Gill Noble & Company Limited - Filleted accounts

Gill Noble & Company Limited
Registered number:		00747007
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		67,624			68,894

Current assets
Debtors	4	258,529			197,658
Cash at bank and in hand		833,339			871,941
		1,091,868			1,069,599

Creditors: amounts falling due within one year	5	(961,928)			(943,323)

Net current assets			129,940			126,276

Total assets less current liabilities			197,564			195,170

Creditors: amounts falling due after more than one year	6		(45,503)			(66,715)



Net assets			152,061			128,455

Capital and reserves
Called up share capital			1,000			1,000
Share premium			948			948
Profit and loss account			150,113			126,507

Shareholders' funds			152,061			128,455

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Paul H Farrant
Director
Approved by the board on 15 December 2025

Gill Noble & Company Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the value, net of insurance premium tax and discounts, of the commissions and fees receivable, credit being taken as premiums are settled to the insurers.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% on a reducing balance
	Motor vehicle	25% on a reducing balance

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			22		21


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	129,958		61,090		191,048
	Additions	21,270		-		21,270
	At 31 July 2025	151,228		61,090		212,318

	Depreciation
	At 1 August 2024	95,426		26,728		122,154
	Charge for the year	13,950		8,590		22,540
	At 31 July 2025	109,376		35,318		144,694

	Net book value
	At 31 July 2025	41,852		25,772		67,624
	At 31 July 2024	34,532		34,362		68,894


4	Debtors			2025		2024
£					£

	Trade debtors			247,823		169,394
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			5,064		23,064
	Other debtors			5,642		5,200
				258,529		197,658


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			12,995		13,221
	Trade creditors			855,607		819,083
	Corporation tax			38,739		49,214
	Other taxes and social security costs			20,170		42,674
	Other creditors			34,417		19,131
				961,928		943,323


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			45,503		66,715


7	Controlling party

	The company is controlled by Mr P H Farrant who, with family members, owns 100% of the issued share capital of the company.


8	Other information

	Gill Noble & Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	163 Welcomes Road
	Kenley
	CR8 5HB