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REGISTERED NUMBER: 04686463 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEAR & NEAR UNDERTAKERS LIMITED

NEAR & NEAR UNDERTAKERS LIMITED (REGISTERED NUMBER: 04686463)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NEAR & NEAR UNDERTAKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr S Near
Mrs J I Near



REGISTERED OFFICE: The Mews
David Street
GRIMSBY
North East Lincolnshire
DN32 9NN



REGISTERED NUMBER: 04686463 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: Barclays Bank plc
P.O.Box No. 11
Hull
HU1 2JB

NEAR & NEAR UNDERTAKERS LIMITED (REGISTERED NUMBER: 04686463)

ABRIDGED BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 296,999 293,582
296,999 293,582

CURRENT ASSETS
Stocks 9,364 12,760
Debtors 15,324 31,286
Cash at bank and in hand 25,373 56,157
50,061 100,203
CREDITORS
Amounts falling due within one year 37,858 50,202
NET CURRENT ASSETS 12,203 50,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,202

343,583

CREDITORS
Amounts falling due after more than one
year

6

(127,259

)

(107,568

)

PROVISIONS FOR LIABILITIES (17,147 ) (18,139 )
NET ASSETS 164,796 217,876

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 2 2
Profit and loss account 164,794 217,874
SHAREHOLDERS' FUNDS 164,796 217,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NEAR & NEAR UNDERTAKERS LIMITED (REGISTERED NUMBER: 04686463)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2025


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 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mr S Near - Director


NEAR & NEAR UNDERTAKERS LIMITED (REGISTERED NUMBER: 04686463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Near & Near Undertakers 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.

Turnover
Turnover represents amounts receivable for goods and services provided in the normal course of business.

Goodwill
Goodwill arising on the acquisition of business, represents the excess of the fair value of consideration over the fair value of identifiable assets and liabilities acquired.

Goodwill is amortised in equal instalments over its expected useful life which is estimated at twenty years, except where it has been identified as impaired in the period, in which case it is written down as appropriate.

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 - 2% Straight Line
Fixtures and fittings - 20% Reducing Balance
Motor vehicles - 20% Reducing Balance, 10% Straight Line and 10% 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.

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.

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.

NEAR & NEAR UNDERTAKERS LIMITED (REGISTERED NUMBER: 04686463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

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 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 200,000
AMORTISATION
At 1 April 2024
and 31 March 2025 200,000
NET BOOK VALUE

At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 605,953
Additions 59,250
Disposals (49,999 )
At 31 March 2025 615,204
DEPRECIATION
At 1 April 2024 312,371
Charge for year 21,839
Eliminated on disposal (16,005 )
At 31 March 2025 318,205
NET BOOK VALUE
At 31 March 2025 296,999
At 31 March 2024 293,582

NEAR & NEAR UNDERTAKERS LIMITED (REGISTERED NUMBER: 04686463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


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 April 2024 49,999
Additions 59,250
Disposals (49,999 )
At 31 March 2025 59,250
DEPRECIATION
At 1 April 2024 16,005
Charge for year 1,006
Eliminated on disposal (16,005 )
At 31 March 2025 1,006
NET BOOK VALUE
At 31 March 2025 58,244
At 31 March 2024 33,994

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.3.25 31.3.24
£    £   

Repayable by instalments
Bank loans more 5 yr by instal - 11,467

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 103,153 121,816

The bank loan is secured by a fixed and floating charges over all of the assets of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr S Near and Mrs J I Near
Balance outstanding at start of year 18,473 54,478
Amounts advanced 58,370 96,820
Amounts repaid (76,843 ) (132,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 18,473