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REGISTERED NUMBER: SC629221 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

NORMAN WILL FUNERAL DIRECTORS LTD

NORMAN WILL FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC629221)






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


NORMAN WILL FUNERAL DIRECTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: C G McGillivray





REGISTERED OFFICE: The Wynd
Turriff
Aberdeenshire
AB53 4FB





REGISTERED NUMBER: SC629221 (Scotland)

NORMAN WILL FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC629221)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 108,687 130,425
Tangible assets 6 263,534 244,040
372,221 374,465

CURRENT ASSETS
Stocks 8,600 8,600
Debtors 7 29,641 20,915
Cash at bank 93,095 79,480
131,336 108,995
CREDITORS
Amounts falling due within one year 8 72,919 70,784
NET CURRENT ASSETS 58,417 38,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,638

412,676

CREDITORS
Amounts falling due after more than one
year

9

(246,786

)

(278,541

)

PROVISIONS FOR LIABILITIES (24,568 ) (18,489 )
NET ASSETS 159,284 115,646

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 159,184 115,546
SHAREHOLDERS' FUNDS 159,284 115,646

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 director acknowledges his 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.

NORMAN WILL FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC629221)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





C G McGillivray - Director


NORMAN WILL FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC629221)

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

1. STATUTORY INFORMATION

Norman Will Funeral Directors Ltd is a private company, limited by shares , registered in Scotland. 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.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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 - 2% on cost
Plant and machinery etc - 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.


NORMAN WILL FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC629221)

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

3. ACCOUNTING POLICIES - continued
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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 217,377
AMORTISATION
At 1 June 2023 86,952
Charge for year 21,738
At 31 May 2024 108,690
NET BOOK VALUE
At 31 May 2024 108,687
At 31 May 2023 130,425

NORMAN WILL FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC629221)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 152,999 173,067 326,066
Additions - 46,983 46,983
At 31 May 2024 152,999 220,050 373,049
DEPRECIATION
At 1 June 2023 12,209 69,817 82,026
Charge for year 3,060 24,429 27,489
At 31 May 2024 15,269 94,246 109,515
NET BOOK VALUE
At 31 May 2024 137,730 125,804 263,534
At 31 May 2023 140,790 103,250 244,040

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,995 20,585
Other debtors 9,646 330
29,641 20,915

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,730 27,730
Trade creditors 4,503 8,281
Taxation and social security 18,289 14,617
Other creditors 22,397 20,156
72,919 70,784

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 172,272 201,041
Other creditors 74,514 77,500
246,786 278,541

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 61,352 90,121

NORMAN WILL FUNERAL DIRECTORS LTD (REGISTERED NUMBER: SC629221)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 200,002 228,771

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 100 100 100