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REGISTERED NUMBER: SC031809 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NOBLE BROTHERS (FRASERBURGH) LIMITED

NOBLE BROTHERS (FRASERBURGH) LIMITED (REGISTERED NUMBER: SC031809)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


NOBLE BROTHERS (FRASERBURGH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr M Smith





REGISTERED OFFICE: North Lane
Fraserburgh
AB43 9DL





REGISTERED NUMBER: SC031809 (Scotland)





ACCOUNTANTS: Bain Henry Reid
Chartered Accountants
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY

NOBLE BROTHERS (FRASERBURGH) LIMITED (REGISTERED NUMBER: SC031809)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,427 143,810

CURRENT ASSETS
Stocks 1,500 3,000
Debtors 5 49,359 81,848
Cash at bank 137,037 140,005
187,896 224,853
CREDITORS
Amounts falling due within one year 6 95,526 87,664
NET CURRENT ASSETS 92,370 137,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,797

280,999

PROVISIONS FOR LIABILITIES (4,386 ) (5,268 )

ACCRUALS AND DEFERRED INCOME (32,809 ) (34,885 )
NET ASSETS 188,602 240,846

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 184,602 236,846
188,602 240,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 May 2025 and were signed by:





Mr M Smith - Director


NOBLE BROTHERS (FRASERBURGH) LIMITED (REGISTERED NUMBER: SC031809)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Noble Brothers (Fraserburgh) Limited is a private company, limited by shares , registered in Scotland. 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.

In the opinion of the directors it would be prejudicial to the interests of the company to disclose information regarding turnover generated in different geographical markets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on 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.

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.

Government grants
Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated useful life of the relevant fixed assets. The grants shown in the balance sheet represent the total grants receivable to date less the amounts so far credited to the profit and loss account.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 33 ) .

NOBLE BROTHERS (FRASERBURGH) LIMITED (REGISTERED NUMBER: SC031809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 337,457 671,229 1,008,686
DEPRECIATION
At 1 January 2024 215,317 649,559 864,876
Charge for year 6,750 3,633 10,383
At 31 December 2024 222,067 653,192 875,259
NET BOOK VALUE
At 31 December 2024 115,390 18,037 133,427
At 31 December 2023 122,140 21,670 143,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,156 75,926
Other debtors 4,203 5,922
49,359 81,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,224 35,224
Taxation 4,685 4,968
Social security and other taxes 13,037 15,703
Pension Liability 2,003 1,750
Bounce Back Loan 16,725 26,725
Directors' loan accounts 1,852 294
Accruals 3,000 3,000
95,526 87,664

7. SECURED DEBTS

Bank loans and overdrafts are secured by a Floating charge over the assets of the company, and a Standard Security over property in North Lane Fraserburgh.

NOBLE BROTHERS (FRASERBURGH) LIMITED (REGISTERED NUMBER: SC031809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. DIRECTORS LOANS

The following advances and credits from a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr M Smith
Balance outstanding at start of year 294 113,529
Amounts advanced 1,558 6,440
Amounts repaid - (119,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,852 294

9. ULTIMATE CONTROLLING PARTY

Mr M Smith, a director, controls the company by a virtue of 100% controlling interest in issued share capital of the company.