Dignity Equine Cremations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11126659 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Dignity Equine Cremations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Spurgeon

A House

REGISTERED OFFICE:

Brickfields

Odiham Road

Winchfield

Hampshire

RG27 8BU

REGISTERED NUMBER:

11126659 (England and Wales)

FIXED ASSETS

Tangible assets

4

22,030

28,112

CURRENT ASSETS

Debtors

5

874

325

Cash at bank

44,861

25,376

45,735

25,701

CREDITORS

Amounts falling due within one year

6

20,919

8,614

NET CURRENT ASSETS

24,816

17,087

TOTAL ASSETS LESS CURRENT LIABILITIES

46,846

45,199

CREDITORS

Amounts falling due after more than one year

7

60,827

61,137

NET LIABILITIES

(13,981

)

(15,938

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(13,983

)

(15,940

)

SHAREHOLDERS' FUNDS

(13,981

)

(15,938

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2021 and were signed on its behalf by:

K Spurgeon - Director

1.	STATUTORY INFORMATION

Dignity Equine Cremations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

48,626

Additions

973

At 31 December 2020

49,599

DEPRECIATION

At 1 January 2020

20,514

Charge for year

7,055

At 31 December 2020

27,569

NET BOOK VALUE

At 31 December 2020

22,030

At 31 December 2019

28,112

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

874

65

Other debtors

-

260

874

325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

5,500

-

Trade creditors

3,836

1,957

Taxation and social security

3,030

3,000

Other creditors

8,553

3,657

20,919

8,614

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

60,827

61,137

8.	RELATED PARTY DISCLOSURES

During the year Dignity Pet Crematorium Limited, of which Kevin Spurgeon is a director and ultimate owner, recharged a management fee of £5,616.81 for the use of the cremation facilities and staff. At the year end the balance owed to Dignity Pet Crematorium was £8,252.98 (2019: £2,636.17). This loan is interest free.

During the year Your Choose Recycling Limited, of which Adrian House is a director and ultimate owner, received £50 towards the repayment of their interest free loan with the business. The balanced at the year end owed to You Chose Recycling Limited is £60,828.84 (2019: £61,136.84). This loan is interest free.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.