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REGISTERED NUMBER: 10351448 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 August 2024

for

Granite Slabs Uk Ltd

Granite Slabs Uk Ltd (Registered number: 10351448)

Contents of the Financial Statements
For The Year Ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Granite Slabs Uk Ltd

Company Information
For The Year Ended 31 August 2024







DIRECTOR: B Timo





REGISTERED OFFICE: Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU





REGISTERED NUMBER: 10351448 (England and Wales)





ACCOUNTANTS: Affinia (Harlow)
Swift House
Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Granite Slabs Uk Ltd (Registered number: 10351448)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,507 92,936

CURRENT ASSETS
Stocks 844,826 679,907
Debtors 5 676,811 338,311
Cash at bank and in hand 285,874 263,953
1,807,511 1,282,171
CREDITORS
Amounts falling due within one year 6 835,672 647,580
NET CURRENT ASSETS 971,839 634,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,101,346

727,527

CREDITORS
Amounts falling due after more than one
year

7

(91,174

)

(122,746

)

PROVISIONS FOR LIABILITIES 9 (29,715 ) (10,439 )
NET ASSETS 980,457 594,342

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 980,357 594,242
SHAREHOLDERS' FUNDS 980,457 594,342

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:



B Timo - Director


Granite Slabs Uk Ltd (Registered number: 10351448)

Notes to the Financial Statements
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Granite Slabs Uk Ltd 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on ·an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Granite Slabs Uk Ltd (Registered number: 10351448)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 9 (2023 - 9 ) .

Granite Slabs Uk Ltd (Registered number: 10351448)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 28,371 21,558 125,150 2,419 177,498
Additions 61,531 3,922 14,583 - 80,036
Transfer to ownership - - - (840 ) (840 )
At 31 August 2024 89,902 25,480 139,733 1,579 256,694
DEPRECIATION
At 1 September 2023 15,054 13,297 54,391 1,820 84,562
Charge for year 18,712 3,045 21,336 372 43,465
Transfer to ownership - - - (840 ) (840 )
At 31 August 2024 33,766 16,342 75,727 1,352 127,187
NET BOOK VALUE
At 31 August 2024 56,136 9,138 64,006 227 129,507
At 31 August 2023 13,317 8,261 70,759 599 92,936

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 76,150 840 76,990
Transfer to ownership - (840 ) (840 )
At 31 August 2024 76,150 - 76,150
DEPRECIATION
At 1 September 2023 30,282 840 31,122
Charge for year 11,467 - 11,467
Transfer to ownership - (840 ) (840 )
At 31 August 2024 41,749 - 41,749
NET BOOK VALUE
At 31 August 2024 34,401 - 34,401
At 31 August 2023 45,868 - 45,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 669,164 335,615
Other debtors 7,647 2,696
676,811 338,311

Granite Slabs Uk Ltd (Registered number: 10351448)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,471 17,471
Hire purchase contracts 16,018 14,148
Trade creditors 359,796 419,725
Taxation and social security 303,600 77,563
Other creditors 138,787 118,673
835,672 647,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 69,435 86,907
Hire purchase contracts 21,739 35,839
91,174 122,746

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 37,757 49,987

Assets held under leases purchases are secured on the assets concerned.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 29,715 10,439

Deferred
tax
£   
Balance at 1 September 2023 10,439
Provided during year 19,276
Balance at 31 August 2024 29,715

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100