The National Society of Allied and Independent Funeral Directors Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02436831

The National Society of Allied and Independent Funeral Directors

Filleted Annual Report and Financial Statements

31 December 2024

The National Society of Allied and Independent Funeral Directors

Annual Report and Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Balance sheet	2

Notes to the annual report and financial statements	3

The National Society of Allied and Independent Funeral Directors

Officers and Professional Advisers

The board of directors	Mr. P Allcock
	Mr. D J Ginder
	Mr. S A Helliar-Moore
	Mr. R W Hickton
	Mr. M D Horton
	Mr. D F Macguire
	Mr. G W Roberts
	Mr. P Sillett
	Mr. G N Staker
	Ms. H J Wathall
	Mr. O J Towner

Company secretary	Mr. T R Tennens

Registered office	SAIF Business Centre
	3 Bullfields
	Sawbridgeworth
	Hertfordshire
	CM21 9CB

Company number 02436831 (England and Wales)

Auditor	Chowdhary & Co
	Chartered accountants & statutory auditor
	46 Syon Lane
	Isleworth
	Middlesex
	TW7 5NQ

The National Society of Allied and Independent Funeral Directors

Balance Sheet

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	6	7,999	8,912

Current assets

Debtors	7	112,174	101,747
Cash at bank and in hand		781,164	772,802
		---------	---------
		893,338	874,549

Creditors: amounts falling due within one year	8	271,664	344,376
		---------	---------
Net current assets		621,674	530,173
		---------	---------
Total assets less current liabilities		629,673	539,085
		---------	---------
Net assets		629,673	539,085
		---------	---------

Reserves

Profit and loss account	629,673	539,085
	---------	---------
	629,673	539,085
	---------	---------

These Annual report and financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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

These Annual report and financial statements were approved by the board of directors and authorised for issue on 3 July 2025 , and are signed on behalf of the board by:

Mr. D F Macguire

Director

Company registration number: 02436831

The National Society of Allied and Independent Funeral Directors

Notes to the Annual Report and Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is SAIF Business Centre, 3 Bullfields, Sawbridgeworth, Hertfordshire, CM21 9CB.

2. Statement of compliance

These Annual report and financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The Annual report and financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The Annual report and financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is included in the profit and loss account when the company is legally entitled to the income and the amount can be quantified with reasonable certainty. In particular: - Investment income and membership fees are included when receivable; - Other income is recognised on appropriate bases, generally by way of performance of services or upon receipt. Fees that are unpaid at the year end are included within debtors.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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. Trademarks are being amortised evenly over their estimated useful life of nil years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Trademarks	-	`Fully amortised`

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to property	-	20% reducing balance
Equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 7 ).

5. Intangible assets

	Other intangible assets
	£
Cost
At 1 January 2024 and 31 December 2024	5,089
	-------
Amortisation
At 1 January 2024 and 31 December 2024	5,089
	-------
Carrying amount
At 31 December 2024	–
	-------
At 31 December 2023	–
	-------

6. Tangible assets

	Property improvements	Equipment	Total
	£	£	£
Cost
At 1 January 2024	1,786	47,199	48,985
Additions	–	1,087	1,087
	-------	--------	--------
At 31 December 2024	1,786	48,286	50,072
	-------	--------	--------
Depreciation
At 1 January 2024	1,739	38,334	40,073
Charge for the year	9	1,991	2,000
	-------	--------	--------
At 31 December 2024	1,748	40,325	42,073
	-------	--------	--------
Carrying amount
At 31 December 2024	38	7,961	7,999
	-------	--------	--------
At 31 December 2023	47	8,865	8,912
	-------	--------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	31,410	17,979
Other debtors	80,764	83,768
	---------	---------
	112,174	101,747
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	83,455	8,155
Corporation tax	27,982	14,812
Social security and other taxes	7,116	9,102
Other creditors	153,111	312,307
	---------	---------
	271,664	344,376
	---------	---------

9. Summary audit opinion

The report of the Auditors was unqualified.

Bhupindar Chowdhary FCA (Senior Statutory Auditor)

for and on behalf of Chowdhary & Co

10. Related party transactions

Apart from contributions towards and reimbursement of travel and accommodation expenses for meetings, no payments were made to any of the members of the Executive Committee during the year, or to their associated businesses.