2024 269,272

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,015,000
NET BOOK VALUE
At 31 October 2024 1,015,000
At 31 October 2023 1,015,000

Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 1,015,000

The investment properties are valued by the Directors of the Company at 31 October 2024 on an open market value for existing use basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 25,612 21,448
Other debtors 121,920 93,200
147,532 114,648

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 116,707 71,629
Taxation and social security 83,249 10,019
Other creditors 60,824 50,515
260,780 132,163

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Obligation under hire purchase 13,715 46,632

10. RESERVES
Revaluation
reserve
£   
At 1 November 2023 (250,168 )
Undistributable Reserves 57,493

At 31 October 2024 (192,675 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 October 2024, Indian Funeral Directors Ltd owed £2,704 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown in Directors' Loan Accounts under creditors due within one year. Please be advised that all the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

Indian Funeral Directors Limited (Registered number: 04442763)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

12. RELATED PARTY DISCLOSURES

During the year ended 31 October 2024, Indian Funeral Directors Ltd owed £3,300 to the Estate of Mr Bharat Shah [Deceased]. This amount is reflected in the respective shareholder's loan accounts in credit balance, which is shown under creditors due within one year. Please be advised that this loan has been provided on an interest free basis and the loan is repayable on demand.