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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHARLES NOBEL LIMITED

CHARLES NOBEL LIMITED (REGISTERED NUMBER: 05456185)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES NOBEL LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: K Bollard
J Bollard
P Bollard





REGISTERED OFFICE: Unit 1, St Stephens Court
15 - 17 St Stephens Road
Bournemouth
Dorset
BH2 6LA





REGISTERED NUMBER: 05456185 (England and Wales)






CHARLES NOBEL LIMITED (REGISTERED NUMBER: 05456185)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 567 7,367
Tangible assets 5 48,990 63,901
Investments 6 4,800 4,800
54,357 76,068

CURRENT ASSETS
Stocks 268,884 263,537
Debtors 7 2,773 3,597
Cash at bank and in hand 343,178 410,610
614,835 677,744
CREDITORS
Amounts falling due within one year 8 (121,457 ) (153,581 )
NET CURRENT ASSETS 493,378 524,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,735

600,231

PROVISIONS FOR LIABILITIES 9 (11,986 ) (15,657 )
NET ASSETS 535,749 584,574

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 535,649 584,474
SHAREHOLDERS' FUNDS 535,749 584,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CHARLES NOBEL LIMITED (REGISTERED NUMBER: 05456185)

BALANCE SHEET - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




K Bollard - Director



P Bollard - Director


CHARLES NOBEL LIMITED (REGISTERED NUMBER: 05456185)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Charles Nobel 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.

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.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years from the transition date to FRS 102. Provision is made for any impairment.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 8 (2023 - 8 ) .

CHARLES NOBEL LIMITED (REGISTERED NUMBER: 05456185)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 68,000
AMORTISATION
At 1 May 2023 60,633
Charge for year 6,800
At 30 April 2024 67,433
NET BOOK VALUE
At 30 April 2024 567
At 30 April 2023 7,367

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 286,721 13,601 300,322
Additions 274 1,069 1,343
At 30 April 2024 286,995 14,670 301,665
DEPRECIATION
At 1 May 2023 223,538 12,883 236,421
Charge for year 15,676 578 16,254
At 30 April 2024 239,214 13,461 252,675
NET BOOK VALUE
At 30 April 2024 47,781 1,209 48,990
At 30 April 2023 63,183 718 63,901

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 4,800
NET BOOK VALUE
At 30 April 2024 4,800
At 30 April 2023 4,800

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,773 3,597

CHARLES NOBEL LIMITED (REGISTERED NUMBER: 05456185)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,329 97,215
Taxation and social security 63,607 52,427
Other creditors 3,521 3,939
121,457 153,581

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,986 15,657

Deferred
tax
£   
Balance at 1 May 2023 15,657
Provided during year (3,671 )
Balance at 30 April 2024 11,986

Deferred tax represents capital allowances in advance of depreciation.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100