Company Registration No. 05005186 (England and Wales)
Marble 4 Life ltd
Unaudited accounts
for the year ended 31 January 2024
Marble 4 Life ltd
Unaudited accounts
Contents
Marble 4 Life ltd
Company Information
for the year ended 31 January 2024
Directors
Mr A Hussain
MR N M HUSSAIN
Company Number
05005186 (England and Wales)
Registered Office
56-58 Station Road
Leeds
W Yorkshire
LS15 7JY
Accountants
Arif Khan Accountants Limited
25 Whetley Lane
Bradford
W Yorkshire
BD8 9EH
Marble 4 Life ltd
Statement of financial position
as at 31 January 2024
Intangible assets
31,918
36,633
Tangible assets
927,503
929,345
Inventories
296,578
286,943
Cash at bank and in hand
461,193
737,623
Creditors: amounts falling due within one year
(547,781)
(786,440)
Net current assets
576,714
584,384
Total assets less current liabilities
1,536,135
1,550,362
Creditors: amounts falling due after more than one year
(569,132)
(576,444)
Provisions for liabilities
Deferred tax
(141,499)
(130,409)
Net assets
825,504
843,509
Called up share capital
1
1
Profit and loss account
825,503
843,508
Shareholders' funds
825,504
843,509
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by
Mr A Hussain
Director
Company Registration No. 05005186
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2024
Marble 4 Life ltd is a private company, limited by shares, registered in England and Wales, registration number 05005186. The registered office is 56-58 Station Road, Leeds, W Yorkshire, LS15 7JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Lease hold improvements depreciated over 10 years.
Land & buildings
1% reducing balance basis.
Plant & machinery
20% Reducing balance basis
Motor vehicles
20% Reducing balance basis
Fixtures & fittings
20% Reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Written of over 5 years. Also leasehold written off over 10 years period.
Fixed and floating charges over the undertaking and all by M4L holdings ltd
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Grants for a machine is spread over as per our depreciation policy.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2023
50,000
45,791
95,791
At 31 January 2024
50,000
45,791
95,791
At 1 February 2023
50,000
9,158
59,158
Charge for the year
-
4,715
4,715
At 31 January 2024
50,000
13,873
63,873
At 31 January 2024
-
31,918
31,918
At 31 January 2023
-
36,633
36,633
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
225,681
1,483,642
546,297
285,287
2,540,907
Additions
-
45,390
124,222
7,044
176,656
At 31 January 2024
225,681
1,529,032
670,519
292,331
2,717,563
At 1 February 2023
138,671
994,962
352,461
125,468
1,611,562
Charge for the year
870
102,558
42,796
32,274
178,498
At 31 January 2024
139,541
1,097,520
395,257
157,742
1,790,060
At 31 January 2024
86,140
431,512
275,262
134,589
927,503
At 31 January 2023
87,010
488,680
193,836
159,819
929,345
Amounts falling due within one year
Accrued income and prepayments
300,000
300,000
Other debtors
66,724
46,258
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
41,834
80,391
Trade creditors
201,587
196,516
Taxes and social security
60,760
64,113
Proposed dividends
30,000
200,000
Deferred income
166,602
128,996
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
500,000
500,000
Deferred income
69,132
76,444
Allotted, called up and fully paid:
60 Ordinary shares of £0.01 each
0.60
0.60
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2024
10
Operating lease commitments
2024
2023
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
30,768
11,807
Later than one year and not later than five years
38,479
15,189
11
Average number of employees
During the year the average number of employees was 45 (2023: 50).