NAFD CLG - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10885560 (England and Wales)

NATIONAL ASSOCIATION OF FUNERAL

DIRECTORS

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

J C Adams

D G Barrington

G H Boyle

Ms C S Edwards

J T Hussey

S P D Kershaw

W Millar

B Pritchard

Ms G L Stewart

J Gilbert - Trigg

M D Adams

D Smith

A W Judd

M Pengelly

REGISTERED OFFICE:

618 Warwick Road

Solihull

West Midlands

B91 1AA

REGISTERED NUMBER:

10885560 (England and Wales)

SENIOR STATUTORY AUDITOR:

Gavin Gardiner FCA

AUDITORS:

Gardiner Fosh

Chartered Accountants and Statutory Auditor

31 St John's

Worcester

Worcestershire

WR2 5AG

FIXED ASSETS

Tangible assets

4

540,000

540,000

Investments

5

10

10

540,010

540,010

CURRENT ASSETS

Debtors

6

299,990

349,990

NET CURRENT ASSETS

299,990

349,990

TOTAL ASSETS LESS CURRENT LIABILITIES

840,000

890,000

PROVISIONS FOR LIABILITIES

300,000

350,000

NET ASSETS

540,000

540,000

RESERVES

Other reserves

540,000

540,000

540,000

540,000

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 24 August 2023 and were signed on its behalf by:

J C Adams - Director

1.	STATUTORY INFORMATION

National Association of Funeral Directors is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2022

and 31 March 2023

540,000

NET BOOK VALUE

At 31 March 2023

540,000

At 31 March 2022

540,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 31 March 2023

10

NET BOOK VALUE

At 31 March 2023

10

At 31 March 2022

10

The company's investments at the Balance Sheet date in the share capital of companies include the following:

NAFD Limited

Registered office: UK

Nature of business: Operational Activities of Trade Association

%

Class of shares:

holding

Ordinary

100.00

2023

2022

£

£

Aggregate capital and reserves

-

307,986

Loss for the year/period

-

(174,986

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed by group undertakings

299,990

349,990

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gavin Gardiner FCA (Senior Statutory Auditor)

for and on behalf of Gardiner Fosh