Seasons Personal Funeral Plans Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06680021 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

SEASONS PERSONAL FUNERAL PLANS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A C Caunce

Mr M A Livesey

Mr C J E Livesey

REGISTERED OFFICE:

85 Todd Lane North

Lostock Hall

Preston

Lancashire

PR5 5UR

REGISTERED NUMBER:

06680021 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

CURRENT ASSETS

Debtors

120

-

Cash at bank

2

2

122

2

CREDITORS

Amounts falling due within one year

14,667

-

NET CURRENT (LIABILITIES)/ASSETS

(14,545

)

2

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,545

)

2

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(14,547

)

-

SHAREHOLDERS' FUNDS

(14,545

)

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 January 2016 and were signed on its behalf by:

Mr M A Livesey - Director

Mr A C Caunce - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements are prepared on a going concern basis under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). A summary of the

principal accounting policies, which have been applied consistently throughout the year is set out below:

Pre-arranged funeral plans

Trust plans

The Company markets and sells pre-arranged funeral plans, monies received from selling funeral plans being

held and controlled by an independent pre-arranged funeral plans trust ('the Trust'). The responsibilities for the

ultimate performance of funerals is allocated to funeral directors, who are selected by the beneficiary of the plan.

The Company receives monies from the Trust in respect of the following transactions:

- A marketing and administration fee in respect of each plan sold. The marketing element is only refundable in

the event that the plan is subsequently cancelled. A provision is made for cancellations based on historical

experiences, where material, to cover the estimated marketing element refundable in the Trust. Marketing and

administration fees are included in Company revenue when the plan is sold less the provision for refunds arising

on cancellation, and

- Further contributions are also received from the Trust in return for the provision of general ingoing

administrative services supplied to the Trust. These contributions are included in Company revenue for the

period to which they relate.

All costs in respect of the marketing and administration of the pre-arranged funeral plans are expensed in the

Company income statements as incurred.

From time to time, the Company may receive monies from the Trust, in line with the Trust's deed, which have

been assessed by the trustees as not required to ensure the Trust has sufficient assets to meet its future liabilities

in respect of current members ('Recoveries'). All Recoveries are recognised as other operating income in the

period to which the trustees approve payment.

The company makes payment on behalf of the Trust relating to the ongoing overheads of the Trust, refunds to

members of the Trust in the event of cancellation, and the payments made to third party funeral directors when

the funeral is ultimately performed. All such payments are reimbursed in full by the Trust on demand, in

accordance with the terms of the Trust's deed.

Neither the sales value of the plans nor the costs of providing funerals are recognised in the financial statements

of the Company when a pre-arranged funeral plan is sold.

The company contractually guarantees with the customer of a pre-arranged funeral plan that:

(i) If the customer chooses to cancel their selected funeral plan, a full refund will be made to the customer of all

monies paid in respect thereof (less in certain cases an administration fee payable to the Company);

(ii) The funeral director's services (as selected by the customer) will be provided regardless of price rises in the

future.

Turnover

The company is not registered for VAT as funeral services are exempt from VAT. Turnover represents the value

of marketing and administration services provided to the Trust during the year.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

2

Share capital 1

1

2

2