Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03946033 Mr Paul Smith Mr Mark O'Leary iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03946033 2024-03-31 03946033 2025-03-31 03946033 2024-04-01 2025-03-31 03946033 frs-core:CurrentFinancialInstruments 2025-03-31 03946033 frs-core:ComputerEquipment 2025-03-31 03946033 frs-core:ComputerEquipment 2024-04-01 2025-03-31 03946033 frs-core:ComputerEquipment 2024-03-31 03946033 frs-core:FurnitureFittings 2025-03-31 03946033 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03946033 frs-core:FurnitureFittings 2024-03-31 03946033 frs-core:NetGoodwill 2025-03-31 03946033 frs-core:NetGoodwill 2024-04-01 2025-03-31 03946033 frs-core:NetGoodwill 2024-03-31 03946033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 03946033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03946033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03946033 frs-core:MotorVehicles 2025-03-31 03946033 frs-core:MotorVehicles 2024-04-01 2025-03-31 03946033 frs-core:MotorVehicles 2024-03-31 03946033 frs-core:PlantMachinery 2025-03-31 03946033 frs-core:PlantMachinery 2024-04-01 2025-03-31 03946033 frs-core:PlantMachinery 2024-03-31 03946033 frs-core:OtherReservesSubtotal 2025-03-31 03946033 frs-core:ShareCapital 2025-03-31 03946033 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03946033 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03946033 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03946033 frs-bus:SmallEntities 2024-04-01 2025-03-31 03946033 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03946033 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03946033 frs-core:ListedExchangeTraded 2025-03-31 03946033 frs-core:ListedExchangeTraded 2024-03-31 03946033 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 03946033 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 03946033 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 03946033 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 03946033 frs-bus:Director1 2024-04-01 2025-03-31 03946033 frs-bus:Director2 2024-04-01 2025-03-31 03946033 frs-countries:EnglandWales 2024-04-01 2025-03-31 03946033 2023-03-31 03946033 2024-03-31 03946033 2023-04-01 2024-03-31 03946033 frs-core:CurrentFinancialInstruments 2024-03-31 03946033 frs-core:OtherReservesSubtotal 2024-03-31 03946033 frs-core:ShareCapital 2024-03-31 03946033 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03946033
Vaughan Bros Funeral Directors Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03946033
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 215,132 244,896
Investment Properties 6 2,531 2,531
Investments 7 600,000 600,000
817,663 847,427
CURRENT ASSETS
Stocks 8 7,500 7,500
Debtors 9 30,000 30,000
Cash at bank and in hand 380,859 282,783
418,359 320,283
Creditors: Amounts Falling Due Within One Year 10 (76,969 ) (37,418 )
NET CURRENT ASSETS (LIABILITIES) 341,390 282,865
TOTAL ASSETS LESS CURRENT LIABILITIES 1,159,053 1,130,292
PROVISIONS FOR LIABILITIES
Deferred Taxation (42,550 ) (61,194 )
NET ASSETS 1,116,503 1,069,098
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Other reserves 948,679 948,679
Profit and Loss Account 166,824 119,419
SHAREHOLDERS' FUNDS 1,116,503 1,069,098
Page 1
Page 2
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.
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.
On behalf of the board
Mr Paul Smith
Director
22/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vaughan Bros Funeral Directors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03946033 . The registered office is Penuel Funeral Home, Harcourt Street, Tredegar, NP22 3QE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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 on the following bases:
Leasehold 25
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. 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.
2.6. 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.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 90,000
As at 31 March 2025 90,000
Amortisation
As at 1 April 2024 90,000
As at 31 March 2025 90,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 27,308 7,183 386,677 25,906
Additions - - 74,856 -
Disposals - - (59,750 ) -
As at 31 March 2025 27,308 7,183 401,783 25,906
Depreciation
As at 1 April 2024 27,308 5,583 144,639 24,913
...CONTINUED
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Page 5
Provided during the period - 400 70,997 248
Disposals - - (26,841 ) -
As at 31 March 2025 27,308 5,983 188,795 25,161
Net Book Value
As at 31 March 2025 - 1,200 212,988 745
As at 1 April 2024 - 1,600 242,038 993
Computer Equipment Total
£ £
Cost
As at 1 April 2024 2,859 449,933
Additions - 74,856
Disposals - (59,750 )
As at 31 March 2025 2,859 465,039
Depreciation
As at 1 April 2024 2,594 205,037
Provided during the period 66 71,711
Disposals - (26,841 )
As at 31 March 2025 2,660 249,907
Net Book Value
As at 31 March 2025 199 215,132
As at 1 April 2024 265 244,896
6. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 2,531
7. Investments
Listed
£
Cost
As at 1 April 2024 600,000
As at 31 March 2025 600,000
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 600,000
As at 1 April 2024 600,000
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8. Stocks
2025 2024
£ £
Stock 7,500 7,500
9. Debtors
2025 2024
£ £
Due within one year
Trade debtors 30,000 30,000
10. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 541 5,856
Bank loans and overdrafts 1,370 877
Other creditors 13,223 13,254
Taxation and social security 61,835 17,431
76,969 37,418
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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