REGISTERED NUMBER: 03347464 (England and Wales)

GREEN WILLOW FUNERALS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

5

5,288

6,916

Tangible assets

6

268,360

340,694

273,648

347,610

CURRENT ASSETS

Stocks

13,308

21,375

Debtors

7

221,882

176,625

Cash at bank and in hand

641,702

453,449

876,892

651,449

CREDITORS

Amounts falling due within one year

8

574,351

350,212

NET CURRENT ASSETS

302,541

301,237

TOTAL ASSETS LESS CURRENT LIABILITIES

576,189

648,847

CREDITORS

Amounts falling due after more than one year

9

75,780

137,766

NET ASSETS

500,409

511,081

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

500,407

511,079

SHAREHOLDERS' FUNDS

500,409

511,081

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 Board of Directors and authorised for issue on 29th October 2025 and were signed on its behalf by:

I T Thomas - Director

1.	STATUTORY INFORMATION

Green Willow Funerals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03347464

Registered office:

Eclipse House

Coronation Road

Cardiff

CF14 4QY

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Amortisation & Depreciation: the useful lives of intangible and tangible assets and their value are subject to an estimate by the board and management based on prior experience and knowledge of this and other similar entities. However, it is unlikely to have a material effect on the accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amount receivable for goods supplied and services rendered, stated net of discounts.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Goodwill has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website & Branding is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 25 years

Plant and machinery

-

20% straight line on cost

Fixtures and fittings

-

20% straight line on cost

Motor vehicles

-

25% straight line on cost

Computer equipment

-

33.33% straight line on cost

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation.

Stocks

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

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method if due more than one year and the effect of discounting is material.

Going concern

There are no material matters arising which prevent the financial statements being prepared on the basis of a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 28 ) .

5.	INTANGIBLE FIXED ASSETS

Website &

Goodwill

Branding

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

11,300

8,136

19,436

AMORTISATION

At 1st April 2024

11,300

1,220

12,520

Amortisation for year

-

1,628

1,628

At 31st March 2025

11,300

2,848

14,148

NET BOOK VALUE

At 31st March 2025

-

5,288

5,288

At 31st March 2024

-

6,916

6,916

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2024

41,342

83,750

28,545

Additions

-

41,985

312

At 31st March 2025

41,342

125,735

28,857

DEPRECIATION

At 1st April 2024

24,764

54,906

27,339

Charge for year

1,654

9,962

286

At 31st March 2025

26,418

64,868

27,625

NET BOOK VALUE

At 31st March 2025

14,924

60,867

1,232

At 31st March 2024

16,578

28,844

1,206

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

409,770

42,505

605,912

Additions

-

1,836

44,133

At 31st March 2025

409,770

44,341

650,045

DEPRECIATION

At 1st April 2024

124,218

33,991

265,218

Charge for year

99,503

5,062

116,467

At 31st March 2025

223,721

39,053

381,685

NET BOOK VALUE

At 31st March 2025

186,049

5,288

268,360

At 31st March 2024

285,552

8,514

340,694

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

165,082

125,449

Other debtors and prepayments

56,800

51,176

221,882

176,625

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

344,361

150,555

Taxation and social security

19,047

16,911

Other creditors and accruals

210,943

182,746

574,351

350,212

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

75,780

137,766

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

116,298

98,377

Between one and five years

146,618

127,419

In more than five years

63,600

8,550

326,516

234,346

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Debentures

81,999

114,775

The debenture loan included in other creditors and split between due in less than one year £34,971 and due in more than one year £47,027, is secured by a fixed and floating first charge registered on the company's assets.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Farzana Ahmed (Senior Statutory Auditor)

for and on behalf of Carston ETL

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Cardiff YMCA (1910) Trust (Charity Registration no: 1163822).