PFC Manchester Top Co Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11050805 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

PFC MANCHESTER TOP CO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L K Austin

REGISTERED OFFICE:

National House

80-82 Wellington Road North

Stockport

Cheshire

SK4 1HW

REGISTERED NUMBER:

11050805 (England and Wales)

ACCOUNTANTS:

KJG

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

4

303,550

277,378

CURRENT ASSETS

Debtors

5

6,250

57,368

Cash at bank

15,964

4,732

22,214

62,100

CREDITORS

Amounts falling due within one year

6

(1,304,661

)

(873,868

)

NET CURRENT LIABILITIES

(1,282,447

)

(811,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(978,897

)

(534,390

)

CREDITORS

Amounts falling due after more than one year

7

(63,546

)

(86,374

)

NET LIABILITIES

(1,042,443

)

(620,764

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,042,543

)

(620,864

)

SHAREHOLDERS' FUNDS

(1,042,443

)

(620,764

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd March 2023 and were signed by:

Mrs L K Austin - Director

1.	STATUTORY INFORMATION

Pride Funeral Care Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11050805. The address of the registered office and principal place of business is National House, 80-82 Wellington Road North, Stockport, Cheshire, United Kingdom, SK4 1HW.

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 compromises of services in relation to carrying out Funerals and other related services. Turnover is recognised when separate performance obligations are delivered to the customer, which for funeral plans is the funeral itself and therefore revenue is only recognised when the funeral is performed.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Short leasehold

-

10% on cost

Improvements to property

-

20% Reducing balance

Fixtures and fittings

-

25% Reducing balance

Computer equipment

-

33% Reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1st April 2021

30,000

188,203

16,088

Additions

-

110,601

1,127

At 31st March 2022

30,000

298,804

17,215

DEPRECIATION

At 1st April 2021

9,000

47,728

5,309

Charge for year

3,000

50,215

5,681

At 31st March 2022

12,000

97,943

10,990

NET BOOK VALUE

At 31st March 2022

18,000

200,861

6,225

At 31st March 2021

21,000

140,475

10,779

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2021

64,760

86,000

7,531

392,582

Additions

-

-

-

111,728

At 31st March 2022

64,760

86,000

7,531

504,310

DEPRECIATION

At 1st April 2021

28,885

21,500

2,782

115,204

Charge for year

8,968

16,125

1,567

85,556

At 31st March 2022

37,853

37,625

4,349

200,760

NET BOOK VALUE

At 31st March 2022

26,907

48,375

3,182

303,550

At 31st March 2021

35,875

64,500

4,749

277,378

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by participating interests

-

50,000

Other debtors

6,250

7,368

6,250

57,368

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

8,333

Amounts owed to group undertakings

1,277,805

-

Amounts owed to participating interests

-

843,115

Taxation and social security

-

5,708

Other creditors

16,856

16,712

1,304,661

873,868

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

31,667

41,667

Other creditors

31,879

44,707

63,546

86,374

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Pride Planning Ltd, incorporated in England and Wales whose registered office is The old Bank, 187a Ashley Road, Hale, Altrincham, WA15 9SQ.