|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 October 2018 |
|
for |
|
Maurice Sharp Funeral Directors Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 October 2018 |
|
for |
|
Maurice Sharp Funeral Directors Limited |
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Contents of the Financial Statements |
for the Year Ended 31 October 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Report of the Accountants | 9 |
Maurice Sharp Funeral Directors Limited |
|
Company Information |
for the Year Ended 31 October 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
19 Railway Street |
Pocklington |
York |
East Yorkshire |
YO42 2QR |
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Balance Sheet |
31 October 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges her 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. |
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Balance Sheet - continued |
31 October 2018 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Notes to the Financial Statements |
for the Year Ended 31 October 2018 |
|
|
1. | STATUTORY INFORMATION |
|
Maurice Sharp Funeral Directors Limited is a
|
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 |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Goodwill |
Goodwill arose on the acquisition of Maurice Sharp Funeral Directors on 1 November 2003. The directors |
consider there has been no impairment in this value. |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Freehold property | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
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. |
|
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2018 |
|
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 November 2017 |
and 31 October 2018 |
|
NET BOOK VALUE |
At 31 October 2018 |
|
At 31 October 2017 |
|
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2018 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Long | and |
property | leasehold | fittings |
£ | £ | £ |
COST |
At 1 November 2017 |
|
|
|
Additions |
|
|
|
At 31 October 2018 |
|
|
|
DEPRECIATION |
At 1 November 2017 |
|
|
|
Charge for year |
|
|
|
At 31 October 2018 |
|
|
|
NET BOOK VALUE |
At 31 October 2018 |
|
|
|
At 31 October 2017 |
|
|
|
|
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 November 2017 |
|
|
|
Additions |
|
|
|
At 31 October 2018 |
|
|
|
DEPRECIATION |
At 1 November 2017 |
|
|
|
Charge for year |
|
|
|
At 31 October 2018 |
|
|
|
NET BOOK VALUE |
At 31 October 2018 |
|
|
|
At 31 October 2017 |
|
|
|
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2018 |
|
|
5. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 November 2017 |
and 31 October 2018 |
|
DEPRECIATION |
At 1 November 2017 |
|
Charge for year |
|
At 31 October 2018 |
|
NET BOOK VALUE |
At 31 October 2018 |
|
At 31 October 2017 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
|
|
Hire purchase contracts |
|
|
|
|
Maurice Sharp Funeral Directors Limited (Registered number: 04866867) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2018 |
|
|
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2018 | 2017 |
£ | £ |
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 174,765 | - |
|
9. | RELATED PARTY DISCLOSURES |
|
The company was under the control of Mrs G Huffington, the director, by virtue of her shareholding throughout |
this and the previous year. |
Maurice Sharp Funeral Directors Limited |
|
Report of the Accountants to the Director of |
Maurice Sharp Funeral Directors Limited |
|
|
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
|
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2018 set out on pages one to eight and you consider that the company is exempt from an audit. |
|
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
|
|
|
|
|
|
|
19 Railway Street |
Pocklington |
York |
East Yorkshire |
YO42 2QR |
|
|
|