Acorah Software Products - Accounts Production 16.1.300 false true true false 17 May 2024 31 December 2024 31 December 2024 15726509 Mr Roeland Pelgrims Mr Stijn Verrept Goodwille Limited Nobi NV Generaal Lemanstraat 47/5th floor, 2018 Antwerpen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15726509 2024-05-16 15726509 2024-12-31 15726509 2024-05-17 2024-12-31 15726509 frs-core:CurrentFinancialInstruments 2024-12-31 15726509 frs-core:BetweenOneFiveYears 2024-12-31 15726509 frs-core:WithinOneYear 2024-12-31 15726509 frs-core:ShareCapital 2024-12-31 15726509 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15726509 frs-bus:PrivateLimitedCompanyLtd 2024-05-17 2024-12-31 15726509 frs-bus:FilletedAccounts 2024-05-17 2024-12-31 15726509 frs-bus:SmallEntities 2024-05-17 2024-12-31 15726509 frs-bus:AuditExempt-NoAccountantsReport 2024-05-17 2024-12-31 15726509 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-17 2024-12-31 15726509 1 2024-05-17 2024-12-31 15726509 frs-bus:Director1 2024-05-17 2024-12-31 15726509 frs-bus:Director2 2024-05-17 2024-12-31 15726509 frs-bus:CompanySecretary1 2024-05-17 2024-12-31 15726509 frs-countries:EnglandWales 2024-05-17 2024-12-31
Registered number: 15726509
Nobi Smart Lamps Limited
Unaudited Financial Statements
For the Period 17 May 2024 to 31 December 2024
Goodwille Limited
Nobi Smart Lamps Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Nobi Smart Lamps Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 15726509
31 December 2024
Notes £ £
CURRENT ASSETS
Stocks 4 78,280
Debtors 5 190,604
Cash at bank and in hand 8,833
277,717
Creditors: Amounts Falling Due Within One Year 6 (279,022 )
NET CURRENT ASSETS (LIABILITIES) (1,305 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,305 )
NET LIABILITIES (1,305 )
CAPITAL AND RESERVES
Called up share capital 7 1,000
Profit and Loss Account (2,305 )
SHAREHOLDERS' FUNDS (1,305)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Roeland Pelgrims
Director
29/09/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Nobi Smart Lamps Limited
Notes to the Financial Statements
For the Period 17 May 2024 to 31 December 2024
Notes to the Financial Statements
1. General Information
Nobi Smart Lamps Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15726509 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Though the Company is operating at a loss, the Directors have a reasonable expectation that the Company will continue to have access to adequate resources to continue in operational existence for the foreseeable future. The Directors have considered a letter of support from its immediate parent company stating that they will support the Company should it not be in a position to meet any repayment obligations. Thus, the Directors continue to adopt the going concern basis in preparing the annual financial statements.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Turnover
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans to and from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 2
Page 3
Nobi Smart Lamps Limited
Notes to the Financial Statements (continued)
For the Period 17 May 2024 to 31 December 2024
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.10. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.11. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.12. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.13. Disclosure of long or short period
The company was incorporated on 17 May 2024, preparing its first financial statements for the short period from this date to 31 December 2024. There are no comparatives as this is the first period of account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3
3
4. Stocks
31 December 2024
£
Stock 78,280
5. Debtors
31 December 2024
£
Due within one year
Prepayments and accrued income 2,024
VAT 1,485
Amounts owed by group undertakings 187,095
190,604
Page 3
Page 4
Nobi Smart Lamps Limited
Notes to the Financial Statements (continued)
For the Period 17 May 2024 to 31 December 2024
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 2,123
Other taxes and social security 6,306
Other creditors 1,404
Accruals and deferred income 27,134
Amounts owed to group undertakings 242,055
279,022
7. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 1,000
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2024
£
Not later than one year 11,970
Later than one year and not later than five years 28,928
40,898
9. Dividends
No dividends were proposed or paid during the period. 
10. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Nobi NV , incorporated in Belgium. Copies of the group accounts may be obtained from the secretary, Generaal Lemanstraat 47/5th floor, 2018 Antwerpen . The ultimate controlling party is Nobi NV who controls 100% of the shares of Nobi Smart Lamps Limited .
Page 4