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REGISTERED NUMBER: 05395740 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ian Hart Funeral Services Limited

Ian Hart Funeral Services Limited (Registered number: 05395740)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ian Hart Funeral Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I Hart
Mrs S Hart



REGISTERED OFFICE: 62 The Street
Rustington
West Sussex
BN16 3NR



REGISTERED NUMBER: 05395740 (England and Wales)



ACCOUNTANTS: Hills & Peeks
Accountants, Business & Tax Advisers
62 The Street
Rustington
West Sussex
BN16 3NR



BANKERS: Natwest plc
5 Broadwater Street East
Worthing
West Sussex
BN14 9AB

Ian Hart Funeral Services Limited (Registered number: 05395740)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 316,330 337,467

CURRENT ASSETS
Debtors 5 261,468 274,675
Investments 6 7,700 7,700
Cash at bank and in hand 1,280,713 1,317,171
1,549,881 1,599,546
CREDITORS
Amounts falling due within one year 7 (174,410 ) (193,930 )
NET CURRENT ASSETS 1,375,471 1,405,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,691,801

1,743,083

CREDITORS
Amounts falling due after more than one
year

8

(60,086

)

(69,499

)
NET ASSETS 1,631,715 1,673,584

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,631,713 1,673,582
SHAREHOLDERS' FUNDS 1,631,715 1,673,584

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

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

Ian Hart Funeral Services Limited (Registered number: 05395740)

Balance Sheet - continued
30 June 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 7 March 2025 and were signed on its behalf by:





I Hart - Director


Ian Hart Funeral Services Limited (Registered number: 05395740)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Ian Hart Funeral Services 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.

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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Ian Hart Funeral Services Limited (Registered number: 05395740)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 736,338
Additions 53,000
At 30 June 2024 789,338
DEPRECIATION
At 1 July 2023 398,871
Charge for year 74,137
At 30 June 2024 473,008
NET BOOK VALUE
At 30 June 2024 316,330
At 30 June 2023 337,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 186,311 169,814
Other debtors 75,157 104,861
261,468 274,675

6. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Other 7,700 7,700

Ian Hart Funeral Services Limited (Registered number: 05395740)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 74,045 64,634
Taxation and social security 71,327 82,142
Other creditors 29,038 47,154
174,410 193,930

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 60,086 69,499

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
I Hart and Mrs S Hart
Balance outstanding at start of year 37,555 150,000
Amounts advanced 31,585 37,555
Amounts repaid (69,140 ) (150,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 37,555

During the year the company made the following rent payments:

£27,000 (2023 - £27,000) to Mr and Mrs I Hart on normal commercial terms

£53,606 (2023: £17,011) to the Hart Family Pension Scheme on normal commercial terms

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I and Mrs S Hart.