Company registration number 6310777 (England and Wales)
FREEDOM FUNERALS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
FREEDOM FUNERALS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FREEDOM FUNERALS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
118,896
-
0
Tangible assets
4
77,354
-
0
196,250
-
0
Current assets
Debtors
5
10,844
-
0
Cash at bank and in hand
11,731
1
22,575
1
Creditors: amounts falling due within one year
6
(43,059)
-
0
Net current (liabilities)/assets
(20,484)
1
Total assets less current liabilities
175,766
1
Creditors: amounts falling due after more than one year
7
(228,532)
-
0
Net (liabilities)/assets
(52,766)
1
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(52,767)
-
0
Total equity
(52,766)
1
FREEDOM FUNERALS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 April 2025 and are signed on its behalf by:
C Partner
Director
Company registration number 6310777 (England and Wales)
FREEDOM FUNERALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information

Freedom Funerals Limited is a private company limited by shares incorporated in England and Wales. The registered office is York House, 41 Mersea Road, Colchester, CO2 7QT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company is a wholly owned subsidiary of The Hunnaball Family Funeral Group Limited. The group has taken advantage of the the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
20% reducing balance

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.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of 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).

FREEDOM FUNERALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and is defined as all cash held in instant access bank accounts and petty cash.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Basic financial instruments are initially recognised at transaction price and are subsequently carried at amortised cost. Other financial instruments, where applicable, are initially valued at cost and subsequently carried at fair value, with any gains or losses taken to the profit and loss.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
2
FREEDOM FUNERALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2023
-
0
Additions
148,616
At 31 August 2024
148,616
Amortisation and impairment
At 1 September 2023
-
0
Amortisation charged for the year
29,720
At 31 August 2024
29,720
Carrying amount
At 31 August 2024
118,896
At 31 August 2023
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023
-
0
Additions
101,504
Disposals
(5,000)
At 31 August 2024
96,504
Depreciation and impairment
At 1 September 2023
-
0
Depreciation charged in the year
19,150
At 31 August 2024
19,150
Carrying amount
At 31 August 2024
77,354
At 31 August 2023
-
0
FREEDOM FUNERALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,500
-
0
Other debtors
3,344
-
0
10,844
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,439
-
0
Other creditors
35,620
-
0
43,059
-
0
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
228,532
-
0
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
336,753
-
0
9
Parent company

The company is a wholly owned subsidiary of The Hunnaball Family Funeral Group Limited.

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