Henderson Memorials Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07129532

HENDERSON MEMORIALS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2025

HENDERSON MEMORIALS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st JANUARY 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

HENDERSON MEMORIALS LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		37,765		45,895

CURRENT ASSETS

Stocks	6	18,530	28,750
Debtors	7	1,260	1,170
Cash at bank and in hand		16,200	9,742
		---------	---------
		35,990	39,662

CREDITORS: amounts falling due within one year	8	56,053		70,784
		---------		---------
NET CURRENT LIABILITIES			20,063		31,122
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			17,702		14,773

PROVISIONS

Taxation including deferred tax	1,615	–
	---------	---------
NET ASSETS	16,087	14,773
	---------	---------

CAPITAL AND RESERVES

Called up share capital	10	100	100
Profit and loss account		15,987	14,673
		---------	---------
SHAREHOLDERS FUNDS		16,087	14,773
		---------	---------

These 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 statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HENDERSON MEMORIALS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

S. Young
Director

Company registration number: 07129532

HENDERSON MEMORIALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY.

2. STATEMENT OF COMPLIANCE

These 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 financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

Taxation

The taxation expense represents the aggregate amount of 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. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Buildings	-	4% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. TANGIBLE ASSETS

	Buildings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1st February 2024	20,015	39,823	3,324	63,162
Disposals	–	( 7,000)	–	( 7,000)
	---------	---------	-------	---------
At 31st January 2025	20,015	32,823	3,324	56,162
	---------	---------	-------	---------
Depreciation
At 1st February 2024	2,989	10,954	3,324	17,267
Charge for the year	801	7,205	–	8,006
Disposals	–	( 6,876)	–	( 6,876)
	---------	---------	-------	---------
At 31st January 2025	3,790	11,283	3,324	18,397
	---------	---------	-------	---------
Carrying amount
At 31st January 2025	16,225	21,540	–	37,765
	---------	---------	-------	---------
At 31st January 2024	17,026	28,869	–	45,895
	---------	---------	-------	---------

6. STOCKS

	2025	2024
	£	£
Stock	18,530	28,750
	---------	---------

7. DEBTORS

	2025	2024
	£	£
Prepayments	1,260	1,170
	-------	-------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Accruals	3,394	1,791
Director loan accounts	52,659	68,993
	---------	---------
	56,053	70,784
	---------	---------

9. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	1,615	–
	-------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	4,093	–
Unused tax losses	( 2,478)	–
	-------	----
	1,615	–
	-------	----

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under the FRS 102 Section 1A small entities.