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REGISTERED NUMBER: 08989417












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINTON & DAUGHTER FUNERAL SERVICES
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: N Kinton
D Kinton
I Capps





REGISTERED OFFICE: 397 Tamworth Road Sawley
Long Eaton
Nottinghamshire
NG10 3JP





REGISTERED NUMBER: 08989417





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 45,599
Tangible assets 5 297,564 346,002
297,564 391,601

CURRENT ASSETS
Debtors 6 136,840 75,652
Cash at bank and in hand 18,622 19,377
155,462 95,029
CREDITORS
Amounts falling due within one year 7 (241,459 ) (250,395 )
NET CURRENT LIABILITIES (85,997 ) (155,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,567

236,235

CREDITORS
Amounts falling due after more than one year 8 (56,669 ) (85,559 )

PROVISIONS FOR LIABILITIES (24,450 ) (26,491 )
NET ASSETS 130,448 124,185

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 130,148 123,885
130,448 124,185

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

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

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

BALANCE SHEET - continued
31 March 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 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 13 March 2025 and were signed on its behalf by:





D Kinton - Director


KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Kinton & Daughter Funeral Services Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is 397 Tamworth Road Sawley, Long Eaton, Nottinghamshire, England, NG10 3JP and the registered number is 08989417.

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.

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.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings-2% straight line
Improvements to property-25% reducing balance
Plant and machinery-15% reducing balance
Fixtures and fittings-15% reducing balance
Motor vehicles-25% reducing balance
Computer equipment-15% reducing balance

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 271,997
AMORTISATION
At 1 April 2023 226,398
Charge for year 45,599
At 31 March 2024 271,997
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 45,599

5. TANGIBLE FIXED ASSETS
Freehold Improvements
land & to Plant and
buildings property machinery
£    £    £   
COST
At 1 April 2023 135,000 76,342 19,017
Additions - - -
Disposals - - -
At 31 March 2024 135,000 76,342 19,017
DEPRECIATION
At 1 April 2023 10,800 45,908 10,882
Charge for year 2,700 7,610 1,219
Eliminated on disposal - - -
At 31 March 2024 13,500 53,518 12,101
NET BOOK VALUE
At 31 March 2024 121,500 22,824 6,916
At 31 March 2023 124,200 30,434 8,135

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 67,643 312,178 4,970 615,150
Additions - 7,995 - 7,995
Disposals - (14,775 ) - (14,775 )
At 31 March 2024 67,643 305,398 4,970 608,370
DEPRECIATION
At 1 April 2023 37,629 161,123 2,806 269,148
Charge for year 4,502 37,850 324 54,205
Eliminated on disposal - (12,547 ) - (12,547 )
At 31 March 2024 42,131 186,426 3,130 310,806
NET BOOK VALUE
At 31 March 2024 25,512 118,972 1,840 297,564
At 31 March 2023 30,014 151,055 2,164 346,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,162 74,136
Other debtors 21,678 1,516
136,840 75,652

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 40,000
Hire purchase contracts (see note 9) 18,480 21,148
Trade creditors 88,426 69,151
Taxation and social security 72,533 57,292
Other creditors 52,020 62,804
241,459 250,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,166 24,166
Hire purchase contracts (see note 9) 42,503 61,393
56,669 85,559

KINTON & DAUGHTER FUNERAL SERVICES
LIMITED (REGISTERED NUMBER: 08989417)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Non-cancellable
operating leases
2024 2023
£ £
Within one year 43,940 40,160
Between one and five years 39,730 44,435
83,670 84,595

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,166 64,166
Hire purchase contracts 60,983 82,541
85,149 146,707

The hire purchase contracts are secured against assets included within motor vehicles.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
I Capps
Balance outstanding at start of year - 5,752
Amounts advanced 24,795 17,271
Amounts repaid (14,827 ) (23,023 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,968 -

D Kinton and N Kinton
Balance outstanding at start of year (31,947 ) (19,233 )
Amounts advanced 74,562 89,431
Amounts repaid (61,606 ) (102,145 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,991 ) (31,947 )