IRIS Accounts Production v25.1.4.42 05547317 director 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055473172023-09-30055473172024-09-30055473172023-10-012024-09-30055473172022-09-30055473172022-10-012023-09-30055473172023-09-3005547317ns15:EnglandWales2023-10-012024-09-3005547317ns14:PoundSterling2023-10-012024-09-3005547317ns10:Director12023-10-012024-09-3005547317ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005547317ns10:SmallEntities2023-10-012024-09-3005547317ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3005547317ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005547317ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005547317ns10:FullAccounts2023-10-012024-09-3005547317ns10:OrdinaryShareClass22023-10-012024-09-3005547317ns10:OrdinaryShareClass32023-10-012024-09-3005547317ns10:RegisteredOffice2023-10-012024-09-3005547317ns5:CurrentFinancialInstruments2024-09-3005547317ns5:CurrentFinancialInstruments2023-09-3005547317ns5:Non-currentFinancialInstruments2024-09-3005547317ns5:Non-currentFinancialInstruments2023-09-3005547317ns5:ShareCapital2024-09-3005547317ns5:ShareCapital2023-09-3005547317ns5:RetainedEarningsAccumulatedLosses2024-09-3005547317ns5:RetainedEarningsAccumulatedLosses2023-09-3005547317ns5:LeaseholdImprovements2023-10-012024-09-3005547317ns5:PlantMachinery2023-10-012024-09-3005547317ns5:FurnitureFittings2023-10-012024-09-3005547317ns5:MotorVehicles2023-10-012024-09-3005547317ns5:LandBuildings2023-09-3005547317ns5:LeaseholdImprovements2023-09-3005547317ns5:PlantMachinery2023-09-3005547317ns5:LandBuildings2023-10-012024-09-3005547317ns5:LandBuildings2024-09-3005547317ns5:LeaseholdImprovements2024-09-3005547317ns5:PlantMachinery2024-09-3005547317ns5:LandBuildings2023-09-3005547317ns5:LeaseholdImprovements2023-09-3005547317ns5:PlantMachinery2023-09-3005547317ns5:FurnitureFittings2023-09-3005547317ns5:MotorVehicles2023-09-3005547317ns5:FurnitureFittings2024-09-3005547317ns5:MotorVehicles2024-09-3005547317ns5:FurnitureFittings2023-09-3005547317ns5:MotorVehicles2023-09-3005547317ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3005547317ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3005547317ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-09-3005547317ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3005547317ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005547317ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3005547317ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3005547317ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3005547317ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3005547317ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3005547317ns5:HirePurchaseContracts2024-09-3005547317ns5:HirePurchaseContracts2023-09-3005547317ns5:DeferredTaxation2023-09-3005547317ns5:DeferredTaxation2023-10-012024-09-3005547317ns5:DeferredTaxation2024-09-3005547317ns10:OrdinaryShareClass22024-09-3005547317ns10:OrdinaryShareClass32024-09-3005547317ns5:RetainedEarningsAccumulatedLosses2023-09-3005547317ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30055473171ns10:Director12023-09-30055473171ns10:Director12022-09-30055473171ns10:Director12023-10-012024-09-30055473171ns10:Director12022-10-012023-09-30055473171ns10:Director12024-09-30055473171ns10:Director12023-09-30
REGISTERED NUMBER: 05547317 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

CLIFFORD WARD FUNERAL DIRECTORS LIMITED

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLIFFORD WARD FUNERAL DIRECTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: R L Billington





REGISTERED OFFICE: Mount Pleasant
Corporation Street
Preston
Lancashire
PR1 2UQ





REGISTERED NUMBER: 05547317 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 456,410 492,480

CURRENT ASSETS
Stocks 5 15,371 13,858
Debtors 6 200,022 309,267
Cash at bank and in hand 159,029 64,828
374,422 387,953
CREDITORS
Amounts falling due within one year 7 (126,897 ) (78,630 )
NET CURRENT ASSETS 247,525 309,323
TOTAL ASSETS LESS CURRENT LIABILITIES 703,935 801,803

CREDITORS
Amounts falling due after more than
one year

8

(12,814

)

(47,956

)

PROVISIONS FOR LIABILITIES 10 (4,375 ) (6,734 )
NET ASSETS 686,746 747,113

CAPITAL AND RESERVES
Called up share capital 11 15 15
Retained earnings 12 686,731 747,098
SHAREHOLDERS' FUNDS 686,746 747,113

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

BALANCE SHEET - continued
30TH SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th June 2025 and were signed by:





R L Billington - Director


CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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


1. STATUTORY INFORMATION

Clifford Ward Funeral Directors 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.

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.

Goods and services
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance and 10% on reducing balance

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

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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


2. ACCOUNTING POLICIES - continued
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 7 (2023 - 7 ) .

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st October 2023 150,000 78,335 6,823
Disposals - - -
At 30th September 2024 150,000 78,335 6,823
DEPRECIATION
At 1st October 2023 - 6,765 4,253
Charge for year - 7,836 385
Eliminated on disposal - - -
At 30th September 2024 - 14,601 4,638
NET BOOK VALUE
At 30th September 2024 150,000 63,734 2,185
At 30th September 2023 150,000 71,570 2,570

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2023 25,278 391,826 652,262
Disposals (940 ) - (940 )
At 30th September 2024 24,338 391,826 651,322
DEPRECIATION
At 1st October 2023 14,350 134,414 159,782
Charge for year 1,041 26,278 35,540
Eliminated on disposal (410 ) - (410 )
At 30th September 2024 14,981 160,692 194,912
NET BOOK VALUE
At 30th September 2024 9,357 231,134 456,410
At 30th September 2023 10,928 257,412 492,480

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2023
and 30th September 2024 330,769
DEPRECIATION
At 1st October 2023 76,935
Charge for year 25,383
At 30th September 2024 102,318
NET BOOK VALUE
At 30th September 2024 228,451
At 30th September 2023 253,834

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 15,371 13,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 26,282 36,903
Other debtors 173,740 272,364
200,022 309,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 9) 35,143 35,143
Trade creditors 19,373 16,823
Taxation and social security 28,993 11,727
Other creditors 43,388 14,937
126,897 78,630

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 9) 12,814 47,956

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 35,143 35,143
Between one and five years 12,814 47,956
47,957 83,099

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 4,375 6,734

Deferred
tax
£   
Balance at 1st October 2023 6,734
Credit to Statement of Income and Retained Earnings during
year

(2,359

)
Balance at 30th September 2024 4,375

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
8 Ordinary A £1 8 8
7 Ordinary B £1 7 7
15 15

CLIFFORD WARD FUNERAL DIRECTORS LIMITED (REGISTERED NUMBER: 05547317)

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


12. RESERVES
Retained
earnings
£   

At 1st October 2023 747,098
Profit for the year 70,633
Dividends (131,000 )
At 30th September 2024 686,731

13. DIRECTORS' AND PARTICIPATORS ADVANCES AND CREDITS

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

30.9.24 30.9.23
£    £   
R L Billington
Balance outstanding at start of year 180,763 278,801
Amounts advanced 65,902 53,962
Amounts repaid (137,915 ) (152,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 108,750 180,763

Interest has been charged at the HMRC approved rate and the maximum balance during the year was £205,875. Amounts are repayable on demand.