Registered number
05901102
MARBLE & GRANITE LTD
Filleted Abridged Accounts
31 March 2024
MARBLE & GRANITE LTD
Registered number: 05901102
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 1,055,152 1,049,670
Current assets
Stocks 32,563 37,924
Debtors 290,272 665,456
Cash at bank and in hand 286,111 117,432
608,946 820,812
Creditors: amounts falling due within one year (346,994) (460,509)
Net current assets 261,952 360,303
Total assets less current liabilities 1,317,104 1,409,973
Creditors: amounts falling due after more than one year (605,443) (708,361)
Net assets 711,661 701,612
Capital and reserves
Called up share capital 100 100
Profit and loss account 711,561 701,512
Shareholders' funds 711,661 701,612
Number Number
Average number of employees 17 11
The company is a private company limited by shares and incorporated in England. Its registered office is No. 19 1 to 13 Adler Street London E1 1EG.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Thomas Andrew Higham
Director
Approved by the board on 27 March 2025
MARBLE & GRANITE LTD
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Tangible fixed assets
Total
£
Cost
At 1 April 2023 1,312,373
Additions 67,533
At 31 March 2024 1,379,906
Depreciation
At 1 April 2023 262,703
Charge for the year 62,051
At 31 March 2024 324,754
Net book value
At 31 March 2024 1,055,152
At 31 March 2023 1,049,670
3 Other information
MARBLE & GRANITE LTD is a private company limited by shares and incorporated in England. Its registered office is
No. 19
1-13 Adler Street
London
E1 1EG
MARBLE & GRANITE LTD
Detailed balance sheet
as at 31 March 2024
This schedule does not form part of the statutory accounts
Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 794,184 452,981 65,208 1,312,373
Additions - 67,533 - 67,533
At 31 March 2024 794,184 520,514 65,208 1,379,906
Depreciation
At 1 April 2023 - 220,785 41,918 262,703
Charge for the year - 57,393 4,658 62,051
At 31 March 2024 - 278,178 46,576 324,754
Net book value
At 31 March 2024 794,184 242,336 18,632 1,055,152
At 31 March 2023 794,184 232,196 23,290 1,049,670
Debtors 2024 2023
£ £
Trade debtors 281,482 665,456
Other debtors 8,790 -
290,272 665,456
Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 131,855 170,459
Corporation tax 13,218 23,084
Other taxes and social security costs - 25,968
Other creditors 201,921 240,998
346,994 460,509
Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 342,821 369,279
Other creditors 262,622 339,082
605,443 708,361
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