IRIS Accounts Production v25.2.0.378 09959829 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099598292024-01-31099598292025-01-31099598292024-02-012025-01-31099598292023-01-31099598292023-02-012024-01-31099598292024-01-3109959829ns15:EnglandWales2024-02-012025-01-3109959829ns14:PoundSterling2024-02-012025-01-3109959829ns10:Director12024-02-012025-01-3109959829ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3109959829ns10:SmallEntities2024-02-012025-01-3109959829ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3109959829ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3109959829ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3109959829ns10:FullAccounts2024-02-012025-01-3109959829ns10:Director22024-02-012025-01-3109959829ns10:RegisteredOffice2024-02-012025-01-3109959829ns5:CurrentFinancialInstruments2025-01-3109959829ns5:CurrentFinancialInstruments2024-01-3109959829ns5:Non-currentFinancialInstruments2025-01-3109959829ns5:Non-currentFinancialInstruments2024-01-3109959829ns5:ShareCapital2025-01-3109959829ns5:ShareCapital2024-01-3109959829ns5:RetainedEarningsAccumulatedLosses2025-01-3109959829ns5:RetainedEarningsAccumulatedLosses2024-01-3109959829ns5:LeaseholdImprovements2024-01-3109959829ns5:PlantMachinery2024-01-3109959829ns5:FurnitureFittings2024-01-3109959829ns5:LeaseholdImprovements2024-02-012025-01-3109959829ns5:PlantMachinery2024-02-012025-01-3109959829ns5:FurnitureFittings2024-02-012025-01-3109959829ns5:LeaseholdImprovements2025-01-3109959829ns5:PlantMachinery2025-01-3109959829ns5:FurnitureFittings2025-01-3109959829ns5:LeaseholdImprovements2024-01-3109959829ns5:PlantMachinery2024-01-3109959829ns5:FurnitureFittings2024-01-3109959829ns5:MotorVehicles2024-01-3109959829ns5:ComputerEquipment2024-01-3109959829ns5:MotorVehicles2024-02-012025-01-3109959829ns5:ComputerEquipment2024-02-012025-01-3109959829ns5:MotorVehicles2025-01-3109959829ns5:ComputerEquipment2025-01-3109959829ns5:MotorVehicles2024-01-3109959829ns5:ComputerEquipment2024-01-3109959829ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3109959829ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3109959829ns5:Secured2025-01-3109959829ns5:Secured2024-01-31
REGISTERED NUMBER: 09959829 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WILF NOBLE RECYCLING LTD
TRADING AS
NOBLE RECYCLING AND SKIP HIRE

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILF NOBLE RECYCLING LTD
TRADING AS NOBLE RECYCLING AND SKIP HIRE

COMPANY INFORMATION
for the year ended 31 January 2025







DIRECTORS: J L Noble
Mrs L Noble





REGISTERED OFFICE: Bluebell Yard
Fairfield Way
Stainsacre Lane Industrial Estate
Whitby
North Yorkshire
YO22 4PU





REGISTERED NUMBER: 09959829 (England and Wales)

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

STATEMENT OF FINANCIAL POSITION
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 922,794 1,008,133

CURRENT ASSETS
Debtors 5 336,462 389,954
Cash at bank and in hand 211,528 124,042
547,990 513,996
CREDITORS
Amounts falling due within one year 6 955,688 894,791
NET CURRENT LIABILITIES (407,698 ) (380,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,096

627,338

CREDITORS
Amounts falling due after more than one year 7 (19,339 ) (57,189 )

PROVISIONS FOR LIABILITIES (230,657 ) (251,967 )
NET ASSETS 265,100 318,182

CAPITAL AND RESERVES
Called up share capital 210 210
Retained earnings 264,890 317,972
SHAREHOLDERS' FUNDS 265,100 318,182

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

STATEMENT OF FINANCIAL POSITION - continued
31 January 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 21 August 2025 and were signed on its behalf by:





J L Noble - Director


WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2025


1. STATUTORY INFORMATION

Wilf Noble Recycling Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any estimates or assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset overs its estimated useful life.

Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 20% on reducing balance
Computer equipment- 25% on cost

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.


WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a sum of digits basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 1,000 1,213,423 30,988
Additions - 59,260 -
Disposals - (4,000 ) -
At 31 January 2025 1,000 1,268,683 30,988
DEPRECIATION
At 1 February 2024 733 441,445 3,199
Charge for year 100 120,195 4,168
Eliminated on disposal - (50 ) -
At 31 January 2025 833 561,590 7,367
NET BOOK VALUE
At 31 January 2025 167 707,093 23,621
At 31 January 2024 267 771,978 27,789

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025


4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 505,385 7,830 1,758,626
Additions 27,900 304 87,464
Disposals - - (4,000 )
At 31 January 2025 533,285 8,134 1,842,090
DEPRECIATION
At 1 February 2024 302,924 2,192 750,493
Charge for year 42,659 1,731 168,853
Eliminated on disposal - - (50 )
At 31 January 2025 345,583 3,923 919,296
NET BOOK VALUE
At 31 January 2025 187,702 4,211 922,794
At 31 January 2024 202,461 5,638 1,008,133

The net book value of property, plant and equipment includes £ 130,396 (2024 - £ 189,542 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 308,213 311,202
Amounts owed by group undertakings - 52,537
Other debtors 28,249 26,215
336,462 389,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 269,819 556,091
Hire purchase contracts 37,850 64,187
Trade creditors 39,969 61,812
Amounts owed to group undertakings 369,731 -
Taxation and social security 204,328 131,055
Other creditors 33,991 81,646
955,688 894,791

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 19,339 57,189

WILF NOBLE RECYCLING LTD (REGISTERED NUMBER: 09959829)
TRADING AS NOBLE RECYCLING AND SKIP HIRE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025


8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 269,819 556,091
Hire purchase contracts 57,189 121,376
327,008 677,467

Hire purchase creditors are secured on the underlying assets, together with fixed and floating charges covering all company property and undertaking.

The Bank loan facility is secured by a legal mortgage over property owned by the group and a fixed charge over other fixed assets owned by the company.