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REGISTERED NUMBER: SC228312 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Colin Noble (Ames Tapers) Ltd.

Colin Noble (Ames Tapers) Ltd. (Registered number: SC228312)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colin Noble (Ames Tapers) Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr C E Noble





REGISTERED OFFICE: 8 Burns Crescent
Fraserburgh
Aberdeenshire
AB43 7AG





REGISTERED NUMBER: SC228312 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

Colin Noble (Ames Tapers) Ltd. (Registered number: SC228312)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,570 11,424

CURRENT ASSETS
Debtors 5 6,601 18,292
Cash at bank 47,552 35,348
54,153 53,640
CREDITORS
Amounts falling due within one year 6 21,464 26,370
NET CURRENT ASSETS 32,689 27,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,259

38,694

PROVISIONS FOR LIABILITIES 3,908 2,170
NET ASSETS 49,351 36,524

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 48,251 35,424
SHAREHOLDERS' FUNDS 49,351 36,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Colin Noble (Ames Tapers) Ltd. (Registered number: SC228312)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr C E Noble - Director


Colin Noble (Ames Tapers) Ltd. (Registered number: SC228312)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Colin Noble (Ames Tapers) Ltd. is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Colin Noble (Ames Tapers) Ltd. (Registered number: SC228312)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 5,156 22,756 1,002 28,914
Additions - 19,498 - 19,498
Disposals - (11,595 ) - (11,595 )
At 31 March 2024 5,156 30,659 1,002 36,817
DEPRECIATION
At 1 April 2023 2,235 14,553 702 17,490
Charge for year 584 6,028 148 6,760
Eliminated on disposal - (8,003 ) - (8,003 )
At 31 March 2024 2,819 12,578 850 16,247
NET BOOK VALUE
At 31 March 2024 2,337 18,081 152 20,570
At 31 March 2023 2,921 8,203 300 11,424

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,704 17,832
Other debtors - 66
VAT 109 -
Prepayments 788 394
6,601 18,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 563 580
Tax 7,953 22,365
Social security and other taxes 2,044 -
VAT - 247
Other creditors 7,164 -
Directors' current accounts 1,560 780
Accrued expenses 2,180 2,398
21,464 26,370

7. RELATED PARTY DISCLOSURES

The director operates a current account with the company and as at 31st March 2024 the balance owing to him was £1,560 (2023: £780). There are no fixed terms of repayment and no interest is accrued.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C Noble and Mrs S Noble.