7
01/10/2023
30/09/2024
2024-09-30
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No description of principal activities is disclosed
2023-10-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
04534076
2023-10-01
2024-09-30
04534076
2024-09-30
04534076
2023-09-30
04534076
2022-10-01
2023-09-30
04534076
2023-09-30
04534076
2022-09-30
04534076
bus:Director3
2023-10-01
2024-09-30
04534076
core:NetGoodwill
2024-09-30
04534076
core:LandBuildings
core:ShortLeaseholdAssets
2023-09-30
04534076
core:FurnitureFittingsToolsEquipment
2023-09-30
04534076
core:MotorVehicles
2023-09-30
04534076
core:LandBuildings
core:ShortLeaseholdAssets
2024-09-30
04534076
core:FurnitureFittingsToolsEquipment
2024-09-30
04534076
core:MotorVehicles
2024-09-30
04534076
core:WithinOneYear
2024-09-30
04534076
core:WithinOneYear
2023-09-30
04534076
core:AfterOneYear
2024-09-30
04534076
core:LandBuildings
core:ShortLeaseholdAssets
2023-10-01
2024-09-30
04534076
core:FurnitureFittingsToolsEquipment
2023-10-01
2024-09-30
04534076
core:MotorVehicles
2023-10-01
2024-09-30
04534076
core:ShareCapital
2024-09-30
04534076
core:ShareCapital
2023-09-30
04534076
core:RetainedEarningsAccumulatedLosses
2024-09-30
04534076
core:RetainedEarningsAccumulatedLosses
2023-09-30
04534076
core:NetGoodwill
2023-09-30
04534076
core:FurnitureFittingsToolsEquipment
2023-09-30
04534076
core:MotorVehicles
2023-09-30
04534076
bus:SmallEntities
2023-10-01
2024-09-30
04534076
bus:AuditExemptWithAccountantsReport
2023-10-01
2024-09-30
04534076
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
04534076
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
04534076
bus:FullAccounts
2023-10-01
2024-09-30
04534076
core:NetGoodwill
2023-10-01
2024-09-30
Company registration number:
04534076
Adams Read and Hocking (Funeral Directors) Limited
Unaudited filleted financial statements
For the year ended
30 September 2024
Adams Read and Hocking (Funeral Directors) Limited
Contents
Statement of financial position
Notes to the financial statements
Adams Read and Hocking (Funeral Directors) Limited
Statement of financial position
30 September 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
3 |
- |
|
|
|
- |
|
|
|
Tangible assets |
|
4 |
260,215 |
|
|
|
31,908 |
|
|
|
Investment property |
|
|
- |
|
|
|
- |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
|
|
260,215 |
|
|
|
31,908 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Stocks |
|
|
30,669 |
|
|
|
32,560 |
|
|
|
Debtors |
|
5 |
200,878 |
|
|
|
184,773 |
|
|
|
Cash at bank and in hand |
|
|
64,403 |
|
|
|
20,977 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
295,950 |
|
|
|
238,310 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
162,576) |
|
|
|
(
173,002) |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
Net current assets |
|
|
|
|
133,374 |
|
|
|
65,308 |
|
|
|
|
|
________ |
|
|
|
________ |
|
Total assets less current liabilities |
|
|
|
|
393,589 |
|
|
|
97,216 |
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
163,265) |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
46,335 |
|
|
|
2,956 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
________ |
|
|
|
________ |
|
Net assets |
|
|
|
|
276,659 |
|
|
|
100,172 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
148 |
|
|
|
148 |
|
Profit and loss account |
|
|
|
|
276,511 |
|
|
|
100,024 |
|
|
|
|
|
________ |
|
|
|
________ |
|
Shareholders funds |
|
|
|
|
276,659 |
|
|
|
100,172 |
|
|
|
|
|
________ |
|
|
|
________ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
04 June 2025
, and are signed on behalf of the board by:
Mrs W Parke
Director
Company registration number:
04534076
Adams Read and Hocking (Funeral Directors) Limited
Notes to the financial statements
Year ended 30 September 2024
1.
Accounting policies
Statutory information
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.
Adams Read and Hocking (Funeral Directors) Limited is a private company, limited by shares, domiciled in England and Wales, registration number
04534076
. The registered office is The Office, Towerson Street Funeral Home, Towerson Street, CA23 3EL.
Basis of preparation
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A small entities. There were no material departures from that standard.The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same financial statements.
Turnover
Turnover consists of the sales value, excluding VAT, of all work done in the period under contracts to supply goods and services to third parties. It includes the relevant proportion of contract values where work is partially performed in the period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
| Goodwill |
- |
Straight line over 20 years |
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible fixed assets are included at cost less depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
Short leasehold property |
- |
Straight line over the life of the lease |
|
Fittings fixtures and equipment |
- |
10 - 25% straight line |
|
Motor vehicles |
- |
25% straight line |
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in comprehensive income when due.
2.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2023:
9
).
3.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 October 2023 and 30 September 2024 |
171,187 |
171,187 |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 October 2023 and 30 September 2024 |
171,187 |
171,187 |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 September 2024 |
- |
- |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
At 30 September 2023 |
- |
- |
|
|
|
|
|
|
________ |
________ |
|
|
|
|
|
|
|
|
|
|
|
|
4.
Tangible assets
|
|
Short leasehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 October 2023 |
9,883 |
93,060 |
390,765 |
493,708 |
|
|
|
|
Additions |
- |
1,291 |
321,850 |
323,141 |
|
|
|
|
Disposals |
- |
- |
(
323,347) |
(
323,347) |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
At 30 September 2024 |
9,883 |
94,351 |
389,268 |
493,502 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 October 2023 |
9,883 |
79,507 |
372,410 |
461,800 |
|
|
|
|
Charge for the year |
- |
5,194 |
89,640 |
94,834 |
|
|
|
|
Disposals |
- |
- |
(
323,347) |
(
323,347) |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
At 30 September 2024 |
9,883 |
84,701 |
138,703 |
233,287 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 September 2024 |
- |
9,650 |
250,565 |
260,215 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
At 30 September 2023 |
- |
13,553 |
18,355 |
31,908 |
|
|
|
|
|
________ |
________ |
________ |
________ |
|
|
|
|
|
|
|
|
|
|
|
|
5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
182,240 |
168,856 |
|
Other debtors |
|
18,638 |
15,917 |
|
|
|
________ |
________ |
|
|
|
200,878 |
184,773 |
|
|
|
________ |
________ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
2,006 |
- |
|
Trade creditors |
|
10,817 |
18,360 |
|
Corporation tax |
|
- |
26,524 |
|
Taxation and social security |
|
1,718 |
1,458 |
|
Directors loan account |
|
104,372 |
108,192 |
|
Other creditors |
|
148,035 |
126,660 |
|
|
|
________ |
________ |
|
|
|
266,948 |
281,194 |
|
|
|
________ |
________ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
163,265 |
- |
|
|
|
________ |
________ |
|
|
|
|
|