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REGISTERED NUMBER: 02284971 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MARBLE CITY LIMITED

MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARBLE CITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: G M Waldron



REGISTERED OFFICE: 83 Cambridge Street
Pimlico
London
SW1V 4PS



REGISTERED NUMBER: 02284971 (England and Wales)



ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS



BANKERS: HSBC Bank plc
1 Sydney Place
Onslow Square
South Kensington
London
SW7 3NW

MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,072 221,864

CURRENT ASSETS
Stocks 494,962 376,527
Debtors 5 427,410 415,470
Cash at bank and in hand 37,685 78,472
960,057 870,469
CREDITORS
Amounts falling due within one year 6 990,512 920,901
NET CURRENT LIABILITIES (30,455 ) (50,432 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,617

171,432

CREDITORS
Amounts falling due after more than one
year

7

(74,678

)

(116,625

)

PROVISIONS FOR LIABILITIES 9 (41,245 ) (36,419 )
NET ASSETS 34,694 18,388

CAPITAL AND RESERVES
Called up share capital 8,600 8,600
Retained earnings 26,094 9,788
SHAREHOLDERS' FUNDS 34,694 18,388

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)

BALANCE SHEET - continued
31ST MARCH 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th March 2025 and were signed by:





G M Waldron - Director


MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Marble City 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.

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.
Improvements to leasehold property - 20% on cost
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

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

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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
Monetary 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.

Pension costs
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.

Leased assets
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Deferred income
Deferred income is provided in the accounting period for sales where the goods or services have not been supplied although sales invoices raised. The income is recognised when the stage of supply is completed and a right of consideration is due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 5,116 614,625 110,989 50,091 780,821
Additions - 2,842 33,372 778 36,992
Disposals - - (40,427 ) - (40,427 )
At 31st March 2024 5,116 617,467 103,934 50,869 777,386
DEPRECIATION
At 1st April 2023 256 434,991 75,302 48,408 558,957
Charge for year 1,023 45,339 14,816 919 62,097
Eliminated on disposal - - (24,740 ) - (24,740 )
At 31st March 2024 1,279 480,330 65,378 49,327 596,314
NET BOOK VALUE
At 31st March 2024 3,837 137,137 38,556 1,542 181,072
At 31st March 2023 4,860 179,634 35,687 1,683 221,864

The net book value of motor vehicles and plant and machinery includes £26,420 (2023: £65,856) in respect of assets held under hire purchase contracts. The amount of depreciation in respect of such assets amounted to £6,952 (2023: £16,787) for the year.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (less provision for bad debts) 149,569 228,854
Amounts owed by group undertakings 24,818 19,925
Other debtors 110,823 93,332
Directors' current accounts 51,125 55,820
Corporation tax 28,029 -
Prepayments and accrued income 63,046 17,539
427,410 415,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,980 45,980
Hire purchase contracts (see note 8) 7,646 24,260
Trade creditors 368,091 289,768
Tax 31,263 98
Social security and other taxes 24,600 29,289
VAT 23,089 50,761
Other creditors 22,125 39,308
Accruals and deferred income 467,718 441,437
990,512 920,901

MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within Accruals and deferred income are amounts of £438,352 (2023: £359,174) in respect of deferred income.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 57,475 103,454
Hire purchase contracts (see note 8) 17,203 13,171
74,678 116,625

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 7,646 24,260
Between one and five years 17,203 13,171
24,849 37,431

At 31st March 2024, the company had total leasing commitments of £24,849 (2023: £37,431) under non-cancellable leases.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax provision 41,245 36,419

Deferred
tax
£   
Balance at 1st April 2023 36,419
Provided during year 4,826
Balance at 31st March 2024 41,245

MARBLE CITY LIMITED (REGISTERED NUMBER: 02284971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
G M Waldron
Balance outstanding at start of year 55,820 -
Amounts advanced 51,125 55,820
Amounts repaid (55,820 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,125 55,820