REGISTERED NUMBER: 03731093 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE PROBATE BUREAU LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D H West

SECRETARY:

Mrs E L West

REGISTERED OFFICE:

3 Crane Mead Business Park

Crane Mead

Ware

Hertfordshire

SG12 9PZ

REGISTERED NUMBER:

03731093 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

532,331

558,462

CURRENT ASSETS

Stocks

188,812

183,273

Debtors

197,802

201,319

Cash at bank and in hand

278,412

79,235

665,026

463,827

CREDITORS

Amounts falling due within one year

553,968

387,251

NET CURRENT ASSETS

111,058

76,576

TOTAL ASSETS LESS CURRENT LIABILITIES

643,389

635,038

CREDITORS

Amounts falling due after more than one year

5

(155,331

)

(251,394

)

PROVISIONS FOR LIABILITIES

(37,794

)

(41,439

)

NET ASSETS

450,264

342,205

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

450,164

342,105

SHAREHOLDERS' FUNDS

450,264

342,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 December 2025 and were signed by:

Mr D H West - Director

1.	STATUTORY INFORMATION

The Probate Bureau 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 sales of goods and 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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Work in progress

Work in progress is measured at the balance sheet date by assessing the costs incurred to date and the stage of progress of each case after allowing for stage invoices raised on account.

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

909,031

Additions

11,746

At 31 March 2025

920,777

DEPRECIATION

At 1 April 2024

350,569

Charge for year

37,877

At 31 March 2025

388,446

NET BOOK VALUE

At 31 March 2025

532,331

At 31 March 2024

558,462

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

Totals

£

COST

At 1 April 2024

and 31 March 2025

177,203

DEPRECIATION

At 1 April 2024

77,761

Charge for year

14,916

At 31 March 2025

92,677

NET BOOK VALUE

At 31 March 2025

84,526

At 31 March 2024

99,442

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans

-

13,259

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

130,730

167,261

Hire purchase contracts

85,112

107,964

215,842

275,225

The bank loan is secured by way of a fixed and floating charge over the property held by the company. Hire purchase contracts are secured against assets to which they relate.

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £740 (2024 - £43,887) to Mr D H West, the director.

At the balance sheet date, the company was owed £90,812 (2024 - £90,812) by Probate Bureau Financial Services Limited, a company in which Mr D H West is also a director.