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REGISTERED NUMBER: 01934017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

L. CHAMP FUNERAL SERVICES LIMITED

L. CHAMP FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 01934017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L. CHAMP FUNERAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: Ms L Champ





REGISTERED OFFICE: Bank House
Whalley Road
Clayton le Moors
Accrington
Lancashire
BB5 5DY





REGISTERED NUMBER: 01934017 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

L. CHAMP FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 01934017)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,500 2,500
Tangible assets 5 490,726 458,794
493,226 461,294

CURRENT ASSETS
Stocks 13,210 13,086
Debtors 6 46,621 53,727
Cash at bank and in hand 341,800 350,245
401,631 417,058
CREDITORS
Amounts falling due within one year 7 105,623 72,710
NET CURRENT ASSETS 296,008 344,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,234

805,642

PROVISIONS FOR LIABILITIES 42,834 35,247
NET ASSETS 746,400 770,395

CAPITAL AND RESERVES
Called up share capital 105 105
Revaluation reserve 8 79,919 79,919
Retained earnings 666,376 690,371
SHAREHOLDERS' FUNDS 746,400 770,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

L. CHAMP FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 01934017)

BALANCE SHEET - continued
30TH 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 director and authorised for issue on 26th March 2025 and were signed by:





Ms L Champ - Director


L. CHAMP FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 01934017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

L. Champ 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.

Intangible assets
Intangible assets represent vehicle registrations capitalised at cost. No amortisation is provided on these assets as they are not expected to reduce in value.

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

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

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.

L. CHAMP FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 01934017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH 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 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023
and 30th June 2024 2,500
NET BOOK VALUE
At 30th June 2024 2,500
At 30th June 2023 2,500

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st July 2023 399,972 26,589 230,071
Additions - 2,864 10,119
At 30th June 2024 399,972 29,453 240,190
DEPRECIATION
At 1st July 2023 126,691 22,173 164,933
Charge for year 7,999 925 11,002
At 30th June 2024 134,690 23,098 175,935
NET BOOK VALUE
At 30th June 2024 265,282 6,355 64,255
At 30th June 2023 273,281 4,416 65,138

L. CHAMP FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 01934017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2023 275,857 30,889 963,378
Additions 60,716 4,540 78,239
At 30th June 2024 336,573 35,429 1,041,617
DEPRECIATION
At 1st July 2023 179,176 11,611 504,584
Charge for year 23,376 3,005 46,307
At 30th June 2024 202,552 14,616 550,891
NET BOOK VALUE
At 30th June 2024 134,021 20,813 490,726
At 30th June 2023 96,681 19,278 458,794

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 26,791 23,936
Other debtors 19,830 29,791
46,621 53,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 88,866 30,965
Taxation and social security 5,646 27,449
Other creditors 11,111 14,296
105,623 72,710

8. RESERVES
Revaluation
reserve
£   
At 1st July 2023
and 30th June 2024 79,919