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REGISTERED NUMBER: 12199770 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BAKERS FUNERAL SERVICES LIMITED

BAKERS FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 12199770)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAKERS FUNERAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M H Holland
P J Smyth



REGISTERED OFFICE: Eves Corner
Danbury
Chelmsford
Essex
CM3 4QB



REGISTERED NUMBER: 12199770 (England and Wales)



SENIOR STATUTORY AUDITOR: Lee Daley FCA FCCA



AUDITORS: THP Limited
Chartered Accountants
and Statutory Auditors
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE

BAKERS FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 12199770)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,878 18,577

CURRENT ASSETS
Debtors 5 203,959 229,647
Cash at bank and in hand 27,527 40,450
231,486 270,097
CREDITORS
Amounts falling due within one year 6 214,382 196,531
NET CURRENT ASSETS 17,104 73,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,982

92,143

CREDITORS
Amounts falling due after more than one
year

7

-

41,677
NET ASSETS 21,982 50,466

CAPITAL AND RESERVES
Called up share capital 15,383 15,383
Retained earnings 6,599 35,083
21,982 50,466

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





P J Smyth - Director


BAKERS FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 12199770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Bakers Funeral Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources thereto to continue its operational activities for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Revenue from the provision of professional services is recognised once the rendering of the funeral service is complete. Income received prior to the service is recognised within creditors and only released once the service has taken place.

Revenue from the sale of ancillary goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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.

BAKERS FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 12199770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or financial leases are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis. The capital element of the future payment is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 8,481 60,037 68,518
DEPRECIATION
At 1 October 2023 6,643 43,298 49,941
Charge for year 1,696 12,003 13,699
At 30 September 2024 8,339 55,301 63,640
NET BOOK VALUE
At 30 September 2024 142 4,736 4,878
At 30 September 2023 1,838 16,739 18,577

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 60,037
Transfer to ownership (60,037 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 43,298
Charge for year 12,003
Transfer to ownership (55,301 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 16,739

BAKERS FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 12199770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,393 4,614
Other debtors 11,993 10,260
Amounts owed by group undertakings 169,836 204,232
Deferred tax asset
Decelerated capital allowances 6,882 4,751
Prepayments and accrued income 5,855 5,790
203,959 229,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 41,677 55,555
Hire purchase contracts (see note 8) - 1,888
Trade creditors 69,781 56,794
Amounts owed to group undertakings 13,205 -
Corporation tax 10,961 -
Social security and other taxes 3,562 3,566
VAT 1,296 2,356
Other creditors 57,946 63,158
Accruals and deferred income 15,954 13,214
214,382 196,531

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan - 41,677

The bank loan contains no security over the assets of the company. Interest is payable at 4.19%.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 1,888

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,750 14,750
Between one and five years 59,002 59,002
In more than five years 15,980 30,730
89,732 104,482

9. SECURED DEBTS

Bank facilities provided by Barclays Bank Plc are secured by a debenture over the assets of the company and its parent and fellow group undertakings.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Daley FCA FCCA (Senior Statutory Auditor)
for and on behalf of THP Limited

BAKERS FUNERAL SERVICES LIMITED (REGISTERED NUMBER: 12199770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. PARENT COMPANY

The company is a 100% owned subsidiary of Bakers of Danbury Limited which is both the immediate and ultimate parent company and is incorporated in England and Wales.

Registered address : Eves Corner, Danbury, Chelmsford, Essex, CM3 4BQ.