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REGISTERED NUMBER: 13637228 (England and Wales)


Noble Premium Limited

Abridged Audited Financial Statements

for the period

22 September 2021 to 31 March 2022






Noble Premium Limited (Registered number: 13637228)






Contents of the Financial Statements
for the period 22 September 2021 to 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Noble Premium Limited

Company Information
for the period 22 September 2021 to 31 March 2022







DIRECTORS: S Cagin
C Agcagul



REGISTERED OFFICE: Unit A3 Circular Point
28 Hickman Avenue, Highams Park,
Chingford
London
E4 9JG



REGISTERED NUMBER: 13637228 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Altan Kemal FCA FCCA



AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Noble Premium Limited (Registered number: 13637228)

Abridged Balance Sheet
31 March 2022

Notes £    £   
FIXED ASSETS
Tangible assets 4 10,107

CURRENT ASSETS
Stocks 332,944
Debtors 313,274
Cash at bank and in hand 63,805
710,023
CREDITORS
Amounts falling due within one year 994,950
NET CURRENT LIABILITIES (284,927 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(274,820

)

PROVISIONS FOR LIABILITIES 5 1,920
NET LIABILITIES (276,740 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (276,840 )
SHAREHOLDERS' FUNDS (276,740 )

Noble Premium Limited (Registered number: 13637228)

Abridged Balance Sheet - continued
31 March 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 September 2022 and were signed on its behalf by:




S Cagin - Director



C Agcagul - Director


Noble Premium Limited (Registered number: 13637228)

Notes to the Financial Statements
for the period 22 September 2021 to 31 March 2022

1. STATUTORY INFORMATION

Noble Premium Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the customer takes delivery of the goods and is derived from the ordinary activities of the business. All turnover are derived from sales in the UK.

The accrual model is used in recognition of grants where grants are matched against the expenditure it is compensating for.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on a first in first out basis. Net realisable value is the selling price less any direct cost to sell.

Taxation
Taxation for the period 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.


Noble Premium Limited (Registered number: 13637228)

Notes to the Financial Statements - continued
for the period 22 September 2021 to 31 March 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 13,476
At 31 March 2022 13,476
DEPRECIATION
Charge for period 3,369
At 31 March 2022 3,369
NET BOOK VALUE
At 31 March 2022 10,107

5. PROVISIONS FOR LIABILITIES
£   
Deferred tax provision 1,920

Deferred
tax
£   
Excess cap. all. over depr. 1,920
Balance at 31 March 2022 1,920

Noble Premium Limited (Registered number: 13637228)

Notes to the Financial Statements - continued
for the period 22 September 2021 to 31 March 2022

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

7. OTHER FINANCIAL COMMITMENTS

The company is to pay a total annual rental fee of £5,616 under an operating lease agreement for the hire of Motor vehicles and other warehouse equipments.