Cotswold Assistance Limited 5143497 false 2023-04-06 2024-04-05 2024-04-05 The principal activity of the company is the provision of funeral services Digita Accounts Production Advanced 6.30.9574.0 true 5143497 2023-04-06 2024-04-05 5143497 2024-04-05 5143497 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-05 5143497 core:CurrentFinancialInstruments 2024-04-05 5143497 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-05 5143497 core:Goodwill 2024-04-05 5143497 core:FurnitureFittingsToolsEquipment 2024-04-05 5143497 core:MotorVehicles 2024-04-05 5143497 bus:SmallEntities 2023-04-06 2024-04-05 5143497 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 5143497 bus:FilletedAccounts 2023-04-06 2024-04-05 5143497 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 5143497 bus:RegisteredOffice 2023-04-06 2024-04-05 5143497 bus:Director3 2023-04-06 2024-04-05 5143497 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-06 2024-04-05 5143497 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 5143497 core:Goodwill 2023-04-06 2024-04-05 5143497 core:NetGoodwill 2023-04-06 2024-04-05 5143497 core:Buildings 2023-04-06 2024-04-05 5143497 core:FurnitureFittingsToolsEquipment 2023-04-06 2024-04-05 5143497 core:MotorCars 2023-04-06 2024-04-05 5143497 core:MotorVehicles 2023-04-06 2024-04-05 5143497 core:OtherRelatedParties 2023-04-06 2024-04-05 5143497 countries:England 2023-04-06 2024-04-05 5143497 2023-04-05 5143497 core:Goodwill 2023-04-05 5143497 core:FurnitureFittingsToolsEquipment 2023-04-05 5143497 core:MotorVehicles 2023-04-05 5143497 2022-04-06 2023-04-05 5143497 2023-04-05 5143497 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-05 5143497 core:CurrentFinancialInstruments 2023-04-05 5143497 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-05 5143497 core:Goodwill 2023-04-05 5143497 core:FurnitureFittingsToolsEquipment 2023-04-05 5143497 core:MotorVehicles 2023-04-05 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 5143497

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2024

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

(Registration number: 5143497)
Balance Sheet as at 5 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

16,518

26,034

Investment property

6

195,005

195,005

 

211,523

221,039

Current assets

 

Stocks

7

4,423

3,154

Debtors

8

42,338

9,983

Cash at bank and in hand

 

86,207

103,138

 

132,968

116,275

Creditors: Amounts falling due within one year

9

(320,437)

(313,077)

Net current liabilities

 

(187,469)

(196,802)

Net assets

 

24,054

24,237

Capital and reserves

 

Called up share capital

10

2

2

Retained earnings

24,052

24,235

Shareholders' funds

 

24,054

24,237

For the financial year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

(Registration number: 5143497)
Balance Sheet as at 5 April 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 March 2025 and signed on its behalf by:

.........................................

Mrs H S Royle
Director

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

The principal place of business is:
Rectory House
High Street
Bourton-on-the-water
Gloucestershire
GL54 2AP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment Properties

Nil

Fixtures, fittings and equipment

25% straight line

Motor vehicles

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 8).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 6 April 2023

215,000

215,000

At 5 April 2024

215,000

215,000

Amortisation

At 6 April 2023

215,000

215,000

At 5 April 2024

215,000

215,000

Carrying amount

At 5 April 2024

-

-

At 5 April 2023

-

-

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 6 April 2023

39,981

20,500

60,481

Additions

1,818

-

1,818

At 5 April 2024

41,799

20,500

62,299

Depreciation

At 6 April 2023

31,611

2,836

34,447

Charge for the year

6,209

5,125

11,334

At 5 April 2024

37,820

7,961

45,781

Carrying amount

At 5 April 2024

3,979

12,539

16,518

At 5 April 2023

8,370

17,664

26,034

6

Investment properties

2024
£

At 6 April 2023 and 5 April 2024

195,005

The company's investment property was purchased on 10th November 2006. Refurbishment work totalling £54,360 was undertaken in the year to 5th April 2008. The directors are of the opinion that the value shown in the accounts, £195,005, is a fair reflection of the property's market value at 5 April 2024.

There has been no valuation of investment property by an independent valuer.

7

Stocks

2024
£

2023
£

Finished goods and goods for resale

4,423

3,154

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

8

Debtors

2024
£

2023
£

Trade debtors

41,478

6,774

Prepayments

860

3,209

42,338

9,983

9

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

16,301

9,119

Taxation and social security

2,709

2,678

Accruals and deferred income

4,731

5,582

Other creditors

296,696

295,698

320,437

313,077

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £0.05 each

40

2

40

2

       

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of non cancellable operating lease financial commitments not included in the balance sheet is £17,500 (2023 - £19,720).

 

Cotswold Assistance Limited

trading as W J Wright Funeral Directors

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2024

12

Related party transactions

Mrs H S Royle

The company pays rent to City Trustees Limited. City Trustees Limited are trustees of Mrs H S Royle’s pension fund. The rent charge for the year is £17,500 (2023 - £17,521).

13

Funeral Plan Insurance

The company has an unrecognised asset at the year end in relation to funeral plan insurances which future customers are paying into. The value of the plan at the 5th April 2024 amounts to £428,627 (2023 - £463,177).

14

Funeral Numbers

In the year, the company held 96 funerals (2023 - 103).