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
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
Marble 4 Life ltd
Statement of financial position
as at 31 January 2023
Intangible assets
36,633
28,000
Tangible assets
929,345
1,030,470
Inventories
286,943
277,681
Cash at bank and in hand
737,623
1,461,283
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
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
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
The accounts are presented in £ sterling.
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 (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 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.
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.
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2023
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.
Grants for a machine is spread over as per our depreciation policy.
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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2022
50,000
35,000
85,000
At 31 January 2023
50,000
45,791
95,791
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
At 31 January 2023
-
36,633
36,633
At 31 January 2022
-
28,000
28,000
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
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
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
Amounts falling due within one year
Accrued income and prepayments
300,000
300,000
Other debtors
46,258
57,193
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
80,391
49,608
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
Deferred income
128,996
305,455
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
500,000
500,000
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2023
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
11
Average number of employees
During the year the average number of employees was 50 (2022: 51).