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REGISTERED NUMBER: 01737360 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

MARBLES LIMITED

MARBLES LIMITED (REGISTERED NUMBER: 01737360)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARBLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M S Bialy
K P Horsefield
T Sherburn





REGISTERED OFFICE: 9 South Street
Bromley
Kent
BR1 1RH





REGISTERED NUMBER: 01737360 (England and Wales)





ACCOUNTANTS: IGD Accounting Services Limited
29a High Street
West Wickham
Kent
BR4 0LP

MARBLES LIMITED (REGISTERED NUMBER: 01737360)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,399 23,198

CURRENT ASSETS
Stocks 19,500 19,500
Debtors 5 67,598 75,605
Cash at bank 13,868 14,005
100,966 109,110
CREDITORS
Amounts falling due within one year 6 91,195 88,478
NET CURRENT ASSETS 9,771 20,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,170

43,830

CREDITORS
Amounts falling due after more than
one year

7

29,896

43,607
NET ASSETS 274 223

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 175 124
274 223

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




K P Horsefield - Director


MARBLES LIMITED (REGISTERED NUMBER: 01737360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Marbles 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 7 ) .

MARBLES LIMITED (REGISTERED NUMBER: 01737360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 11,614 82,974 17,009 41,802 153,399
Additions - 3,000 616 - 3,616
At 31 July 2023 11,614 85,974 17,625 41,802 157,015
DEPRECIATION
At 1 August 2022 10,929 81,075 16,452 21,745 130,201
Charge for year 68 980 352 5,015 6,415
At 31 July 2023 10,997 82,055 16,804 26,760 136,616
NET BOOK VALUE
At 31 July 2023 617 3,919 821 15,042 20,399
At 31 July 2022 685 1,899 557 20,057 23,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 30,598 44,605
Amounts recoverable on contract 10,000 10,000
Other debtors 27,000 21,000
67,598 75,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 3,924 3,924
Trade creditors 18,557 25,576
Taxation and social security 30,502 28,396
Other creditors 27,564 19,934
91,195 88,478

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 18,452 28,239
Hire purchase contracts 11,444 15,368
29,896 43,607

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,452 28,239