SOUTH DOWNS FUNERAL SERVICE LIMITED

SOUTH DOWNS FUNERAL SERVICE LIMITED

SOUTH DOWNS FUNERAL SERVICE LIMITED - Company Information

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1 April 2018 false No description of principal activity Taxfiler 2019.11.Web 07800147business:PrivateLimitedCompanyLtd2018-04-012019-03-31 078001472018-03-31 078001472018-04-012019-03-31 07800147business:AuditExemptWithAccountantsReport2018-04-012019-03-31 07800147business:FullAccounts2018-04-012019-03-31 078001472019-03-31 07800147business:Director12018-04-012019-03-31 07800147business:Director22018-04-012019-03-31 07800147business:RegisteredOffice2018-04-012019-03-31 078001472018-03-31 07800147core:WithinOneYear2019-03-31 07800147core:WithinOneYear2018-03-31 07800147core:ShareCapital2019-03-31 07800147core:ShareCapital2018-03-31 07800147core:RetainedEarningsAccumulatedLosses2019-03-31 07800147core:RetainedEarningsAccumulatedLosses2018-03-31 07800147business:SmallEntities2018-04-012019-03-31 07800147countries:EnglandWales2018-04-012019-03-31 07800147core:LandBuildings2018-04-012019-03-31 07800147core:MotorVehicles2018-04-012019-03-31 07800147core:FurnitureFittings2018-04-012019-03-31 07800147core:ComputerEquipment2018-04-012019-03-31 07800147core:Goodwill2018-03-31 07800147core:Goodwill2018-04-012019-03-31 07800147core:Goodwill2019-03-31 07800147core:LandBuildings2018-03-31 07800147core:MotorVehicles2018-03-31 07800147core:FurnitureFittings2018-03-31 07800147core:ComputerEquipment2018-03-31 07800147core:LandBuildings2019-03-31 07800147core:MotorVehicles2019-03-31 07800147core:FurnitureFittings2019-03-31 07800147core:ComputerEquipment2019-03-31 078001472017-04-012018-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07800147 (England and Wales)
SOUTH DOWNS FUNERAL SERVICE LIMITED Unaudited accounts for the year ended 31 March 2019
SOUTH DOWNS FUNERAL SERVICE LIMITED Unaudited accounts Contents
Page
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SOUTH DOWNS FUNERAL SERVICE LIMITED Company Information for the year ended 31 March 2019
Directors
PAUL LEE-BAPTY MARTIN LEE-BAPTY
Company Number
07800147 (England and Wales)
Registered Office
THE OLD POST OFFICE HAMBLEDON ROAD DENMEAD WATERLOOVILLE HAMPSHIRE PO7 6NN
Accountants
LACEY & CO., ACCOUNTANTS 238A LONDON ROAD WATERLOOVILLE HAMPSHIRE PO7 7HB
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SOUTH DOWNS FUNERAL SERVICE LIMITED Accountants' report
Accountants' report to the board of directors of SOUTH DOWNS FUNERAL SERVICE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED for the year ended 31 March 2019 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SOUTH DOWNS FUNERAL SERVICE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOUTH DOWNS FUNERAL SERVICE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SOUTH DOWNS FUNERAL SERVICE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SOUTH DOWNS FUNERAL SERVICE LIMITED. You consider that SOUTH DOWNS FUNERAL SERVICE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SOUTH DOWNS FUNERAL SERVICE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
LACEY & CO., ACCOUNTANTS 238A LONDON ROAD WATERLOOVILLE HAMPSHIRE PO7 7HB 29 November 2019
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SOUTH DOWNS FUNERAL SERVICE LIMITED Statement of financial position as at 31 March 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
35,395 
- 
Tangible assets
5
76,833 
84,963 
112,228 
84,963 
Current assets
Inventories
6
6,138 
5,101 
Debtors
7
32,493 
17,975 
Cash at bank and in hand
158,404 
131,342 
197,035 
154,418 
Creditors: amounts falling due within one year
8
(108,893)
(85,626)
Net current assets
88,142 
68,792 
Net assets
200,370 
153,755 
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
100,370 
53,755 
Shareholders' funds
200,370 
153,755 
For the year ending 31 March 2019 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 December 2019.
PAUL LEE-BAPTY Director Company Registration No. 07800147
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SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2019
1
Statutory information
SOUTH DOWNS FUNERAL SERVICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07800147. The registered office is THE OLD POST OFFICE HAMBLEDON ROAD, DENMEAD, WATERLOOVILLE, HAMPSHIRE, PO7 6NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of Vat and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 20 years on cost / Straight line over 5 years on cost
Motor vehicles
Reducing balance method at 15%
Fixtures & fittings
Straight line at 10% on cost
Computer equipment
Straight line at 33% on cost
Intangible fixed assets
Intangible fixed assets, goodwill, are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2019
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2018
- 
Additions
44,244 
At 31 March 2019
44,244 
Amortisation
At 1 April 2018
- 
Charge for the year
8,849 
At 31 March 2019
8,849 
Net book value
At 31 March 2019
35,395 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2018
78,914 
50,771 
18,375 
1,723 
149,783 
Additions
4,411 
- 
- 
- 
4,411 
At 31 March 2019
83,325 
50,771 
18,375 
1,723 
154,194 
Depreciation
At 1 April 2018
20,450 
31,623 
11,025 
1,722 
64,820 
Charge for the year
7,831 
2,872 
1,838 
- 
12,541 
At 31 March 2019
28,281 
34,495 
12,863 
1,722 
77,361 
Net book value
At 31 March 2019
55,044 
16,276 
5,512 
1 
76,833 
At 31 March 2018
58,464 
19,148 
7,350 
1 
84,963 
6
Inventories
2019 
2018 
£ 
£ 
Finished goods
6,138 
5,101 
6,138 
5,101 
7
Debtors
2019 
2018 
£ 
£ 
Trade debtors
29,636 
15,118 
Other debtors
2,857 
2,857 
32,493 
17,975 
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SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2019
8
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
4,431 
2,767 
Taxes and social security
17,855 
4,091 
Other creditors
494 
1,097 
Loans from directors
78,674 
73,674 
Accruals
7,439 
3,997 
108,893 
85,626 
9
Average number of employees
During the year the average number of employees was 10 (2018: 8).
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