REGISTERED NUMBER: 01579794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

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

635,543

671,654

CURRENT ASSETS

Stocks

5

10,738

10,685

Debtors

6

184,029

93,551

Cash at bank

482,774

291,395

677,541

395,631

CREDITORS

Amounts falling due within one year

7

112,342

119,337

NET CURRENT ASSETS

565,199

276,294

TOTAL ASSETS LESS CURRENT LIABILITIES

1,200,742

947,948

PROVISIONS FOR LIABILITIES

12,717

15,984

NET ASSETS

1,188,025

931,964

CAPITAL AND RESERVES

Called up share capital

8

150

100

Retained earnings

9

1,187,875

931,864

SHAREHOLDERS' FUNDS

1,188,025

931,964

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue by the Board of Directors on 15 April 2019 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 12 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2017

503,968

113,692

517,634

1,135,294

Additions

-

-

42,190

42,190

Disposals

-

-

(31,955

)

(31,955

)

At 30 September 2018

503,968

113,692

527,869

1,145,529

DEPRECIATION

At 1 October 2017

104,768

91,632

267,240

463,640

Charge for year

7,983

4,402

42,621

55,006

Eliminated on disposal

-

-

(8,660

)

(8,660

)

At 30 September 2018

112,751

96,034

301,201

509,986

NET BOOK VALUE

At 30 September 2018

391,217

17,658

226,668

635,543

At 30 September 2017

399,200

22,060

250,394

671,654

5.

STOCKS

30.9.18

30.9.17

£

£

Stocks

10,738

10,685

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

166,970

83,110

Other debtors

-

700

Directors' current accounts

9,427

2,236

Prepayments and accrued income

7,632

7,505

184,029

93,551

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade creditors

-

28,169

Corporation tax

86,772

49,134

PAYE and NIC

-

3,780

Other creditors

585

165

Directors' current accounts

1,232

9,674

Accruals and deferred income

23,753

28,415

112,342

119,337

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.18

30.9.17

value:

£

£

NIL

Ordinary

£1

-

100

(30.9.17 - 100 )

50

A Ordinary

£1

50

-

50

B Ordinary

£1

50

-

50

C Ordinary

£1

50

-

150

100

The following shares were issued during the year for cash at par :

50 Ordinary shares of £1

9.

RESERVES

Retained

earnings

£

At 1 October 2017

931,864

Profit for the year

348,011

Dividends

(92,000

)

At 30 September 2018

1,187,875

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

30 September 2018 and 30 September 2017:

30.9.18

30.9.17

£

£

Mr A M Hadfield

Balance outstanding at start of year

2,236

2,597

Amounts advanced

46,760

39,639

Amounts repaid

(45,000

)

(40,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,996

2,236

Mrs M Hadfield

Balance outstanding at start of year

-

-

Amounts advanced

50,430

-

Amounts repaid

(45,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,430

-