Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Stewart Mcfarlane 07/03/2000 David Millar Orr 14/02/2022 18 April 2025 The principal activity of the Company during the financial year continued to be that of funeral related activities. SC204660 2024-07-31 SC204660 bus:Director1 2024-07-31 SC204660 bus:Director2 2024-07-31 SC204660 2023-07-31 SC204660 core:CurrentFinancialInstruments 2024-07-31 SC204660 core:CurrentFinancialInstruments 2023-07-31 SC204660 core:ShareCapital 2024-07-31 SC204660 core:ShareCapital 2023-07-31 SC204660 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC204660 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC204660 core:PlantMachinery 2023-07-31 SC204660 core:Vehicles 2023-07-31 SC204660 core:FurnitureFittings 2023-07-31 SC204660 core:PlantMachinery 2024-07-31 SC204660 core:Vehicles 2024-07-31 SC204660 core:FurnitureFittings 2024-07-31 SC204660 2022-07-31 SC204660 bus:OrdinaryShareClass1 2024-07-31 SC204660 2023-08-01 2024-07-31 SC204660 bus:FilletedAccounts 2023-08-01 2024-07-31 SC204660 bus:SmallEntities 2023-08-01 2024-07-31 SC204660 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC204660 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC204660 bus:Director1 2023-08-01 2024-07-31 SC204660 bus:Director2 2023-08-01 2024-07-31 SC204660 core:PlantMachinery 2023-08-01 2024-07-31 SC204660 core:Vehicles 2023-08-01 2024-07-31 SC204660 core:FurnitureFittings 2023-08-01 2024-07-31 SC204660 2022-08-01 2023-07-31 SC204660 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 SC204660 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC204660 (Scotland)

STRATHMORE FUNERAL DIRECTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

STRATHMORE FUNERAL DIRECTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

STRATHMORE FUNERAL DIRECTORS LIMITED

BALANCE SHEET

AS AT 31 JULY 2024
STRATHMORE FUNERAL DIRECTORS LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 205,644 58,030
Investments 4 318,084 317,008
523,728 375,038
Current assets
Stocks 26,003 24,407
Debtors 5 184,360 134,645
Cash at bank and in hand 910,519 1,000,405
1,120,882 1,159,457
Creditors: amounts falling due within one year 6 ( 73,676) ( 90,795)
Net current assets 1,047,206 1,068,662
Total assets less current liabilities 1,570,934 1,443,700
Provision for liabilities 7 ( 36,105) ( 12,902)
Net assets 1,534,829 1,430,798
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 1,534,827 1,430,796
Total shareholder's funds 1,534,829 1,430,798

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Strathmore Funeral Directors Limited (registered number: SC204660) were approved and authorised for issue by the Board of Directors on 18 April 2025. They were signed on its behalf by:

Stewart Mcfarlane
Director
STRATHMORE FUNERAL DIRECTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
STRATHMORE FUNERAL DIRECTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Strathmore Funeral Directors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 15 Academy Street, Forfar, DD8 2HA, Scotland, United Kingdom. The principal place of business is 4 Roberts Street, Forfar, DD8 3DG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts invoiced during the year for funeral and related activities.

Turnover is recognised when the company has entitlement to the income in exchange for the provision of services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 August 2023 83,549 78,172 83,118 244,839
Additions 5,310 164,084 2,013 171,407
At 31 July 2024 88,859 242,256 85,131 416,246
Accumulated depreciation
At 01 August 2023 41,014 70,694 75,101 186,809
Charge for the financial year 11,698 11,149 946 23,793
At 31 July 2024 52,712 81,843 76,047 210,602
Net book value
At 31 July 2024 36,147 160,413 9,084 205,644
At 31 July 2023 42,535 7,478 8,017 58,030

4. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 318,084 317,008

5. Debtors

2024 2023
£ £
Trade debtors 182,332 131,440
Other debtors 2,028 3,205
184,360 134,645

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 18,582 6,504
Taxation and social security 17,398 25,510
Other creditors 37,696 58,781
73,676 90,795

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 12,902) ( 5,387)
Charged to the Profit and Loss Account ( 23,203) ( 7,515)
At the end of financial year ( 36,105) ( 12,902)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed to Directors 31,595 52,909