REGISTERED NUMBER: 05547317 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

FOR

CLIFFORD WARD FUNERAL DIRECTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R L Billington

REGISTERED OFFICE:

Mount Pleasant

Corporation Street

Preston

Lancashire

PR1 2UQ

REGISTERED NUMBER:

05547317 (England and Wales)

ACCOUNTANTS:

SBCA Chartered Accountants

17 Moor Park Avenue

Preston

Lancashire

PR1 6AS

FIXED ASSETS

Tangible assets

4

422,606

456,410

CURRENT ASSETS

Stocks

5

15,603

15,371

Debtors

6

152,949

200,022

Cash at bank and in hand

73,478

159,029

242,030

374,422

CREDITORS

Amounts falling due within one year

7

(59,812

)

(126,897

)

NET CURRENT ASSETS

182,218

247,525

TOTAL ASSETS LESS CURRENT LIABILITIES

604,824

703,935

CREDITORS

Amounts falling due after more than one year

8

(6,275

)

(12,814

)

PROVISIONS FOR LIABILITIES

10

(146

)

(4,375

)

NET ASSETS

598,403

686,746

CAPITAL AND RESERVES

Called up share capital

11

15

15

Retained earnings

12

598,388

686,731

SHAREHOLDERS' FUNDS

598,403

686,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 26th June 2026 and were signed by:

R L Billington - Director

1.	STATUTORY INFORMATION

Clifford Ward Funeral Directors 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.

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.

Goods and services

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st October 2024

150,000

78,335

6,823

Disposals

-

-

(749

)

At 30th September 2025

150,000

78,335

6,074

DEPRECIATION

At 1st October 2024

-

14,601

4,638

Charge for year

-

7,836

279

Eliminated on disposal

-

-

(424

)

At 30th September 2025

-

22,437

4,493

NET BOOK VALUE

At 30th September 2025

150,000

55,898

1,581

At 30th September 2024

150,000

63,734

2,185

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st October 2024

24,338

391,826

651,322

Disposals

(2,566

)

(5,000

)

(8,315

)

At 30th September 2025

21,772

386,826

643,007

DEPRECIATION

At 1st October 2024

14,981

160,692

194,912

Charge for year

839

23,496

32,450

Eliminated on disposal

(1,625

)

(4,912

)

(6,961

)

At 30th September 2025

14,195

179,276

220,401

NET BOOK VALUE

At 30th September 2025

7,577

207,550

422,606

At 30th September 2024

9,357

231,134

456,410

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

Motor

vehicles

£

COST

At 1st October 2024

and 30th September 2025

330,769

DEPRECIATION

At 1st October 2024

102,318

Charge for year

22,845

At 30th September 2025

125,163

NET BOOK VALUE

At 30th September 2025

205,606

At 30th September 2024

228,451

5.

STOCKS

30.9.25

30.9.24

£

£

Stocks

15,603

15,371

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

21,724

26,282

Other debtors

131,225

173,740

152,949

200,022

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts (see note 9)

6,539

35,143

Trade creditors

17,653

19,373

Taxation and social security

16,111

28,993

Other creditors

19,509

43,388

59,812

126,897

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts (see note 9)

6,275

12,814

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.25

30.9.24

£

£

Net obligations repayable:

Within one year

6,539

35,143

Between one and five years

6,275

12,814

12,814

47,957

10.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

146

4,375

Deferred

tax

£

Balance at 1st October 2024

4,375

Credit to Statement of Income and Retained Earnings during year

(4,229

)

Balance at 30th September 2025

146

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

8

Ordinary A

£1

8

8

7

Ordinary B

£1

7

7

15

15

12.

RESERVES

Retained

earnings

£

At 1st October 2024

686,731

Profit for the year

42,657

Dividends

(131,000

)

At 30th September 2025

598,388

13.	DIRECTORS' AND PARTICIPATORS ADVANCES AND CREDITS

The following advances and credits to a director subsisted during the years ended 30th September 2025 and 30th September 2024:

30.9.25

30.9.24

£

£

R L Billington

Balance outstanding at start of year

108,750

180,763

Amounts advanced

106,098

65,902

Amounts repaid

(131,000

)

(137,915

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

83,848

108,750

Interest has been charged at the HMRC approved rate and the maximum balance during the year was £205,875. Amounts are repayable on demand.