Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 02799603 Mr Robert Chudleigh Mr Kieran Chudleigh Mrs Deborah Mills Mrs Deborah Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02799603 2023-08-31 02799603 2024-08-31 02799603 2023-09-01 2024-08-31 02799603 frs-core:MotorVehicles 2023-09-01 2024-08-31 02799603 frs-core:ShareCapital 2024-08-31 02799603 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 02799603 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02799603 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 02799603 frs-bus:SmallEntities 2023-09-01 2024-08-31 02799603 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02799603 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02799603 frs-core:DeferredTaxation 2024-08-31 02799603 frs-bus:Director1 2023-09-01 2024-08-31 02799603 frs-bus:Director2 2023-09-01 2024-08-31 02799603 frs-bus:Director3 2023-09-01 2024-08-31 02799603 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 02799603 2 2023-09-01 2024-08-31 02799603 frs-countries:EnglandWales 2023-09-01 2024-08-31 02799603 2022-08-31 02799603 2023-08-31 02799603 2022-09-01 2023-08-31 02799603 frs-core:ShareCapital 2023-08-31 02799603 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 02799603
John Nicholls Funeral Service Ltd.
ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 02799603
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,200 192,517
Investment Properties 5 293,686 293,686
492,886 486,203
CURRENT ASSETS
Stocks 1,740 1,584
Debtors 9,824 30,925
Cash at bank and in hand 398,698 382,540
410,262 415,049
Creditors: Amounts Falling Due Within One Year (33,579 ) (48,208 )
NET CURRENT ASSETS (LIABILITIES) 376,683 366,841
TOTAL ASSETS LESS CURRENT LIABILITIES 869,569 853,044
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,187 ) -
NET ASSETS 868,382 853,044
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 867,382 852,044
SHAREHOLDERS' FUNDS 868,382 853,044
Page 1
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For the year ending 31 August 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Robert Chudleigh
Director
3rd October 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
John Nicholls Funeral Service Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02799603 . The registered office is 21 Crantock St, Newquay, Cornwall, TR7 1JJ.
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.
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.
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.
The Director has decide to postpone the annual depreciation charges in respect of the companies freehold properties. The company's ploicy is to maintain the buildings to a high standard and for this reason there has not been any diminution in value.
Motor Vehicles 15% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 September 2023 217,322
Additions 9,000
As at 31 August 2024 226,322
Depreciation
As at 1 September 2023 24,805
Provided during the period 2,317
As at 31 August 2024 27,122
Net Book Value
As at 31 August 2024 199,200
As at 1 September 2023 192,517
5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 293,686
6. Provisions for Liabilities
Deferred Tax Total
£ £
Accelerated capital alllowances 1,187 1,187
Balance at 31 August 2024 1,187 1,187
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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