ML Noah's Ark Limited 12579471 false 2024-11-01 2025-10-31 2025-10-31 The principal activity of the company is the provision of veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true 12579471 2024-11-01 2025-10-31 12579471 2025-10-31 12579471 bus:Director1 1 2025-10-31 12579471 bus:OrdinaryShareClass1 2025-10-31 12579471 bus:OrdinaryShareClass2 2025-10-31 12579471 bus:OrdinaryShareClass3 2025-10-31 12579471 bus:OrdinaryShareClass4 2025-10-31 12579471 bus:Consolidated 2025-10-31 12579471 core:AcceleratedTaxDepreciationDeferredTax 2025-10-31 12579471 core:OtherDeferredTax 2025-10-31 12579471 core:TaxLossesCarry-forwardsDeferredTax 2025-10-31 12579471 core:RetainedEarningsAccumulatedLosses 2025-10-31 12579471 core:ShareCapital 2025-10-31 12579471 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-10-31 12579471 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-10-31 12579471 core:CurrentFinancialInstruments 2025-10-31 12579471 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 12579471 core:Non-currentFinancialInstruments 2025-10-31 12579471 core:Non-currentFinancialInstruments core:AfterOneYear 2025-10-31 12579471 core:BetweenTwoFiveYears 2025-10-31 12579471 core:MoreThanFiveYears 2025-10-31 12579471 core:WithinOneYear 2025-10-31 12579471 core:FurnitureFittingsToolsEquipment 2025-10-31 12579471 core:LandBuildings 2025-10-31 12579471 bus:SmallEntities 2024-11-01 2025-10-31 12579471 bus:Audited 2024-11-01 2025-10-31 12579471 bus:FilletedAccounts 2024-11-01 2025-10-31 12579471 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 12579471 bus:RegisteredOffice 2024-11-01 2025-10-31 12579471 bus:Director1 2024-11-01 2025-10-31 12579471 bus:Director1 1 2024-11-01 2025-10-31 12579471 bus:Director3 2024-11-01 2025-10-31 12579471 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 12579471 bus:OrdinaryShareClass2 2024-11-01 2025-10-31 12579471 bus:OrdinaryShareClass3 2024-11-01 2025-10-31 12579471 bus:OrdinaryShareClass4 2024-11-01 2025-10-31 12579471 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 12579471 bus:Agent1 2024-11-01 2025-10-31 12579471 core:ComputerEquipment 2024-11-01 2025-10-31 12579471 core:FurnitureFittings 2024-11-01 2025-10-31 12579471 core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 12579471 core:LandBuildings 2024-11-01 2025-10-31 12579471 core:LeaseholdImprovements 2024-11-01 2025-10-31 12579471 core:PlantMachinery 2024-11-01 2025-10-31 12579471 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-11-01 2025-10-31 12579471 countries:EnglandWales 2024-11-01 2025-10-31 12579471 2024-10-31 12579471 bus:Director1 1 2024-10-31 12579471 core:FurnitureFittingsToolsEquipment 2024-10-31 12579471 core:LandBuildings 2024-10-31 12579471 2023-11-01 2024-10-31 12579471 2024-10-31 12579471 bus:Director1 1 2024-10-31 12579471 bus:OrdinaryShareClass1 2024-10-31 12579471 bus:OrdinaryShareClass2 2024-10-31 12579471 bus:OrdinaryShareClass3 2024-10-31 12579471 bus:OrdinaryShareClass4 2024-10-31 12579471 core:AcceleratedTaxDepreciationDeferredTax 2024-10-31 12579471 core:OtherDeferredTax 2024-10-31 12579471 core:TaxLossesCarry-forwardsDeferredTax 2024-10-31 12579471 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-10-31 12579471 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-10-31 12579471 core:CurrentFinancialInstruments 2024-10-31 12579471 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12579471 core:Non-currentFinancialInstruments 2024-10-31 12579471 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 12579471 core:BetweenTwoFiveYears 2024-10-31 12579471 core:MoreThanFiveYears 2024-10-31 12579471 core:WithinOneYear 2024-10-31 12579471 core:FurnitureFittingsToolsEquipment 2024-10-31 12579471 core:LandBuildings 2024-10-31 12579471 bus:Director1 1 2023-11-01 2024-10-31 12579471 bus:Director1 1 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12579471

Prepared for the registrar
ML Noah's Ark Limited
Annual Report and Financial Statements
for the Year Ended 31 October 2025

ML Noah's Ark Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 9

ML Noah's Ark Limited

Company Information

Directors | A Clare M Wayland

Registered office | 44-46 Westway Maghull Liverpool L31 0AB

Auditors | Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

ML Noah's Ark Limited

(Registration number: 12579471)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 276,816 | 311,024
Current assets |  |  |
Stocks |  | 29,869 | 29,121
Debtors | 5 | 48,492 | 32,724
Cash at bank and in hand |  | 47,960 | 62,835
|  | 126,321 | 124,680
Creditors: Amounts falling due within one year | 6 | (238,238) | (201,330)
Net current liabilities |  | (111,917) | (76,650)
Total assets less current liabilities |  | 164,899 | 234,374
Creditors: Amounts falling due after more than one year | 6 | (182,591) | (250,858)
Deferred tax liabilities | 7 | 1,830 | 2,021
Net liabilities |  | (15,862) | (14,463)
Capital and reserves |  |  |
Called up share capital | 9 | 600 | 600
Retained earnings |  | (16,462) | (15,063)
Shareholders' deficit |  | (15,862) | (14,463)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2026 and signed on its behalf by:

A Clare
Director

M Wayland
Director

ML Noah's Ark Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
44-46 Westway
Maghull
Liverpool
L31 0AB

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

ML Noah's Ark Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | Over the term of the lease
Plant and machinery | 25% of written down value
Fixtures and fittings | 10% of written down value
Computer equipment | 33.33% of cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

ML Noah's Ark Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Following a review by the directors of the operating lease, the directors identified a rent free period in relation to the lease of the property. In line with FRS 102 1A, the impact of the rent free period was calculated and led to an adjustment of £21,500. Due to the material nature of the adjustment this has been processed as a prior period adjustment, reducing the profit and loss reserves and increasing accruals by £21,500.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

ML Noah's Ark Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 6).

| 4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Total £
Cost
At 1 November 2024 | 299,935 | 127,681 | 427,616
Additions | - | 8,400 | 8,400
At 31 October 2025 | 299,935 | 136,081 | 436,016
Depreciation
At 1 November 2024 | 55,699 | 60,893 | 116,592
Charge for the year | 24,995 | 17,613 | 42,608
At 31 October 2025 | 80,694 | 78,506 | 159,200
Carrying amount
At 31 October 2025 | 219,241 | 57,575 | 276,816
At 31 October 2024 | 244,236 | 66,788 | 311,024

Included within the net book value of land and buildings above is £219,241 (2024 - £244,236) in respect of long leasehold land and buildings.

| 5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 14,548 | 11,082
Prepayments | 29,020 | 15,331
Other debtors | 4,924 | 6,311
| 48,492 | 32,724

ML Noah's Ark Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

| 6 | Creditors

| Note | 2025 £ | (As restated) 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 92,889 | 76,609
Trade creditors |  | 43,397 | 46,187
Taxation and social security |  | 47,825 | 36,342
Accruals and deferred income |  | 40,713 | 38,879
Other creditors |  | 13,414 | 3,313
|  | 238,238 | 201,330

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 182,591 | 250,858

| 7 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Fixed asset timing differences | 37,817
Losses and other deductions | (37,014)
Short term timing differences | (2,633)
| (1,830)

2024 | Liability £
Fixed asset timing differences | 45,317
Losses and other deductions | (47,114)
Short term timing differences | (224)
| (2,021)

ML Noah's Ark Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

| 8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 53,004 | 48,849
Hire purchase contracts | 15,263 | 14,004
Other borrowings | 24,622 | 13,756
| 92,889 | 76,609

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 139,808 | 192,812
Hire purchase contracts | 42,783 | 58,046
| 182,591 | 250,858

The bank loans and hire purchase liabilities are secured against certain assets of the company.

| 9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A £1 shares of £1 each | 180 | 180 | 180 | 180
Ordinary B £1 shares of £1 each | 180 | 180 | 180 | 180
Ordinary C £1 shares of £1 each | 60 | 60 | 60 | 60
Ordinary D £1 shares of £1 each | 180 | 180 | 180 | 180
| 600 | 600 | 600 | 600

The different classes of share referred to above carry separate rights to dividends but, in all other significant respects, rank pari passu.

ML Noah's Ark Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

| 10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 30,000 | 30,000
Later than one year and not later than five years | 140,000 | 140,000
Later than five years | 40,000 | 70,000
| 210,000 | 240,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £31,375 (2024 - £32,521).

| 11 | Related party transactions

Summary of transactions with key management

Key management personnel are considered to be the directors of the company.
As at the balance sheet date, the company owed the directors £24,622 (2024: one director owed the company £1,387 and the other was owed £13,756) which is included in other borrowings.
There are no set repayment terms and no interest is charged.
The movement on the overdrawn loan account can be analysed as follows:

Transactions with directors

2025 | At 1 November 2024 £ | Advances to director £ | Repayments by director £ | At 31 October 2025 £
A Clare
Amount owed to / (from) director | (1,387) | (10,609) | 24,307 | 12,311

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
A Clare
Amount owed to / (from) director | (1,682) | (5,517) | 5,812 | (1,387)

| 12 | Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 31 July 2026 was Martin Howard, who signed for and on behalf of Hazlewoods LLP.