REGISTERED NUMBER: SC444946 (Scotland)

Kyle Bros. Funeral Directors Limited

Unaudited Financial Statements

for the Year Ended 30th April 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Director:

D P Irvine

Registered office:

2 Maxwellheugh

Kelso

Roxburghshire

TD5 8AY

Registered number:

SC444946 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

168,660

210,318

168,660

210,318

Current assets

Stocks

110,600

114,700

Debtors

6

165,755

88,440

Cash at bank

4,491

42,351

280,846

245,491

Creditors

Amounts falling due within one year

7

222,065

162,670

Net current assets

58,781

82,821

Total assets less current liabilities

227,441

293,139

Creditors

Amounts falling due after more than one year

8

(88,955

)

(115,061

)

Provisions for liabilities

(32,045

)

(39,960

)

Net assets

106,441

138,118

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

105,441

137,118

Shareholders' funds

106,441

138,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th November 2025 and were signed by:

D P Irvine - Director

1.	Statutory information

Kyle Bros. Funeral Directors Limited is a private company, limited by shares , registered in Scotland. 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 the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Goodwill

Acquired goodwill has now been fully written off over its estimated useful economic life of 5 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Fittings and office equipment

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, hire purchase contracts, bank overdraft, bank loans and directors' loans.

Hire purchase contracts and bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and bank overdraft are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 10 (2024 - 10 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st May 2024

and 30th April 2025

130,100

Amortisation

At 1st May 2024

and 30th April 2025

130,100

Net book value

At 30th April 2025

-

At 30th April 2024

-

5.	Tangible fixed assets

Fittings

and

Plant and

Motor

office

equipment

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st May 2024

100,904

330,462

37,820

469,186

Additions

-

-

1,872

1,872

At 30th April 2025

100,904

330,462

39,692

471,058

Depreciation

At 1st May 2024

23,246

211,359

24,263

258,868

Charge for year

11,649

29,777

2,104

43,530

At 30th April 2025

34,895

241,136

26,367

302,398

Net book value

At 30th April 2025

66,009

89,326

13,325

168,660

At 30th April 2024

77,658

119,103

13,557

210,318

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

159,013

85,866

Other debtors

6,742

2,574

165,755

88,440

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

45,365

9,531

Hire purchase contracts

16,463

28,970

Trade creditors

56,346

37,150

Taxation and social security

15,791

14,914

Other creditors

88,100

72,105

222,065

162,670

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

74,906

84,549

Hire purchase contracts

14,049

30,512

88,955

115,061

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

35,834

-

Bank loans

84,437

94,080

Hire purchase contracts

30,512

59,482

150,783

153,562

The Royal Bank of Scotland holds security over the property by way of a floating charge.

Hire purchase contracts are secured against the assets to which they relate.