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No description of principal activity
2021-08-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
08006734
2021-08-01
2022-07-31
08006734
2022-07-31
08006734
2021-07-31
08006734
2020-08-01
2021-07-31
08006734
2021-07-31
08006734
2020-07-31
08006734
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2022-07-31
08006734
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2021-08-01
2022-07-31
08006734
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2021-08-01
2022-07-31
08006734
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2022-07-31
08006734
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2021-07-31
08006734
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2022-07-31
08006734
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2021-07-31
08006734
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2022-07-31
08006734
core:ShareCapital
2021-07-31
08006734
core:RetainedEarningsAccumulatedLosses
2022-07-31
08006734
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2021-07-31
08006734
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2022-07-31
08006734
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2022-07-31
08006734
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2021-07-31
08006734
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2022-07-31
08006734
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2022-07-31
08006734
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2021-08-01
2022-07-31
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2021-08-01
2022-07-31
08006734
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2021-08-01
2022-07-31
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2022-07-31
08006734
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2021-07-31
08006734
bus:OrdinaryShareClass2
2022-07-31
08006734
bus:OrdinaryShareClass2
2021-07-31
08006734
bus:OrdinaryShareClass3
2022-07-31
08006734
bus:OrdinaryShareClass3
2021-07-31
08006734
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2022-07-31
08006734
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2021-08-01
2022-07-31
COMPANY REGISTRATION NUMBER:
08006734
Noble Rail Consulting Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
Noble Rail Consulting Limited |
|
Abridged Financial Statements |
|
Year Ended 31 July 2022
Abridged statement of financial position |
1 to 2 |
|
|
Notes to the abridged financial statements |
3 to 6 |
|
|
Noble Rail Consulting Limited |
|
Abridged Statement of Financial Position |
|
31 July 2022
Fixed Assets
Tangible assets |
5 |
252,184 |
117,685 |
Investments |
6 |
75 |
75 |
|
--------- |
--------- |
|
252,259 |
117,760 |
|
|
|
|
Current Assets
Debtors |
244,456 |
237,295 |
Cash at bank and in hand |
5,337 |
30,943 |
|
--------- |
--------- |
|
249,793 |
268,238 |
|
|
|
Creditors: amounts falling due within one year |
321,814 |
265,775 |
|
--------- |
--------- |
Net Current (Liabilities)/Assets |
(
72,021) |
2,463 |
|
--------- |
--------- |
Total Assets Less Current Liabilities |
180,238 |
120,223 |
|
|
|
Creditors: amounts falling due after more than one year |
58,343 |
89,040 |
|
|
|
Provisions
Taxation including deferred tax |
18,103 |
13,389 |
|
--------- |
--------- |
Net Assets |
103,792 |
17,794 |
|
--------- |
--------- |
|
|
|
Capital and Reserves
Called up share capital |
7 |
1,000 |
1,000 |
Profit and loss account |
102,792 |
16,794 |
|
--------- |
-------- |
Shareholders Funds |
103,792 |
17,794 |
|
--------- |
-------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
Noble Rail Consulting Limited |
|
Abridged Statement of Financial Position (continued) |
|
31 July 2022
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2022 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
17 November 2023
, and are signed on behalf of the board by:
Company registration number:
08006734
Noble Rail Consulting Limited |
|
Notes to the Abridged Financial Statements |
|
Year Ended 31 July 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91 - 97 Saltergate, Chesterfield, Derbyshire, S40 1LA.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006
.
Revenue recognition
The turnover shown in the profit and loss account represents amounts earned during the period. Turnover is recognised in the profit and loss account when, and to the extent that, the company obtains a right to consideration in exchange for its performance. A right to consideration is obtained when some, but not all, of its contractual obligations have been fulfilled. Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance.
Income tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax
.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office, Fixtures & Fittings |
- |
15% reducing balance / 5% straight line |
|
Equipment |
- |
25% straight line |
|
|
|
|
Investments in associates
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in the profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date
.
Government grants
Government and local authority grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses
.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
3
).
5.
Tangible assets
|
£ |
Cost |
|
At 1 August 2021 |
129,717 |
Additions |
145,125 |
|
--------- |
At 31 July 2022 |
274,842 |
|
--------- |
Depreciation |
|
At 1 August 2021 |
12,032 |
Charge for the year |
10,626 |
|
--------- |
At 31 July 2022 |
22,658 |
|
--------- |
Carrying amount |
|
At 31 July 2022 |
252,184 |
|
--------- |
At 31 July 2021 |
117,685 |
|
--------- |
|
|
6.
Investments
|
£ |
Cost |
|
At 1 August 2021 and 31 July 2022 |
75 |
|
---- |
Impairment |
|
At 1 August 2021 and 31 July 2022 |
– |
|
---- |
Carrying amount |
|
At 31 July 2022 |
75 |
|
---- |
At 31 July 2021 |
75 |
|
---- |
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2022 |
2021 |
|
No. |
£ |
No. |
£ |
Ordinary A shares shares of £ 1 each |
500 |
500 |
500 |
500 |
Ordinary B shares shares of £ 1 each |
500 |
500 |
500 |
500 |
|
------- |
------- |
------- |
------- |
|
1,000 |
1,000 |
1,000 |
1,000 |
|
------- |
------- |
------- |
------- |
|
|
|
|
|
8.
Directors' advances, credits and guarantees
The company operated a loan account with the directors during the period. The summary of the movement for the year is as follows
:
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Balance brought forward |
146,122 |
145,162 |
|
Advances |
273,740 |
221,928 |
|
Repayments |
(273,677) |
(220,968) |
|
|
--------- |
--------- |
|
Balance carried forward |
146,186 |
146,122 |
|
|
--------- |
--------- |
|
|
|
|
9.
Related party transactions
Mr L W Noble
and Mrs L M Noble are directors of the company. During the year the company occupied premises owned by the directors and an amount of £624 has been paid to the directors as compensation for use of office facilities. The company owns 50% of the issued share capital of Stanway Consulting Limited, a company incorporated in England and Wales.
10.
Employees
The average monthly number of employees, including members, during the year was 2 (2021: 3).