Company Registration No. 05005186 (England and Wales)
Marble 4 Life ltd
Unaudited accounts
for the year ended 31 January 2018
Marble 4 Life ltd
Unaudited accounts
Contents
Marble 4 Life ltd
Company Information
for the year ended 31 January 2018
Directors
Mr N A Mahboob
Mr A Hussain
Mr W Mahboob
Company Number
05005186 (England and Wales)
Registered Office
56-58 Station Road
Leeds
W Yorkshire
LS15 7JY
Accountants
Arif Khan International Accountants Ltd
96a Heaton Road
BRADFORD
W YORKSHIRE
BD9 4RJ
Marble 4 Life ltd
Statement of financial position
as at 31 January 2018
Intangible assets
41,500
20,000
Tangible assets
684,524
603,290
Inventories
186,178
175,914
Cash at bank and in hand
2,340,853
1,742,512
Creditors: amounts falling due within one year
(930,850)
(821,180)
Net current assets
1,997,956
1,540,053
Total assets less current liabilities
2,723,980
2,163,343
Provisions for liabilities
Deferred tax
(62,612)
(43,511)
Net assets
2,661,368
2,119,832
Called up share capital
1
1
Profit and loss account
2,661,367
2,119,831
Shareholders' funds
2,661,368
2,119,832
For the year ending 31 January 2018 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 directors acknowledge their 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.
Approved by the Board on 20 September 2018.
Mr A Hussain
Director
Company Registration No. 05005186
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2018
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 100 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.
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 2018
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 2017
50,000
-
50,000
At 31 January 2018
50,000
35,000
85,000
At 1 February 2017
30,000
-
30,000
Charge for the year
10,000
3,500
13,500
At 31 January 2018
40,000
3,500
43,500
At 31 January 2018
10,000
31,500
41,500
At 31 January 2017
20,000
-
20,000
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2018
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2017
409,412
641,938
228,708
1,280,058
Additions
-
133,801
63,088
196,889
At 31 January 2018
409,412
775,739
291,796
1,476,947
At 1 February 2017
95,804
437,299
143,665
676,768
Charge for the year
9,260
79,228
27,167
115,655
At 31 January 2018
105,064
516,527
170,832
792,423
At 31 January 2018
304,348
259,212
120,964
684,524
At 31 January 2017
313,608
204,639
85,043
603,290
Finished goods
186,178
175,914
Trade debtors
17,944
16,534
Accrued income and prepayments
156,000
60,000
Other debtors
227,831
366,273
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
6,535
6,200
Trade creditors
290,948
349,762
Taxes and social security
290,539
296,667
Other creditors
89,134
43,100
Deferred income
253,694
125,451
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
Marble 4 Life ltd
Notes to the Accounts
for the year ended 31 January 2018
10
Operating lease commitments
2018
2017
At 31 January 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
6,056
3,295
Within two to five years
5,922
2,340
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
12
Average number of employees
During the year the average number of employees was 54 (2017: 47).
