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Registered Number: 12152896


 

 

 

NOBLE CONVENIENCE STORE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director Raqibulla Bashardoosht
Registered Number 12152896
Registered Office 110 Mullen Road
Wallsend
Tyne & Wear
NE28 9HA
Accountants Acumen Accounting
364 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9JY
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 August 2024.
Principal activities
Principal activity of the company during the financial year ended 31 August 2024 was of retail sale in non-specialised stores with food, beverages or tobacco predominating.
Directors
The directors who served the company throughout the year were as follows:
Raqibulla Bashardoosht
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Raqibulla Bashardoosht
Director

Date approved: 20 February 2025
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Acumen Accounting
31 August 2024



....................................................
Acumen Accounting
364 West Road
Newcastle Upon Tyne
Tyne & Wear
NE4 9JY
20 February 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 4 40,000    40,000 
Tangible fixed assets 5 143,399    133,580 
183,399    173,580 
Current assets      
Stocks 6 48,563    47,000 
Cash at bank and in hand 38,373    67,089 
86,936    114,089 
Creditors: amount falling due within one year 7 (169,255)   (184,082)
Net current assets (82,319)   (69,993)
 
Total assets less current liabilities 101,080    103,587 
Creditors: amount falling due after more than one year 8 (21,743)   (31,591)
Net assets 79,337    71,996 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 79,237    71,896 
Shareholders' funds 79,337    71,996 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 February 2025 and were signed on its behalf by:


-------------------------------
Raqibulla Bashardoosht
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 September 2022 100  55,846  55,946 
Profit for the year 37,850  37,850 
Total comprehensive income for the year 37,850  37,850 
Dividends (21,800) (21,800)
Total investments by and distributions to owners (21,800) (21,800)
At 31 August 2023 100  71,896  71,996 
At 01 September 2023 100  71,896  71,996 
Profit for the year 28,141  28,141 
Total comprehensive income for the year 28,141  28,141 
Dividends (20,800) (20,800)
Total investments by and distributions to owners (20,800) (20,800)
At 31 August 2024 100  79,237  79,337 
5
General Information
Noble Convenience Store Ltd is a private company, limited by shares, registered in , registration number 12152896, registration address 110 Mullen Road, Wallsend, Tyne & Wear, NE28 9HA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, 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:
Fixtures and Fittings 10% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 49,010    34,234 
49,010    34,234 
 
Average number of employees during the year Number   Number
Administration 1   
Sales 2    2 
 

3.

Average number of employees

Average number of employees during the year was 3 (2023 : 2).
4.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 September 2023 40,000    40,000 
Additions  
Disposals  
At 31 August 2024 40,000    40,000 
Net book values
At 31 August 2024 40,000    40,000 
At 31 August 2023 40,000    40,000 


5.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 September 2023 119,000      20,000    139,000 
Additions   13,267      13,267 
Disposals      
At 31 August 2024 119,000    13,267    20,000    152,267 
Depreciation
At 01 September 2023     5,420    5,420 
Charge for year   1,990    1,458    3,448 
On disposals      
At 31 August 2024   1,990    6,878    8,868 
Net book values
Closing balance as at 31 August 2024 119,000    11,277    13,122    143,399 
Opening balance as at 01 September 2023 119,000      14,580    133,580 


6.

Stocks

2024
£
  2023
£
Stocks 48,563    47,000 
48,563    47,000 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 3,234    2,111 
Corporation Tax 9,540    10,075 
Accrued Expenses 171   
Directors' Current Accounts 154,146    169,667 
VAT 2,164    2,229 
169,255    184,082 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 21,743    31,591 
21,743    31,591 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

6