18 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 178,000 173,550 4,450 178,000 4,450 175,000 175,000 xbrli:pure xbrli:shares iso4217:GBP 08848547 2024-01-01 2024-12-31 08848547 2024-12-31 08848547 2023-12-31 08848547 2023-01-01 2023-12-31 08848547 2023-12-31 08848547 2022-12-31 08848547 core:NetGoodwill 2024-01-01 2024-12-31 08848547 core:LandBuildings core:LongLeaseholdAssets 2024-01-01 2024-12-31 08848547 core:PlantMachinery 2024-01-01 2024-12-31 08848547 core:MotorVehicles 2024-01-01 2024-12-31 08848547 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08848547 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 08848547 bus:Director2 2024-01-01 2024-12-31 08848547 bus:Director3 2024-01-01 2024-12-31 08848547 core:WithinOneYear 2024-12-31 08848547 core:WithinOneYear 2023-12-31 08848547 core:NetGoodwill 2023-12-31 08848547 core:NetGoodwill 2024-12-31 08848547 core:LandBuildings 2023-12-31 08848547 core:PlantMachinery 2023-12-31 08848547 core:MotorVehicles 2023-12-31 08848547 core:LandBuildings 2024-12-31 08848547 core:PlantMachinery 2024-12-31 08848547 core:MotorVehicles 2024-12-31 08848547 core:LandBuildings 2024-01-01 2024-12-31 08848547 core:AfterOneYear 2024-12-31 08848547 core:AfterOneYear 2023-12-31 08848547 core:ShareCapital 2024-12-31 08848547 core:ShareCapital 2023-12-31 08848547 core:RetainedEarningsAccumulatedLosses 2024-12-31 08848547 core:RetainedEarningsAccumulatedLosses 2023-12-31 08848547 core:NetGoodwill 2023-12-31 08848547 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 08848547 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-12-31 08848547 core:LandBuildings 2023-12-31 08848547 core:PlantMachinery 2023-12-31 08848547 core:MotorVehicles 2023-12-31 08848547 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-12-31 08848547 bus:SmallEntities 2024-01-01 2024-12-31 08848547 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08848547 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08848547 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08848547 bus:FullAccounts 2024-01-01 2024-12-31 08848547 bus:OrdinaryShareClass1 2024-12-31 08848547 bus:OrdinaryShareClass1 2023-12-31 08848547 bus:OrdinaryShareClass2 2024-12-31 08848547 bus:OrdinaryShareClass2 2023-12-31 08848547 bus:AllOrdinaryShares 2024-12-31 08848547 bus:AllOrdinaryShares 2023-12-31
COMPANY REGISTRATION NUMBER: 08848547
PJK Funeral Directors Ltd
Filleted Unaudited Financial Statements
31 December 2024
PJK Funeral Directors Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
4,450
Tangible assets
6
287,735
299,880
---------
---------
287,735
304,330
Current assets
Stocks
3,500
3,798
Debtors
8
451,046
165,022
Cash at bank and in hand
200,802
360,713
---------
---------
655,348
529,533
Creditors: amounts falling due within one year
9
184,705
176,670
---------
---------
Net current assets
470,643
352,863
---------
---------
Total assets less current liabilities
758,378
657,193
Creditors: amounts falling due after more than one year
10
33,549
38,008
---------
---------
Net assets
724,829
619,185
---------
---------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
724,729
619,085
---------
---------
Shareholders funds
724,829
619,185
---------
---------
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.
For the year ending 31 December 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 .
PJK Funeral Directors Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 6 June 2025 , and are signed on behalf of the board by:
Mrs M R Bone
Mr P J King
Director
Director
Company registration number: 08848547
PJK Funeral Directors Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Causeway House, 37-39 The Causeway, Maldon, Essex, CM9 4LJ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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
-
10% straight line
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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Leasehold improvements
-
10% straight line
Plant & machinery
-
20% straight line
Motor Vehicles
-
20% straight line
Office equipment/fixtures & fittings
-
20 % straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2023: 18 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
178,000
---------
Amortisation
At 1 January 2024
173,550
Charge for the year
4,450
---------
At 31 December 2024
178,000
---------
Carrying amount
At 31 December 2024
---------
At 31 December 2023
4,450
---------
6. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
226,481
75,453
740,787
25,489
1,068,210
Additions
535
30,990
901
32,426
Disposals
( 10,318)
( 10,318)
---------
--------
---------
--------
------------
At 31 December 2024
226,481
75,988
761,459
26,390
1,090,318
---------
--------
---------
--------
------------
Depreciation
At 1 January 2024
17,463
58,045
672,566
20,256
768,330
Charge for the year
4,753
6,407
21,521
3,292
35,973
Disposals
( 1,720)
( 1,720)
---------
--------
---------
--------
------------
At 31 December 2024
22,216
64,452
692,367
23,548
802,583
---------
--------
---------
--------
------------
Carrying amount
At 31 December 2024
204,265
11,536
69,092
2,842
287,735
---------
--------
---------
--------
------------
At 31 December 2023
209,018
17,408
68,221
5,233
299,880
---------
--------
---------
--------
------------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 31 December 2024
24,573
--------
At 31 December 2023
--------
7. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
175,000
---------
Impairment
At 1 January 2024 and 31 December 2024
175,000
---------
Carrying amount
At 31 December 2024
---------
At 31 December 2023
---------
8. Debtors
2024
2023
£
£
Trade debtors
79,634
53,400
Amounts owed by group undertakings
352,275
99,871
Prepayments and accrued income
2,607
3,660
Other debtors
16,530
8,091
---------
---------
451,046
165,022
---------
---------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
60,540
27,645
Accruals and deferred income
32,932
55,843
Corporation tax
46,992
53,851
Social security and other taxes
9,936
7,525
Obligations under finance leases and hire purchase contracts
26,521
18,854
Director loan accounts
673
2,126
Other creditors
7,111
10,826
---------
---------
184,705
176,670
---------
---------
The obligations under hire purchase contracts are secured on the assets to which they relate.
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
33,549
38,008
--------
--------
The obligations under hire purchase contracts are secured on the assets to which they relate.
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
A Ordinary shares of £ 1 each
50
50
50
50
B Ordinary shares of £ 1 each
50
50
50
50
----
----
----
----
100
100
100
100
----
----
----
----
12. Charges on assets
There is a fixed and floating charge in place on the property of the company for security of loans held in a related company.
13. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Other related parties
( 26,800)
352,275
99,871
Director's loan account
( 673)
( 2,126)
--------
----
---------
--------
The company is parent company and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned group companies or other companies within the group.