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Registered number: 05718414
Coles Funeral Directors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 05718414
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,259,843 1,338,031
1,259,843 1,338,031
CURRENT ASSETS
Stocks 15,000 13,000
Debtors 6 196,719 174,678
Cash at bank and in hand 371,060 414,450
582,779 602,128
Creditors: Amounts Falling Due Within One Year 7 (370,936 ) (438,347 )
NET CURRENT ASSETS (LIABILITIES) 211,843 163,781
TOTAL ASSETS LESS CURRENT LIABILITIES 1,471,686 1,501,812
Creditors: Amounts Falling Due After More Than One Year 8 (359,666 ) (487,904 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (104,412 ) (113,646 )
NET ASSETS 1,007,608 900,262
CAPITAL AND RESERVES
Called up share capital 9 80 80
Capital redemption reserve 20 20
Profit and Loss Account 1,007,508 900,162
SHAREHOLDERS' FUNDS 1,007,608 900,262
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 G J Coles
Director
1 October 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Coles Funeral Directors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05718414 . The registered office is 2-4 Heathwood Road, Birchgrove, Cardiff, CF14 4XE.
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 customer returns, rebates and other similar allowances.
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.
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 10 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:
Freehold Over 50 years
Leasehold Over 10 year lease
Motor Vehicles 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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.
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.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2025: 27)
28 27
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 41,000
As at 31 March 2026 41,000
Amortisation
As at 1 April 2025 41,000
As at 31 March 2026 41,000
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2025 674,616 336,579 443,614 240,306 1,695,115
Additions - - 34,000 1,829 35,829
As at 31 March 2026 674,616 336,579 477,614 242,135 1,730,944
Depreciation
As at 1 April 2025 11,907 129,943 111,951 103,283 357,084
Provided during the period 6,747 33,658 52,825 20,787 114,017
As at 31 March 2026 18,654 163,601 164,776 124,070 471,101
Net Book Value
As at 31 March 2026 655,962 172,978 312,838 118,065 1,259,843
As at 1 April 2025 662,709 206,636 331,663 137,023 1,338,031
Page 5
Page 6
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 153,544 151,811
Prepayments and accrued income 10,791 8,272
Director's loan account 32,384 14,595
196,719 174,678
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 36,619 33,928
Trade creditors 107,838 196,388
Bank loans and overdrafts 77,882 52,299
Other taxes and social security 135,102 143,872
Other creditors 6,910 4,284
Accruals and deferred income 6,585 7,576
370,936 438,347
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 157,561 193,946
Bank loans 202,105 293,958
359,666 487,904
9. Share Capital
2026 2025
Allotted, called up and fully paid £ £
80 Ordinary Shares of £ 1.00 each 80 80
Page 6
Page 7
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Gareth Coles 14,595 32,384 14,595 - 32,384
The above loan is unsecured, interest free and repayable on demand.
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