Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3122023-02-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13846908 2023-02-01 2024-01-31 13846908 2022-01-13 2023-01-31 13846908 2024-01-31 13846908 2023-01-31 13846908 c:Director1 2023-02-01 2024-01-31 13846908 c:Director2 2023-02-01 2024-01-31 13846908 c:RegisteredOffice 2023-02-01 2024-01-31 13846908 d:PlantMachinery 2023-02-01 2024-01-31 13846908 d:PlantMachinery 2024-01-31 13846908 d:PlantMachinery 2023-01-31 13846908 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13846908 d:ComputerEquipment 2023-02-01 2024-01-31 13846908 d:ComputerEquipment 2024-01-31 13846908 d:ComputerEquipment 2023-01-31 13846908 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13846908 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13846908 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 13846908 d:FreeholdInvestmentProperty 2024-01-31 13846908 d:FreeholdInvestmentProperty 2023-01-31 13846908 d:CurrentFinancialInstruments 2024-01-31 13846908 d:CurrentFinancialInstruments 2023-01-31 13846908 d:Non-currentFinancialInstruments 2024-01-31 13846908 d:Non-currentFinancialInstruments 2023-01-31 13846908 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13846908 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13846908 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13846908 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13846908 d:ShareCapital 2024-01-31 13846908 d:ShareCapital 2023-01-31 13846908 d:RetainedEarningsAccumulatedLosses 2024-01-31 13846908 d:RetainedEarningsAccumulatedLosses 2023-01-31 13846908 c:FRS102 2023-02-01 2024-01-31 13846908 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13846908 c:FullAccounts 2023-02-01 2024-01-31 13846908 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13846908 d:HirePurchaseContracts d:WithinOneYear 2024-01-31 13846908 d:HirePurchaseContracts d:WithinOneYear 2023-01-31 13846908 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-01-31 13846908 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-01-31 13846908 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 13846908







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


NOAKES INCORPORATING LTD






































img1cc1.png                        

 


NOAKES INCORPORATING LTD
 


 
COMPANY INFORMATION


Directors
D Noakes 
J Noakes 




Registered number
13846908



Registered office
182 Goddington Lane
Orpington

BR6 9DH




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


NOAKES INCORPORATING LTD
REGISTERED NUMBER:13846908



BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,330
10,995

Investment property
 5 
608,794
429,857

  
616,124
440,852

Current assets
  

Stocks
  
608,794
429,857

Debtors: amounts falling due within one year
 6 
57,630
17,830

Cash at bank and in hand
  
14,767
22,047

  
681,191
469,734

Creditors: amounts falling due within one year
 7 
(1,431,289)
(932,861)

Net current liabilities
  
 
 
(750,098)
 
 
(463,127)

Total assets less current liabilities
  
(133,974)
(22,275)

Creditors: amounts falling due after more than one year
 8 
(5,158)
(7,089)

  

Net liabilities
  
(139,132)
(29,364)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(139,232)
(29,464)

  
(139,132)
(29,364)


Page 1

 


NOAKES INCORPORATING LTD
REGISTERED NUMBER:13846908


    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2024.




D Noakes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


NOAKES INCORPORATING LTD
 


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

1.


General information

Noakes Incoporating Ltd is a private company, limited by shares, registered in England and Wales, company registration number 13846908. The registered office is stated on the company information page. There is no principle place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 


NOAKES INCORPORATING LTD
 


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

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Computer equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors, and derived from the current
market rents and investment property yields for comparable real estate, adjusted if necessary for any difference
in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are
recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


NOAKES INCORPORATING LTD
 


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

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
13,454
1,207
14,661



At 31 January 2024

13,454
1,207
14,661



Depreciation


At 1 February 2023
3,364
302
3,666


Charge for the year on owned assets
3,364
301
3,665



At 31 January 2024

6,728
603
7,331



Net book value



At 31 January 2024
6,726
604
7,330



At 31 January 2023
10,090
905
10,995


5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
429,857


Additions at cost
178,937



At 31 January 2024
608,794

The investment property is held at cost at the year end as the property is currently within development.














Page 5

 


NOAKES INCORPORATING LTD
 


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

6.


Debtors

2024
2023
£
£


Other debtors
55,926
17,288

Prepayments and accrued income
1,704
542

57,630
17,830



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
8,708
-

Bank loans
1,065,236
528,055

Other loans
25,000
-

Trade creditors
25,813
36,614

Obligations under finance lease and hire purchase contracts
2,814
3,696

Other creditors
298,221
355,446

Accruals and deferred income
5,497
9,050

1,431,289
932,861


The loan is secured against the assets of the company.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
5,158
7,089

5,158
7,089



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,814
3,696

Between 1-5 years
5,158
7,089

7,972
10,785

Page 6

 


NOAKES INCORPORATING LTD
 


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

10.


Related party transactions

Included within other creditors are amounts totalling £296,533 (2023: £355,546) owed to the directors. These loans are interest free and repayable on demand.

 
Page 7