Nordic Living by Biehl Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC583143

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		41,578		7,053

			41,578		7,053
CURRENT ASSETS
Stock	6	270,954		305,093
Debtors	7	93,708		50,511
Cash at bank and in hand		3,538		11,993

		368,200		367,597
Creditors: Amounts Falling Due Within One Year	8	(463,314 )		(252,538 )

NET CURRENT ASSETS (LIABILITIES)			(95,114 )		115,059

TOTAL ASSETS LESS CURRENT LIABILITIES			(53,536 )		122,112

Creditors: Amounts Falling Due After More Than One Year	9		(16,149 )		(55,200 )

NET (LIABILITIES)/ASSETS			(69,685 )		66,912

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(69,785 )		66,812

SHAREHOLDERS' FUNDS			(69,685)		66,912

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Nordic Living by Biehl Limited

Balance Sheet (continued)

As At 31 December 2024

For the year 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 M Kleberg

Director

30 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Nordic Living by Biehl Limited is a private company, limited by shares, incorporated in Scotland, registered number SC583143 . The registered office is 185 Bruntsfield Place, Edinburgh, EH10 4DG.

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

The directors have carried out an assessment of the going concern position of the company, including consideration of the company's net liability position. With their continued support, the directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets relate to web design and hosting. They are amortised to profit and loss account over their estimated economic life of 5 years.

2.6. 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:

Leasehold	20% straight line
Motor Vehicles	25% straight line
Computer Equipment	50% straight line

2.7. 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.

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Nordic Living by Biehl Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. 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.

2.9. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 7)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2024	15,000	1,675	16,675

As at 31 December 2024	15,000	1,675	16,675

Amortisation
As at 1 January 2024	15,000	1,675	16,675

As at 31 December 2024	15,000	1,675	16,675

Net Book Value
As at 31 December 2024	-	-	-

As at 1 January 2024	-	-	-

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Nordic Living by Biehl Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	10,060	24,510	9,567	44,137
Additions	42,519	-	1,016	43,535

As at 31 December 2024	52,579	24,510	10,583	87,672

Depreciation
As at 1 January 2024	10,060	17,872	9,152	37,084
Provided during the period	2,126	6,128	756	9,010

As at 31 December 2024	12,186	24,000	9,908	46,094

Net Book Value
As at 31 December 2024	40,393	510	675	41,578

As at 1 January 2024	-	6,638	415	7,053

6. Stock

	2024	2023
	£	£
Finished goods	270,954	305,093

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	24,873	22,050
Prepayments and accrued income	18,453	10,299
Other debtors	5,168	5,076
Directors' loan accounts	34,612	2,984
Amounts owed by related parties	10,602	10,102

	93,708	50,511

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Nordic Living by Biehl Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	140,923	43,956
Bank loans and overdrafts	83,337	36,529
Corporation tax	-	10,223
Other taxes and social security	2,950	3,734
VAT	53,498	60,671
Other creditors	155,559	2,501
Accruals and deferred income	-	452
Amounts owed to related parties	27,047	94,472

	463,314	252,538

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	16,149	55,200

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mrs Anne-Sofie Kleberg	1,492	15,814	-	-	17,306
Mr Mogens Kleberg	1,492	15,814	-	-	17,306

The above loan is unsecured, interest free and repayable on demand.

12. Related Party Transactions

As at 31 December 2024, the Company owed £27,047 to Nordic Studio by Biehl Limited, a company with common ownership (2023: £94,472).

As at 31 December 2024, the Company was owed £10,602 by Biehl Limited, a company with common ownership (2023: £10,102).

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