V.A. Peterson (Funeral Service) Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of V.A. Peterson (Funeral Service) Limited For The Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of V.A. Peterson (Funeral Service) Limited For The Year Ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of V.A. Peterson (Funeral Service) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of V.A. Peterson (Funeral Service) Limited and state those matters that we have agreed to state to the directors of V.A. Peterson (Funeral Service) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than V.A. Peterson (Funeral Service) Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that V.A. Peterson (Funeral Service) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of V.A. Peterson (Funeral Service) Limited . You consider that V.A. Peterson (Funeral Service) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of V.A. Peterson (Funeral Service) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Ellis Lloyd Jones LLP

26/09/2025

Ellis Lloyd Jones LLP

Chartered Accountants

11 Park Square

Newport

NP20 4EL

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V.A. Peterson (Funeral Service) Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 00691752

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,796,229		1,619,389

			1,796,229		1,619,389
CURRENT ASSETS
Stocks	6	74,888		41,123
Debtors	7	151,698		74,137
Cash at bank and in hand		1,130,746		1,287,951

		1,357,332		1,403,211
Creditors: Amounts Falling Due Within One Year	8	(219,239 )		(199,154 )

NET CURRENT ASSETS (LIABILITIES)			1,138,093		1,204,057

TOTAL ASSETS LESS CURRENT LIABILITIES			2,934,322		2,823,446

PROVISIONS FOR LIABILITIES
Deferred Taxation			(69,889 )		(30,686 )

NET ASSETS			2,864,433		2,792,760

CAPITAL AND RESERVES
Called up share capital	9		850		1,000
Profit and Loss Account			2,863,583		2,791,760

SHAREHOLDERS' FUNDS			2,864,433		2,792,760

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V.A. Peterson (Funeral Service) Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs A Pinch Director	Mr D Peterson Director
25/09/2025

The notes on pages 4 to 6 form part of these financial statements.

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V.A. Peterson (Funeral Service) Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

V.A. Peterson (Funeral Service) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00691752 . The registered office is Woodside House Maendy Way, Cwmbran, Torfaen, Wales, NP44 3LH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentational currency of the financial statements is pound sterling and the figures are rounded to the nearest pound.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% Straight Line
Plant & Machinery	15% Straight Line
Motor Vehicles	15% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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V.A. Peterson (Funeral Service) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 19)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	19,500

As at 31 March 2025	19,500

Amortisation
As at 1 April 2024	19,500

As at 31 March 2025	19,500

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	1,412,421	330,805	997,472	2,740,698
Additions	-	668	301,900	302,568
Disposals	-	-	(421,105 )	(421,105 )

As at 31 March 2025	1,412,421	331,473	878,267	2,622,161

Depreciation
As at 1 April 2024	-	238,791	882,518	1,121,309
Provided during the period	-	29,707	96,021	125,728
Disposals	-	-	(421,105 )	(421,105 )

As at 31 March 2025	-	268,498	557,434	825,932

Net Book Value
As at 31 March 2025	1,412,421	62,975	320,833	1,796,229

As at 1 April 2024	1,412,421	92,014	114,954	1,619,389

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V.A. Peterson (Funeral Service) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Work in progress	74,888	41,123

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	145,977	70,424
Prepayments and accrued income	5,721	3,708
Other debtors	-	5

	151,698	74,137

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	36,320	68,944
Corporation tax	18,423	18,157
Other taxes and social security	14,390	11,492
Other creditors	69,944	35,204
Dividends voted but not paid	60,000	50,000
Accruals and deferred income	18,927	14,400
Directors' loan accounts	1,235	957

	219,239	199,154

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	850	1,000

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