Seasons Personal Funeral Plans Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06680021 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

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

1,200

120

Cash at bank

3,737

2

4,937

122

CREDITORS

Amounts falling due within one year

14,808

14,667

NET CURRENT LIABILITIES

(9,871

)

(14,545

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,871

)

(14,545

)

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

(9,873

)

(14,547

)

SHAREHOLDERS' FUNDS

(9,871

)

(14,545

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 13 December 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 ongoing

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.

Turnover

Turnover represents the value of marketing and administration services provided to the Trust during the year,

excluding value added tax.

Going concern

The company has net current liabilities of £9,871 (2015: £14,545). The ability of the company to continue as a

going concern is dependant upon the continued support from the directors, Mr M Livesey and Mr C Livesey.

2.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

2

Share capital 1

1

2