Registered number
12960519
Noble Artis Pvt Ltd
Filleted Accounts
31 March 2023
Noble Artis Pvt Ltd
Registered number: 12960519
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 32,698 39,353
Current assets
Stocks 361,981 188,611
Debtors 4 2,051,229 1,876,601
Cash at bank and in hand 605,479 559,896
3,018,689 2,625,108
Creditors: amounts falling due within one year 5 (2,171,664) (2,243,415)
Net current assets 847,025 381,693
Net assets 879,723 421,046
Capital and reserves
Called up share capital 25,000 25,000
Profit and loss account 854,723 396,046
Shareholder's funds 879,723 421,046
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shriniwas Bajaj
Director
Approved by the board on 20 September 2023
Noble Artis Pvt Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducting balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 2,723 45,901 48,624
Additions 1,519 - 1,519
At 31 March 2023 4,242 45,901 50,143
Depreciation
At 1 April 2022 91 9,180 9,271
Charge for the year 830 7,344 8,174
At 31 March 2023 921 16,524 17,445
Net book value
At 31 March 2023 3,321 29,377 32,698
At 31 March 2022 2,632 36,721 39,353
4 Debtors 2023 2022
£ £
Trade debtors 2,005,032 1,872,788
Other debtors 46,197 3,813
2,051,229 1,876,601
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 17 484,249
Trade creditors 1,478,028 1,033,061
Taxation and social security costs 117,303 82,946
Other creditors 576,316 643,159
2,171,664 2,243,415
6 Related party transactions
During the period the company had sales of NIL, 2021 - (£380,981) to Aryan Trade Service Ltd and purchases of £Nil: 2021 - (£219,613) from Aryan Trade service Ltd. Expenses of £59,405 relating to purchase commission.

Other Creditors includes loan balance due to Aryan Trade Service Ltd of £215,025 at the year end. This loan is repayable on demand therefore no interest is charged.

Mr Bajaj's wife Mrs Pramila Bajaj is the Director and 100% shareholder of Aryan Trade Service Ltd.
7 Controlling party
The company is under the control of Mr Shriniwas Bajaj. He owns 100% share capital and is the Director of the company.
8 Other information
Noble Artis Pvt Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Cottage Close
Harrow
Middlesex
HA2 0HA
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