Funeral Planning Authority Limited - Limited company accounts 11.6

REGISTERED NUMBER: 04314827 (England and Wales)

FUNERAL PLANNING AUTHORITY LIMITED

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Report of the Directors

2

to

3

Report of the Independent Auditors

4

to

5

Income and Expenditure Account

6

Balance Sheet

7

Notes to the Financial Statements

8

to

10

DIRECTORS:

A S MacDonald

M S Harland

M K McCollum

R A Wayte

G P Williams

Mrs A J Close

SECRETARY:

M S Harland

REGISTERED OFFICE:

50 Broadway

Westminster

London

SW1H 0BL

REGISTERED NUMBER:

04314827 (England and Wales)

SENIOR STATUTORY AUDITOR:

Cheryl Rowsell FCA

AUDITORS:

Gibbons Mannington & Phipps

Statutory

Auditor

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

BANKERS:

Bank of Scotland

Professionals' Accounts Office

3rd Floor

39 Threadneedle Street

LONDON

EC2R 8AU

The directors present their report with the financial statements of the company for the year ended 31 March 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this

report.

A S MacDonald

M S Harland

M K McCollum

R A Wayte

G P Williams

Mrs A J Close

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance

with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the

directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted

Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors

must not approve the financial statements unless they are satisfied that they give a true and fair view of the state

of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial

statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company

and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also

responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention

and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the

Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that

he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit

information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Gibbons Mannington & Phipps, will be proposed for re-appointment at the forthcoming Annual

General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

M S Harland - Director

11 September 2014

We have audited the financial statements of Funeral Planning Authority Limited for the year ended 31 March 2014

on pages six to ten. The financial reporting framework that has been applied in their preparation is applicable law

and the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally

Accepted Accounting Practice applicable to Smaller Entities).

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the

Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those

matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's

members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of directors and auditors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to

give reasonable assurance that the financial statements are free from material misstatement, whether caused by

fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's

circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant

accounting estimates made by the directors; and the overall presentation of the financial statements. In addition,

we read all the financial and non-financial information in the Report of the Directors to identify material

inconsistencies with the audited financial statements and to identify any information that is apparently materially

incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the

audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications

for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2014 and of its surplus for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Directors for the financial year for which the financial

statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report

to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Cheryl Rowsell FCA (Senior Statutory Auditor)

for and on behalf of Gibbons Mannington & Phipps

Statutory

Auditor

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

22 October 2014

TURNOVER

105,947

100,041

Administrative expenses

101,965

88,143

OPERATING SURPLUS

2

3,982

11,898

Interest receivable and similar income

1,350

2,012

SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION

5,332

13,910

Tax on surplus on ordinary activities

3

1,066

2,782

SURPLUS FOR THE FINANCIAL YEAR

4,266

11,128

CURRENT ASSETS

Debtors

5

592

11,814

Cash at bank

132,003

114,913

132,595

126,727

CREDITORS

Amounts falling due within one year

6

11,113

9,511

NET CURRENT ASSETS

121,482

117,216

TOTAL ASSETS LESS CURRENT LIABILITIES

121,482

117,216

RESERVES

Income and expenditure account

7

121,482

117,216

121,482

117,216

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 11 September 2014 and were signed on its behalf by:

A S MacDonald - Director

M S Harland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

100% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line

basis over the period of the lease.

Financial instruments

Financial assets such as cash and debtors are measured at the present value of the amounts receivable, less

an allowance for the expected level of doubtful receivables. Financial liabilities such as trade creditors and

finance leases are measured at the present value of the obligation.

2.	OPERATING SURPLUS

The operating surplus is stated after charging:

2014

2013

£

£

Auditors' remuneration

2,244

2,166

Directors' remuneration and other benefits etc

46,981

45,956

3.

TAXATION

Analysis of the tax charge

The tax charge on the surplus on ordinary activities for the year was as follows:

2014

2013

£

£

Current tax:

UK corporation tax

1,066

2,782

Tax on surplus on ordinary activities

1,066

2,782

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2013

and 31 March 2014

1,015

DEPRECIATION

At 1 April 2013

and 31 March 2014

1,015

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade debtors

-

10,008

Other debtors

592

1,806

592

11,814

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade creditors

-

3

Taxation and social security

5,761

7,053

Other creditors

5,352

2,455

11,113

9,511

7.

RESERVES

Income

and

expenditure

account

£

At 1 April 2013

117,216

Surplus for the year

4,266

At 31 March 2014

121,482

8.	COMPANY LIMITED BY GUARANTEE

The company is limited by Guarantee and is governed by its Memorandum and Articles of Association.