IRIS Accounts Production v25.2.0.378 00446324 Board of Directors 1.1.24 31.12.24 31.12.24 true false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004463242023-12-31004463242024-12-31004463242024-01-012024-12-31004463242022-12-31004463242023-01-012023-12-31004463242023-12-3100446324ns15:EnglandWales2024-01-012024-12-3100446324ns14:PoundSterling2024-01-012024-12-3100446324ns10:Director12024-01-012024-12-3100446324ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100446324ns10:SmallEntities2024-01-012024-12-3100446324ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100446324ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100446324ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100446324ns10:FullAccounts2024-01-012024-12-310044632412024-01-012024-12-3100446324ns10:Director22024-01-012024-12-3100446324ns10:Director32024-01-012024-12-3100446324ns10:Director42024-01-012024-12-3100446324ns10:Director52024-01-012024-12-3100446324ns10:CompanySecretary12024-01-012024-12-3100446324ns10:RegisteredOffice2024-01-012024-12-3100446324ns5:CurrentFinancialInstruments2024-12-3100446324ns5:CurrentFinancialInstruments2023-12-3100446324ns5:Non-currentFinancialInstruments2024-12-3100446324ns5:Non-currentFinancialInstruments2023-12-3100446324ns5:ShareCapital2024-12-3100446324ns5:ShareCapital2023-12-3100446324ns5:RevaluationReserve2024-12-3100446324ns5:RevaluationReserve2023-12-3100446324ns5:CapitalRedemptionReserve2024-12-3100446324ns5:CapitalRedemptionReserve2023-12-3100446324ns5:RetainedEarningsAccumulatedLosses2024-12-3100446324ns5:RetainedEarningsAccumulatedLosses2023-12-3100446324ns5:NetGoodwill2024-01-012024-12-3100446324ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3100446324ns5:ComputerSoftware2024-01-012024-12-3100446324ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3100446324ns5:PlantMachinery2024-01-012024-12-3100446324ns5:FurnitureFittings2024-01-012024-12-3100446324ns5:MotorVehicles2024-01-012024-12-3100446324ns5:NetGoodwill2023-12-3100446324ns5:ComputerSoftware2023-12-3100446324ns5:NetGoodwill2024-12-3100446324ns5:ComputerSoftware2024-12-3100446324ns5:NetGoodwill2023-12-3100446324ns5:ComputerSoftware2023-12-3100446324ns5:LandBuildings2023-12-3100446324ns5:PlantMachinery2023-12-3100446324ns5:FurnitureFittings2023-12-3100446324ns5:MotorVehicles2023-12-3100446324ns5:LandBuildings2024-01-012024-12-3100446324ns5:LandBuildings2024-12-3100446324ns5:PlantMachinery2024-12-3100446324ns5:FurnitureFittings2024-12-3100446324ns5:MotorVehicles2024-12-3100446324ns5:LandBuildings2023-12-3100446324ns5:PlantMachinery2023-12-3100446324ns5:FurnitureFittings2023-12-3100446324ns5:MotorVehicles2023-12-3100446324ns5:Subsidiary22024-01-012024-12-3100446324ns5:Subsidiary232024-01-012024-12-3100446324ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100446324ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100446324ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3100446324ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3100446324ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3100446324ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3100446324ns5:HirePurchaseContracts2024-12-3100446324ns5:HirePurchaseContracts2023-12-3100446324ns5:WithinOneYear2024-12-3100446324ns5:WithinOneYear2023-12-3100446324ns5:BetweenOneFiveYears2024-12-3100446324ns5:BetweenOneFiveYears2023-12-3100446324ns5:MoreThanFiveYears2024-12-3100446324ns5:MoreThanFiveYears2023-12-3100446324ns5:AllPeriods2024-12-3100446324ns5:AllPeriods2023-12-31
REGISTERED NUMBER: 00446324 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

F.P. GAUNT & SONS LIMITED

F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F.P. GAUNT & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr P R Gaunt
Mrs S A Meikle Janney
Mrs H J Share
Mr J S Gaunt
Mr S J Gaunt





SECRETARY: Mrs N Gaunt





REGISTERED OFFICE: Percival House Funeral Home
130 High Street
Rowley Regis
West Midlands
B65 0EE





REGISTERED NUMBER: 00446324 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 74,579 93,621
Tangible assets 5 1,891,514 1,776,760
Investments 6 16,000 16,000
Investment property 7 285,000 285,000
2,267,093 2,171,381

CURRENT ASSETS
Stocks 31,897 36,916
Debtors 8 489,695 611,735
Cash at bank and in hand 244,383 207,874
765,975 856,525
CREDITORS
Amounts falling due within one year 9 327,061 473,793
NET CURRENT ASSETS 438,914 382,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,706,007

2,554,113

CREDITORS
Amounts falling due after more than one
year

10

(192,096

)

(13,775

)

PROVISIONS FOR LIABILITIES (155,032 ) (137,976 )
NET ASSETS 2,358,879 2,402,362

CAPITAL AND RESERVES
Called up share capital 3,502 3,502
Revaluation reserve 113,279 113,279
Capital redemption reserve 498 498
Retained earnings 2,241,600 2,285,083
2,358,879 2,402,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:





Mrs H J Share - Director


F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

F.P. Gaunt & Sons 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.

Going Concern
The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis appropriate in preparing the annual financial statements.

Turnover
Turnover represents invoiced sales of goods, in respect of funeral services.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance, 10% on cost and 10% on reducing balance

No depreciation is provided on freehold land.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

Investments
Investments held as fixed assets are stated at cost less any provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
Cost
At 1 January 2024
and 31 December 2024 279,208 7,320 286,528
Amortisation
At 1 January 2024 185,587 7,320 192,907
Amortisation for year 19,042 - 19,042
At 31 December 2024 204,629 7,320 211,949
Net book value
At 31 December 2024 74,579 - 74,579
At 31 December 2023 93,621 - 93,621

F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 January 2024 966,870 340,195 166,832 1,077,899 2,551,796
Additions - 2,400 399 248,042 250,841
At 31 December 2024 966,870 342,595 167,231 1,325,941 2,802,637
Depreciation
At 1 January 2024 238,549 261,710 118,761 156,016 775,036
Charge for year 14,363 12,169 7,240 102,315 136,087
At 31 December 2024 252,912 273,879 126,001 258,331 911,123
Net book value
At 31 December 2024 713,958 68,716 41,230 1,067,610 1,891,514
At 31 December 2023 728,321 78,485 48,071 921,883 1,776,760

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment in subsidiary
undertaking 16,000 16,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:


STEPHEN M GODBER FUNERALS LIMITED
Registered office: Percival House Funeral Home, 130 High Street, Rowley Regis, West Midlands, England, B65 0EE
Nature of business: Funeral and related activities
%
Class of shares: holding
Ordinary 100.00

7. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2024
and 31 December 2024 285,000
Net book value
At 31 December 2024 285,000
At 31 December 2023 285,000

The 2024 valuations were made by the directors, on an open market value for existing use basis. The original cost of the investment property was £158,034.

F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 430,430 521,332
Other debtors 59,265 90,403
489,695 611,735

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 76,500
Hire purchase contracts (see note 11) 18,412 2,606
Trade creditors 127,884 219,411
Taxation and social security 44,127 51,119
Other creditors 136,638 124,157
327,061 473,793

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 11) 192,096 13,775

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 18,412 2,606
Between one and five years 192,096 13,775
210,508 16,381

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 6,354 14,851
Between one and five years 2,244 6,354
In more than five years - 2,244
8,598 23,449

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 210,508 16,381

F.P. GAUNT & SONS LIMITED (REGISTERED NUMBER: 00446324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


13. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Amounts payable at the year end were £Nil (2023:£1,449).

14. RELATED PARTY DISCLOSURES

The company made a loan to Trimpley Properties Limited of £50,769 (2023: £55,769). There is no fixed repayment date and no interest is charged on the loan. Trimpley Properties Limited is a company 50% owned by one of the directors of F.P. Gaunt & Sons Limited.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H J Share.