ACCOUNTS - Final Accounts

Registered number: 454785

MARBLE FLOORING SPECIALISTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2025

MARBLE FLOORING SPECIALISTS LIMITED

Registered number: 454785

BALANCE SHEET

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		76,613		100,280
			76,613		100,280
Current assets
Stocks		661,065		713,936
Debtors: amounts falling due within one year	5	(12,868)		50,380
Cash at bank and in hand		522,775		793,118
		1,170,972		1,557,434
Creditors: amounts falling due within one year	6	(321,416)		(774,702)
Net current assets			849,556		782,732
Total assets less current liabilities			926,169		883,012

Net assets			926,169		883,012

Capital and reserves
Called up share capital	5,075	5,075
Profit and loss account	921,094	877,937
	926,169	883,012

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S.R. Zanetti

Director

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MARBLE FLOORING SPECIALISTS LIMITED

Registered number: 454785

BALANCE SHEET (CONTINUED)

As at 31 March 2025

Date: 5 December 2025

The notes on pages 3 to 7 form part of these financial statements.

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MARBLE FLOORING SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

1.	General information

The Company is a private company, limited by shares and domiciled in England and Wales. The principal place of business is Verona House, Filwood Road, Fishponds, Bristol BS16 3RY. Its principal activity is the supply of precast concrete mosaic products.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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MARBLE FLOORING SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery	-	25%
Motor vehicles	-	25%
Fixtures & fittings	-	15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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MARBLE FLOORING SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

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.

2.10

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.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 12 (2024 - 12).

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MARBLE FLOORING SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost or valuation
	At 1 April 2024	1,043,302
	At 31 March 2025	1,043,302
	Depreciation
	At 1 April 2024	943,022
	Charge for the year on owned assets	23,667
	At 31 March 2025	966,689
	Net book value
	At 31 March 2025	76,613
	At 31 March 2024	100,280

Debtors

					2025	2024
					£	£


Trade debtors	56,038	44,577
Other debtors	(68,906)	5,803
	(12,868)	50,380

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MARBLE FLOORING SPECIALISTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	65,562	321,333
Amounts owed to joint ventures	-	82,376
Corporation tax	25,182	11,902
Other taxation and social security	47,202	54,379
Other creditors	156,460	277,540
Accruals and deferred income	27,010	27,172
	321,416	774,702

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