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Registered number: 05032842
Caerphilly Funeral Services Limited
Unaudited Financial Statements
For the Period 1 April 2024 to 4 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05032842
4 April 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 489,641 580,511
489,641 580,511
CURRENT ASSETS
Stocks 6,421 17,200
Debtors 6 91,884 37,620
Cash at bank and in hand 14,205 69,984
112,510 124,804
Creditors: Amounts Falling Due Within One Year 7 (415,882 ) (220,415 )
NET CURRENT ASSETS (LIABILITIES) (303,372 ) (95,611 )
TOTAL ASSETS LESS CURRENT LIABILITIES 186,269 484,900
Creditors: Amounts Falling Due After More Than One Year 8 - (157,566 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,310 ) (38,432 )
NET ASSETS 153,959 288,902
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 79,016 79,016
Profit and Loss Account 74,843 209,786
SHAREHOLDERS' FUNDS 153,959 288,902
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Page 2
For the period ending 4 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 A H Fraser
Director
9 October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Caerphilly Funeral Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05032842 . The registered office is Cumberland Court, 80 Mount Street, Nottingham, England, NG1 6HH.
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 Straight line over fifty years
Motor Vehicles 33% ( funeral 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 period, 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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3. Average Number of Employees
Average number of employees, including directors, during the period was: 24 (2024: 21)
24 21
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 139,999
As at 4 April 2025 139,999
Amortisation
As at 1 April 2024 139,999
As at 4 April 2025 139,999
Net Book Value
As at 4 April 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 310,000 526,895 116,554 953,449
Additions 2,124 - 5,093 7,217
Disposals - (15,450 ) (83,587 ) (99,037 )
As at 4 April 2025 312,124 511,445 38,060 861,629
Depreciation
As at 1 April 2024 18,600 274,031 80,307 372,938
Provided during the period 6,200 48,631 6,714 61,545
Impairment losses 12,324 - - 12,324
Disposals - (9,159 ) (65,660 ) (74,819 )
As at 4 April 2025 37,124 313,503 21,361 371,988
Net Book Value
As at 4 April 2025 275,000 197,942 16,699 489,641
As at 1 April 2024 291,400 252,864 36,247 580,511
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6. Debtors
4 April 2025 31 March 2024
£ £
Due within one year
Trade debtors 86,408 29,538
Prepayments and accrued income 5,476 5,776
Other debtors - 2,306
91,884 37,620
7. Creditors: Amounts Falling Due Within One Year
4 April 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 65,231 43,798
Trade creditors 90,433 63,834
Bank loans and overdrafts 95,546 25,486
Other taxes and social security 14,019 7,301
Other creditors 40,452 967
Accruals and deferred income 53,944 55,597
Directors' loan accounts 56,257 23,432
415,882 220,415
8. Creditors: Amounts Falling Due After More Than One Year
4 April 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts - 61,205
Bank loans - 96,361
- 157,566
9. Share Capital
4 April 2025 31 March 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
10. Post Balance Sheet Events
On the 4th April 2025 the company was acquired by Funeral Partners Limited.
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