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Harry Noblett (1996) Limited
Registered Number:NI031770
For the year ended 31 May 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 May 2024
Harry Noblett (1996) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI031770
As at 31 May 2024
Harry Noblett (1996) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
497,195
496,956
2
497,195
496,956
Current assets
Inventories
310,293
315,217
3
Trade and other receivables
6,676
11,200
4
75,570
Cash and cash equivalents
46,105
372,522
392,539
Trade and other payables: amounts falling due within one
year
(247,359)
(230,877)
5
145,180
141,645
Net current assets
Total assets less current liabilities
638,840
642,136
Trade and other payables: amounts falling due after more
than one year
(23,377)
(13,563)
6
(4,401)
-
Provisions for liabilities
620,876
Net assets
618,759
Capital and reserves
Called up share capital
3,285
3,285
Retained earnings
617,591
615,474
620,876
618,759
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Timothy Noblett Director
These financial statements were approved and authorised for issue by the Board on 03 October 2024 and were signed by:
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4
Registered Number :
NI031770
For the year ended 31 May 2024
Harry Noblett (1996) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 May 2024
Harry Noblett (1996) Limited
Notes to the Financial Statements
Statutory Information
Harry Noblett (1996) Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI031770.
Registered address:
137-141 North Street
Belfast
BT1 1NE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0%
Plant and Machinery
20% Reducing balance
20% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 May 2024
Harry Noblett (1996) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 June 2023
936,778
346,098
40,850
104,012
445,818
13,084
13,084
-
-
-
Additions
At 31 May 2024
104,012
40,850
359,182
949,862
445,818
Provision for depreciation and impairment
At 01 June 2023
439,822
317,564
37,070
85,188
-
Charge for year
12,845
8,324
756
3,765
-
At 31 May 2024
452,667
325,888
37,826
88,953
-
At 31 May 2024
Net book value
445,818
15,059
3,024
33,294
497,195
At 31 May 2023
445,818
18,824
3,780
28,534
496,956
3. Inventories
2023
2024
£
£
Stocks
315,217
310,293
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
2,656
Other debtors
11,200
4,020
6,676
11,200
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
179,977
193,065
Taxation and social security
22,872
23,344
Other creditors
18,028
20,950
230,877
247,359
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7
For the year ended 31 May 2024
Harry Noblett (1996) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
13,563
23,377
7. Average number of persons employed
During the year the average number of employees was 14 (2023 : 15)
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