Marble & Granite Ltd
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Registered number: |
05901102
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Abbreviated Balance Sheet |
as at 31 March 2016
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Notes |
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2016 |
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2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
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42,378 |
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49,993 |
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Current assets |
Stocks |
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47,146 |
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19,396 |
Debtors |
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75,142 |
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142,424 |
Cash at bank and in hand |
|
|
297,919 |
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208,517 |
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420,207 |
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370,337 |
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Creditors: amounts falling due within one year |
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(139,317) |
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(166,887) |
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Net current assets |
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280,890 |
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203,450 |
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Net assets |
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323,268 |
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253,443 |
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Capital and reserves |
Called up share capital |
3 |
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|
100 |
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2 |
Profit and loss account |
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323,168 |
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253,441 |
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Shareholders' funds |
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323,268 |
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253,443 |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006, 'The Small Companies and Groups (Accounts and Directors' Report) Regulations 2008' and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Thomas Andrew Higham |
Director |
Approved by the board on 29 December 2016
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Marble & Granite Ltd
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Notes to the Abbreviated Financial Statements |
for the year ended 31 March 2016
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1 |
Accounting policies |
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Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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Depreciation |
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |
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Plant and machinery |
20% straight line
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Motor vehicles |
20% straight line
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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2 |
Tangible fixed assets |
£ |
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Cost |
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At 1 April 2015 |
149,003 |
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Additions |
2,904 |
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At 31 March 2016 |
151,907 |
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Depreciation |
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At 1 April 2015 |
99,010 |
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Charge for the year |
10,519 |
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At 31 March 2016 |
109,529 |
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Net book value |
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At 31 March 2016 |
42,378 |
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At 31 March 2015 |
49,993 |
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3 |
Share capital |
Nominal |
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2016 |
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2016 |
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2015 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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100 |
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100 |
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2 |
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