Demetriou And English Funeral Directors - Accounts to registrar (filleted)

REGISTERED NUMBER: 02904468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEMETRIOU AND ENGLISH FUNERAL DIRECTORS

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Demetri

SECRETARY:

Mr C Koulia

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

02904468 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

900,296

909,738

Investment property

5

573,576

1,473,872

1,483,314

CURRENT ASSETS

Debtors

6

2,235,945

2,074,566

Cash at bank and in hand

230,906

347,810

2,466,851

2,422,376

CREDITORS

Amounts falling due within one year

7

1,601,184

1,642,754

NET CURRENT ASSETS

865,667

779,622

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,339,539

2,262,936

CREDITORS

Amounts falling due after more than one year

8

444,393

607,942

NET ASSETS

1,895,146

1,654,994

CAPITAL AND RESERVES

Called up share capital

100

Share premium

14,950

Retained earnings

1,880,096

1,639,944

SHAREHOLDERS' FUNDS

1,895,146

1,654,994

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mr P Demetri - Director

1.	STATUTORY INFORMATION

Demetriou And English Funeral Directors 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.

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.

TURNOVER

Turnover represents net invoiced provision of services, excluding value added tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2024

735,870

74,237

121,657

Additions

-

Disposals

-

At 31 December 2024

735,870

74,237

121,657

DEPRECIATION

At 1 January 2024

100,921

54,461

113,826

Charge for year

14,717

4,944

1,960

Eliminated on disposal

-

At 31 December 2024

115,638

59,405

115,786

NET BOOK VALUE

At 31 December 2024

620,232

14,832

5,871

At 31 December 2023

634,949

19,776

7,831

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

1,338,242

101,023

2,371,029

Additions

96,362

3,766

100,128

Disposals

(19,704

)

-

(19,704

)

At 31 December 2024

1,414,900

104,789

2,451,453

DEPRECIATION

At 1 January 2024

1,104,950

87,133

1,461,291

Charge for year

82,136

4,704

108,461

Eliminated on disposal

(18,595

)

-

(18,595

)

At 31 December 2024

1,168,491

91,837

1,551,157

NET BOOK VALUE

At 31 December 2024

246,409

12,952

900,296

At 31 December 2023

233,292

13,890

909,738

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

617,165

DEPRECIATION

At 1 January 2024

457,324

Charge for year

39,960

At 31 December 2024

497,284

NET BOOK VALUE

At 31 December 2024

119,881

At 31 December 2023

159,841

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

573,576

NET BOOK VALUE

At 31 December 2024

573,576

At 31 December 2023

573,576

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

571,883

586,824

Amounts owed by group undertakings

1,127,773

955,419

Amounts owed by connected companies

295,257

295,716

Other debtors

241,032

236,607

2,235,945

2,074,566

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

19,863

17,370

Hire purchase contracts

144,371

68,875

Trade creditors

628,567

510,809

Taxation and social security

158,972

107,788

Other creditors

649,411

937,912

1,601,184

1,642,754

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

408,739

428,764

Hire purchase contracts

35,654

179,178

444,393

607,942

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loan

428,602

446,135

The loans are secured by a charge on the company's assets.

10.	RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £181,273 (2023: £343,732) owed to the director, Mr P Demetri.

The company paid rent amounting to £NIL (2023: £41,600) to the director. These transactions were held at an arms' length basis.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr P Demetri, by virtue of his 100% ownership of the shares in the holding company, Felsteads Holdings Limited.