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NOBERNE SEALS LIMITED

Registered Number
02169649
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

NOBERNE SEALS LIMITED
Company Information
for the year from 1 February 2024 to 31 January 2025

Directors

CURLE, Karen Anne
WATSON, Darren Peter

Registered Address

Noberne House Larchfield Road
Hunslet
Leeds
LS10 1QP

Registered Number

02169649 (England and Wales)
NOBERNE SEALS LIMITED
Statement of Financial Position
31 January 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets320,746-
Tangible assets418,04721,868
38,79321,868
Current assets
Stocks155,301137,804
Debtors5256,203200,013
Cash at bank and on hand161,48182,426
572,985420,243
Creditors amounts falling due within one year6(367,836)(195,664)
Net current assets (liabilities)205,149224,579
Total assets less current liabilities243,942246,447
Provisions for liabilities7(7,000)(7,000)
Net assets236,942239,447
Capital and reserves
Called up share capital100100
Profit and loss account236,842239,347
Shareholders' funds236,942239,447
The financial statements were approved and authorised for issue by the Board of Directors on 8 April 2025, and are signed on its behalf by:
CURLE, Karen Anne
Director
Registered Company No. 02169649
NOBERNE SEALS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of websites has been set at 10 years and the asset will be amortised on a straight line basis over that period.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Vehicles25-
Office Equipment-5
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, 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 the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20252024
Average number of employees during the year78
3.Intangible assets

Other

Total

££
Cost or valuation
Additions20,92020,920
At 31 January 2520,92020,920
Amortisation and impairment
Charge for year174174
At 31 January 25174174
Net book value
At 31 January 2520,74620,746
At 31 January 24--
4.Tangible fixed assets

Land & buildings

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 February 2422,7829,81912,02044,621
At 31 January 2522,7829,81912,02044,621
Depreciation and impairment
At 01 February 247,0597,0468,64822,753
Charge for year2,0636931,0653,821
At 31 January 259,1227,7399,71326,574
Net book value
At 31 January 2513,6602,0802,30718,047
At 31 January 2415,7232,7733,37221,868
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables250,831196,430
Other debtors2,689-
Prepayments and accrued income2,6833,583
Total256,203200,013
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables285,700127,978
Taxation and social security29,69228,943
Other creditors10,50220,892
Accrued liabilities and deferred income41,94217,851
Total367,836195,664
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)7,0007,000
Total7,0007,000
8.Pension commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £10,475 (2024 - £433) were due to the fund. They are included in other creditors.
9.Operating lease commitments
At 31 January 2025 the company had future minimum lease payments under non-cancellable operating leases for each of the following periods: Not later than 1 year £30,000 (2024 - £6,000) Later than 1 year and not later than 5 years £97,500 (2024 - £Nil)
10.Related party transactions
The company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the company are controlled within the group.
11.Controlling party
This company's parent undertaking and controlling party is KCDW Holdings Limited, a company registered in England and Wales, company number 15805631.
12.Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.