Finch's Stone and Marble Limited |
Registered Number:05373108 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
Finch's Stone and Marble Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Finch's Stone and Marble Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
545,218
419,560
2
545,218
419,560
28,000
25,000
3
Trade and other receivables |
105,433
103,634
4
286,105
Cash and cash equivalents |
298,315
426,949
419,538
Trade and other payables: amounts falling due within one year |
(232,212)
(261,711)
5
187,326
165,238
Net current assets
Total assets less current liabilities |
710,456
606,886
Trade and other payables: amounts falling due after more than |
one year |
(23,525)
-
6
(56,680)
(32,079)
Provisions for liabilities |
653,776
Net assets
551,282
100
100
653,676
551,182
653,776
551,282
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 28 February 2023
Finch's Stone and Marble Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 23 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 28 February 2023
Finch's Stone and Marble Limited
Notes to the Financial Statements
Statutory Information
Finch's Stone and Marble Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 05373108. |
Finch's Stone and Marble,
Skull House Lane, Appley Bridge
Wigan
Lancashire
WN6 9DN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Intangible asssets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amoritsation and any accumulated impairment losses. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 28 February 2023
Finch's Stone and Marble Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
758,077
3,666
23,137
169,175
375,010
187,089
160,849
749
100
-
160,000
-
187,089
169,175
23,237
4,415
918,926
535,010
Provision for depreciation and impairment |
338,517
1,930
20,987
100,890
214,710
-
Charge for year
35,191
738
552
17,071
16,830
-
373,708
2,668
21,539
117,961
231,540
-
187,089
303,470
51,214
1,698
1,747
545,218
187,089
160,300
68,285
2,150
1,736
419,560
2022
2023
25,000
28,000
4. Trade and other receivables |
2022
2023
64,263
72,353
39,371
33,080
105,433
103,634
5. Trade and other payables: amounts falling due within one year |
2022
2023
45,193
107,927
Taxation and social security |
40,814
101,700
175,704
22,585
261,711
232,212
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For the year ended 28 February 2023
Finch's Stone and Marble Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
-
23,525
7. Average number of persons employed |
During the year the average number of employees was 9 (2022 : 10)
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