Company Registration No. 08402215 (England and Wales)
NOBLE BOOKS SHOP LTD
Accounts
for the period from 1 March 2023 to 28 February 2024
NOBLE BOOKS SHOP LTD
Accounts
Contents
NOBLE BOOKS SHOP LTD
Statement of financial position
as at 28 February 2024
Tangible assets
56,161
48,628
Inventories
100,240
102,230
Cash at bank and in hand
12,958
10,739
Creditors: amounts falling due within one year
(160,187)
(185,020)
Net current liabilities
(46,148)
(47,864)
Called up share capital
300
300
Profit and loss account
9,713
464
Shareholders' funds
10,013
764
For the period ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
Raheel Habib
Director
Company Registration No. 08402215
NOBLE BOOKS SHOP LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
NOBLE BOOKS SHOP LTD is a private company, limited by shares, registered in England and Wales, registration number 08402215. The registered office is 226 GREEN STREET, FOREST GATE, LONDON, E7 8LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
45,000
-
1,585
3,770
50,355
Additions
-
691
8,394
1,238
10,323
At 28 February 2024
45,000
691
9,979
5,008
60,678
At 1 March 2023
-
-
571
1,156
1,727
Charge for the period
-
138
1,882
770
2,790
At 28 February 2024
-
138
2,453
1,926
4,517
At 28 February 2024
45,000
553
7,526
3,082
56,161
At 28 February 2023
45,000
-
1,014
2,614
48,628
NOBLE BOOKS SHOP LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,086
5,573
Other creditors
29,941
40,748
Loans from directors
122,325
138,199
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
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Average number of employees
During the period the average number of employees was 10 (2023: 16).