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Company Registration No. 05005186 (England and Wales)
Marble 4 Life ltd Unaudited accounts for the year ended 31 January 2023
Marble 4 Life ltd Unaudited accounts Contents
Page
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Marble 4 Life ltd Company Information for the year ended 31 January 2023
Directors
Mr A Hussain MR N M HUSSAIN
Company Number
05005186 (England and Wales)
Registered Office
56-58 Station Road Leeds W Yorkshire LS15 7JY
Accountants
Arif Khan Accountants Limited 25 Whetley Lane Bradford W Yorkshire BD8 9EH
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Marble 4 Life ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
36,633 
28,000 
Tangible assets
929,345 
1,030,470 
965,978 
1,058,470 
Current assets
Inventories
286,943 
277,681 
Debtors
346,258 
357,193 
Cash at bank and in hand
737,623 
1,461,283 
1,370,824 
2,096,157 
Creditors: amounts falling due within one year
(786,440)
(1,112,742)
Net current assets
584,384 
983,415 
Total assets less current liabilities
1,550,362 
2,041,885 
Creditors: amounts falling due after more than one year
(576,444)
(1,100,000)
Provisions for liabilities
Deferred tax
(130,409)
(163,785)
Net assets
843,509 
778,100 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
843,508 
778,099 
Shareholders' funds
843,509 
778,100 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
Mr A Hussain Director Company Registration No. 05005186
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Marble 4 Life ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Marble 4 Life ltd is a private company, limited by shares, registered in England and Wales, registration number 05005186. The registered office is 56-58 Station Road, Leeds, W Yorkshire, LS15 7JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Lease hold improvements depreciated over 10 years.
Land & buildings
Over 100 years
Plant & machinery
20% Reducing balance basis
Motor vehicles
20% Reducing balance basis
Fixtures & fittings
20% Reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Written of over 5 years. Also leasehold written off over 10 years period. Fixed and floating charges over the undertaking and all by M4L holdings ltd
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Marble 4 Life ltd Notes to the Accounts for the year ended 31 January 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Grants for a machine is spread over as per our depreciation policy.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 February 2022
50,000 
35,000 
85,000 
Additions
- 
10,791 
10,791 
At 31 January 2023
50,000 
45,791 
95,791 
Amortisation
At 1 February 2022
50,000 
7,000 
57,000 
Charge for the year
- 
2,158 
2,158 
At 31 January 2023
50,000 
9,158 
59,158 
Net book value
At 31 January 2023
- 
36,633 
36,633 
At 31 January 2022
- 
28,000 
28,000 
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Marble 4 Life ltd Notes to the Accounts for the year ended 31 January 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
225,681 
1,436,062 
509,972 
269,591 
2,441,306 
Additions
- 
47,580 
36,325 
15,696 
99,601 
At 31 January 2023
225,681 
1,483,642 
546,297 
285,287 
2,540,907 
Depreciation
At 1 February 2022
137,439 
876,374 
304,789 
92,234 
1,410,836 
Charge for the year
1,232 
118,588 
47,672 
33,234 
200,726 
At 31 January 2023
138,671 
994,962 
352,461 
125,468 
1,611,562 
Net book value
At 31 January 2023
87,010 
488,680 
193,836 
159,819 
929,345 
At 31 January 2022
88,242 
559,688 
205,183 
177,357 
1,030,470 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
300,000 
300,000 
Other debtors
46,258 
57,193 
346,258 
357,193 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
80,391 
49,608 
VAT
103,203 
142,733 
Trade creditors
196,516 
144,094 
Taxes and social security
64,113 
106,433 
Proposed dividends
200,000 
200,000 
Other creditors
9,471 
160,919 
Accruals
3,750 
3,500 
Deferred income
128,996 
305,455 
786,440 
1,112,742 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
600,000 
Amounts owed to group undertakings and other participating interests
500,000 
500,000 
Deferred income
76,444 
- 
576,444 
1,100,000 
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Marble 4 Life ltd Notes to the Accounts for the year ended 31 January 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
60 Ordinary shares of £0.01 each
0.60 
0.60 
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 January 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
11,807 
14,380 
Later than one year and not later than five years
15,189 
15,039 
26,996 
29,419 
11
Average number of employees
During the year the average number of employees was 50 (2022: 51).
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