L.Hawkins & Sons Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 00673664 (England and Wales)
L.Hawkins & Sons Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
L.Hawkins & Sons Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
344,019
340,326
Current assets
Stock
22,621
45,513
Debtors
4
190,483
240,581
Cash at bank and in hand
489,865
480,552
702,969
766,646
Creditors: amounts falling due within one year
5
(104,063)
(104,254)
Net current assets
598,906
662,392
Total assets less current liabilities
942,925
1,002,718
Provisions for liabilities
(75,799)
(73,928)
Net assets
867,126
928,790
Capital and reserves
Called up share capital
6
6,300
6,300
Revaluation reserve
7
14,761
14,761
Profit and loss reserves
846,065
907,729
Total equity
867,126
928,790

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

L.Hawkins & Sons Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 1 August 2025 and are signed on its behalf by:
Mr. C. Haynes
Director
Company Registration No. 00673664
L.Hawkins & Sons Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

L.Hawkins & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2a Highlands Road, Leatherhead, Surrey, KT22 8ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with the provisions applicable to small companies regime, and in accordance with the provisions of FRS 102 Section 1A “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for the activities of funeral direction and stonemasonry. Turnover is recognised at the date the funeral is held or to the extent that stone works are complete.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land
nil
Leasehold buildings
2% straight line
Plant and machinery
10% reducing balance
Fixtures, fittings & equipment
10% reducing balance
Computer equipment
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

L.Hawkins & Sons Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.5
Stock

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

 

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instrument classified as other, or basic financial instruments measured at fair value.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

L.Hawkins & Sons Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

The company makes contributions to a defined contribution scheme, the assets of the scheme being held separately from the assets of the company. The pension cost charge represents contributions payable to the scheme. One director was part of the money purchase scheme in the year (2022:1).

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
11
8
L.Hawkins & Sons Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 6
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
522,214
297,857
820,071
Additions
-
0
26,237
26,237
Disposals
-
0
(22,824)
(22,824)
At 31 December 2024
522,214
301,270
823,484
Depreciation and impairment
At 1 January 2024
207,830
271,915
479,745
Depreciation charged in the year
10,144
11,994
22,138
Eliminated in respect of disposals
-
0
(22,418)
(22,418)
At 31 December 2024
217,974
261,491
479,465
Carrying amount
At 31 December 2024
304,240
39,779
344,019
At 31 December 2023
314,384
25,942
340,326
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
104,755
115,526
Corporation tax recoverable
17,956
-
0
Other debtors
1,250
4,983
Prepayments and accrued income
66,522
120,072
190,483
240,581
L.Hawkins & Sons Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 7
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
64
-
0
Trade creditors
46,137
21,638
Corporation tax
-
0
17,153
Other taxation and social security
21,523
24,597
Other creditors
25,740
29,655
Accruals and deferred income
10,599
11,211
104,063
104,254
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
6,300
6,300
6,300
6,300
7
Revaluation reserve
2024
2023
£
£
At the beginning and end of the year
14,761
14,761

The revaluation reserve relates to a surplus on revaluation of freehold land.

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
-
0
10,000
9
Parent company

The company is controlled by the trustees of Mr B Hawkins (deceased) by virtue of their shareholding in the company.

10
Directors' transactions

During the year £89,330 (2023: £79,219) was paid to the directors of the company for their service to the company.

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