REGISTERED NUMBER: 01579794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

A. & M. HADFIELD (FUNERAL DIRECTORS)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M Hadfield

Mrs M Hadfield

Miss B Hadfield

SECRETARY:

Mrs M Hadfield

REGISTERED OFFICE:

247 Burton Road

Monk Bretton

Barnsley

South Yorkshire

S71 2QE

REGISTERED NUMBER:

01579794 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Barclays Bank Plc

10 - 18 Queen Street

Barnsley

South Yorkshire

S70 2AJ

FIXED ASSETS

Tangible assets

4

671,654

502,811

CURRENT ASSETS

Stocks

5

10,685

10,125

Debtors

6

93,551

140,598

Cash at bank

291,395

284,028

395,631

434,751

CREDITORS

Amounts falling due within one year

7

119,337

82,667

NET CURRENT ASSETS

276,294

352,084

TOTAL ASSETS LESS CURRENT LIABILITIES

947,948

854,895

PROVISIONS FOR LIABILITIES

15,984

21,448

NET ASSETS

931,964

833,447

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

931,864

833,347

SHAREHOLDERS' FUNDS

931,964

833,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 and authorised for issue by the Board of Directors on 26 June 2018 and were signed on its behalf by:

Miss B Hadfield - Director

1.	STATUTORY INFORMATION

A. & M. Hadfield (Funeral Directors) 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.

The financial statements are presented in sterling which is the functional currency of the company

and rounded to the nearest pound.

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.

This is the first year that the company has presented its financial statements under Financial

Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial

statements for the year ended 30 September 2016 were prepared under previous UK GAAP, and the

transition date to FRS 102 is therefore 1 October 2015. At the date of transition, no adjustments

were required.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have

had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty

at the reporting date that have a significant risk of causing material adjustment to the carrying

amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and

trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from funeral directing is

recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the

expenses recognised that are recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation

and accumulated impairment losses. Cost includes costs directly attributable to making the asset

capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less

estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings

- 2% reducing balance

Motor vehicles

- 25%, 15% & 10% reducing balance

Plant and equipment

- 20% reducing balance & 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and

handling costs in bringing stocks to their present location and condition.

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.

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.

Pension costs

The company makes employer contributions into employee private pension schemes. The annual

contributions payable are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

274,544

113,233

517,634

905,411

Additions

229,424

459

-

229,883

At 30 September 2017

503,968

113,692

517,634

1,135,294

DEPRECIATION

At 1 October 2016

98,965

86,239

217,396

402,600

Charge for year

5,803

5,393

49,844

61,040

At 30 September 2017

104,768

91,632

267,240

463,640

NET BOOK VALUE

At 30 September 2017

399,200

22,060

250,394

671,654

At 30 September 2016

175,579

26,994

300,238

502,811

5.

STOCKS

30.9.17

30.9.16

£

£

Stocks

10,685

10,125

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

83,110

107,656

Other debtors

700

700

Directors' current accounts

2,236

2,597

Prepayments and accrued income

7,505

29,645

93,551

140,598

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

28,169

6,187

Corporation tax

49,134

32,895

PAYE and NIC

3,780

3,642

Other creditors

165

-

Directors' current accounts

9,674

14,648

Accruals and deferred income

28,415

25,295

119,337

82,667

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 October 2016

833,347

Profit for the year

178,517

Dividends

(80,000

)

At 30 September 2017

931,864

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 September 2017 and 30 September 2016:

30.9.17

30.9.16

£

£

Mr A M Hadfield

Balance outstanding at start of year

2,597

-

Amounts advanced

39,639

50,236

Amounts repaid

(40,000

)

(47,639

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,236

2,597