Registered number
07123659
AL-MURAD GRANITE LTD
Filleted Accounts
30 April 2024
AL-MURAD GRANITE LTD
Registered number: 07123659
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 551,592 624,225
Current assets
Stocks 485,250 375,850
Debtors 4 82,638 51,470
Cash at bank and in hand 331,786 326,740
899,674 754,060
Creditors: amounts falling due within one year 5 (368,580) (354,136)
Net current assets 531,094 399,924
Total assets less current liabilities 1,082,686 1,024,149
Creditors: amounts falling due after more than one year 6 (23,728) (33,784)
Net assets 1,058,958 990,365
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,057,958 989,365
Shareholders' funds 1,058,958 990,365
The director is 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 director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
AHMED ALI RAVAT
Director
Approved by the board on 29 July 2024
AL-MURAD GRANITE LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Vehicles (Commercial) over 10 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 20
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 845,884 209,127 1,055,011
Additions 36,521 - 36,521
At 30 April 2024 882,405 209,127 1,091,532
Depreciation
At 1 May 2023 355,040 75,746 430,786
Charge for the year 88,241 20,913 109,154
At 30 April 2024 443,281 96,659 539,940
Net book value
At 30 April 2024 439,124 112,468 551,592
At 30 April 2023 490,844 133,381 624,225
4 Debtors 2024 2023
£ £
Trade debtors 63,650 27,925
Prepayments 18,988 23,545
82,638 51,470
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 129,407 67,684
Corporation tax 64,261 7,148
Other creditors 174,912 279,304
368,580 354,136
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - BBL 21,824 31,680
Directors Loans 1,904 2,104
23,728 33,784
7 Other information
AL-MURAD GRANITE LTD is a private company limited by shares and incorporated in England. Its registered office is:
HOWLEY PARK ROAD EAST
MORLEY
LEEDS
LS27 0BW
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