1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 68,582 51,483 11,316 62,799 5,783 17,099 xbrli:pure xbrli:shares iso4217:GBP 09612530 2023-06-01 2024-05-31 09612530 2024-05-31 09612530 2023-05-31 09612530 2022-06-01 2023-05-31 09612530 2023-05-31 09612530 2022-05-31 09612530 bus:Director1 2023-06-01 2024-05-31 09612530 core:AfterOneYear 2024-05-31 09612530 core:AfterOneYear 2023-05-31 09612530 core:WithinOneYear 2024-05-31 09612530 core:WithinOneYear 2023-05-31 09612530 core:ShareCapital 2024-05-31 09612530 core:ShareCapital 2023-05-31 09612530 core:RetainedEarningsAccumulatedLosses 2024-05-31 09612530 core:RetainedEarningsAccumulatedLosses 2023-05-31 09612530 bus:Director1 2023-05-31 09612530 bus:Director1 2024-05-31 09612530 bus:Director1 2022-05-31 09612530 bus:Director1 2023-05-31 09612530 bus:Director1 2022-06-01 2023-05-31 09612530 bus:SmallEntities 2023-06-01 2024-05-31 09612530 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09612530 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09612530 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09612530 bus:FullAccounts 2023-06-01 2024-05-31 09612530 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 09612530 core:FurnitureFittingsToolsEquipment 2024-05-31 09612530 core:FurnitureFittingsToolsEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 09612530
Noble Jester Group Limited
Filleted Unaudited Financial Statements
31 May 2024
Noble Jester Group Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
5,783
17,099
Current assets
Debtors
6
9,820
Cash at bank and in hand
4,641
16,734
--------
--------
14,461
16,734
Creditors: amounts falling due within one year
7
( 5,153)
( 12,333)
--------
--------
Net current assets
9,308
4,401
--------
--------
Total assets less current liabilities
15,091
21,500
Creditors: amounts falling due after more than one year
8
( 15,052)
( 16,409)
--------
--------
Net assets
39
5,091
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
37
5,089
----
-------
Shareholders funds
39
5,091
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Noble Jester Group Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 8 January 2025 , and are signed on behalf of the board by:
D Phibbs
Director
Company registration number: 09612530
Noble Jester Group Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 June 2023 and 31 May 2024
68,582
--------
Depreciation
At 1 June 2023
51,483
Charge for the year
11,316
--------
At 31 May 2024
62,799
--------
Carrying amount
At 31 May 2024
5,783
--------
At 31 May 2023
17,099
--------
6. Debtors
2024
2023
£
£
Trade debtors
8,167
Other debtors
1,653
-------
----
9,820
-------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
5,153
12,152
Other creditors
181
-------
--------
5,153
12,333
-------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,052
16,409
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D Phibbs
( 181)
1,834
1,653
----
-------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
D Phibbs
( 438)
257
( 181)
----
----
----