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REGISTERED NUMBER: 05835810 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SCOBLE LIMITED

SCOBLE LIMITED (REGISTERED NUMBER: 05835810)






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


SCOBLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C K Farnworth
Mr P A Quinlan





REGISTERED OFFICE: 5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF





REGISTERED NUMBER: 05835810 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

SCOBLE LIMITED (REGISTERED NUMBER: 05835810)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,423 19,948

CURRENT ASSETS
Stocks 72,699 69,299
Debtors 5 115,517 194,285
Cash at bank 127,779 80,074
315,995 343,658
CREDITORS
Amounts falling due within one year 6 45,145 58,322
NET CURRENT ASSETS 270,850 285,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,273

305,284

PROVISIONS FOR LIABILITIES 8,606 4,987
NET ASSETS 296,667 300,297

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 296,567 300,197
SHAREHOLDERS' FUNDS 296,667 300,297

SCOBLE LIMITED (REGISTERED NUMBER: 05835810)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 17 September 2024 and were signed on its behalf by:





Mr C K Farnworth - Director


SCOBLE LIMITED (REGISTERED NUMBER: 05835810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Scoble 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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 5 (2023 - 5 ) .

SCOBLE LIMITED (REGISTERED NUMBER: 05835810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 43,420 3,328 14,080 60,828
Additions 21,475 - - 21,475
Disposals (2,708 ) - - (2,708 )
At 31 March 2024 62,187 3,328 14,080 79,595
DEPRECIATION
At 1 April 2023 32,024 2,366 6,490 40,880
Charge for year 3,253 240 1,898 5,391
Eliminated on disposal (1,099 ) - - (1,099 )
At 31 March 2024 34,178 2,606 8,388 45,172
NET BOOK VALUE
At 31 March 2024 28,009 722 5,692 34,423
At 31 March 2023 11,396 962 7,590 19,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,801 104,377
Other debtors 13,716 89,908
115,517 194,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,887 17,252
Taxation and social security 14,911 30,889
Other creditors 11,347 10,181
45,145 58,322

7. SECURED DEBTS

There is fixed and floating charge in the form of a debenture dated 14 June 2006 in favour of Calverton Factors Limited.

8. RELATED PARTY DISCLOSURES

At the balance sheet date the total due to the directors amounted to £7,245 (2023: £3,081). Interest has not been charged on the amounts due to the directors and there are no fixed terms of repayment.