IRIS Accounts Production v25.1.0.734 09211370 director 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092113702023-09-30092113702024-09-30092113702023-10-012024-09-30092113702022-09-30092113702022-10-012023-09-30092113702023-09-3009211370ns15:EnglandWales2023-10-012024-09-3009211370ns14:PoundSterling2023-10-012024-09-3009211370ns10:Director12023-10-012024-09-3009211370ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009211370ns10:SmallEntities2023-10-012024-09-3009211370ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3009211370ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009211370ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009211370ns10:FullAccounts2023-10-012024-09-300921137012023-10-012024-09-3009211370ns10:OrdinaryShareClass12023-10-012024-09-3009211370ns10:RegisteredOffice2023-10-012024-09-3009211370ns5:CurrentFinancialInstruments2024-09-3009211370ns5:CurrentFinancialInstruments2023-09-3009211370ns5:Non-currentFinancialInstruments2024-09-3009211370ns5:Non-currentFinancialInstruments2023-09-3009211370ns5:ShareCapital2024-09-3009211370ns5:ShareCapital2023-09-3009211370ns5:RetainedEarningsAccumulatedLosses2024-09-3009211370ns5:RetainedEarningsAccumulatedLosses2023-09-3009211370ns5:NetGoodwill2023-10-012024-09-3009211370ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3009211370ns5:NetGoodwill2023-09-3009211370ns5:NetGoodwill2024-09-3009211370ns5:NetGoodwill2023-09-3009211370ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3009211370ns5:PlantMachinery2023-09-3009211370ns5:MotorVehicles2023-09-3009211370ns5:LandBuildingsns5:ShortLeaseholdAssets2023-10-012024-09-3009211370ns5:PlantMachinery2023-10-012024-09-3009211370ns5:MotorVehicles2023-10-012024-09-3009211370ns5:LandBuildingsns5:ShortLeaseholdAssets2024-09-3009211370ns5:PlantMachinery2024-09-3009211370ns5:MotorVehicles2024-09-3009211370ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3009211370ns5:PlantMachinery2023-09-3009211370ns5:MotorVehicles2023-09-3009211370ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3009211370ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3009211370ns5:WithinOneYear2024-09-3009211370ns5:WithinOneYear2023-09-3009211370ns5:BetweenOneFiveYears2024-09-3009211370ns5:BetweenOneFiveYears2023-09-3009211370ns5:MoreThanFiveYears2024-09-3009211370ns5:MoreThanFiveYears2023-09-3009211370ns5:AllPeriods2024-09-3009211370ns5:AllPeriods2023-09-3009211370ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 09211370 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

James Brothers Funeral Directors Limited

James Brothers Funeral Directors Limited (Registered number: 09211370)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


James Brothers Funeral Directors Limited

COMPANY INFORMATION
for the year ended 30 September 2024







Director: T James





Registered office: Leeds House
Colebrook Road
Plymouth
Devon
PL7 4AA





Registered number: 09211370 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

James Brothers Funeral Directors Limited (Registered number: 09211370)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 25,000 27,500
Tangible assets 5 14,732 23,748
39,732 51,248

Current assets
Debtors 6 11,807 13,680
Cash in hand 334 -
12,141 13,680
Creditors
Amounts falling due within one year 7 126,622 125,361
Net current liabilities (114,481 ) (111,681 )
Total assets less current liabilities (74,749 ) (60,433 )

Creditors
Amounts falling due after more than
one year

8

27,097

1,864
Net liabilities (101,846 ) (62,297 )

Capital and reserves
Called up share capital 10 1,000 1,000
Retained earnings (102,846 ) (63,297 )
Shareholders' funds (101,846 ) (62,297 )

James Brothers Funeral Directors Limited (Registered number: 09211370)

BALANCE SHEET - continued
30 September 2024


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 director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





T James - Director


James Brothers Funeral Directors Limited (Registered number: 09211370)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

James Brothers 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.

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, net of discounts. Turnover includes revenue earned from the provision of funeral services and the sales of related goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over the director's estimate of its useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Equipment15% reducing balance
Motor vehicles25% reducing balance
Leasehold propertyStraight line over initial lease period

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.


James Brothers Funeral Directors Limited (Registered number: 09211370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Going concern
These financial statements have been prepared on a going concern basis. The company is dependent on the support of the director who, along with his immediate family, was owed £57,412 at the balance sheet date. The director has confirmed that funds will continue to be made available into the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

James Brothers Funeral Directors Limited (Registered number: 09211370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 50,000
Amortisation
At 1 October 2023 22,500
Charge for year 2,500
At 30 September 2024 25,000
Net book value
At 30 September 2024 25,000
At 30 September 2023 27,500

5. TANGIBLE FIXED ASSETS
Leasehold Motor
property Equipment vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 32,078 8,876 17,144 58,098
Additions - 319 - 319
Disposals - (415 ) (13,900 ) (14,315 )
At 30 September 2024 32,078 8,780 3,244 44,102
Depreciation
At 1 October 2023 18,917 4,209 11,224 34,350
Charge for year 3,290 718 452 4,460
Eliminated on disposal - (238 ) (9,202 ) (9,440 )
At 30 September 2024 22,207 4,689 2,474 29,370
Net book value
At 30 September 2024 9,871 4,091 770 14,732
At 30 September 2023 13,161 4,667 5,920 23,748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,364 6,430
Other debtors 7,443 7,250
11,807 13,680

James Brothers Funeral Directors Limited (Registered number: 09211370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,438 19,393
Trade creditors 4,938 2,713
Taxation and social security 906 761
Other creditors 84,340 102,494
126,622 125,361

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 27,097 1,864

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,036 13,036
Between one and five years 29,877 41,645
In more than five years - 1,268
42,913 55,949

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following amounts shown to related parties:

T James Director & shareholder £57,057

Mrs S James Wife of director £25,000

12. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director.