REGISTERED NUMBER: 12461801 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Granite & Quartz

Installations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Leech

B J Leech

REGISTERED OFFICE:

Archwood House

46/48 Long Street

Middleton

Manchester

M24 6UQ

REGISTERED NUMBER:

12461801 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Intangible assets

4

10,380

13,840

Tangible assets

5

23,771

14,681

34,151

28,521

CURRENT ASSETS

Stocks

5,000

2,000

Debtors

6

16,147

18,102

Cash at bank

6,901

31,519

28,048

51,621

CREDITORS

Amounts falling due within one year

7

9,972

18,425

NET CURRENT ASSETS

18,076

33,196

TOTAL ASSETS LESS CURRENT LIABILITIES

52,227

61,717

CREDITORS

Amounts falling due after more than one year

8

(21,609

)

(9,829

)

PROVISIONS FOR LIABILITIES

-

(2,704

)

NET ASSETS

30,618

49,184

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,518

49,084

30,618

49,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 13 October 2025 and were signed on its behalf by:

B J Leech - Director

1.	STATUTORY INFORMATION

Granite & Quartz Installations 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.

Computer software

Computer software is amortised over its expected useful life of 5 years.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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

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

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.

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 March 2024

and 28 February 2025

17,300

AMORTISATION

At 1 March 2024

3,460

Amortisation for year

3,460

At 28 February 2025

6,920

NET BOOK VALUE

At 28 February 2025

10,380

At 29 February 2024

13,840

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

2,000

23,845

1,075

26,920

Additions

-

16,900

-

16,900

At 28 February 2025

2,000

40,745

1,075

43,820

DEPRECIATION

At 1 March 2024

956

10,432

851

12,239

Charge for year

157

7,579

74

7,810

At 28 February 2025

1,113

18,011

925

20,049

NET BOOK VALUE

At 28 February 2025

887

22,734

150

23,771

At 29 February 2024

1,044

13,413

224

14,681

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

19,795

Additions

16,900

At 28 February 2025

36,695

DEPRECIATION

At 1 March 2024

8,660

Charge for year

7,009

At 28 February 2025

15,669

NET BOOK VALUE

At 28 February 2025

21,026

At 29 February 2024

11,135

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

10,440

3,000

Amounts recoverable on contract

-

15,000

Other debtors

2,427

102

Tax

3,280

-

16,147

18,102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

8,189

10,366

Tax

-

4,326

Social security and other taxes

-

75

Pension

128

31

VAT

-

2,374

Directors' current accounts

405

2

Accrued expenses

1,250

1,251

9,972

18,425

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

21,609

9,829

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Hire purchase contracts

29,798

20,195