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REGISTERED NUMBER: 00827623 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

G.Seller & Company Limited

G.Seller & Company Limited (Registered number: 00827623)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

G.Seller & Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D C Barsby
Mrs S Barsby
J C Barsby
Mrs A E Barsby





SECRETARY: D C Barsby





REGISTERED OFFICE: 75 Upper Bond Street
Hinckley
Leicestershire
LE10 1RH





REGISTERED NUMBER: 00827623 (England and Wales)





ACCOUNTANTS: Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN

G.Seller & Company Limited (Registered number: 00827623)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,412,187 1,981,312
1,412,187 1,981,312

CURRENT ASSETS
Stocks 35,250 32,295
Debtors 6 296,863 200,140
Cash at bank and in hand 202,163 172,617
534,276 405,052
CREDITORS
Amounts falling due within one year 7 537,613 442,160
NET CURRENT LIABILITIES (3,337 ) (37,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,408,850

1,944,204

CREDITORS
Amounts falling due after more than one
year

8

(458,351

)

(879,396

)

PROVISIONS FOR LIABILITIES (59,480 ) (68,024 )
NET ASSETS 891,019 996,784

CAPITAL AND RESERVES
Called up share capital 2,400 2,400
Retained earnings 888,619 994,384
SHAREHOLDERS' FUNDS 891,019 996,784

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

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

G.Seller & Company Limited (Registered number: 00827623)

Balance Sheet - continued
31 December 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 11 March 2025 and were signed on its behalf by:





D C Barsby - Director


G.Seller & Company Limited (Registered number: 00827623)

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

1. STATUTORY INFORMATION

G.Seller & Company 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The nature of the company's operations and principle activities are that of funeral directors and monumental masons.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 1990, was amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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.
Freehold property - not provided
Improvements to leasehold property - 33% on reducing balance
Plant and machinery - 15% on reducing balance
Furniture, fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Depreciation has not been provided on the freehold land and buildings. The freehold land and buildings are maintained in a continual state of sound repair; the directors' consider that the life of the land and buildings is so long and the residual value, based upon current values is so high, that the depreciation is immaterial. On this basis, any depreciation charge under the requirements of Section 17 of the Financial Reporting Standard and the Companies Act 2006 would be immaterial and no depreciation has been charged.

The effect of the company's accounting policy has been to overstate the company's reserves before and after tax by £493,206.

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


G.Seller & Company Limited (Registered number: 00827623)

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

2. 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
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.

Intangible fixed assets
Intangible fixed assets (including purchased bespoke software) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 44 ) .

G.Seller & Company Limited (Registered number: 00827623)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 120,000 3,995 123,995
AMORTISATION
At 1 January 2024
and 31 December 2024 120,000 3,995 123,995
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

5. TANGIBLE FIXED ASSETS
Improvements
to
Freehold leasehold Plant and
property property machinery
£    £    £   
COST
At 1 January 2024 1,676,817 17,156 191,440
Additions - - -
Disposals (532,850 ) - -
At 31 December 2024 1,143,967 17,156 191,440
DEPRECIATION
At 1 January 2024 - 17,156 117,460
Charge for year - - 11,095
Eliminated on disposal - - -
At 31 December 2024 - 17,156 128,555
NET BOOK VALUE
At 31 December 2024 1,143,967 - 62,885
At 31 December 2023 1,676,817 - 73,980

G.Seller & Company Limited (Registered number: 00827623)

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

5. TANGIBLE FIXED ASSETS - continued

Furniture,
fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 173,025 727,026 31,907 2,817,371
Additions - 42,445 1,607 44,052
Disposals - (34,969 ) - (567,819 )
At 31 December 2024 173,025 734,502 33,514 2,293,604
DEPRECIATION
At 1 January 2024 77,775 608,321 15,347 836,059
Charge for year 23,815 32,342 5,927 73,179
Eliminated on disposal - (27,821 ) - (27,821 )
At 31 December 2024 101,590 612,842 21,274 881,417
NET BOOK VALUE
At 31 December 2024 71,435 121,660 12,240 1,412,187
At 31 December 2023 95,250 118,705 16,560 1,981,312

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 89,000
Additions 42,445
Transfer to ownership (89,000 )
At 31 December 2024 42,445
DEPRECIATION
At 1 January 2024 67,295
Charge for year 4,422
Transfer to ownership (67,295 )
At 31 December 2024 4,422
NET BOOK VALUE
At 31 December 2024 38,023
At 31 December 2023 21,705

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 286,072 182,522
Other debtors 10,791 17,618
296,863 200,140

G.Seller & Company Limited (Registered number: 00827623)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 36,200 39,696
Hire purchase contracts 8,982 5,443
Trade creditors 283,114 201,701
Taxation and social security 56,947 85,764
Other creditors 152,370 109,556
537,613 442,160

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 434,400 829,396
Hire purchase contracts 23,951 -
Other creditors - 50,000
458,351 879,396

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 665,407

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 470,600 869,092
Hire purchase contracts 32,933 5,443
503,533 874,535

As at the year end, the company had bank loans totalling £470,600 (2023: £869,092). The loans are secured by a charge dated 15 December 2022 over the assets of the company.
Any bank overdrafts are secured by personal guarantees from the director, Mr D Barsby.

10. OTHER FINANCIAL COMMITMENTS

Total minimum lease payments under operating leases are £31,625 (2023: £7,875).

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
G.Seller & Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G.Seller & Company Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of G.Seller & Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G.Seller & Company Limited and state those matters that we have agreed to state to the Board of Directors of G.Seller & Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G.Seller & Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of G.Seller & Company Limited. You consider that G.Seller & Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G.Seller & Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Celerica Ltd
Accountants
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN


11 March 2025