Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 02118945 Mr A I Hazel Mrs L A Hazel Mrs L A Hazel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02118945 2023-10-31 02118945 2024-10-31 02118945 2023-11-01 2024-10-31 02118945 frs-core:CurrentFinancialInstruments 2024-10-31 02118945 frs-core:BetweenOneFiveYears 2024-10-31 02118945 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 02118945 frs-core:FurnitureFittings 2024-10-31 02118945 frs-core:FurnitureFittings 2023-11-01 2024-10-31 02118945 frs-core:FurnitureFittings 2023-10-31 02118945 frs-core:NetGoodwill 2024-10-31 02118945 frs-core:NetGoodwill 2023-11-01 2024-10-31 02118945 frs-core:NetGoodwill 2023-10-31 02118945 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 02118945 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02118945 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 02118945 frs-core:MotorVehicles 2024-10-31 02118945 frs-core:MotorVehicles 2023-11-01 2024-10-31 02118945 frs-core:MotorVehicles 2023-10-31 02118945 frs-core:WithinOneYear 2024-10-31 02118945 frs-core:ShareCapital 2024-10-31 02118945 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02118945 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02118945 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02118945 frs-bus:SmallEntities 2023-11-01 2024-10-31 02118945 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02118945 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02118945 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 02118945 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 02118945 frs-core:CostValuation 2023-10-31 02118945 frs-core:CostValuation 2024-10-31 02118945 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 02118945 frs-core:ProvisionsForImpairmentInvestments 2024-10-31 02118945 frs-bus:Director1 2023-11-01 2024-10-31 02118945 frs-bus:Director2 2023-11-01 2024-10-31 02118945 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02118945 frs-countries:EnglandWales 2023-11-01 2024-10-31 02118945 2022-10-31 02118945 2023-10-31 02118945 2022-11-01 2023-10-31 02118945 frs-core:CurrentFinancialInstruments 2023-10-31 02118945 frs-core:BetweenOneFiveYears 2023-10-31 02118945 frs-core:WithinOneYear 2023-10-31 02118945 frs-core:ShareCapital 2023-10-31 02118945 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02118945 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 02118945
IAN HAZEL FUNERALS LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 02118945
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 435,206 457,701
Investment Properties 6 556,488 556,488
Investments 7 11,902 11,902
1,003,596 1,026,091
CURRENT ASSETS
Stocks 8 38,200 56,330
Debtors 9 204,800 224,153
Cash at bank and in hand 1,663,857 1,844,175
1,906,857 2,124,658
Creditors: Amounts Falling Due Within One Year 10 (209,577 ) (404,359 )
NET CURRENT ASSETS (LIABILITIES) 1,697,280 1,720,299
TOTAL ASSETS LESS CURRENT LIABILITIES 2,700,876 2,746,390
PROVISIONS FOR LIABILITIES
Deferred Taxation (129,000 ) (130,000 )
NET ASSETS 2,571,876 2,616,390
CAPITAL AND RESERVES
Called up share capital 11 45,000 45,000
Fair value reserve 14 281,179 281,179
Income Statement 2,245,697 2,290,211
SHAREHOLDERS' FUNDS 2,571,876 2,616,390
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr A I Hazel
Director
Mrs L A Hazel
Director
16/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IAN HAZEL FUNERALS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02118945 . The registered office is 274 Lichfield Road, Sutton Coldfield, West Midlands, B74 2UH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2.2. Turnover
Turnover is the total amount receivable by the Company in the ordinary course of business for work executed and services provided.
Payments received by the Company in advance for disbursements are not recognised in the accounts until the date of the funeral.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquistion of a business in 2000, is being amortised evenly over its estimated useful life of 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold 2%, 5% and 10% straight line
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.6. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.
2.7. Leasing and Hire Purchase Contracts
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2.8. Stocks and Work in Progress
Stock in trade has been valued at the lower of cost or net realisable value.
2.9. Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.10. Pensions
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2.11. Government Grant
Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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Page 4
2.12. Pre-arranged Funerals Plans
The Company sells pre-arranged funeral plans, monies received from selling funeral plans being held either by independent pre-arranged funeral plan trusts or in whole of life assurance policies.
Payments are received by the Company from the trust or policy when the funeral is ultimately performed in accordance with the terms of the relevant trust's deed or policy arrangement.
Neither the sales value of plans nor the costs of providing funerals are recognised in the accounts of the Company when a pre-arranged funeral plan is sold.
2.13. Fixed assets investments
Fixed asset investments are stated at fair value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 24)
23 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 25,000
As at 31 October 2024 25,000
Amortisation
As at 1 November 2023 25,000
As at 31 October 2024 25,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 198,587 900,861 525,174 1,624,622
Additions - 51,283 2,824 54,107
Disposals - (19,404 ) - (19,404 )
As at 31 October 2024 198,587 932,740 527,998 1,659,325
Depreciation
As at 1 November 2023 46,943 648,530 471,448 1,166,921
Provided during the period 3,801 60,528 11,307 75,636
Disposals - (18,438 ) - (18,438 )
As at 31 October 2024 50,744 690,620 482,755 1,224,119
Net Book Value
As at 31 October 2024 147,843 242,120 45,243 435,206
As at 1 November 2023 151,644 252,331 53,726 457,701
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Page 5
Included in freehold land and property are improvements to premises with a cost of £198,587.
6. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 556,488
7. Investments
Other
£
Cost
As at 1 November 2023 11,902
As at 31 October 2024 11,902
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 11,902
As at 1 November 2023 11,902
8. Stocks
2024 2023
£ £
Stock - finished goods 38,200 56,330
9. Debtors
2024 2023
£ £
Due within one year
Trade debtors 88,366 144,476
Other debtors 110,034 79,677
198,400 224,153
Due after more than one year
Other debtors 6,400 -
204,800 224,153
10. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 79,998 214,365
Other creditors 99,282 64,955
Taxation and social security 30,297 125,039
209,577 404,359
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 45,000 45,000
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 112,042 112,042
Later than one year and not later than five years 350,381 316,304
462,423 428,346
13. Directors Advances, Credits and Guarantees
Guarantees and contingent assets and liabilities
Contingent Assets
At 31st October 2024, the Company had contingent assets of monies received from selling funeral plans which were held in prepaid funeral trusts. The amounts held were as follows:
Ecclesiastical Life Ltd £3,000, Help the Aged £2,140, Golden Charter £14,488, Advanced Planning £3,245, Golden Leaves £21,822, Pride Planning £12,030, and Age Concern £1,350.
The amounts shown are prices at inception of the relevant policies and should return a higher figure at the time of need.
At 31st October 2024, the Company also had contingent assets of monies received from selling funeral plans which are held in a whole of life assurance policy. The amounts held were as follows:
Perfect Choice with Ecclesiastical Life Ltd £1,262,378.
The amount shown is the actuarial value at 31st October 2024.
Neither the sales value of plans nor the cost of providing funerals are recognised in the accounts of the Company.
14. Reserves
Fair Value Reserve
£
As at 1 November 2023 281,179
As at 31 October 2024 281,179
15. Related Party Transactions
Mr A I Hazel and Mrs L A Hazel are both directors and shareholders of the Company

Mr A I Hazel and Mrs L A Hazel are both directors and shareholders of the Company

The Company owed Mr A I Hazel £341, at 31st October 2024 (2023 : £578). No interest has been charged in respect of this loan.
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