Registration number: 06695826

Powys Funeral Services Limited

trading as Leach & Son

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Powys Funeral Services Limited

trading as Leach & Son

Company Information

Directors

S J Williams S J Tranter W A Willis R Parkes

Company secretary

S J Williams

Registered office

Argyll House Dawley Bank Telford Shropshire TF4 2BD

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Powys Funeral Services Limited

trading as Leach & Son

(Registration number: 06695826)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	18,456	24,624
Tangible assets	5	1,633,866	1,593,145
		1,652,322	1,617,769
Current assets
Stocks	6	35,100	40,319
Debtors	7	106,427	106,874
Cash at bank and in hand		24,202	268
		165,729	147,461
Creditors: Amounts falling due within one year	8	(474,185)	(509,106)
Net current liabilities		(308,456)	(361,645)
Total assets less current liabilities		1,343,866	1,256,124
Creditors: Amounts falling due after more than one year	8	(813,490)	(853,077)
Net assets		530,376	403,047
Capital and reserves
Called up share capital	9	100	100
Retained earnings		530,276	402,947
Shareholders' funds		530,376	403,047

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Powys Funeral Services Limited

trading as Leach & Son

(Registration number: 06695826)
Balance Sheet as at 31 October 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 July 2026 and signed on its behalf by:
 

S J Williams Company secretary and director

W A Willis Director

Powys Funeral Services Limited

trading as Leach & Son

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Argyll House
Dawley Bank
Telford
Shropshire
TF4 2BD

The principal place of business is:
Mount Severn
Pool Road
Newtown
SY16 1DW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Powys Funeral Services Limited

trading as Leach & Son

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	Not depreciated
Tenants additions	15% reducing balance
Equipment	20% reducing balance
Office furnishings	20% reducing balance
Motor vehicles	25% reducing balance

Land is not depreciated. The building will be depreciated based on its useful life and residual value once it is brought into use in the company's trade.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line

Powys Funeral Services Limited

trading as Leach & Son

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	123,311	123,311
At 31 October 2025	123,311	123,311
Amortisation
At 1 November 2024	98,687	98,687
Amortisation charge	6,168	6,168
At 31 October 2025	104,855	104,855
Carrying amount
At 31 October 2025	18,456	18,456
At 31 October 2024	24,624	24,624

Powys Funeral Services Limited

trading as Leach & Son

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Included within the net book value of £1,633,866 is £36,630 (2024 - £43,543) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £6,913 (2024 - £8,157).

Included within the net book value of land and buildings above is £1,563,024 (2024 - £1,505,263) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	35,100	40,319

7

Debtors

	2025 £	2024 £
Trade debtors	80,525	64,483
Prepayments	1,902	8,063
Other debtors	24,000	34,328
	106,427	106,874

Powys Funeral Services Limited

trading as Leach & Son

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	61,933	125,358
Trade creditors		32,300	25,212
Taxation and social security		50,895	28,088
Accruals and deferred income		51,815	50,187
Other creditors		277,242	280,261
		474,185	509,106

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	813,490	853,077