Caseware UK (AP4) 2018.0.111 2018.0.111 2018-04-302018-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseThe principal activity of the company continues to be the sale of fireplacesfalse2017-05-01 1485178 2017-05-01 2018-04-30 1485178 2016-05-01 2017-04-30 1485178 2018-04-30 1485178 2017-04-30 1485178 c:Director1 2017-05-01 2018-04-30 1485178 d:Buildings d:LongLeaseholdAssets 2017-05-01 2018-04-30 1485178 d:Buildings d:LongLeaseholdAssets 2018-04-30 1485178 d:Buildings d:LongLeaseholdAssets 2017-04-30 1485178 d:PlantMachinery 2017-05-01 2018-04-30 1485178 d:PlantMachinery 2018-04-30 1485178 d:PlantMachinery 2017-04-30 1485178 d:PlantMachinery d:OwnedOrFreeholdAssets 2017-05-01 2018-04-30 1485178 d:MotorVehicles 2017-05-01 2018-04-30 1485178 d:MotorVehicles 2018-04-30 1485178 d:MotorVehicles 2017-04-30 1485178 d:MotorVehicles d:OwnedOrFreeholdAssets 2017-05-01 2018-04-30 1485178 d:FurnitureFittings 2017-05-01 2018-04-30 1485178 d:FurnitureFittings 2018-04-30 1485178 d:FurnitureFittings 2017-04-30 1485178 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-05-01 2018-04-30 1485178 d:OwnedOrFreeholdAssets 2017-05-01 2018-04-30 1485178 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2018-04-30 1485178 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2017-04-30 1485178 d:CurrentFinancialInstruments 2018-04-30 1485178 d:CurrentFinancialInstruments 2017-04-30 1485178 d:CurrentFinancialInstruments d:WithinOneYear 2018-04-30 1485178 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 1485178 d:ShareCapital 2018-04-30 1485178 d:ShareCapital 2017-04-30 1485178 d:RetainedEarningsAccumulatedLosses 2018-04-30 1485178 d:RetainedEarningsAccumulatedLosses 2017-04-30 1485178 c:FRS102 2017-05-01 2018-04-30 1485178 c:AuditExempt-NoAccountantsReport 2017-05-01 2018-04-30 1485178 c:FullAccounts 2017-05-01 2018-04-30 1485178 c:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30 iso4217:GBP xbrli:pure

Registered number: 1485178









MARBLE HILL FIREPLACES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2018

 
MARBLE HILL FIREPLACES LIMITED
REGISTERED NUMBER: 1485178

BALANCE SHEET
AS AT 30 APRIL 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 4 
106,002
94,859

Investments
 5 
6,907
8,789

  
112,909
103,648

Current assets
  

Stocks
  
291,539
278,759

Debtors: amounts falling due within one year
 6 
332,041
283,358

Cash at bank and in hand
  
1,053,618
1,230,034

  
1,677,198
1,792,151

Creditors: amounts falling due within one year
 7 
(484,500)
(567,158)

Net current assets
  
 
 
1,192,698
 
 
1,224,993

Total assets less current liabilities
  
1,305,607
1,328,641

  

Net assets
  
1,305,607
1,328,641

Page 1

 
MARBLE HILL FIREPLACES LIMITED
REGISTERED NUMBER: 1485178
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2018

2018
2017
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,305,507
1,328,541

  
1,305,607
1,328,641


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2018.




D L Newson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MARBLE HILL FIREPLACES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

1.


General information

Marble Hill Fireplaces Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act.
The Company is a private Company limited by shares and is registered in England and Wales. The address of the Company's registered office is 72 Richmond Road, Twickenham, Middlesex, TW1 3BE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
MARBLE HILL FIREPLACES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20% on cost
Plant and machinery
-
15% on cost
Motor vehicles
-
20% on cost
Fixtures and fittings
-
15% on costs(33.33% on cost for computer equipment)

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Page 4

 
MARBLE HILL FIREPLACES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 the Statement of income and retained earnings.

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 best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2017 - 21).

Page 5

 
MARBLE HILL FIREPLACES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 May 2017
102,397
80,424
159,145
161,041
503,007


Additions
-
-
47,030
9,685
56,715


Disposals
-
-
(47,980)
-
(47,980)



At 30 April 2018

102,397
80,424
158,195
170,726
511,742



Depreciation


At 1 May 2017
102,397
71,382
113,580
120,789
408,148


Charge for the year on owned assets
-
2,576
24,608
15,341
42,525


Disposals
-
-
(44,932)
-
(44,932)



At 30 April 2018

102,397
73,958
93,256
136,130
405,741



Net book value



At 30 April 2018
-
6,466
64,939
34,596
106,001



At 30 April 2017
-
9,042
45,565
40,252
94,859

Page 6

 
MARBLE HILL FIREPLACES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 May 2017
8,789


Revaluations
(1,882)



At 30 April 2018

6,907






Net book value



At 30 April 2018
6,907



At 30 April 2017
8,789


6.


Debtors

2018
2017
£
£


Trade debtors
241,694
230,255

Other debtors
59,188
6,927

Prepayments and accrued income
31,159
46,176

332,041
283,358



7.


Creditors: Amounts falling due within one year

2018
2017
£
£

Trade creditors
162,886
149,813

Corporation tax
-
18,024

Other taxation and social security
49,671
79,586

Other creditors
232,246
235,098

Accruals and deferred income
39,697
84,637

484,500
567,158


Page 7

 
MARBLE HILL FIREPLACES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

8.


Guarantees and other financial commitments

The total amount of commitments, guarantees and contingencies at 30 April 2018 was £188,500 (30 April 2017: £265,750).

 
Page 8