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REGISTERED NUMBER: 09959829 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

WILF NOBLE RECYCLING LTD
TRADING AS
NOBLE RECYCLING AND SKIP HIRE

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILF NOBLE RECYCLING LTD
TRADING AS NOBLE RECYCLING AND SKIP HIRE

COMPANY INFORMATION
for the year ended 31 January 2022







DIRECTORS: J L Noble
Mrs L Noble





REGISTERED OFFICE: Sneaton Lane
Ruswarp
Whitby
North Yorkshire
YO22 5HL





REGISTERED NUMBER: 09959829 (England and Wales)

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

STATEMENT OF FINANCIAL POSITION
31 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 931,360 744,906

CURRENT ASSETS
Debtors 5 313,691 291,184
Cash at bank and in hand 611,593 425,951
925,284 717,135
CREDITORS
Amounts falling due within one year 6 1,188,773 494,874
NET CURRENT (LIABILITIES)/ASSETS (263,489 ) 222,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,871

967,167

CREDITORS
Amounts falling due after more than one year 7 (100,213 ) (126,057 )

PROVISIONS FOR LIABILITIES (178,251 ) (125,490 )
NET ASSETS 389,407 715,620

CAPITAL AND RESERVES
Called up share capital 210 210
Retained earnings 389,197 715,410
SHAREHOLDERS' FUNDS 389,407 715,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

STATEMENT OF FINANCIAL POSITION - continued
31 January 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 6 August 2022 and were signed on its behalf by:




J L Noble - Director



Mrs L Noble - Director


WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2022


1. STATUTORY INFORMATION

Wilf Noble Recycling 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
During the period under review and continuing to the date that the Financial Statements were approved, the Coronavirus (Covid-19) outbreak has caused extensive disruptions to businesses and economic activities globally. This has not had a significant impact on the company to the date of signing but the directors continue to monitor the situation.

The directors have considered the financial resources and commitments of the company, particularly in light of the Coronavirus outbreak, and concluded that they have sufficient resources to meet liabilities as they fall due. The directors therefore consider it appropriate to prepare the financial statements on the going concern basis.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any estimates or assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

Land and buildings- land not provided, buildings 2% on cost
Assets under construction- not provided until brought into use
Improvements to property- 10% on cost
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 20% on reducing balance
Computer equipment- 25% on cost

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2022


2. ACCOUNTING POLICIES - continued

Government grants
Grants are recognised using the accruals model. Revenue grants are recognised as other operating income on a systematic basis over the period in which the related costs for which the grants are intended to compensate are so recognised. Grants receivable as compensation for expenses or losses already incurred, or for the purpose of receiving immediate financial support, are recognised in other operating income in the period in which they become receivable.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

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.

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
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a sum of digits basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2021 - 19 ) .

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2022


4. PROPERTY, PLANT AND EQUIPMENT
Assets Improvements
under to Plant and
construction property machinery
£    £    £   
COST
At 1 February 2021 - 1,000 657,002
Additions 208,635 - 123,115
Disposals - - -
At 31 January 2022 208,635 1,000 780,117
DEPRECIATION
At 1 February 2021 - 433 233,359
Charge for year - 100 70,750
Eliminated on disposal - - -
At 31 January 2022 - 533 304,109
NET BOOK VALUE
At 31 January 2022 208,635 467 476,008
At 31 January 2021 - 567 423,643

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2021 1,070 497,245 2,840 1,159,157
Additions - 50,000 - 381,750
Disposals - (80,860 ) - (80,860 )
At 31 January 2022 1,070 466,385 2,840 1,460,047
DEPRECIATION
At 1 February 2021 399 178,057 2,003 414,251
Charge for year 100 58,947 323 130,220
Eliminated on disposal - (15,784 ) - (15,784 )
At 31 January 2022 499 221,220 2,326 528,687
NET BOOK VALUE
At 31 January 2022 571 245,165 514 931,360
At 31 January 2021 671 319,188 837 744,906

The net book value of property, plant and equipment includes £ 207,118 (2021 - £ 289,673 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 195,574 170,262
Amounts owed by group undertakings 104,396 104,396
Other debtors 13,721 16,526
313,691 291,184

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 74,821 56,965
Trade creditors 187,749 130,085
Amounts owed to group undertakings 581,300 -
Taxation and social security 102,296 106,358
Other creditors 242,607 201,466
1,188,773 494,874

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 100,213 126,057

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 175,034 183,022

Hire purchase creditors are secured on the underlying assets, together with fixed and floating charges covering all company property and undertaking.