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Unaudited Financial Statements |
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for the Year Ended 31 March 2016 |
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for |
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Bath Granite & Marble Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2016 |
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for |
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Bath Granite & Marble Limited |
Bath Granite & Marble Limited (Registered number: 04293235) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2016 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Bath Granite & Marble Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Venture House |
Calne Road |
Lyneham |
Chippenham |
SN15 4PP |
Bath Granite & Marble Limited (Registered number: 04293235) |
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Statement of Financial Position |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors: amounts falling due within one
year |
5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Bath Granite & Marble Limited (Registered number: 04293235) |
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Statement of Financial Position - continued |
31 March 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Bath Granite & Marble Limited (Registered number: 04293235) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2016 |
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1. | STATUTORY INFORMATION |
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Bath Granite & Marble Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - | 25% on cost, 20% on reducing balance and 20% on cost |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the statement of financial position date. Transactions in foreign currencies are translated into sterling |
at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account |
in arriving at the operating result. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Bath Granite & Marble Limited (Registered number: 04293235) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
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COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Hire purchase contracts (see note 8) |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Hire purchase contracts (see note 8) |
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Bath Granite & Marble Limited (Registered number: 04293235) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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8. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase contracts |
31.3.16 | 31.3.15 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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Non-cancellable |
operating leases |
31.3.16 | 31.3.15 |
£ | £ |
Within one year | 18,000 | 18,000 |
Between one and five years | 72,000 | 72,000 |
In more than five years | - | 18,000 |
90,000 | 108,000 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.16 | 31.3.15 |
£ | £ |
Hire purchase contracts | 60,711 | 47,496 |
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The hire purchase liabilities are secured upon the assets to which they relate included in fixed assets. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary | £1 | 75 | 75 |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
31 March 2015: |
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31.3.16 | 31.3.15 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Bath Granite & Marble Limited (Registered number: 04293235) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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A loan existed at the beginning of the year to the Director, this was fully repaid and no further loans |
were advanced in the year. No interest has been charge to the Director. |
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12. | FIRST YEAR ADOPTION |
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The company has adopted FRS102 Schedule 1A early for the period commencing 1 April 2015. There |
have been no adjustments required as a result of the adoption of FRS102 Schedule 1A. |
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