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REGISTERED NUMBER: 08603199 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr I Wilde
Mrs W Wilde





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 08603199 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 171,596 203,205

CURRENT ASSETS
Debtors 6 184,119 144,923
Cash at bank and in hand 28,602 84,400
212,721 229,323
CREDITORS
Amounts falling due within one year 7 (74,169 ) (80,927 )
NET CURRENT ASSETS 138,552 148,396
TOTAL ASSETS LESS CURRENT LIABILITIES 310,148 351,601

CREDITORS
Amounts falling due after more than
one year

8

(37,433

)

(44,097

)

PROVISIONS FOR LIABILITIES 9 - (4,945 )
NET ASSETS 272,715 302,559

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 272,515 302,359
SHAREHOLDERS' FUNDS 272,715 302,559

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 31st January 2025 and were signed on its behalf by:




Mr I Wilde - Director



Mrs W Wilde - Director


IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Ian Wilde Independent 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on reducing balance

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
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 cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
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.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.


IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st October 2023 77,006 27,801 44,542
Additions 2,984 1,502 750
At 30th September 2024 79,990 29,303 45,292
DEPRECIATION
At 1st October 2023 - 25,458 28,375
Charge for year - 840 2,489
At 30th September 2024 - 26,298 30,864
NET BOOK VALUE
At 30th September 2024 79,990 3,005 14,428
At 30th September 2023 77,006 2,343 16,167

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2023 438,330 24,064 611,743
Additions - 1,134 6,370
At 30th September 2024 438,330 25,198 618,113
DEPRECIATION
At 1st October 2023 343,518 11,187 408,538
Charge for year 31,288 3,362 37,979
At 30th September 2024 374,806 14,549 446,517
NET BOOK VALUE
At 30th September 2024 63,524 10,649 171,596
At 30th September 2023 94,812 12,877 203,205

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2023
and 30th September 2024 85,325
DEPRECIATION
At 1st October 2023 39,162
Charge for year 15,234
At 30th September 2024 54,396
NET BOOK VALUE
At 30th September 2024 30,929
At 30th September 2023 46,163

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 23,123 20,071
Other debtors 160,996 124,852
184,119 144,923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 6,152 6,152
Trade creditors 7,645 12,304
Taxation and social security 52,945 57,069
Other creditors 7,427 5,402
74,169 80,927

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 37,433 44,097

IAN WILDE INDEPENDENT FUNERAL DIRECTORS
LIMITED (REGISTERED NUMBER: 08603199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax - 4,945

Deferred
tax
£   
Balance at 1st October 2023 4,945
Credit to Statement of Income and Retained Earnings during
year

(4,945

)
Balance at 30th September 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary A £100 100 100
100 Ordinary B £100 100 100
200 200

11. RESERVES
Retained
earnings
£   

At 1st October 2023 302,359
Profit for the year 135,704
Dividends (165,548 )
At 30th September 2024 272,515

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, amounts advanced to directors totalled £308,082 with credits totalling £169,307. The maximum amount owed during the year was £183,529. The amount owed at the balance sheet date was £149,610. Interest has been charged on overdrawn balances at the official rate. Amounts are unsecured and repayable on demand.