Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31false2023-11-01falseNo description of principal activity1921falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC042480 2023-11-01 2024-10-31 SC042480 2022-11-01 2023-10-31 SC042480 2024-10-31 SC042480 2023-10-31 SC042480 c:CompanySecretary1 2023-11-01 2024-10-31 SC042480 c:Director1 2023-11-01 2024-10-31 SC042480 c:Director2 2023-11-01 2024-10-31 SC042480 c:RegisteredOffice 2023-11-01 2024-10-31 SC042480 d:Buildings 2023-11-01 2024-10-31 SC042480 d:Buildings 2024-10-31 SC042480 d:Buildings 2023-10-31 SC042480 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC042480 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 SC042480 d:Buildings d:LongLeaseholdAssets 2024-10-31 SC042480 d:Buildings d:LongLeaseholdAssets 2023-10-31 SC042480 d:MotorVehicles 2023-11-01 2024-10-31 SC042480 d:MotorVehicles 2024-10-31 SC042480 d:MotorVehicles 2023-10-31 SC042480 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC042480 d:FurnitureFittings 2023-11-01 2024-10-31 SC042480 d:FurnitureFittings 2024-10-31 SC042480 d:FurnitureFittings 2023-10-31 SC042480 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC042480 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC042480 d:Goodwill 2023-11-01 2024-10-31 SC042480 d:Goodwill 2024-10-31 SC042480 d:Goodwill 2023-10-31 SC042480 d:CurrentFinancialInstruments 2024-10-31 SC042480 d:CurrentFinancialInstruments 2023-10-31 SC042480 d:Non-currentFinancialInstruments 2024-10-31 SC042480 d:Non-currentFinancialInstruments 2023-10-31 SC042480 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC042480 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC042480 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC042480 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC042480 d:ShareCapital 2024-10-31 SC042480 d:ShareCapital 2023-10-31 SC042480 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC042480 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC042480 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC042480 c:OrdinaryShareClass1 2024-10-31 SC042480 c:OrdinaryShareClass1 2023-10-31 SC042480 c:OrdinaryShareClass2 2023-11-01 2024-10-31 SC042480 c:OrdinaryShareClass2 2024-10-31 SC042480 c:OrdinaryShareClass2 2023-10-31 SC042480 c:OrdinaryShareClass3 2023-11-01 2024-10-31 SC042480 c:OrdinaryShareClass3 2024-10-31 SC042480 c:OrdinaryShareClass3 2023-10-31 SC042480 c:OrdinaryShareClass4 2023-11-01 2024-10-31 SC042480 c:OrdinaryShareClass4 2024-10-31 SC042480 c:OrdinaryShareClass4 2023-10-31 SC042480 c:FRS102 2023-11-01 2024-10-31 SC042480 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC042480 c:FullAccounts 2023-11-01 2024-10-31 SC042480 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC042480 d:WithinOneYear 2024-10-31 SC042480 d:WithinOneYear 2023-10-31 SC042480 d:BetweenOneFiveYears 2024-10-31 SC042480 d:BetweenOneFiveYears 2023-10-31 SC042480 d:MoreThanFiveYears 2024-10-31 SC042480 d:MoreThanFiveYears 2023-10-31 SC042480 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 SC042480 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC042480










CROSBIE MATTHEW FUNERAL DIRECTORS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 

COMPANY INFORMATION


Directors
Mr G Milne 
Mrs S Milne 




Company secretary
Mr P Aitken



Registered number
SC042480



Registered office
199 Nicol Street

Kirkcaldy

Fife

KY1 1PF




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
REGISTERED NUMBER:SC042480

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
31,675
49,775

Tangible assets
 5 
1,832,132
1,586,243

  
1,863,807
1,636,018

Current assets
  

Stocks
  
119,802
123,512

Debtors: amounts falling due within one year
 6 
85,915
263,765

Cash at bank and in hand
  
630,540
456,336

  
836,257
843,613

Creditors: amounts falling due within one year
 7 
(258,961)
(426,843)

Net current assets
  
 
 
577,296
 
 
416,770

Total assets less current liabilities
  
2,441,103
2,052,788

Creditors: amounts falling due after more than one year
 8 
(213,864)
-

Provisions for liabilities
  

Deferred tax
  
(260,867)
(191,387)

  
 
 
(260,867)
 
 
(191,387)

Net assets
  
1,966,372
1,861,401


Capital and reserves
  

Called up share capital 
 9 
100,000
100,000

Profit and loss account
  
1,866,372
1,761,401

  
1,966,372
1,861,401


Page 1

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
REGISTERED NUMBER:SC042480

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2025.




Mrs S Milne
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number SC042480. The registered office address is 199 Nicol Street, Kirkcaldy, Fife, KY1 1PF.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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.

 
2.3

Operating leases: the Company as lessee

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

Page 3

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred 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.

The current 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.


All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance method.

Depreciation is provided on the following basis:

Heritable property
-
2% Straight line
Leasehold property
-
5% Straight line
Motor vehicles
-
10% - 12% Straight line & 25% Reducing balance
Fixtures and fittings
-
20% Reducing balance & 33% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 21).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
181,000



At 31 October 2024

181,000



Amortisation


At 1 November 2023
131,225


Charge for the year on owned assets
18,100



At 31 October 2024

149,325



Net book value



At 31 October 2024
31,675



At 31 October 2023
49,775



Page 6

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Heritable property
Leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
814,427
888,649
840,855
405,838
2,949,769


Additions
-
20,859
723,344
636
744,839


Disposals
-
-
(734,044)
-
(734,044)



At 31 October 2024

814,427
909,508
830,155
406,474
2,960,564



Depreciation


At 1 November 2023
220,194
427,245
388,687
327,400
1,363,526


Charge for the year on owned assets
14,669
44,843
112,747
14,890
187,149


Disposals
-
-
(422,243)
-
(422,243)



At 31 October 2024

234,863
472,088
79,191
342,290
1,128,432



Net book value



At 31 October 2024
579,564
437,420
750,964
64,184
1,832,132



At 31 October 2023
594,233
461,404
452,168
78,438
1,586,243


6.


Debtors

2024
2023
£
£


Trade debtors
65,969
116,669

Prepayments and accrued income
19,946
147,096

85,915
263,765


Page 7

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
129,692
117,588

Other taxation and social security
16,239
91,504

Obligations under finance lease and hire purchase contracts
41,316
120,742

Other creditors
269
28,563

Accruals and deferred income
71,445
68,446

258,961
426,843


Secured loans
Net obligations under hire purchase contracts are secured over the relevant assets.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
213,864
-

213,864
-


Secured loans
Net obligations under hire purchase contracts are secured over the relevant assets.


9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



99,515 (2023 - 99,515) Ordinary shares of £1.00 each
99,515
99,515
100 (2023 - 100) Ordinary A shares of £1.00 each
100
100
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100
285 (2023 - 285) Ordinary C shares of £1.00 each
285
285

100,000

100,000


Page 8

 
CROSBIE MATTHEW FUNERAL DIRECTORS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
26,750
46,000

Later than 1 year and not later than 5 years
100,000
188,700

Later than 5 years
50,000
99,050

176,750
333,750


Page 9