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REGISTERED NUMBER: 04293235 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Bath Granite & Marble Limited

Bath Granite & Marble Limited (Registered number: 04293235)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bath Granite & Marble Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: P R Hughes
A Book
S L Hitch





REGISTERED OFFICE: Unit F
Vallis Trading Estate
Robins Lane
Frome
BA11 3DT





REGISTERED NUMBER: 04293235 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

Bath Granite & Marble Limited (Registered number: 04293235)

Statement of Financial Position
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 151,699 199,737

CURRENT ASSETS
Inventories 6,200 6,200
Debtors 5 24,654 83,468
Cash at bank and in hand 647,615 499,696
678,469 589,364
CREDITORS
Amounts falling due within one year 6 256,297 321,858
NET CURRENT ASSETS 422,172 267,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,871

467,243

PROVISIONS FOR LIABILITIES 28,823 37,571
NET ASSETS 545,048 429,672

CAPITAL AND RESERVES
Called up share capital 9 76 75
Capital redemption reserve 25 25
Retained earnings 544,947 429,572
SHAREHOLDERS' FUNDS 545,048 429,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Bath Granite & Marble Limited (Registered number: 04293235)

Statement of Financial Position - continued
31 March 2022


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





P R Hughes - Director


Bath Granite & Marble Limited (Registered number: 04293235)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Bath Granite & Marble 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 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. 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.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 20% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Bath Granite & Marble Limited (Registered number: 04293235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Government grants and covid19 grants
The government made additional support available to businesses due to the arrival of Covid19 in March 2020. Support was available in the form of non-repayable grants and furlough payments in respect of employees. This income is taxable and appears in 'Other income' on the face of the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2021 806,057
Additions 45,675
Disposals (33,616 )
At 31 March 2022 818,116
DEPRECIATION
At 1 April 2021 606,320
Charge for year 93,713
Eliminated on disposal (33,616 )
At 31 March 2022 666,417
NET BOOK VALUE
At 31 March 2022 151,699
At 31 March 2021 199,737

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 24,654 83,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts (see note 7) 6,117 24,469
Trade creditors 169,341 197,858
Taxation and social security 76,118 95,433
Other creditors 4,721 4,098
256,297 321,858

Bath Granite & Marble Limited (Registered number: 04293235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.22 31.3.21
£    £   
Net obligations repayable:
Within one year 6,117 24,469

Non-cancellable operating leases
31.3.22 31.3.21
£    £   
Within one year 33,100 17,754
Between one and five years 132,400 165,500
In more than five years 37,062 35,858
202,562 219,112

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Hire purchase contracts 6,117 24,469

The hire purchase liabilities are secured upon the assets to which they relate included in fixed assets.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
76 Ordinary £1 76 75
(31.3.21 - 75 )

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £67,000 (2021 - £51,000) were paid to the directors .