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REGISTERED NUMBER: 04512382















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Ideal Marble & Granite Limited

Ideal Marble & Granite Limited (Registered number: 04512382)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ideal Marble & Granite Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D A Burt





SECRETARY: Kaye Middleton & Co





REGISTERED OFFICE: Unit 5 Victor Court
Hunter Drive, Airfield Industrial Estate
Elvington
York
Yorkshire
YO41 4EN





REGISTERED NUMBER: 04512382





ACCOUNTANTS: Kaye Middleton & Co
19 Railway Street
Pocklington
York
East Yorkshire
YO42 2QR

Ideal Marble & Granite Limited (Registered number: 04512382)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,788 66,525

CURRENT ASSETS
Debtors 5 42,651 58,514
Cash at bank 9,352 10,054
52,003 68,568
CREDITORS
Amounts falling due within one year 6 63,233 63,081
NET CURRENT (LIABILITIES)/ASSETS (11,230 ) 5,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,558

72,012

CREDITORS
Amounts falling due after more than one year 7 39,290 57,867
NET ASSETS 268 14,145

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 208 14,085
268 14,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Ideal Marble & Granite Limited (Registered number: 04512382)

Statement of Financial Position - continued
30 September 2024


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 16 December 2024 and were signed by:





D A Burt - Director


Ideal Marble & Granite Limited (Registered number: 04512382)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Ideal Marble & Granite Limited 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 statement of financial position date.

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.

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.

Ideal Marble & Granite Limited (Registered number: 04512382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 24,283 58,688 15,538 98,509
DEPRECIATION
At 1 October 2023 15,350 3,668 12,966 31,984
Charge for year 1,339 13,755 643 15,737
At 30 September 2024 16,689 17,423 13,609 47,721
NET BOOK VALUE
At 30 September 2024 7,594 41,265 1,929 50,788
At 30 September 2023 8,933 55,020 2,572 66,525

Ideal Marble & Granite Limited (Registered number: 04512382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 58,688
DEPRECIATION
At 1 October 2023 3,668
Charge for year 13,755
At 30 September 2024 17,423
NET BOOK VALUE
At 30 September 2024 41,265
At 30 September 2023 55,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 360
Other debtors 42,651 58,154
42,651 58,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,577 7,045
Trade creditors (1 ) 319
Taxation and social security 13,083 6,255
Other creditors 31,574 39,462
63,233 63,081

Ideal Marble & Granite Limited (Registered number: 04512382)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 16,667
Hire purchase contracts 32,623 41,200
39,290 57,867

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
D A Burt
Balance outstanding at start of year 13,600 2,881
Amounts advanced 5,699 10,719
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,299 13,600

Interest is charged at 3.5% on overdrawn directors loan account balances as appropriate.