Tomalin & Son Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08311616 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

TOMALIN & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B C Jones

Mrs C Jones

SECRETARY:

Mrs C Jones

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

08311616 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Intangible assets

4

1,338,750

1,423,750

Tangible assets

5

36,549

48,374

1,375,299

1,472,124

CURRENT ASSETS

Stocks

20,067

15,272

Debtors

6

95,342

123,014

Cash at bank and in hand

765,930

561,559

881,339

699,845

CREDITORS

Amounts falling due within one year

7

307,309

307,096

NET CURRENT ASSETS

574,030

392,749

TOTAL ASSETS LESS CURRENT LIABILITIES

1,949,329

1,864,873

CREDITORS

Amounts falling due after more than one year

8

(1,041,515

)

(1,159,922

)

PROVISIONS FOR LIABILITIES

(3,101

)

(1,800

)

NET ASSETS

904,713

703,151

CAPITAL AND RESERVES

Called up share capital

31,000

31,000

Retained earnings

873,713

672,151

SHAREHOLDERS' FUNDS

904,713

703,151

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 by the Board of Directors on 15 May 2018 and were signed on its behalf by:

B C Jones - Director

1.	STATUTORY INFORMATION

Tomalin & Son 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.

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.

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, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

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

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% 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.

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 and other post-retirement benefits

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

1,700,000

AMORTISATION

At 1 December 2016

276,250

Charge for year

85,000

At 30 November 2017

361,250

NET BOOK VALUE

At 30 November 2017

1,338,750

At 30 November 2016

1,423,750

Goodwill was capitalised on acquisition of the Funeral Directors business of Tomalin & Son. This is a highly

respected firm of professional Funeral Directors which has operated in Henley On Thames, since before 1879.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2016

and 30 November 2017

3,201

25,681

68,863

97,745

DEPRECIATION

At 1 December 2016

888

6,856

41,627

49,371

Charge for year

347

4,669

6,809

11,825

At 30 November 2017

1,235

11,525

48,436

61,196

NET BOOK VALUE

At 30 November 2017

1,966

14,156

20,427

36,549

At 30 November 2016

2,313

18,825

27,236

48,374

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

82,154

107,632

Other debtors

13,188

15,382

95,342

123,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

35,307

34,095

Taxation and social security

72,294

68,245

Other creditors

199,708

204,756

307,309

307,096

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Other creditors

1,041,515

1,159,922

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Tomalin Partners DRJ Dec'd

472,244

511,061

Tomalin Partners BCJ

569,271

648,861

1,041,515

1,159,922

9.	CONTINGENT LIABILITIES

There were no contingent liabilities at 30th November 2017 or at 30th November 2016.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the Board of Directors.