Noncyp Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01315476

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,547		3,899

			4,547		3,899
CURRENT ASSETS
Stocks	5	45,272		40,747
Debtors	6	7,774		8,815
Cash at bank and in hand		808,829		702,348

		861,875		751,910
Creditors: Amounts Falling Due Within One Year	7	(83,923 )		(93,664 )

NET CURRENT ASSETS (LIABILITIES)			777,952		658,246

TOTAL ASSETS LESS CURRENT LIABILITIES			782,499		662,145

NET ASSETS			782,499		662,145

CAPITAL AND RESERVES
Called up share capital	8		100		100
Share premium account			3,000		3,000
Profit and Loss Account			779,399		659,045

SHAREHOLDERS' FUNDS			782,499		662,145

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Noncyp Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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

James MacSweeney

Director

04/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Noncyp Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01315476 . The registered office is Suite 1, 7th Floor , 50 Broadway, London, SW1H 0BL.

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. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.4. Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stock.

The valuation method is to estimate the value of stock sold based on an average discount percentage of 44%, adjusting for wastage, and deducting this amount from opening stock plus purchases.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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Noncyp Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	9,919	3,634	13,553
Additions	573	1,489	2,062

As at 31 March 2025	10,492	5,123	15,615

Depreciation
As at 1 April 2024	8,352	1,302	9,654
Provided during the period	627	787	1,414

As at 31 March 2025	8,979	2,089	11,068

Net Book Value
As at 31 March 2025	1,513	3,034	4,547

As at 1 April 2024	1,567	2,332	3,899

5. Stocks

	2025	2024
	£	£
Stock	45,272	40,747

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,890
Prepayments and accrued income	7,774	6,925

	7,774	8,815

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Noncyp Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	34,136	36,018
Corporation tax	39,896	47,962
Other taxes and social security	4,771	5,498
VAT	1,520	786
Accruals and deferred income	3,600	3,400

	83,923	93,664

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	27,700	27,700
Later than one year and not later than five years	110,800	110,800
Later than five years	92,333	120,033

	230,833	258,533

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