Essex Memorials Limited Filleted accounts for Companies House (small and micro)
Essex Memorials Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04604917
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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-------- |
-------- |
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Current assets
Stock and work in progress |
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Debtors |
7 |
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Cash at bank and in hand |
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-------- |
--------- |
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Creditors: amounts falling due within one year |
8 |
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-------- |
--------- |
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Net current (liabilities)/assets |
(
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-------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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------- |
--------- |
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Net assets |
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------- |
--------- |
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Capital and reserves
Called up share capital |
10 |
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Capital redemption reserve |
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Profit and loss account |
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------- |
--------- |
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Shareholders funds |
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------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
17 June 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04604917
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Notes to the Financial Statements |
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corporation Road, Chelmsford, Essex, CM1 2AR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
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 |
- |
Over 20 years |
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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.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property |
- |
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Plant and machinery |
- |
10% - 25% Straight Line |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks and work in progress
Finance leases and hire purchase contracts
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Average number of employees
During the year the average number of employees was 1 (2017: 1) which consisted of the director only.
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 January 2018 and 31 December 2018 |
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Amortisation |
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At 1 January 2018 |
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Charge for the year |
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At 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
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At 31 December 2017 |
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6.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2018 |
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Additions |
– |
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– |
– |
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---- |
-------- |
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At 31 December 2018 |
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------- |
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-------- |
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Depreciation |
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At 1 January 2018 |
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Charge for the year |
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------- |
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-------- |
--------- |
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At 31 December 2018 |
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-------- |
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Carrying amount |
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At 31 December 2018 |
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At 31 December 2017 |
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7.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Amounts due from related undertakings |
– |
128,766 |
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--------- |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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– |
Accruals and deferred income |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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-------- |
------- |
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------- |
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9.
Creditors:
amounts falling due after more than one year
2018 |
2017 |
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£ |
£ |
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Obligations under finance leases and hire purchase contracts |
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10.
Called up share capital
Issued, called up and fully paid
2018 |
2017 |
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No. |
£ |
No. |
£ |
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1.00 |
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1.00 |
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11.
Related party transactions
At the year end the company owed £36,267 to PJK Funeral Directors Limited, which is shown amongst creditors (2017:was owed £128,766 by PJK Funeral Directors Limited, which is shown amongst debtors).
12.
Controlling party
The ultimate parent undertaking of Essex Memorials Ltd is PJK Funeral Directors Ltd, a company incorporated in England and Wales. Registered office address: 6 Corporation Road, Chelmsford, Essex, CM1 2AR. The ultimate controlling party throughout the current and previous accounting period was P J King, director.