Seasons Personal Funeral Plans Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06680021 (England and Wales)

Unaudited Financial Statements

for the Period 1st September 2017 to 30th April 2018

for

SEASONS PERSONAL FUNERAL PLANS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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 Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

CURRENT ASSETS

Debtors

4

3,360

1,320

Cash at bank

5,485

6,431

8,845

7,751

CREDITORS

Amounts falling due within one year

5

930

22,882

NET CURRENT ASSETS/(LIABILITIES)

7,915

(15,131

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,915

(15,131

)

CREDITORS

Amounts falling due after more than one year

6

22,282

-

NET LIABILITIES

(14,367

)

(15,131

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(14,369

)

(15,133

)

SHAREHOLDERS' FUNDS

(14,367

)

(15,131

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28th September 2018 and were signed on its behalf by:

Mr M A Livesey - Director

1.	STATUTORY INFORMATION

Seasons Personal Funeral Plans Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Revenue recognition

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

Going concern

The company has net current liabilities of £14,367 (2017: £15,131). 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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank

overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12

‘Other Financial Instruments’ of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the

contractual provisions of the instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2017 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

31.8.17

£

£

Amounts due from the Trust

3,360

1,320

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

31.8.17

£

£

Other creditors

-

22,282

Accruals and deferred income

930

600

930

22,882

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

31.8.17

£

£

Other creditors

22,282

-

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.18

31.8.17

value:

£

£

2

Share capital 1

1

2

2

8.	RELATED PARTY DISCLOSURES

Seasons Personal Funeral Plans Trust

During the year, the Company entered into transactions with the Trust. The nature of the relationship with the

Trust is set out in the accounting policies. Amounts may only be paid out of the Trust in accordance with the

Trust's Deed.

30.4.18

31.8.17

£

£

Amount due from related party at the balance sheet date

3,360

1,320

B Livesey Limited

A company controlled by the directors.

During the year the company has received no funds from B Livesey Limited (2017: £8,075).

30.4.18

31.8.17

£

£

Amount due to related party at the balance sheet date

22,282

22,282

9.	ULTIMATE CONTROLLING PARTY

Mr C Livesey and Mr M Livesey have control of the company by virtue of owning 100% of the share capital.