Marble & Granite Tooling Supplies UK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08283192 (England and Wales)

MARBLE & GRANITE TOOLING SUPPLIES UK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

J D J Swain

M J Drewitt

SECRETARY:

Mrs J Swain

REGISTERED OFFICE:

Unit 7-9

17 Reddicap Trading Estate

Sutton Coldfield

West Midlands

B75 7BU

REGISTERED NUMBER:

08283192 (England and Wales)

ACCOUNTANTS:

Equus Miller Limited

Chartered Certified Accountants

Brook House

47 High Street

Henley in Arden

Warwickshire

B95 5AA

FIXED ASSETS

Tangible assets

4

22,106

-

CURRENT ASSETS

Stocks

5

21,250

19,438

Debtors

6

62,979

58,291

Cash at bank and in hand

15,061

22,015

99,290

99,744

CREDITORS

Amounts falling due within one year

7

45,128

46,363

NET CURRENT ASSETS

54,162

53,381

TOTAL ASSETS LESS CURRENT LIABILITIES

76,268

53,381

CREDITORS

Amounts falling due after more than one year

8

(18,152

)

-

PROVISIONS FOR LIABILITIES

(4,200

)

-

NET ASSETS

53,916

53,381

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

53,816

53,281

SHAREHOLDERS' FUNDS

53,916

53,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 August 2019 and were signed on its behalf by:

J D J Swain - Director

1.	STATUTORY INFORMATION

Marble & Granite Tooling Supplies UK Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

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.

Hire purchase and leasing commitments

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

period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

29,475

At 30 November 2018

29,475

DEPRECIATION

Charge for year

7,369

At 30 November 2018

7,369

NET BOOK VALUE

At 30 November 2018

22,106

5.

STOCKS

30/11/18

30/11/17

£

£

Stocks

21,250

19,438

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/18

30/11/17

£

£

Trade debtors

61,129

57,043

Prepayments

1,850

1,248

62,979

58,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/18

30/11/17

£

£

Hire purchase contracts

4,592

-

Trade creditors

11,290

10,295

Amounts owed to participating interests

2,007

1,854

Corporation tax payable

16,896

21,941

Social security & other taxes

21

27

VAT

2,049

5,046

Other creditors

754

4,490

Directors' loan accounts

5,359

567

Accrued expenses

2,160

2,143

45,128

46,363

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/18

30/11/17

£

£

Hire purchase contracts

18,152

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/18

30/11/17

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Marble & Granite Tooling Supplies UK Ltd for the year ended 30 November 2018

which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Marble & Granite Tooling Supplies UK Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marble & Granite Tooling Supplies UK Ltd and state those matters that we have agreed to state to the Board of Directors of Marble & Granite Tooling Supplies UK Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marble & Granite Tooling Supplies UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marble & Granite Tooling Supplies UK Ltd. You consider that Marble & Granite Tooling Supplies UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marble & Granite Tooling Supplies UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Equus Miller Limited

Chartered Certified Accountants

Brook House

47 High Street

Henley in Arden

Warwickshire

B95 5AA

29 August 2019