REGISTERED NUMBER: 01579794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

A. & M. HADFIELD (FUNERAL DIRECTORS)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M Hadfield

Miss B Hadfield

SECRETARY:

Miss B Hadfield

REGISTERED OFFICE:

247 Burton Road

Monk Bretton

Barnsley

South Yorkshire

S71 2QE

REGISTERED NUMBER:

01579794 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Barclays Bank Plc

10 - 18 Queen Street

Barnsley

South Yorkshire

S70 2AJ

FIXED ASSETS

Tangible assets

4

456,023

465,421

CURRENT ASSETS

Stocks

5

14,048

13,379

Debtors

6

318,106

268,083

Cash at bank and in hand

1,338,082

1,472,245

1,670,236

1,753,707

CREDITORS

Amounts falling due within one year

7

105,425

235,426

NET CURRENT ASSETS

1,564,811

1,518,281

TOTAL ASSETS LESS CURRENT LIABILITIES

2,020,834

1,983,702

PROVISIONS FOR LIABILITIES

10,579

6,846

NET ASSETS

2,010,255

1,976,856

CAPITAL AND RESERVES

Called up share capital

8

150

150

Retained earnings

2,010,105

1,976,706

SHAREHOLDERS' FUNDS

2,010,255

1,976,856

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:

Miss B Hadfield - Director

1.	STATUTORY INFORMATION

A. & M. Hadfield (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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from funeral directing is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings

- 2% reducing balance

Motor vehicles

- 25%, 15% & 10% reducing balance

Plant and equipment

- 20% reducing balance & 33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

Pension costs

The company makes employer contributions into employee private pension schemes. The annual contributions payable are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2023

503,968

113,119

504,509

1,121,596

Additions

-

21,261

-

21,261

At 30 September 2024

503,968

134,380

504,509

1,142,857

DEPRECIATION

At 1 October 2023

150,342

96,554

409,279

656,175

Charge for year

7,073

8,297

15,289

30,659

At 30 September 2024

157,415

104,851

424,568

686,834

NET BOOK VALUE

At 30 September 2024

346,553

29,529

79,941

456,023

At 30 September 2023

353,626

16,565

95,230

465,421

5.

STOCKS

30.9.24

30.9.23

£

£

Stocks

14,048

13,379

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

235,582

244,582

Other debtors

79,356

14,000

Prepayments and accrued income

3,168

9,501

318,106

268,083

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

18,188

38,436

Corporation tax

37,384

164,284

PAYE and NIC

81

-

Other creditors

1,491

2,321

Directors' current accounts

15,441

25,071

Accruals and deferred income

32,840

5,314

105,425

235,426

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

50

C Ordinary

£1

50

50

150

150