John G. Hogg Funeral Directors Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06506434 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

JOHN G. HOGG FUNERAL DIRECTORS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J G Hogg

SECRETARY:

Ms C Ward

REGISTERED OFFICE:

10-11 Martin Terrace

Pallion

Sunderland

Tyne and Wear

SR4 6JD

REGISTERED NUMBER:

06506434 (England and Wales)

ACCOUNTANTS:

Robson Laidler Accountants Limited

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

NE2 1TJ

FIXED ASSETS

Intangible assets

2

300,000

325,000

Tangible assets

3

312,899

359,609

612,899

684,609

CURRENT ASSETS

Stocks

4,134

1,669

Debtors

148,634

92,677

Cash at bank and in hand

331,423

394,840

484,191

489,186

CREDITORS

Amounts falling due within one year

4

183,548

306,301

NET CURRENT ASSETS

300,643

182,885

TOTAL ASSETS LESS CURRENT
LIABILITIES

913,542

867,494

PROVISIONS FOR LIABILITIES

62,580

71,922

NET ASSETS

850,962

795,572

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

850,961

795,571

SHAREHOLDERS' FUNDS

850,962

795,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 June 2016 and were signed by:

J G Hogg - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents income from funeral services recognised when the funeral service is provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

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

sheet date. Deferred tax is measured on a non-discounted basis.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis on the grounds that current and future

sources of funding or support will be more than adequate for the company's needs. The director has considered a

period of twelve months from the date of approval of the financial statements and believe that no further

disclosures relating to the company's ability to continue as a going concern need to be made in the financial

statements.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

500,000

AMORTISATION

At 1 April 2015

175,000

Amortisation for year

25,000

At 31 March 2016

200,000

NET BOOK VALUE

At 31 March 2016

300,000

At 31 March 2015

325,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

416,155

Additions

40,935

At 31 March 2016

457,090

DEPRECIATION

At 1 April 2015

56,546

Charge for year

87,645

At 31 March 2016

144,191

NET BOOK VALUE

At 31 March 2016

312,899

At 31 March 2015

359,609

4.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 45,639 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1