BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the manufacture of shower trays and associated equipment. 10 December 2024 24 25 NI027517 2024-09-30 NI027517 2023-09-30 NI027517 2022-09-30 NI027517 2023-10-01 2024-09-30 NI027517 2022-10-01 2023-09-30 NI027517 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI027517 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI027517 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI027517 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI027517 uk-core:ShareCapital 2024-09-30 NI027517 uk-core:ShareCapital 2023-09-30 NI027517 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI027517 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI027517 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI027517 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI027517 uk-bus:FRS102 2023-10-01 2024-09-30 NI027517 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-01 2024-09-30 NI027517 uk-core:LandBuildings 2023-10-01 2024-09-30 NI027517 uk-core:Buildings 2023-10-01 2024-09-30 NI027517 uk-core:Land 2023-10-01 2024-09-30 NI027517 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI027517 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI027517 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI027517 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 NI027517 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 NI027517 uk-core:CurrentFinancialInstruments 2024-09-30 NI027517 uk-core:CurrentFinancialInstruments 2023-09-30 NI027517 uk-core:WithinOneYear 2024-09-30 NI027517 uk-core:WithinOneYear 2023-09-30 NI027517 uk-core:AfterOneYear 2024-09-30 NI027517 uk-core:AfterOneYear 2023-09-30 NI027517 uk-core:AfterOneYear 2024-09-30 NI027517 uk-core:AfterOneYear 2023-09-30 NI027517 uk-core:WithinOneYear 2024-09-30 NI027517 uk-core:WithinOneYear 2023-09-30 NI027517 uk-core:BetweenOneTwoYears 2024-09-30 NI027517 uk-core:BetweenOneTwoYears 2023-09-30 NI027517 uk-core:BetweenTwoFiveYears 2024-09-30 NI027517 uk-core:BetweenTwoFiveYears 2023-09-30 NI027517 uk-core:OtherMiscellaneousReserve 2023-09-30 NI027517 uk-core:OtherMiscellaneousReserve 2023-10-01 2024-09-30 NI027517 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI027517 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI027517 uk-core:OtherDeferredTax 2024-09-30 NI027517 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 NI027517 uk-core:OtherMiscellaneousReserve 2024-09-30 NI027517 2023-10-01 2024-09-30 NI027517 uk-bus:Director1 2023-10-01 2024-09-30 NI027517 uk-bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 NI027517 uk-bus:Director3 2023-10-01 2024-09-30 NI027517 uk-bus:Director4 2023-10-01 2024-09-30 NI027517 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI027517
 
 
Classic Marble (Showers) Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Classic Marble (Showers) Limited
Company Registration Number: NI027517
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 13,251 14,269
Tangible assets 5 239,032 233,641
───────── ─────────
Fixed Assets 252,283 247,910
───────── ─────────
 
Current Assets
Stocks 6 316,237 329,729
Debtors 7 792,115 662,327
Cash and cash equivalents 906,492 1,072,803
───────── ─────────
2,014,844 2,064,859
───────── ─────────
Creditors: amounts falling due within one year 8 (544,630) (589,623)
───────── ─────────
Net Current Assets 1,470,214 1,475,236
───────── ─────────
Total Assets less Current Liabilities 1,722,497 1,723,146
 
Creditors:
amounts falling due after more than one year 9 (9,388) (171,164)
 
Provisions for liabilities 10 (31,600) (24,353)
───────── ─────────
Net Assets 1,681,509 1,527,629
═════════ ═════════
 
Capital and Reserves
Called up share capital 45,000 45,000
Retained earnings 1,636,509 1,482,629
───────── ─────────
Equity attributable to owners of the company 1,681,509 1,527,629
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 10 December 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Mr. Donald Hackett     Mrs. Margaret Hackett
Director     Director
           
           
________________________________     ________________________________
Mr. Christopher Hackett     Mr. Stephen Hackett
Director     Director
           



Classic Marble (Showers) Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Classic Marble (Showers) Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 185 Omagh Road, Garvaghy, Co Tyrone, BT70 2AL which is also the principal place of business of the company. The principal activity of the company is the manufacture of shower trays and associated equipment. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Patents
Patents are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 5 years.
 
Website
Website is valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10 years.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Building Adaptions - 4% Straight line
  Moulds - 20% Straight line
  Patterns - 25% Reducing Balance
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Research and development
Research expenditure is written off to the Profit and Loss Account in the year in which it is incurred.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
  2024 2023
  Number Number
 
Average No of Employees 24 25
  ═════════ ═════════
         
4. Intangible assets
       
  Patents Website Total
  £ £ £
Cost
At 1 October 2023 37,637 11,938 49,575
Additions 5,921 - 5,921
  ───────── ───────── ─────────
At 30 September 2024 43,558 11,938 55,496
  ───────── ───────── ─────────
Amortisation
At 1 October 2023 25,807 9,499 35,306
Charge for financial year 5,745 1,194 6,939
  ───────── ───────── ─────────
At 30 September 2024 31,552 10,693 42,245
  ───────── ───────── ─────────
Net book value
At 30 September 2024 12,006 1,245 13,251
  ═════════ ═════════ ═════════
At 30 September 2023 11,830 2,439 14,269
  ═════════ ═════════ ═════════

                 
5. Tangible assets
  Building Moulds Patterns Plant and Fixtures, Motor Total
  Adaptions     machinery fittings and vehicles  
          equipment    
  £ £ £ £ £ £ £
Cost
At 1 October 2023 110,204 253,495 205,127 333,995 128,258 101,904 1,132,983
Additions 9,178 50 - 26,067 25,130 - 60,425
  ───────── ───────── ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 119,382 253,545 205,127 360,062 153,388 101,904 1,193,408
  ───────── ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 38,865 252,351 194,326 276,590 90,727 46,483 899,342
Charge for the financial year 4,775 392 2,700 16,694 13,154 17,319 55,034
  ───────── ───────── ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 43,640 252,743 197,026 293,284 103,881 63,802 954,376
  ───────── ───────── ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 75,742 802 8,101 66,778 49,507 38,102 239,032
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 30 September 2023 71,339 1,144 10,801 57,405 37,531 55,421 233,641
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════ ═════════

       
6. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 316,237 329,729
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2024 2023
  £ £
 
Trade debtors 604,588 658,460
Amounts owed by participating interests 184,750 1,000
Other debtors 2,777 2,867
  ───────── ─────────
  792,115 662,327
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Other Loan 63,467 53,042
Trade creditors 217,766 281,908
Taxation 86,738 98,216
Other creditors 16,883 22,374
Accruals:
Pension accrual 4,500 3,429
Other accruals 155,276 130,654
  ───────── ─────────
  544,630 589,623
  ═════════ ═════════
       
9. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 5,547 74,053
Directors' loan accounts 3,841 97,111
  ───────── ─────────
  9,388 171,164
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 63,467 53,042
Repayable between one and two years 5,547 63,000
Repayable between two and five years - 11,053
  ───────── ─────────
  69,014 127,095
  ═════════ ═════════
 
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 24,353 24,353 24,186
Charged to profit and loss 7,247 7,247 167
  ───────── ───────── ─────────
At financial year end 31,600 31,600 24,353
  ═════════ ═════════ ═════════
           
11. Related party transactions
 
The directors of Classic Marble (Showers) Ltd had an opening balance of £97,111 owed to them. During the year, Classic Marble (Showers) Ltd borrowed £21,115 and repaid £114,385 leaving a closing balance of £3,841 (2023: £97,111). This amount is included in the creditors section of the balance sheet.  

The directors have a formal loan agreement and charge a commercial rate of interest. The directors have registered a legal charge over the company in relation to the loan with effect from 14 December 2017.

During the year, Classic Marble (Showers) Ltd was charged £62,083.33 (2023: £60,000) for the rental of commercial premises owned by Donald, Margaret and Christopher Hackett.  This is below market value.