REGISTERED NUMBER: 06385008 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tranter Funerals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Tranter

Miss O Tranter

SECRETARY:

S Tranter

REGISTERED OFFICE:

101 West Street

St Georges

Telford

Shropshire

TF2 9JE

REGISTERED NUMBER:

06385008 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Intangible assets

4

33,524

54,766

Tangible assets

5

2,670,482

2,314,500

2,704,006

2,369,266

CURRENT ASSETS

Stocks

25,000

25,000

Debtors

6

90,769

68,247

Investments

7

510,457

575,901

Cash at bank and in hand

500,294

454,468

1,126,520

1,123,616

CREDITORS

Amounts falling due within one year

8

520,971

200,730

NET CURRENT ASSETS

605,549

922,886

TOTAL ASSETS LESS CURRENT LIABILITIES

3,309,555

3,292,152

CREDITORS

Amounts falling due after more than one year

9

(227,006

)

(299,395

)

PROVISIONS FOR LIABILITIES

(192,343

)

(212,006

)

NET ASSETS

2,890,206

2,780,751

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

2,890,196

2,780,741

SHAREHOLDERS' FUNDS

2,890,206

2,780,751

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.

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:

S Tranter - Director

1.	STATUTORY INFORMATION

Tranter Funerals 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its estimated useful life of ten 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.

Personalised number plates are being amortised evenly over their estimated useful life of ten years.

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

Office equipment

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 19 (2023 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

73,600

212,422

286,022

AMORTISATION

At 1 January 2024

73,600

157,656

231,256

Charge for year

-

21,242

21,242

At 31 December 2024

73,600

178,898

252,498

NET BOOK VALUE

At 31 December 2024

-

33,524

33,524

At 31 December 2023

-

54,766

54,766

5.	TANGIBLE FIXED ASSETS

Freehold

Office

Plant and

property

equipment

machinery

£

£

£

COST

At 1 January 2024

1,550,732

7,748

46,016

Additions

232,160

-

18,414

At 31 December 2024

1,782,892

7,748

64,430

DEPRECIATION

At 1 January 2024

157,094

4,999

31,977

Charge for year

24,024

413

2,811

At 31 December 2024

181,118

5,412

34,788

NET BOOK VALUE

At 31 December 2024

1,601,774

2,336

29,642

At 31 December 2023

1,393,638

2,749

14,039

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

176,996

1,604,150

32,214

3,417,856

Additions

7,760

369,919

442

628,695

At 31 December 2024

184,756

1,974,069

32,656

4,046,551

DEPRECIATION

At 1 January 2024

138,748

745,076

25,462

1,103,356

Charge for year

6,099

235,879

3,487

272,713

At 31 December 2024

144,847

980,955

28,949

1,376,069

NET BOOK VALUE

At 31 December 2024

39,909

993,114

3,707

2,670,482

At 31 December 2023

38,248

859,074

6,752

2,314,500

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

610,977

DEPRECIATION

At 1 January 2024

398,040

Charge for year

53,234

At 31 December 2024

451,274

NET BOOK VALUE

At 31 December 2024

159,703

At 31 December 2023

212,937

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

65,995

46,948

Other debtors

700

700

VAT

5,715

6,303

Prepayments

18,359

14,296

90,769

68,247

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Other

510,457

575,901

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

51,317

51,317

Hire purchase contracts

25,971

72,446

Trade creditors

234,824

28,456

Tax

147,375

7,209

Social security and other taxes

-

403

Other creditors

26,500

6,573

Directors' current accounts

1,407

152

Accrued expenses

33,577

34,174

520,971

200,730

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

168,066

199,578

Bank loans more 5 yr by instal

58,940

73,846

Hire purchase contracts

-

25,971

227,006

299,395

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

58,940

73,846

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

10

Ordinary

£1

10

10