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REGISTERED NUMBER: 04873164















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TOWN & COUNTRY MARBLE LTD

TOWN & COUNTRY MARBLE LTD (REGISTERED NUMBER: 04873164)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWN & COUNTRY MARBLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A P Fennell
C E Mitchell





SECRETARY: C Mitchell





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 04873164





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

TOWN & COUNTRY MARBLE LTD (REGISTERED NUMBER: 04873164)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,117 61,484

CURRENT ASSETS
Stocks 5 30,117 40,583
Debtors 6 22,206 42,460
Cash at bank and in hand 59,007 71,892
111,330 154,935
CREDITORS
Amounts falling due within one year 7 80,529 104,010
NET CURRENT ASSETS 30,801 50,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,918

112,409

CREDITORS
Amounts falling due after more than one
year

8

25,333

44,044
NET ASSETS 55,585 68,365

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 55,485 68,265
SHAREHOLDERS' FUNDS 55,585 68,365

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

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

TOWN & COUNTRY MARBLE LTD (REGISTERED NUMBER: 04873164)

BALANCE SHEET - continued
31 AUGUST 2023


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 29 August 2024 and were signed on its behalf by:





C Mitchell - Director


TOWN & COUNTRY MARBLE LTD (REGISTERED NUMBER: 04873164)

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

1. STATUTORY INFORMATION

Town & Country Marble Ltd is a private company, limited by shares , registered in Not specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

TOWN & COUNTRY MARBLE LTD (REGISTERED NUMBER: 04873164)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 199,992 13,969 78,088 292,049
Additions - 4,036 - 4,036
At 31 August 2023 199,992 18,005 78,088 296,085
DEPRECIATION
At 1 September 2022 154,179 8,228 68,158 230,565
Charge for year 11,454 1,466 2,483 15,403
At 31 August 2023 165,633 9,694 70,641 245,968
NET BOOK VALUE
At 31 August 2023 34,359 8,311 7,447 50,117
At 31 August 2022 45,813 5,741 9,930 61,484

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 September 2022
and 31 August 2023 55,000
DEPRECIATION
At 1 September 2022 31,797
Charge for year 5,801
At 31 August 2023 37,598
NET BOOK VALUE
At 31 August 2023 17,402
At 31 August 2022 23,203

5. STOCKS
2023 2022
£    £   
Stocks 30,117 40,583

TOWN & COUNTRY MARBLE LTD (REGISTERED NUMBER: 04873164)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,206 42,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,401 9,467
Trade creditors 17,008 27,493
Tax 4,298 543
Social security and other taxes 5,758 5,201
VAT 13,540 12,210
Other creditors 1,347 919
Directors' current accounts 18,077 36,077
Accruals and deferred income 2,100 2,100
80,529 104,010

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 8,333 18,333
Hire purchase contracts 7,000 15,711
25,333 44,044

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2022 68,265
Profit for the year 7,220
Dividends (20,000 )
At 31 August 2023 55,485