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REGISTERED NUMBER: 09757860 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD

BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD (REGISTERED NUMBER: 09757860)

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


BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: LJ Sherborne
S G Braddick
B J Braddick
J J Braddick





REGISTERED OFFICE: 28-31 Mill Street
Bideford
North Devon
EX39 2JN





REGISTERED NUMBER: 09757860 (England and Wales)





ACCOUNTANTS: Gravita Western Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD (REGISTERED NUMBER: 09757860)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 18,128 12,914

CURRENT ASSETS
Stocks 21,364 7,383
Debtors 6 296,216 259,426
Cash at bank and in hand 215,475 105,902
533,055 372,711
CREDITORS
Amounts falling due within one year 7 (168,155 ) (132,540 )
NET CURRENT ASSETS 364,900 240,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,028

253,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 382,928 252,985
SHAREHOLDERS' FUNDS 383,028 253,085

BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD (REGISTERED NUMBER: 09757860)

Balance Sheet - continued
31 MARCH 2024


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.

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 19 March 2025 and were signed on its behalf by:





J J Braddick - Director


BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD (REGISTERED NUMBER: 09757860)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

Braddicks and Sherborne Funeral Directors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The company's principal place of businesses are:

1 Abbotsham Road, Bideford, Devon EX39 3AF

20-21 St Brannocks Road, Illfracombe, Devon EX34 8EQ

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
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" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

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 represents amounts chargeable in respect of the sale of goods and services to customers falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD (REGISTERED NUMBER: 09757860)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stock. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 for staff and four directors. Contributions are expensed as they become payable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD (REGISTERED NUMBER: 09757860)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 4,785 33,874 38,659
Additions 657 9,939 10,596
At 31 March 2024 5,442 43,813 49,255
DEPRECIATION
At 1 April 2023 2,587 23,158 25,745
Charge for year 631 4,751 5,382
At 31 March 2024 3,218 27,909 31,127
NET BOOK VALUE
At 31 March 2024 2,224 15,904 18,128
At 31 March 2023 2,198 10,716 12,914

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,898 45,775
Amounts owed by associates 256,916 207,105
VAT 5,394 5,767
Prepayments and accrued income 1,008 779
296,216 259,426

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,249 7,432
Tax 44,267 27,165
Social security and other taxes 3,714 4,094
Other creditors 50,931 50,931
Directors' current accounts 8,273 8,273
Accruals and deferred income 38,721 34,645
168,155 132,540

BRADDICKS AND SHERBORNE FUNERAL
DIRECTORS LTD (REGISTERED NUMBER: 09757860)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. RELATED PARTY DISCLOSURES

During the year the company rented property from a related entity. The amount charged was £36,000 (2023 - £21,000). There were no outstanding amounts due to the related entity at the balance sheet date.

A company in which SG Braddick, JJ Braddick and BJ Braddick are directors had transactions with the company during the year. Included within other creditors a loan due to the related party amounting to £50,931 (2023 - £50,931) which is interest free and repayable on demand.

A partnership in which SG Braddick, JJ Braddick, BJ Braddick and LJ Sherborne are partners had transactions with the company during the year. Included within other debtors is loan due from the related party amounting to £256,916 (2023 - £207,105) which is interest free and repayable on demand.