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REGISTERED NUMBER: 02171628 (England and Wales)















Cardiff Marble & Terrazo Company Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Cardiff Marble & Terrazo Company Limited (Registered number: 02171628)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cardiff Marble & Terrazo Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K S Roche





SECRETARY: N M Spear





REGISTERED OFFICE: Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR





REGISTERED NUMBER: 02171628 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Cardiff Marble & Terrazo Company Limited (Registered number: 02171628)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,621 209,365

CURRENT ASSETS
Stocks 45,172 45,191
Debtors 5 205,785 197,310
Cash at bank and in hand 865,293 1,055,048
1,116,250 1,297,549
CREDITORS
Amounts falling due within one year 6 289,717 397,528
NET CURRENT ASSETS 826,533 900,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,154

1,109,386

CREDITORS
Amounts falling due after more than one year 7 (16,488 ) (30,994 )

PROVISIONS FOR LIABILITIES 9 (39,264 ) (41,222 )
NET ASSETS 932,402 1,037,170

CAPITAL AND RESERVES
Called up share capital 10 6,757 6,757
Retained earnings 925,645 1,030,413
SHAREHOLDERS' FUNDS 932,402 1,037,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 6 November 2024 and were signed by:





K S Roche - Director


Cardiff Marble & Terrazo Company Limited (Registered number: 02171628)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cardiff Marble & Terrazo Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The turnover shown in the profit and loss account represents amounts invoiced during the year for the supply and installation of marble and terrazzo products, exclusive of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Costs include those directly attributable to making the asset capable of operating as intended.

Grants
Where a capital grant has been received in respect of specific equipment, the asset is capitalised and depreciated over its useful life and the associated grant income is credited to deferred income and released to the profit and loss account so as to be matched with the associated depreciation charge.
Grants towards revenue expenditure are credited to income in the period to which they relate.

Stocks
The value of stock and work in progress has been estimated by the director.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cardiff Marble & Terrazo Company Limited (Registered number: 02171628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 100,146 708,721 59,329 172,499 1,040,695
Additions - 5,860 - - 5,860
At 31 March 2024 100,146 714,581 59,329 172,499 1,046,555
DEPRECIATION
At 1 April 2023 97,596 582,390 45,477 105,867 831,330
Charge for year 680 32,803 3,463 16,658 53,604
At 31 March 2024 98,276 615,193 48,940 122,525 884,934
NET BOOK VALUE
At 31 March 2024 1,870 99,388 10,389 49,974 161,621
At 31 March 2023 2,550 126,331 13,852 66,632 209,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,414 99,594
Amounts owed by group undertakings 121,140 61,056
Other debtors 3,382 2
Prepayments and accrued income 34,849 36,658
205,785 197,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,119 9,872
Hire purchase contracts 3,696 4,447
Trade creditors 64,868 31,632
Tax 3,458 60,599
Social security and other taxes 11,385 11,791
VAT 27,901 43,906
Other creditors 27,266 49,765
Customer deposits 116,078 161,799
Accruals and deferred income 24,272 23,200
Deferred government grants 674 517
289,717 397,528

Cardiff Marble & Terrazo Company Limited (Registered number: 02171628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,375 10,128
Bank loans - 2-5 years 5,251 15,618
Hire purchase contracts - 3,696
Deferred government grants 862 1,552
16,488 30,994

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 3,696 8,143

The hire purchase liability is secured over the associated fixed assets.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 39,264 41,222

Deferred
tax
£   
Balance at 1 April 2023 41,222
Credit to Income Statement during year (1,958 )
Balance at 31 March 2024 39,264

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
6,675 A Ordinary £1 6,675 6,675
80 B Ordinary £1 80 80
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
6,757 6,757

11. RELATED PARTY DISCLOSURES

The reporting entity was owed £121,140 (2023: £61,056) at year end by a group member.