Noble Merchants Limited 31/03/2025 iXBRL

Company registration number: 05167531

Noble Merchants Limited

Unaudited filleted financial statements

31 March 2025

Noble Merchants Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Noble Merchants Limited

Directors and other information


	Directors	Mr Samir Khamar
		Mr Jayesh Khamar
		Mr Rajendra Khamar


	Secretary	Mr Jayesh Khamar


	Company number	05167531


	Registered office	Amba House, 4th Floor
		Kings Suite
		15 College Road
		Harrow, Middlesex
		HA1 1BA


	Business address	24 Spencer Road
		New Southgate
		London
		N11 1JX


	Accountants	Nagle James Associates Limited
		Amba House, 4th Floor
		Kings Suite,
		15 College Road,
		Harrow, Middlesex
		HA1 1BA




	Bankers	National Westminster Bank Plc
		P O Box 712
		94 Moorgate
		London
		EC2M 6UR

Noble Merchants Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	16,098		20,122
		_______		_______
			16,098		20,122

Current assets
Stocks		87,545		84,220
Debtors	6	356,869		150,884
Cash at bank and in hand		57,192		182,252
		_______		_______
		501,606		417,356
Creditors: amounts falling due
within one year	7	( 430,617)		( 332,001)
		_______		_______
Net current assets			70,989		85,355
			_______		_______
Total assets less current liabilities			87,087		105,477

Creditors: amounts falling due
after more than one year	8		( 83,505)		( 114,323)

Provisions for liabilities			( 3,058)		( 3,823)

			_______		_______
Net assets/(liabilities)			524		( 12,669)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			424		( 12,769)
			_______		_______
Shareholders funds/(deficit)			524		( 12,669)
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mr Samir Khamar

Director

Company registration number: 05167531

Noble Merchants Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Amba House, 4th Floor, Kings Suite, 15 College Road, Harrow, Middlesex, HA1 1BA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20% reducing balance
Motor vehicles	-	20% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	3,578	36,245	39,823
	_______	_______	_______
Depreciation
At 1 April 2024	2,571	17,130	19,701
Charge for the year	201	3,823	4,024
	_______	_______	_______
At 31 March 2025	2,772	20,953	23,725
	_______	_______	_______
Carrying amount
At 31 March 2025	806	15,292	16,098
	_______	_______	_______
At 31 March 2024	1,007	19,115	20,122
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	354,690	150,884
Prepayments and accrued income	2,179	-
	_______	_______
	356,869	150,884
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,648	10,648
Trade creditors	396,951	297,887
Accruals and deferred income	2,860	3,170
Corporation tax	4,610	-
Social security and other taxes	3,828	7,270
Director loan accounts	11,720	13,026
	_______	_______
	430,617	332,001
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	3,274	13,425
Other creditors	80,231	100,898
	_______	_______
	83,505	114,323
	_______	_______

Bank loan is the loan received under Coronavirus Business Interruption Loan (CBIL) of £50,000 for a period of 5 years.

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Samir Khamar	( 29,196)	10,159	( 19,037)
	Mr Jayesh Khamar	( 71,702)	10,508	( 61,194)
	Mr Rajendra Khamar	( 13,026)	1,306	( 11,720)
		_______	_______	_______
		( 113,924)	21,973	( 91,951)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Samir Khamar	( 28,465)	( 731)	( 29,196)
	Mr Jayesh Khamar	( 65,637)	( 6,065)	( 71,702)
	Mr Rajendra Khamar	-	( 13,026)	( 13,026)
		_______	_______	_______
		( 94,102)	( 19,822)	( 113,924)
		_______	_______	_______