Nobelus Europe Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15243877

Nobelus Europe Ltd

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

Nobelus Europe Ltd

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	6	60,000	80,000
Tangible assets	7	28,854	17,404
		--------	--------
		88,854	97,404

Current assets

Stocks		1,019,944	1,393,644
Debtors	8	1,672,224	892,406
Cash at bank and in hand		1,293,368	330,522
		------------	------------
		3,985,536	2,616,572

Creditors: amounts falling due within one year	9	2,706,732		2,346,413
		------------		------------
Net current assets			1,278,804		270,159
			------------		---------
Total assets less current liabilities			1,367,658		367,563

Creditors: amounts falling due after more than one year	10		80,000		66,667

Provisions	6,456	3,605
	------------	---------
Net assets	1,281,202	297,291
	------------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	1,271,202	287,291
	------------	---------
Shareholders funds	1,281,202	297,291
	------------	---------

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.

For the year ending 31 December 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 .

Nobelus Europe Ltd

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 17 September 2026 , and are signed on behalf of the board by:

Mr J J Fentiman

Director

Company registration number: 15243877

Nobelus Europe Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Denmark House, Victoria Way, Studlands Park Industrial Estate, Newmarket, United Kingdom, CB8 7AU.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. 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 sold and services rendered during the year, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when the risks and rewards of ownership have transferred to the customer which is usually on despatch of the goods. Turnover from provision of services is recognised in the period in which the services are performed, based on the stage of completion at the reporting date when the outcome of the transaction can be reliably estimated.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Goodwill

Goodwill is recognised at cost, which is the difference between the consideration paid and the fair value of the identifiable net assets acquired.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings	-	14% - 20% Straight line
Equipment	-	20% - 25% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 3 ).

5. Bank deposit accounts

Bank deposit accounts with a notice period of less than 4 months are treated as cash equivalents.

6. Intangible assets

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	100,000
	---------
Amortisation
At 1 January 2025	20,000
Charge for the year	20,000
	---------
At 31 December 2025	40,000
	---------
Carrying amount
At 31 December 2025	60,000
	---------
At 31 December 2024	80,000
	---------

7. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025	–	19,146	19,146
Additions	11,355	6,443	17,798
	--------	--------	--------
At 31 December 2025	11,355	25,589	36,944
	--------	--------	--------
Depreciation
At 1 January 2025	–	1,742	1,742
Charge for the year	1,300	5,048	6,348
	--------	--------	--------
At 31 December 2025	1,300	6,790	8,090
	--------	--------	--------
Carrying amount
At 31 December 2025	10,055	18,799	28,854
	--------	--------	--------
At 31 December 2024	–	17,404	17,404
	--------	--------	--------

8. Debtors

	2025	2024
	£	£
Trade debtors	947,708	765,762
Other debtors	724,516	126,644
	------------	---------
	1,672,224	892,406
	------------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	208,534	71,048
Amounts owed to group undertakings	703,499	703,499
Social security and other taxes	374,986	198,780
Amounts owed to related parties	764,768	779,202
Other creditors	654,945	593,884
	------------	------------
	2,706,732	2,346,413
	------------	------------

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

	2025	2024
	£	£
Amounts owed to related parties	80,000	66,667
	--------	--------

11. Directors' advances, credits and guarantees

During the year the company made advances to the directors. Interest has been charged at the official HMRC rate on any overdrawn loan account balances greater than £10,000. There are no repayment terms.

	2025	2024
	£	£
Advances	500	–
Balance due from the directors	500	–