Registered number
05901102
MARBLE & GRANITE LTD
Filleted Abridged Accounts
31 March 2023
MARBLE & GRANITE LTD
Registered number: 05901102
Abridged Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 1,049,670 933,668
Current assets
Stocks 37,924 101,804
Debtors 665,456 641,215
Cash at bank and in hand 117,432 237,372
820,812 980,391
Creditors: amounts falling due within one year (460,509) (784,093)
Net current assets 360,303 196,298
Total assets less current liabilities 1,409,973 1,129,966
Creditors: amounts falling due after more than one year (708,361) (648,050)
Net assets 701,612 481,916
Capital and reserves
Called up share capital 100 100
Profit and loss account 701,512 481,816
Shareholders' funds 701,612 481,916
Number Number
Average number of employees 17 11
The company is a private company limited by shares and incorporated in England. Its registered office is No. 19 1 to 13 Adler Street London E1 1EG.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Thomas Andrew Higham
Director
Approved by the board on 28 March 2024
MARBLE & GRANITE LTD
Notes to the Abridged Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Tangible fixed assets
Total
£
Cost
At 1 April 2022 1,154,243
Additions 158,131
At 31 March 2023 1,312,374
Depreciation
At 1 April 2022 220,575
Charge for the year 42,129
At 31 March 2023 262,704
Net book value
At 31 March 2023 1,049,670
At 31 March 2022 933,668
3 Other information
MARBLE & GRANITE LTD is a private company limited by shares and incorporated in England. Its registered office is
No. 19
1-13 Adler Street
London
E1 1EG
MARBLE & GRANITE LTD
Detailed balance sheet
as at 31 March 2023
This schedule does not form part of the statutory accounts
Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 794,185 294,850 65,208 1,154,243
Additions - 158,131 - 158,131
At 31 March 2023 794,185 452,981 65,208 1,312,374
Depreciation
At 1 April 2022 - 184,479 36,096 220,575
Charge for the year - 36,306 5,823 42,129
At 31 March 2023 - 220,785 41,919 262,704
Net book value
At 31 March 2023 794,185 232,196 23,289 1,049,670
At 31 March 2022 794,185 110,371 29,112 933,668
Debtors 2023 2022
£ £
Trade debtors 665,456 641,215
Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 170,459 559,268
Corporation tax 23,084 15,322
Other taxes and social security costs 25,968 26,658
Other creditors 240,998 182,845
460,509 784,093
Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 369,279 398,050
Other creditors 339,082 250,000
708,361 648,050
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