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REGISTERED NUMBER: SC387965 (Scotland)












Financial Statements

for the Year Ended 31 October 2024

for

Marlborough Granite Limited

Marlborough Granite Limited (Registered number: SC387965)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marlborough Granite Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: C Poole
J A Sutherland





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC387965 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Marlborough Granite Limited (Registered number: SC387965)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 474,104 476,536

CURRENT ASSETS
Stocks 99,923 186,691
Debtors 4 800,979 821,556
Cash at bank and in hand 68,670 94,809
969,572 1,103,056
CREDITORS
Amounts falling due within one year 5 928,768 816,886
NET CURRENT ASSETS 40,804 286,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,908

762,706

CREDITORS
Amounts falling due after more than one year 6 (216,167 ) (368,851 )

PROVISIONS FOR LIABILITIES (118,526 ) (119,134 )
NET ASSETS 180,215 274,721

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 180,115 274,621
SHAREHOLDERS' FUNDS 180,215 274,721

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Marlborough Granite Limited (Registered number: SC387965)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





C Poole - Director


Marlborough Granite Limited (Registered number: SC387965)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

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.

Marlborough Granite Limited (Registered number: SC387965)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

1. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 28 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 999,797 5,077 271,715 - 1,276,589
Additions 67,166 - 62,532 1,897 131,595
At 31 October 2024 1,066,963 5,077 334,247 1,897 1,408,184
DEPRECIATION
At 1 November 2023 680,443 5,077 114,533 - 800,053
Charge for year 93,161 - 40,598 268 134,027
At 31 October 2024 773,604 5,077 155,131 268 934,080
NET BOOK VALUE
At 31 October 2024 293,359 - 179,116 1,629 474,104
At 31 October 2023 319,354 - 157,182 - 476,536

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 800,979 816,063
Other debtors - 5,493
800,979 821,556

Marlborough Granite Limited (Registered number: SC387965)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 152,923 111,422
Hire purchase contracts 122,324 136,377
Trade creditors 393,848 398,500
Taxation and social security 137,477 157,295
Other creditors 122,196 13,292
928,768 816,886

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 38,154 122,222
Hire purchase contracts 156,475 218,091
Other creditors 21,538 28,538
216,167 368,851

7. CALLED UP SHARE CAPITAL

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