Norfolk Granite Works Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11271494

Norfolk Granite Works Limited

Unaudited financial statements

31 March 2026

Norfolk Granite Works Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Intangible assets	5	15,000	22,500
Tangible assets	6	20,830	17,023
		-------	-------
		35,830	39,523

Current assets

Stocks		25,125	33,010
Debtors	7	139,652	107,808
Cash at bank and in hand		48,901	30,919
		---------	---------
		213,678	171,737

Creditors: Amounts falling due within one year	8	( 75,980)		( 55,120)
		---------		---------
Net current assets			137,698		116,617
			---------		---------
Total assets less current liabilities			173,528		156,140

Creditors: Amounts falling due after more than one year	9		–		( 1,000)

Provisions

Taxation including deferred tax	( 5,168)	( 4,256)
	---------	---------
Net assets	168,360	150,884
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	168,260	150,784
	---------	---------
Shareholders funds	168,360	150,884
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Norfolk Granite Works Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 26 October 2026 , and are signed on behalf of the board by:

G Cowles	J Cowles
Director	Director

Company registration number: 11271494

Norfolk Granite Works Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company is 27a Hall Moor Road, Hingham, Norfolk, NR9 4LB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: The carrying value of stock is subject to estimate in determining the appropriate level of provision for slow moving or obsolete stock. The directors assess the value of stock at the reporting date by reference to their age, condition and estimated net realisable value. Provisions are recognised where the expected saleable value of stock is lower than its cost.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch 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 costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10 years straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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 asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of employees during the year was 4 (2025: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	75,000
	-------
Amortisation
At 1 April 2025	52,500
Charge for the year	7,500
	-------
At 31 March 2026	60,000
	-------
Carrying amount
At 31 March 2026	15,000
	-------
At 31 March 2025	22,500
	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	45,923	5,700	3,703	55,326
Additions	–	10,436	–	10,436
	-------	-------	------	-------
At 31 March 2026	45,923	16,136	3,703	65,762
	-------	-------	------	-------
Depreciation
At 1 April 2025	33,083	2,761	2,459	38,303
Charge for the year	3,210	3,108	311	6,629
	-------	-------	------	-------
At 31 March 2026	36,293	5,869	2,770	44,932
	-------	-------	------	-------
Carrying amount
At 31 March 2026	9,630	10,267	933	20,830
	-------	-------	------	-------
At 31 March 2025	12,840	2,939	1,244	17,023
	-------	-------	------	-------

7. Debtors

	2026	2025
	£	£
Trade debtors	14,900	24,863
Amounts owed by group undertakings	115,298	77,658
Other debtors	9,454	5,287
	---------	---------
	139,652	107,808
	---------	---------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	1,000	6,000
Trade creditors	9,776	3,113
Social security and other taxes	54,317	35,537
Other creditors	10,887	10,470
	-------	-------
	75,980	55,120
	-------	-------

9. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	1,000
	----	------

10. Related party transactions

At the reporting date, the Company had an outstanding balance of £115,298 due from a group company. The balance is interest-free, unsecured, and repayable on demand.