SOUTH DOWNS FUNERAL SERVICE LIMITED

SOUTH DOWNS FUNERAL SERVICE LIMITED

SOUTH DOWNS FUNERAL SERVICE LIMITED - Company Information

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1 April 2020 false No description of principal activity Taxfiler 2021.19 07800147business:PrivateLimitedCompanyLtd2020-04-012021-03-31 078001472020-03-31 078001472020-04-012021-03-31 07800147business:AuditExemptWithAccountantsReport2020-04-012021-03-31 07800147business:FullAccounts2020-04-012021-03-31 078001472021-03-31 07800147business:Director12020-04-012021-03-31 07800147business:Director22020-04-012021-03-31 07800147business:RegisteredOffice2020-04-012021-03-31 078001472020-03-31 07800147core:WithinOneYear2021-03-31 07800147core:WithinOneYear2020-03-31 07800147core:ShareCapital2021-03-31 07800147core:ShareCapital2020-03-31 07800147core:RetainedEarningsAccumulatedLosses2021-03-31 07800147core:RetainedEarningsAccumulatedLosses2020-03-31 07800147business:SmallEntities2020-04-012021-03-31 07800147countries:EnglandWales2020-04-012021-03-31 07800147core:LandBuildings2020-04-012021-03-31 07800147core:MotorVehicles2020-04-012021-03-31 07800147core:FurnitureFittings2020-04-012021-03-31 07800147core:ComputerEquipment2020-04-012021-03-31 07800147core:Goodwill2020-03-31 07800147core:Goodwill2020-04-012021-03-31 07800147core:Goodwill2021-03-31 07800147core:LandBuildings2020-03-31 07800147core:MotorVehicles2020-03-31 07800147core:FurnitureFittings2020-03-31 07800147core:ComputerEquipment2020-03-31 07800147core:LandBuildings2021-03-31 07800147core:MotorVehicles2021-03-31 07800147core:FurnitureFittings2021-03-31 07800147core:ComputerEquipment2021-03-31 078001472019-04-012020-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07800147 (England and Wales)
SOUTH DOWNS FUNERAL SERVICE LIMITED Unaudited accounts for the year ended 31 March 2021
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 2021
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 2021
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 2021 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 October 2021
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SOUTH DOWNS FUNERAL SERVICE LIMITED Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
31,482 
37,103 
Tangible assets
5
113,967 
134,078 
145,449 
171,181 
Current assets
Inventories
8,140 
7,664 
Debtors
6
26,169 
25,608 
Cash at bank and in hand
245,990 
145,416 
280,299 
178,688 
Creditors: amounts falling due within one year
7
(118,042)
(106,774)
Net current assets
162,257 
71,914 
Net assets
307,706 
243,095 
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
207,706 
143,095 
Shareholders' funds
307,706 
243,095 
For the year ending 31 March 2021 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.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2021 and were signed on its behalf by
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 2021
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.
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:- Leasehold improvements at Clanfield premises= 20% Leasehold improvements at Denmead premises = 5% Leasehold improvements at Southsea premises = 10%
Land & buildings
Straight line on cost, applied over the years stated above.
Motor vehicles
Reducing balance method at 15%.
Fixtures & fittings
Straight line at 10% on cost, no residual value.
Computer equipment
Straight line at 33% on cost, no residual value.
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.
Government grants
The performance model has been adopted for reporting grants received. The company has received payments from the Coronavirus Small Business Support Grant Fund. There are no specified future performance-related conditions imposed on these grants and the amounts have been recognised in the accounts as income when the grant proceeds were received.
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SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2021
Covid-19
The company has continued to trade throughout the pandemic although, the restrictions imposed by the arrival of Covid-19 have had an affect. Despite having carried out a similar number of funerals as the previous year, the company experienced a decrease in the revenue achieved. This has been attributed in part to the introduction of the social distancing rules, where the attendance of mourners was severely limited ; the company noticed that a greater number of basic funeral packages were being chosen. Additionally, it was no longer possible to safely offer a limousine service to families as part of their funeral packages. The company operates from four separate locations and each premises was eligible to support from the Coronavirus Small Business Grant Fund; a total of £40,000 was received.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2020
55,227 
Additions
10,120 
At 31 March 2021
65,347 
Amortisation
At 1 April 2020
18,124 
Charge for the year
15,741 
At 31 March 2021
33,865 
Net book value
At 31 March 2021
31,482 
At 31 March 2020
37,103 
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 2020
146,886 
51,156 
20,211 
1,723 
219,976 
At 31 March 2021
146,886 
51,156 
20,211 
1,723 
219,976 
Depreciation
At 1 April 2020
40,507 
28,785 
14,884 
1,722 
85,898 
Charge for the year
13,449 
3,356 
3,306 
- 
20,111 
At 31 March 2021
53,956 
32,141 
18,190 
1,722 
106,009 
Net book value
At 31 March 2021
92,930 
19,015 
2,021 
1 
113,967 
At 31 March 2020
106,379 
22,371 
5,327 
1 
134,078 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
23,419 
22,858 
Other debtors
2,750 
2,750 
26,169 
25,608 
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SOUTH DOWNS FUNERAL SERVICE LIMITED Notes to the Accounts for the year ended 31 March 2021
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
4,779 
6,435 
Taxes and social security
28,278 
13,701 
Other creditors
134 
216 
Loans from directors
76,827 
78,674 
Accruals
8,024 
7,748 
118,042 
106,774 
8
Average number of employees
During the year the average number of employees was 12 (2020: 11).
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