Marble Ideas Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Marble Ideas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02710610 . The registered office is Unit1, Station Approach Station Road, Langley, Slough, SL3 6DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Management have determined that there are no material uncertainties in relation to going concern by considering future cash flows, liquidity and borrowing facilities. Fellow subsidiary company Bellagio Stone Limited has agreed to continue to support the company through ongoing trade and financial support.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on installation of the goods), the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the cost incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and the subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that assets as follows:

Leasehold	Over the period of the lease
Plant & Machinery	10% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	25% straight line

If there is an indication that there has been a significant change in depreciation rate, useful rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

2.4. Stocks and Work in Progress

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

2.5. 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.

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.

2.6. Pensions

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.

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Marble Ideas Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 31 (2024: 31)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	46,512	952,112	204,812	73,358	1,276,794
Additions	-	232,825	-	-	232,825
Disposals	-	(99,000 )	(32,708 )	-	(131,708 )

As at 31 March 2025	46,512	1,085,937	172,104	73,358	1,377,911

Depreciation
As at 1 April 2024	46,512	677,350	182,774	61,353	967,989
Provided during the period	-	103,038	9,312	4,698	117,048
Disposals	-	(50,726 )	(32,708 )	-	(83,434 )

As at 31 March 2025	46,512	729,662	159,378	66,051	1,001,603

Net Book Value
As at 31 March 2025	-	356,275	12,726	7,307	376,308

As at 1 April 2024	-	274,762	22,038	12,005	308,805

Fixed assets with a net book value of £142,571 (2024 £199,062) are held under hire purchase contracts.

5. Stocks

	2025	2024
	£	£
Raw materials	408,380	453,040

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	634,516	399,411
Prepayments and accrued income	31,622	23,498
Other debtors	14,650	425,825
VAT recoverable	72,816	137,662
Amounts owed by group undertakings	-	1,651

	753,604	988,047

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Marble Ideas Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	23,632	23,632
Trade creditors	382,975	632,671
Other taxes and social security	62,810	-
Other creditors	21,074	21,024
Accruals and deferred income	16,259	17,244
Amounts owed to group undertakings	23,420	-

	530,170	694,571

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	54,019	77,651

9. Secured Creditors

Hire purchase contracts are secured on the related assets.

Natwest have a fixed and floating charge over all assets of the company.

The following secured debts are included within creditors:

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	77,651		101,283

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	23,632	23,632
Later than one year and not later than five years	54,019	77,651

	77,651	101,283

	77,651	101,283

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	93,319	71,662
Tax losses carried forward	(7,355 )	(7,355 )

	85,964	64,307

12. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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Marble Ideas Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

13. Capital Commitments

	2025	2024
	£	£
At the end of the period	75,370	-

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements

14. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	109,237	67,720
Later than one year and not later than five years	521,834	25,577
Later than five years	523,577	-

	1,154,648	93,297

15. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Other debtors included a loan of £nil (2024: £310,000) to S & E Property Limited, a company in which Mr S Buck, the director of Marble Ideas Limited, and his wife are the controlling shareholders. The full balance of £310,000 was repaid on 23 May 2024. In the prior year, an amount of £25,094 relating to this loan was written off.

16. Ultimate Controlling Party

The ultimate parent company is Bellagio Marble Ideas Limited (company number 13646733). The company is controlled by R Wilkinson, who is a director and shareholder of Bellagio Marble Ideas Limited

17. Audit Information

The auditor's report on the accounts of Marble Ideas Limited for the year ended 31 March 2025 was qualified.

The basis of qualification in the auditor's report was as follows:

We were not appointed as auditor of the company until after 31 March 2023 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 1 April 2023, which are included in opening stock of the comparatives at £237,451, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

The matters required to report by exception are stated below:

The auditor's report was signed by Adam Bexon MChem FCA (Senior Statutory Auditor) for and on behalf of Burrows Scarborough Limited , Statutory Auditor.

Burrows Scarborough Limited

Sovereign House

12 Warwick Street

Coventry

CV5 6ET

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		376,308		308,805

			376,308		308,805
CURRENT ASSETS
Stocks	5	408,380		453,040
Debtors	6	753,604		988,047
Cash at bank and in hand		150,258		252,445

		1,312,242		1,693,532
Creditors: Amounts Falling Due Within One Year	7	(530,170 )		(694,571 )

NET CURRENT ASSETS (LIABILITIES)			782,072		998,961

TOTAL ASSETS LESS CURRENT LIABILITIES			1,158,380		1,307,766

Creditors: Amounts Falling Due After More Than One Year	8		(54,019 )		(77,651 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(85,964 )		(64,307 )

NET ASSETS			1,018,397		1,165,808

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			1,018,297		1,165,708

SHAREHOLDERS' FUNDS			1,018,397		1,165,808