Company No: 08394621 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	378,463		165,738
		378,463		165,738
Current assets
Stocks		0		359,280
Debtors	4	674,517		11,451
Cash at bank and in hand		0		316,749
		674,517		687,480
Creditors: amounts falling due within one year	5	( 490,956)		( 510,999)
Net current assets		183,561		176,481
Total assets less current liabilities		562,024		342,219
Creditors: amounts falling due after more than one year	6	( 156,574)		( 105,323)
Provision for liabilities		( 42,290)		( 11,921)
Net assets		363,160		224,975
Capital and reserves
Called-up share capital		2		2
Profit and loss account		363,158		224,973
Total shareholders' funds		363,160		224,975

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Noble Construction Ltd (registered number: 08394621) were approved and authorised for issue by the Director on 05 November 2025. They were signed on its behalf by:

Kieran Stephen Noble Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Noble Construction Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 6 St. Merryn Airfield, Padstow, PL28 8PU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in construction, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	12		11

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 March 2024	0		539,586		0		539,586
Additions	102,874		449		165,025		268,348
At 28 February 2025	102,874		540,035		165,025		807,934
Accumulated depreciation
At 01 March 2024	0		373,848		0		373,848
Charge for the financial year	0		41,537		14,086		55,623
At 28 February 2025	0		415,385		14,086		429,471
Net book value
At 28 February 2025	102,874		124,650		150,939		378,463
At 29 February 2024	0		165,738		0		165,738

4. Debtors

	2025		2024
	£		£
Trade debtors	107,076		0
Other debtors	567,441		11,451
	674,517		11,451

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts (secured £ 10,460)	11,367		65,291
Trade creditors	204,490		301,269
Amounts owed to director	8,680		0
Accruals	6,600		0
Taxation and social security	141,841		134,814
Obligations under finance leases and hire purchase contracts (secured £32,731)	46,933		0
Other creditors	71,045		9,625
	490,956		510,999

Included within bank loans is £10,460 (2024: £65,291) of CBILS loan which is secured by the UK government.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,837		0
Obligations under finance leases and hire purchase contracts	154,737		105,323
	156,574		105,323

Included within bank loans is £1,837 of CBILS loan which is secured by the UK government.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	43,932		25,936
between one and five years	136,723		105,323
	180,655		131,259

8. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Director's Loan Account	0		3,869

Advances

During the year advances of £779 (2024: £3869) and repayments of £4,648 (2024: £0) were made within the directors loan account. Interest is charged on the loan, when overdrawn, at the HMRC effective rate of interest, if exceeding a balance of £10,000. At the balance sheet date, the Director owed the company £0 (2024: £3869). The loan is repayable on demand.