Company Registration No. 05005186 (England and Wales)
Marble 4 Life ltd
Unaudited accounts
for the year ended 31 January 2020
Marble 4 Life ltd
Unaudited accounts
Contents
Marble 4 Life ltd
Company Information
for the year ended 31 January 2020
Company Number
05005186 (England and Wales)
Registered Office
56-58 Station Road
Leeds
W Yorkshire
LS15 7JY
Accountants
Arif Khan International Accountants Ltd
25 Whetley Lane
Bradford
W Yorkshire
BD8 9EH
Marble 4 Life ltd
Statement of financial position
as at 31 January 2020
Intangible assets
31,500
31,500
Tangible assets
1,166,279
640,019
Inventories
262,781
206,289
Cash at bank and in hand
2,559,306
2,862,837
Creditors: amounts falling due within one year
(660,138)
(786,958)
Net current assets
2,605,765
2,595,879
Total assets less current liabilities
3,803,544
3,267,398
Creditors: amounts falling due after more than one year
(96,962)
(66,500)
Provisions for liabilities
Deferred tax
(193,472)
(57,014)
Net assets
3,513,110
3,143,884
Called up share capital
1
1
Profit and loss account
3,513,109
3,143,883
Shareholders' funds
3,513,110
3,143,884
For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2020 and were signed on its behalf by
Mr A Hussain
Director
Company Registration No. 05005186
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2020
Marble 4 Life ltd is a private company, limited by shares, registered in England and Wales, registration number 05005186. The registered office is 56-58 Station Road, Leeds, W Yorkshire, LS15 7JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Lease hold improvements depreciated over 10 years.
Land & buildings
Over 150 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Written of over 5 years. Also leasehold written off over 10 years period.
Fixed and floating charges over the undertaking and all by HSBC.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2020
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Grants for a machine is spread over as per our depreciation policy.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 February 2019
50,000
35,000
85,000
At 31 January 2020
50,000
35,000
85,000
At 1 February 2019
50,000
3,500
53,500
At 31 January 2020
50,000
3,500
53,500
At 31 January 2020
-
31,500
31,500
At 31 January 2019
-
31,500
31,500
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2020
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2019
409,412
775,739
291,796
37,312
1,514,259
Additions
-
458,519
131,713
69,423
659,655
At 31 January 2020
409,412
1,234,258
423,509
106,735
2,173,914
At 1 February 2019
113,241
564,077
195,025
1,897
874,240
Charge for the year
-
84,106
32,568
16,721
133,395
At 31 January 2020
113,241
648,183
227,593
18,618
1,007,635
At 31 January 2020
296,171
586,075
195,916
88,117
1,166,279
At 31 January 2019
296,171
211,662
96,771
35,415
640,019
Raw materials
209,247
170,501
Finished goods
53,534
35,788
Accrued income and prepayments
300,000
235,079
Other debtors
143,816
78,632
8
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
37,173
28,520
Trade creditors
153,595
230,367
Taxes and social security
31,132
313,028
Proposed dividends
210,000
-
Loans from directors
-
52,643
Deferred income
120,227
158,657
9
Creditors: amounts falling due after more than one year
2020
2019
Deferred income
96,962
66,500
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2020
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
11
Operating lease commitments
2020
2019
At 31 January 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
6,322
6,720
Within two to five years
10,633
10,310
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
13
Average number of employees
During the year the average number of employees was 54 (2019: 49).
