REGISTERED NUMBER:
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FUNERAL PLANNING AUTHORITY LIMITED |
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REPORT OF THE DIRECTORS AND |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2016 |
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REGISTERED NUMBER:
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FUNERAL PLANNING AUTHORITY LIMITED |
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REPORT OF THE DIRECTORS AND |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2016 |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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Company Information | 1 |
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Report of the Directors | 2 | to | 3 |
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Report of the Independent Auditors | 4 | to | 5 |
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Income and Expenditure Account | 6 |
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Balance Sheet | 7 |
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Notes to the Financial Statements | 8 | to | 10 |
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FUNERAL PLANNING AUTHORITY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY
AUDITOR: |
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AUDITORS: |
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Statutory | Auditor |
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BANKERS: |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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The directors present their report with the financial statements of the company for the year ended 31st March 2016. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st April 2015 to the date |
of this report. |
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Other changes in directors holding office are as follows: |
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STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in |
accordance with applicable law and regulations. |
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Company law requires the directors to prepare financial statements for each financial year. Under that |
law the directors have elected to prepare the financial statements in accordance with United Kingdom |
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). |
Under company law the directors must not approve the financial statements unless they are satisfied that |
they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the |
company for that period. In preparing these financial statements, the directors are required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company will continue in business. |
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The directors are responsible for keeping adequate accounting records that are sufficient to show and |
explain the company's transactions and disclose with reasonable accuracy at any time the financial |
position of the company and enable them to ensure that the financial statements comply with the |
Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for |
taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the |
Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the |
steps that he or she ought to have taken as a director in order to make himself or herself aware of any |
relevant audit information and to establish that the company's auditors are aware of that information. |
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AUDITORS |
On 1 April 2015, Gibbons Mannington & Phipps transferred their business to Gibbons Mannington & |
Phipps LLP, a limited liability partnership incorporated under the Limited Liability Partnership Act 2000. |
The Board of Directors consented to treating the appointment of Gibbons Mannington & Phipps as |
extending to Gibbons Mannington & Phipps LLP. |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 |
relating to small companies. |
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ON BEHALF OF THE BOARD: |
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
FUNERAL PLANNING AUTHORITY LIMITED |
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We have audited the financial statements of Funeral Planning Authority Limited for the year ended |
31st March 2016 on pages six to ten. The financial reporting framework that has been applied in their |
preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective January |
2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities). |
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This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 |
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's |
members those matters we are required to state to them in a Report of the Auditors and for no other |
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone |
other than the company and the company's members as a body, for our audit work, for this report, or for |
the opinions we have formed. |
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Respective responsibilities of directors and auditors |
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors. |
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Scope of the audit of the financial statements |
An audit involves obtaining evidence about the amounts and disclosures in the financial statements |
sufficient to give reasonable assurance that the financial statements are free from material misstatement, |
whether caused by fraud or error. This includes an assessment of: whether the accounting policies are |
appropriate to the company's circumstances and have been consistently applied and adequately |
disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall |
presentation of the financial statements. In addition, we read all the financial and non-financial |
information in the Report of the Directors to identify material inconsistencies with the audited financial |
statements and to identify any information that is apparently materially incorrect based on, or materially |
inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become |
aware of any apparent material misstatements or inconsistencies we consider the implications for our |
report. |
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Opinion on financial statements |
In our opinion the financial statements: |
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give a true and fair view of the state of the company's affairs as at 31st March 2016 and of its surplus
for the year then ended; |
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice applicable to Smaller Entities; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
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Opinion on other matter prescribed by the Companies Act 2006 |
In our opinion the information given in the Report of the Directors for the financial year for which the |
financial statements are prepared is consistent with the financial statements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
FUNERAL PLANNING AUTHORITY LIMITED |
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Matters on which we are required to report by exception |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us |
to report to you if, in our opinion: |
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adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
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the directors were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
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for and on behalf of
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Statutory | Auditor |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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INCOME AND EXPENDITURE ACCOUNT |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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2016 | 2015 |
Notes | £ | £ |
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TURNOVER |
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Administrative expenses |
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OPERATING SURPLUS/(DEFICIT) | 2 |
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Interest receivable and similar income |
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SURPLUS/(DEFICIT) ON ORDINARY
ACTIVITIES BEFORE TAXATION |
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Tax on surplus/(deficit) on ordinary
activities |
3 |
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SURPLUS/(DEFICIT) FOR THE
FINANCIAL YEAR |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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BALANCE SHEET |
31ST MARCH 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Income and expenditure account | 8 |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Computer equipment | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the income and expenditure account on a |
straight line basis over the period of the lease. |
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Financial instruments |
Financial assets such as cash and debtors are measured at the present value of the amounts |
receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities such |
as trade creditors and finance leases are measured at the present value of the obligation. |
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2. | OPERATING SURPLUS/(DEFICIT) |
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The operating surplus (2015 - operating deficit) is stated after charging: |
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2016 | 2015 |
£ | £ |
Depreciation - owned assets |
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Auditors' remuneration |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge/(credit) |
The tax charge/(credit) on the surplus on ordinary activities for the year was as follows: |
2016 | 2015 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on surplus/(deficit) on ordinary activities |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
At 1st April 2015 |
and 31st March 2016 |
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DEPRECIATION |
At 1st April 2015 |
and 31st March 2016 |
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NET BOOK VALUE |
At 31st March 2016 |
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At 31st March 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors | 2,100 | 1,987 |
Other debtors | 1,288 | 2,660 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | OPERATING LEASE COMMITMENTS |
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The following operating lease payments are committed to be paid within one year: |
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2016 | 2015 |
£ | £ |
Expiring: |
Within one year |
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8. | RESERVES |
Income |
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expenditure |
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At 1st April 2015 |
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Surplus for the year |
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At 31st March 2016 |
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FUNERAL PLANNING AUTHORITY LIMITED (REGISTERED NUMBER: 04314827) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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9. | RELATED PARTY DISCLOSURES |
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Directors |
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Some of the directors of the company are also directors of the companies that are Registered |
Providers of the funeral plan products from which the company derives its income. All transactions |
are carried out at arms length and at normal commercial rates. |
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10. | COMPANY LIMITED BY GUARANTEE |
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The company is limited by Guarantee and is governed by its Memorandum and Articles of |
Association. |