Company registration number SC235696 (Scotland)
Brian Smith Funeral Services Ltd.
Unaudited financial statements
for the year ended 31 October 2025
Pages for filing with registrar
Brian Smith Funeral Services Ltd.
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Brian Smith Funeral Services Ltd.
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brian Smith Funeral Services Ltd. for the year ended 31 October 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the Board of Directors of Brian Smith Funeral Services Ltd., as a body, in accordance with the terms of our engagement letter dated 21 April 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Brian Smith Funeral Services Ltd. and state those matters that we have agreed to state to the Board of Directors of Brian Smith Funeral Services Ltd., as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brian Smith Funeral Services Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brian Smith Funeral Services Ltd. 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 Brian Smith Funeral Services Ltd. You consider that Brian Smith Funeral Services Ltd. 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 Brian Smith Funeral Services Ltd. 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.

James Milne
Chartered Accountants
5 High Street
Inverurie
AB51 3QA
1 April 2026
Brian Smith Funeral Services Ltd.
Statement of financial position
as at 31 October 2025
31 October 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,754,981
1,883,791
Investments
4
90,000
90,000
1,844,981
1,973,791
Current assets
Stocks
43,200
28,000
Debtors
302,655
299,530
Cash at bank and in hand
143,936
10,564
489,791
338,094
Creditors: amounts falling due within one year
(158,686)
(110,429)
Net current assets
331,105
227,665
Total assets less current liabilities
2,176,086
2,201,456
Creditors: amounts falling due after more than one year
5
(537,519)
(567,926)
Net assets
1,638,567
1,633,530
Capital and reserves
Called up share capital
30,000
30,000
Profit and loss reserves
1,608,567
1,603,530
Total equity
1,638,567
1,633,530
Brian Smith Funeral Services Ltd.
Statement of financial position (continued)
as at 31 October 2025
31 October 2025
3

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

T he 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 Companies Act 2006 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 March 2026 and are signed on its behalf by:
Brian Smith
Director
Company registration number SC235696 (Scotland)
Brian Smith Funeral Services Ltd.
Notes to the financial statements
for the year ended 31 October 2025
4
1
Accounting policies
Company information

Brian Smith Funeral Services Ltd. is a private company limited by shares incorporated in Scotland. The registered office is 317 North Deeside Road, Peterculter, Aberdeen, AB14 0UL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
No depreciation is provided
Property improvements
10% straight line
Fixtures and fittings
15% and 20% reducing balance and 33.3% straight line
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Brian Smith Funeral Services Ltd.
Notes to the financial statements (continued)
for the year ended 31 October 2025
1
Accounting policies (continued)
5
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Brian Smith Funeral Services Ltd.
Notes to the financial statements (continued)
for the year ended 31 October 2025
1
Accounting policies (continued)
6
1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
10
3
Tangible fixed assets
Total
£
Cost
At 1 November 2024
2,157,750
Additions
15,245
Disposals
(97,876)
At 31 October 2025
2,075,119
Depreciation and impairment
At 1 November 2024
273,959
Depreciation charged in the year
47,709
Eliminated in respect of disposals
(1,530)
At 31 October 2025
320,138
Carrying amount
At 31 October 2025
1,754,981
At 31 October 2024
1,883,791
Brian Smith Funeral Services Ltd.
Notes to the financial statements (continued)
for the year ended 31 October 2025
7
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
50,000
50,000
Other investments other than loans
40,000
40,000
90,000
90,000
5
Creditors: amounts falling due after more than one year
Creditors which fall due after five years are payable as follows:
Payable by instalments
452,873
471,215

Secured creditors totalling £537,519 (2024 - £567,926) are included within creditors: amounts falling due after more than one year.

Bank borrowings are secured by Standard Securities over the company's properties at The Square, Banchory, 28 Hill O'Fare Road, Banchory and Birchbank, Burn of Bennie, Banchory, and also by a Bond and Floating Charge.

Hire purchase creditors are secured over the assets to which they relate.

Brian Smith Funeral Services Ltd.
Notes to the financial statements (continued)
for the year ended 31 October 2025
8
6
Related party transactions
Transactions with related parties

During the year, the company paid fees totalling £200,170 (2024 - £156,340) to, Baldarroch Crematorium Limited, a company in which Brian Smith is a director. Also during the year, £Nil (2024 - £14,286) was received from Baldarroch Crematorium Limited. At the year end, £5,320 (2024 - £Nil) was due to Baldarroch Crematorium Limited.

7
Directors' transactions

During the year the company paid rent to Brian Smith and Angela Smith, directors, on a commercial basis amounting to £12,000 (2024 - £12,000) per annum.

During the year the following directors entered into advances and credits with the company:

Description
Opening (debit)/credit balance
Amounts advanced
Amounts credited
Closing debit balance
£
£
£
£
Brian Smith - director's loan
(26,230)
(740)
5,753
(21,217)
Angela Smith - director's loan
(18,357)
(1,741)
6,753
(13,345)
Sam A. Smith - director's loan
7,012
(53,437)
17,900
(28,525)
Shauni K. Duncan - director's loan
(70,783)
(28,778)
8,949
(90,612)
(108,358)
(84,696)
39,355
(153,699)
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