2 2 C V Gower Funeral Directors Ltd 08798245 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the principal activity of the company during the year was that of a funeral directors. Digita Accounts Production Advanced 6.30.9574.0 true 08798245 2024-01-01 2024-12-31 08798245 2024-12-31 08798245 core:CurrentFinancialInstruments 2024-12-31 08798245 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08798245 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 08798245 core:Goodwill 2024-12-31 08798245 core:LandBuildings core:ShortLeaseholdAssets 2024-12-31 08798245 core:MotorVehicles 2024-12-31 08798245 core:OfficeEquipment 2024-12-31 08798245 core:PlantMachinery 2024-12-31 08798245 1 2024-12-31 08798245 bus:SmallEntities 2024-01-01 2024-12-31 08798245 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08798245 bus:FilletedAccounts 2024-01-01 2024-12-31 08798245 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08798245 bus:RegisteredOffice 2024-01-01 2024-12-31 08798245 bus:Director1 2024-01-01 2024-12-31 08798245 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08798245 core:Goodwill 2024-01-01 2024-12-31 08798245 core:LandBuildings 2024-01-01 2024-12-31 08798245 core:LandBuildings core:ShortLeaseholdAssets 2024-01-01 2024-12-31 08798245 core:MotorVehicles 2024-01-01 2024-12-31 08798245 core:OfficeEquipment 2024-01-01 2024-12-31 08798245 core:PlantMachinery 2024-01-01 2024-12-31 08798245 core:Vehicles 2024-01-01 2024-12-31 08798245 countries:EnglandWales 2024-01-01 2024-12-31 08798245 1 2024-01-01 2024-12-31 08798245 2023-12-31 08798245 core:Goodwill 2023-12-31 08798245 core:LandBuildings core:ShortLeaseholdAssets 2023-12-31 08798245 core:MotorVehicles 2023-12-31 08798245 core:OfficeEquipment 2023-12-31 08798245 core:PlantMachinery 2023-12-31 08798245 1 2023-12-31 08798245 2023-01-01 2023-12-31 08798245 2023-12-31 08798245 core:CurrentFinancialInstruments 2023-12-31 08798245 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08798245 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08798245 core:LandBuildings core:ShortLeaseholdAssets 2023-12-31 08798245 core:MotorVehicles 2023-12-31 08798245 core:OfficeEquipment 2023-12-31 08798245 core:PlantMachinery 2023-12-31 08798245 1 2023-12-31 08798245 1 2023-01-01 2023-12-31 08798245 1 2022-12-31 xbrli:pure iso4217:GBP

Registration number: 08798245

C V Gower Funeral Directors Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

C V Gower Funeral Directors Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 8

 

C V Gower Funeral Directors Ltd

(Registration number: 08798245)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

62,845

30,954

Current assets

 

Stocks

250

250

Debtors

6

80,699

119,965

Cash at bank and in hand

 

118,105

110,483

 

199,054

230,698

Creditors: Amounts falling due within one year

7

(81,607)

(65,929)

Net current assets

 

117,447

164,769

Total assets less current liabilities

 

180,292

195,723

Creditors: Amounts falling due after more than one year

7

(29,378)

(41,587)

Provisions for liabilities

1,775

1,506

Net assets

 

152,689

155,642

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

152,679

155,632

Shareholders' funds

 

152,689

155,642

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 7 August 2025
 


L J Lawrence
Director

 

C V Gower Funeral Directors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Chalet
The Square
Winscombe
Somerset
BS25 1BS

Principal activity

The principal activity of the company is the principal activity of the company during the year was that of a funeral directors.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

C V Gower Funeral Directors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold improvements

4 Years straight line

Plant and machinery

4 Years straight line

 

C V Gower Funeral Directors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Motor vehicles

25% Reducing balance

Office equipment

4 Years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 Years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

C V Gower Funeral Directors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

C V Gower Funeral Directors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

300,000

300,000

At 31 December 2024

300,000

300,000

Amortisation

At 1 January 2024

300,000

300,000

At 31 December 2024

300,000

300,000

Carrying amount

At 31 December 2024

-

-

5

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

4,251

46,465

6,538

60,495

117,749

Additions

-

4,881

666

50,479

56,026

Disposals

-

(1,121)

(2,167)

(6,250)

(9,538)

At 31 December 2024

4,251

50,225

5,037

104,724

164,237

Depreciation

At 1 January 2024

4,251

45,618

5,960

30,966

86,795

Charge for the year

-

2,067

377

19,439

21,883

Eliminated on disposal

-

(1,121)

(2,167)

(3,998)

(7,286)

At 31 December 2024

4,251

46,564

4,170

46,407

101,392

Carrying amount

At 31 December 2024

-

3,661

867

58,317

62,845

At 31 December 2023

-

847

578

29,529

30,954

 

C V Gower Funeral Directors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

72,905

105,713

Other debtors

 

-

59

Prepayments

 

3,325

11,230

Deferred tax assets

4,469

2,963

 

80,699

119,965

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12,772

12,287

Trade creditors

 

21,723

32,452

Taxation and social security

 

5,950

16,436

Accruals and deferred income

 

7,426

4,644

Other creditors

 

33,736

110

 

81,607

65,929

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

29,378

41,587

The bank loans and overdrafts figure above is a secured loan with Barclays Bank Plc via a charge dated 4 October 2017. The security provided includes a first legal charge over the commercial and residential freehold property known as The Chalet, The Square, Winscombe, Somerset, BS25 1BS, an all monies guarantee from the director and an unlimited debenture from the company.

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

C V Gower Funeral Directors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9

Related party transactions

Rent of 2024: £7,200 (2023: £6,000) was paid to Miss L J Lawrence during the year for a property owned by her personally.

Transactions with the director

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Director loan account

57

30,800

(64,482)

(33,625)

         
       

 

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Director loan account

3,337

31,000

(34,281)

57