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REGISTERED NUMBER: 03118551 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CLASSICO MARBLE LIMITED

CLASSICO MARBLE LIMITED (REGISTERED NUMBER: 03118551)

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


CLASSICO MARBLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: S Caruso





SECRETARIES: S Caruso
F Caruso





REGISTERED OFFICE: Staceys Yard
Station Road
Langley
Slough
Berkshire
SL3 6DB





REGISTERED NUMBER: 03118551 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

CLASSICO MARBLE LIMITED (REGISTERED NUMBER: 03118551)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 739,306 677,406

CURRENT ASSETS
Stocks 202,925 209,522
Debtors 5 423,136 335,959
Cash at bank and in hand 366,193 629,989
992,254 1,175,470
CREDITORS
Amounts falling due within one year 6 340,569 407,846
NET CURRENT ASSETS 651,685 767,624
TOTAL ASSETS LESS CURRENT LIABILITIES 1,390,991 1,445,030

CREDITORS
Amounts falling due after more than one year 7 - (15,243 )

PROVISIONS FOR LIABILITIES 9 (162,995 ) (133,710 )
NET ASSETS 1,227,996 1,296,077

CAPITAL AND RESERVES
Called up share capital 10 101 101
Capital redemption reserve 25 25
Retained earnings 1,227,870 1,295,951
SHAREHOLDERS' FUNDS 1,227,996 1,296,077

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 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.

CLASSICO MARBLE LIMITED (REGISTERED NUMBER: 03118551)

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 director and authorised for issue on 12 August 2025 and were signed by:





S Caruso - Director


CLASSICO MARBLE LIMITED (REGISTERED NUMBER: 03118551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Classico Marble 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.
Plant and machinery etc - 25% on cost, 25% on reducing balance, 20% on reducing balance and 10% 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.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2023 - 27 ) .

CLASSICO MARBLE LIMITED (REGISTERED NUMBER: 03118551)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 1,696,883
Additions 286,343
Disposals (258,000 )
At 31 October 2024 1,725,226
DEPRECIATION
At 1 November 2023 1,019,477
Charge for year 152,052
Eliminated on disposal (185,609 )
At 31 October 2024 985,920
NET BOOK VALUE
At 31 October 2024 739,306
At 31 October 2023 677,406

Included within the net book value of £772,950 is £85,076 (2023 - £164,434) relating to plant & machinery held under hire purchase agreements. The depreciation charged to the financial statement in the year in respect of such assets amounted to £21,269 (2023 - £41,109).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 293,210 197,407
Other debtors 129,926 138,552
423,136 335,959

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts (see note 8) 15,243 44,082
Trade creditors 136,924 111,343
Taxation and social security 16,758 110,279
Other creditors 171,644 142,142
340,569 407,846

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts (see note 8) - 15,243

CLASSICO MARBLE LIMITED (REGISTERED NUMBER: 03118551)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
31.10.24 31.10.23
£    £   
Net obligations repayable:
Within one year 15,243 44,082
Between one and five years - 15,243
15,243 59,325

Non-cancellable
operating leases
31.10.24 31.10.23
£    £   
Within one year 59,167 91,250
Between one and five years 225,000 284,167
In more than five years - 4,688
284,167 380,105

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 162,995 133,710

Deferred
tax
£   
Balance at 1 November 2023
As previously reported 131,394
Prior year adjustment 2,316
As restated 133,710
Provided during year 29,285
Balance at 31 October 2024 162,995

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
38 A Ordinary shares £1.00 38 38
38 B Ordinary shares £1.00 38 38
25 C Ordinary shares £1.00 25 25
101 101

CLASSICO MARBLE LIMITED (REGISTERED NUMBER: 03118551)

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


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
Director
Balance outstanding at start of year (64,823 ) (39,272 )
Amounts advanced 111,372 95,379
Amounts repaid (116,000 ) (120,930 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (69,451 ) (64,823 )

The loan is interest free.