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REGISTERED NUMBER: 05928608 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Alderson and Horan Funeral Services Ltd

Alderson and Horan Funeral Services Ltd (Registered number: 05928608)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Alderson and Horan Funeral Services Ltd

Company Information
for the year ended 30 September 2024







DIRECTOR: S Alderson





SECRETARY: S Alderson





REGISTERED OFFICE: 128 Rossendale Road
Burnley
Lancashire
BB11 5DH





REGISTERED NUMBER: 05928608 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Alderson and Horan Funeral Services Ltd (Registered number: 05928608)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 7,040 10,560
Tangible assets 5 1,289,689 1,329,559
1,296,729 1,340,119

CURRENT ASSETS
Stocks 25,441 27,034
Debtors 1,010,181 1,012,310
Cash at bank and in hand 966,142 851,154
2,001,764 1,890,498
CREDITORS
Amounts falling due within one year 227,623 281,121
NET CURRENT ASSETS 1,774,141 1,609,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,070,870

2,949,496

CREDITORS
Amounts falling due after more than one
year

(23,973

)

(63,440

)

PROVISIONS FOR LIABILITIES (6,854 ) (7,193 )
NET ASSETS 3,040,043 2,878,863

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 3,040,041 2,878,861
SHAREHOLDERS' FUNDS 3,040,043 2,878,863

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.

Alderson and Horan Funeral Services Ltd (Registered number: 05928608)

Abridged Balance Sheet - continued
30 September 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 May 2025 and were signed by:





S Alderson - Director


Alderson and Horan Funeral Services Ltd (Registered number: 05928608)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Alderson and Horan Funeral Services Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

The company provides funeral services. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 5% on reducing balance and 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


Alderson and Horan Funeral Services Ltd (Registered number: 05928608)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

Alderson and Horan Funeral Services Ltd (Registered number: 05928608)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 70,400
AMORTISATION
At 1 October 2023 59,840
Amortisation for year 3,520
At 30 September 2024 63,360
NET BOOK VALUE

At 30 September 2024 7,040
At 30 September 2023 10,560

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 2,213,056
Additions 49,460
At 30 September 2024 2,262,516
DEPRECIATION
At 1 October 2023 883,497
Charge for year 89,330
At 30 September 2024 972,827
NET BOOK VALUE
At 30 September 2024 1,289,689
At 30 September 2023 1,329,559

Alderson and Horan Funeral Services Ltd (Registered number: 05928608)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2023
and 30 September 2024 364,699
DEPRECIATION
At 1 October 2023 278,154
Charge for year 21,636
At 30 September 2024 299,790
NET BOOK VALUE
At 30 September 2024 64,909
At 30 September 2023 86,545

6. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank loans 62,373 99,200
Hire purchase contracts - 5,521
62,373 104,721

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
2 Ordinary £1 2 2

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30/9/24 30/9/23
£    £   
S Alderson
Balance outstanding at start of year 45,209 (489 )
Amounts advanced 22,748 79,687
Amounts repaid (53,033 ) (33,989 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,924 45,209

Alderson and Horan Funeral Services Ltd (Registered number: 05928608)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Alderson.