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REGISTERED NUMBER: 01945617 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Nobisco Limited

Nobisco Limited (Registered number: 01945617)






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


Nobisco Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A R Morrison
DT Marshall
M A Beaman





SECRETARY: A R Morrison





REGISTERED OFFICE: 20 Gavin Way
Nexus Point
Holford Broadlands
Birmingham
West Midlands
B6 7AF





REGISTERED NUMBER: 01945617 (England and Wales)





ACCOUNTANTS: Locke Williams Associates LLP
Chartered Accountants
c/o Blackthorn House
St Pauls Square
Birmingham
West Midlands
B3 1RL

Nobisco Limited (Registered number: 01945617)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 36,763
Tangible assets 5 163,097 166,644
163,097 203,407

CURRENT ASSETS
Stocks 669,976 641,380
Debtors 6 2,624,560 2,570,131
Cash at bank and in hand 3,171,397 2,644,154
6,465,933 5,855,665
CREDITORS
Amounts falling due within one year 7 1,476,113 1,645,394
NET CURRENT ASSETS 4,989,820 4,210,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,152,917

4,413,678

PROVISIONS FOR LIABILITIES 1,879 4,583
NET ASSETS 5,151,038 4,409,095

CAPITAL AND RESERVES
Called up share capital 9 1,100 1,100
Retained earnings 5,149,938 4,407,995
SHAREHOLDERS' FUNDS 5,151,038 4,409,095

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 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.

Nobisco Limited (Registered number: 01945617)

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 Board of Directors and authorised for issue on 13 June 2024 and were signed on its behalf by:




A R Morrison - Director DT Marshall - Director




M A Beaman - Director


Nobisco Limited (Registered number: 01945617)

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

1. STATUTORY INFORMATION

Nobisco 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.

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.

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

The policies adopted for the recognition of turnover are as follows:

Sale of goodsTurnover from the sale of goods is recognised when significant risks and
rewards of ownership of the goods have transferred to the buyer, the amount of
turnover can be measured reliably, it is probable that the economic benefits
associated with the transaction will flow to the company and the costs incurred or
to be incurred in respect of the transaction can be measured reliably. This is
usually on dispatch.

Goodwill
Goodwill represents the excess of cost of acquisition over the fair value of the separable net assets of businesses acquired. Goodwill is amortised through the profit and loss account in equal instalments over its useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the period of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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


Nobisco Limited (Registered number: 01945617)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 33 (2023 - 34 ) .

Nobisco Limited (Registered number: 01945617)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 363,898
AMORTISATION
At 1 April 2023 327,135
Charge for year 36,763
At 31 March 2024 363,898
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 36,763

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 36,530 100,383 16,981
Additions - 34,085 -
At 31 March 2024 36,530 134,468 16,981
DEPRECIATION
At 1 April 2023 36,530 93,352 16,981
Charge for year - 10,827 -
At 31 March 2024 36,530 104,179 16,981
NET BOOK VALUE
At 31 March 2024 - 30,289 -
At 31 March 2023 - 7,031 -

Nobisco Limited (Registered number: 01945617)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 413,580 271,542 839,016
Additions 41,984 4,166 80,235
At 31 March 2024 455,564 275,708 919,251
DEPRECIATION
At 1 April 2023 270,733 254,776 672,372
Charge for year 61,267 11,688 83,782
At 31 March 2024 332,000 266,464 756,154
NET BOOK VALUE
At 31 March 2024 123,564 9,244 163,097
At 31 March 2023 142,847 16,766 166,644

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 974,397 1,020,614
Amounts owed by participating interests 1,524,480 1,416,422
Other debtors 30,618 44,272
Directors' current accounts 3,577 268
Prepayments and accrued income 91,488 88,555
2,624,560 2,570,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 952,262 1,296,767
Tax 265,374 151,994
Social security and other taxes 27,814 27,044
VAT 148,688 140,641
Other creditors 9,854 19,950
Wages control account 5,696 5,148
Accruals and deferred income 66,425 3,850
1,476,113 1,645,394

8. SECURED DEBTS

Amounts due under hire purchase agreements are secured against the assets purchased.

Nobisco Limited (Registered number: 01945617)

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

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,100 Ordinary shares £1 1,100 1,100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A R Morrison
Balance outstanding at start of year 169 189
Amounts advanced 42,136 169
Amounts repaid (39,000 ) (189 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,305 169

DT Marshall
Balance outstanding at start of year 100 1,556
Amounts advanced 174 100
Amounts repaid - (1,556 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 274 100

M A Beaman
Balance outstanding at start of year - 355
Amounts repaid - (355 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

The company leases two properties for £146,000 per annum from two companies under common control. The rentals are at a commercial rate as was determined at the time the leases commenced. The arrangements are covered by a lease which has an initial rental period of five years.

The company has charged loan interest totalling £69,058 (2023 - £46,383) to companies under common control.

The aggregate amounts due to this company from those companies at 31 March 2024 is £1,524,480 (2023 - £1,416,422) as detailed in note 6.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A R Morrison.