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REGISTERED NUMBER: 04769728 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Ratna Marble & Granites Limited

Ratna Marble & Granites Limited (Registered number: 04769728)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ratna Marble & Granites Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr Subramanyam Gali
Mrs Ratna Koteswari Gali



SECRETARY: Mr Subramanyam Gali



REGISTERED OFFICE: Office 2, 15 Main Drive
East Lane Business Park
East Lane, Wembley
London
Middlesex
HA9 7NA



REGISTERED NUMBER: 04769728 (England and Wales)



ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ



BANKERS: HSBC Bank
Angel Islington
25 Islington High Street
London
N1 9LJ

Ratna Marble & Granites Limited (Registered number: 04769728)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,990 190,677

CURRENT ASSETS
Stocks 5 113,000 30,000
Debtors 6 856,192 680,351
969,192 710,351
CREDITORS
Amounts falling due within one year 7 990,557 708,893
NET CURRENT (LIABILITIES)/ASSETS (21,365 ) 1,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,625

192,135

CREDITORS
Amounts falling due after more than one year 8 (118,039 ) (148,039 )

PROVISIONS FOR LIABILITIES (43,018 ) (35,787 )
NET ASSETS 34,568 8,309

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 33,568 7,309
SHAREHOLDERS' FUNDS 34,568 8,309

Ratna Marble & Granites Limited (Registered number: 04769728)

Balance Sheet - continued
31 May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




Mr Subramanyam Gali - Director



Mrs Ratna Koteswari Gali - Director


Ratna Marble & Granites Limited (Registered number: 04769728)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Ratna Marble & Granites 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
Turnover 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
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

Ratna Marble & Granites Limited (Registered number: 04769728)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 281,618 65,888 172,771 4,002 524,279
Additions 38,060 - 26,593 - 64,653
At 31 May 2023 319,678 65,888 199,364 4,002 588,932
DEPRECIATION
At 1 June 2022 189,250 24,889 115,584 3,879 333,602
Charge for year 19,565 6,150 12,585 40 38,340
At 31 May 2023 208,815 31,039 128,169 3,919 371,942
NET BOOK VALUE
At 31 May 2023 110,863 34,849 71,195 83 216,990
At 31 May 2022 92,368 40,999 57,187 123 190,677

5. STOCKS
2023 2022
£    £   
Work-in-progress 113,000 30,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 751,829 575,488
Other debtors 104,363 104,863
856,192 680,351

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 165,240 73,805
Trade creditors 451,477 354,542
Taxation and social security 78,796 39,046
Other creditors 295,044 241,500
990,557 708,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 118,039 148,039