Kirkleatham Memorial Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08300790 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

KIRKLEATHAM MEMORIAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A Hackney

Mr H O P Hodgson

SECRETARY:

EMW Secretaries Limited

REGISTERED OFFICE:

Seebeck House 1 Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

REGISTERED NUMBER:

08300790 (England and Wales)

SENIOR STATUTORY AUDITOR:

Daniel Faust FCCA

AUDITORS:

FLB Accountants LLP, Statutory Auditor

150 Wharfedale Road

Winnersh Triangle

Berkshire

RG41 5RB

FIXED ASSETS

Property, plant and equipment

5

2,512,151

2,607,979

CURRENT ASSETS

Inventories

18,176

759

Debtors

6

49,492

89,266

Cash at bank and in hand

354,019

190,724

421,687

280,749

CREDITORS

Amounts falling due within one year

7

(108,640

)

(88,272

)

NET CURRENT ASSETS

313,047

192,477

TOTAL ASSETS LESS CURRENT LIABILITIES

2,825,198

2,800,456

PROVISIONS FOR LIABILITIES

(45,032

)

(54,919

)

NET ASSETS

2,780,166

2,745,537

CAPITAL AND RESERVES

Called up share capital

1,746,763

1,746,763

Share premium

25,054

25,054

Retained earnings

1,008,349

973,720

SHAREHOLDERS' FUNDS

2,780,166

2,745,537

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 31 July 2019 and were signed on its behalf by:

Mr M A Hackney - Director

1.	STATUTORY INFORMATION

Kirkleatham Memorial 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Freehold property

2.87% on cost

Sound system

20% on cost

Fixtures and fittings

10% on cost

Office equipment

33% on cost

Cremator

6.67% on cost

Roads

2% on cost

Capitalised costs relating to the acquisition of land are considered to have an unlimited useful

economic life and therefore are not depreciated.

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Financial statements

The company only enters into basic financial instruments transactions that result in the recognition of

financial assets and liabilities like trade and other accounts receivable and payable, loans from banks

and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments like loans and other accounts receivable and payable are initially measured at

present value of the future payments and subsequently at amortised cost using the effective interest

method. Debt instruments that are payable or receivable within one year, typically trade payables or

receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other

consideration expected to be paid or received. However if the arrangements of a short-term instrument

constitute a financial transaction, like the payment of a trade debt deferred beyond normal business

terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan

not at market rate, the financial asset or liability is measured, initially and subsequently, at the present

value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets, that are measured at cost and amortised cost, are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is found, an

impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference

between an asset's carrying amount and the present value of estimated cash flows discounted at the

asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate

for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the

difference between an asset's carrying amount and the best estimate, which is an approximation, of

the amount that the company would receive for the asset if it were to be sold at the reporting date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 6 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2018

2,043,803

996,326

3,040,129

Additions

2,681

11,274

13,955

At 31 December 2018

2,046,484

1,007,600

3,054,084

DEPRECIATION

At 1 January 2018

198,235

233,915

432,150

Charge for year

47,863

61,920

109,783

At 31 December 2018

246,098

295,835

541,933

NET BOOK VALUE

At 31 December 2018

1,800,386

711,765

2,512,151

At 31 December 2017

1,845,568

762,411

2,607,979

Included in cost of land and buildings is freehold land of £ 397,140 (2017 - £ 397,140 ) which is not

depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

40,562

42,249

Other debtors

8,930

47,017

49,492

89,266

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

11,903

19,256

Taxation and social security

77,666

58,243

Other creditors

19,071

10,773

108,640

88,272

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified and signed by Daniel Faust (Senior Statutory Auditor) for

and on behalf of FLB Accountants LLP, Statutory Auditor.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be the directors of Memoria Limited by virtue of its

majority shareholding.