The Original Marble Factory Workshop Limited |
Registered Number:08658960 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2023
The Original Marble Factory Workshop Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
The Original Marble Factory Workshop Limited
Statement of Financial Position
2022
2023
-
700
Property, plant and equipment |
284,643
306,700
2
284,643
307,400
87,500
93,700
3
Trade and other receivables |
173,382
148,332
4
7,048
Cash and cash equivalents |
3,206
245,238
267,930
Trade and other payables: amounts falling due within one year |
(272,525)
(260,051)
5
(4,595)
(14,813)
Net current liabilities
Total assets less current liabilities |
269,830
302,805
Trade and other payables: amounts falling due after more than one |
year |
(147,057)
(59,487)
6
(32,313)
(36,067)
Provisions for liabilities |
178,030
Net assets
119,681
1
1
178,029
119,680
178,030
119,681
Shareholders' funds
For the year ended 31 August 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 August 2023
The Original Marble Factory Workshop Limited
Statement of Financial Position Continued
Mr John Alexander Faruga Director |
These financial statements were approved and authorised for issue by the Board on 01 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2023
The Original Marble Factory Workshop Limited
Notes to the Financial Statements
Statutory Information
The Original Marble Factory Workshop Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08658960. |
Principal place of business: |
36 Catley Road
Darnall
Sheffield
S9 5JF
18a Rother Court
Mangham Road
Parkgate
Rotherham
S62 6DR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Office equipment
Motor vehicles
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
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For the year ended 31 August 2023
The Original Marble Factory Workshop Limited
Notes to the Financial Statements Continued
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2. Property, plant and equipment |
Motor vehicles
507,180
4,221
18,210
310,758
173,991
18,511
1,115
-
-
17,396
310,758
18,210
5,336
525,691
191,387
Provision for depreciation and impairment |
200,480
2,401
16,127
124,833
57,119
Charge for year
40,568
969
521
27,889
11,189
241,048
3,370
16,648
152,722
68,308
123,079
158,036
1,562
1,966
284,643
116,872
185,925
2,083
1,820
306,700
2022
2023
93,700
87,500
4. Trade and other receivables |
2022
2023
148,332
173,382
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For the year ended 31 August 2023
The Original Marble Factory Workshop Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
39,062
48,503
94,016
66,616
Taxation and social security |
41,345
54,891
85,628
102,515
260,051
272,525
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
45,684
72,559
13,803
74,498
59,487
147,057
7. Average number of persons employed |
During the year the average number of employees was 12 (2022 : 12)
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