Thomas Cuthell & Sons Limited 31/03/2025 iXBRL

Company registration number: SC411154

Thomas Cuthell & Sons Limited

Unaudited filleted financial statements

31 March 2025

Thomas Cuthell & Sons Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Thomas Cuthell & Sons Limited

Directors and other information


	Directors
		Alistair G Cuthell
		Paul C Cuthell
		Michelle Cuthell


	Secretary	Michelle Cuthell


	Company number	SC411154


	Registered office	Hope Street
		Falkirk
		FK1 5AT


	Business address	Hope Street
		Falkirk
		FK1 5AT


	Accountants	Barrie Scott & Co.
		16-18 Weir Street
		Falkirk
		FK1 1RA

Thomas Cuthell & Sons Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Thomas Cuthell & Sons Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thomas Cuthell & Sons Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.

This report is made solely to the board of directors of Thomas Cuthell & Sons Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Thomas Cuthell & Sons Limited and state those matters that we have agreed to state to the board of directors of Thomas Cuthell & Sons Limited as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/ documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thomas Cuthell & Sons Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Thomas Cuthell & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thomas Cuthell & Sons Limited. You consider that Thomas Cuthell & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thomas Cuthell & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrie Scott & Co.

Accountants & Tax Advisers

16-18 Weir Street

Falkirk

FK1 1RA

24 December 2025

Thomas Cuthell & Sons Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	1,310,115		1,465,533
		_______		_______
			1,310,115		1,465,533

Current assets
Stocks		73,736		74,281
Debtors	7	522,981		439,632
Cash at bank and in hand		436,402		457,964
		_______		_______
		1,033,119		971,877
Creditors: amounts falling due
within one year	8	( 844,616)		( 928,304)
		_______		_______
Net current assets			188,503		43,573
			_______		_______
Total assets less current liabilities			1,498,618		1,509,106


Provisions for liabilities			( 73,926)		( 105,048)

			_______		_______
Net assets			1,424,692		1,404,058
			_______		_______

Capital and reserves
Called up share capital			54		54
Capital redemption reserve			46		46
Profit and loss account			1,424,592		1,403,958
			_______		_______
Shareholders funds			1,424,692		1,404,058
			_______		_______

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

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Michelle Cuthell

Director

Company registration number: SC411154

Thomas Cuthell & Sons Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Hope Street, Falkirk, FK1 5AT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover represents the total value, excluding value added tax, of funeral and memorial services made during the year and derives from the provision of services falling within the company's ordinary activities.Revenues from funeral and memorial services are recognised when completed.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and are 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:


Plant and machinery	-	15% reducing balance or 33.3% straight line
Motor vehicles	-	15% reducing balance or 25% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their 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. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 31 (2024: 31 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	1,500,000	1,500,000
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	1,500,000	1,500,000
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

6. Tangible assets

	Freehold and leasehold properties	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	1,383,684	98,554	647,820	2,130,058
Additions	-	-	33,448	33,448
Disposals	-	-	( 280,000)	( 280,000)
	_______	_______	_______	_______
At 31 March 2025	1,383,684	98,554	401,268	1,883,506
	_______	_______	_______	_______
Depreciation
At 1 April 2024	296,636	58,399	309,490	664,525
Charge for the year	27,673	6,252	49,339	83,264
Disposals	-	-	( 174,398)	( 174,398)
	_______	_______	_______	_______
At 31 March 2025	324,309	64,651	184,431	573,391
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	1,059,375	33,903	216,837	1,310,115
	_______	_______	_______	_______
At 31 March 2024	1,087,048	40,155	338,330	1,465,533
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	479,888	414,574
Other debtors	43,093	25,058
	_______	_______
	522,981	439,632
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	467,396	585,383
Trade creditors	42,487	63,207
Corporation tax	181,428	171,825
Social security and other taxes	11,701	-
Other creditors	141,604	107,889
	_______	_______
	844,616	928,304
	_______	_______

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Later than 1 year and not later than 5 years	10,017	13,244
	_______	_______

10. Directors advances, credits and guarantees

Included in creditors due within one year is £50,924 (2024: £31,674) owed to the directors. Alistair Cuthell is owed £2,263 (2024: £2,907), Paul Cuthell is owed £39,326 (2024: £28,122) and Michelle Cuthell is owed £9,335 (2024: £645). These loans are interest free and have no fixed terms of repayment.

11. Related party transactions

Included in creditors due within one year is £467,397 (2024: £585,383) of other loans owed. Marian Cuthell , widow of Colin Cuthell is owed £297,969 (2024: £358,953) and Margaret Cuthell , widow of Grant Cuthell is owed £169,427 (2024: £226,430). These loans are interest free and have no fixed terms of repayment.