Noble-Russell-Furniture Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 02697266

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		579,704		606,034

			579,704		606,034
CURRENT ASSETS
Stocks	5	15,535		20,854
Debtors	6	90,928		163,694
Cash at bank and in hand		186		11

		106,649		184,559
Creditors: Amounts Falling Due Within One Year	7	(323,592 )		(334,309 )

NET CURRENT ASSETS (LIABILITIES)			(216,943 )		(149,750 )

TOTAL ASSETS LESS CURRENT LIABILITIES			362,761		456,284

Creditors: Amounts Falling Due After More Than One Year	8		(137,087 )		(207,952 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(16,770 )		(21,773 )

NET ASSETS			208,904		226,559

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Profit and Loss Account			207,904		225,559

SHAREHOLDERS' FUNDS			208,904		226,559

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Noble-Russell-Furniture Ltd.

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 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 Jeremy Ross Alexander Russell

Director

12 October 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Noble-Russell-Furniture Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02697266 . The registered office is Station Road, Uppingham, Rutland, LE15 9TX.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. 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:

Freehold	No depreciation
Leasehold	3 years straight line
Plant & Machinery	20% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	50% on reducing balance

2.4. 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.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

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Noble-Russell-Furniture Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.7. Taxation

Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2025: 16)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 May 2025	491,439	6,000	190,978	64,916
Additions	-	-	-	-

As at 30 April 2026	491,439	6,000	190,978	64,916

Depreciation
As at 1 May 2025	-	4,301	115,146	45,235
Provided during the period	-	1,699	18,078	4,920

As at 30 April 2026	-	6,000	133,224	50,155

Net Book Value
As at 30 April 2026	491,439	-	57,754	14,761

As at 1 May 2025	491,439	1,699	75,832	19,681


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2025	52,179	56,905	862,417
Additions	-	2,525	2,525

As at 30 April 2026	52,179	59,430	864,942

Depreciation
As at 1 May 2025	36,051	55,650	256,383
Provided during the period	2,741	1,417	28,855

As at 30 April 2026	38,792	57,067	285,238

Net Book Value
As at 30 April 2026	13,387	2,363	579,704

As at 1 May 2025	16,128	1,255	606,034

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Noble-Russell-Furniture Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

5. Stocks

	2026	2025
	£	£
Stock	13,491	13,491
Work in progress	2,044	7,363

	15,535	20,854

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	76,262	148,903
Prepayments and accrued income	10,058	11,282
Other debtors	2,083	2,083
Directors' loan accounts	1,775	676
Amounts owed by subsidiaries	750	750

	90,928	163,694

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	80,898	46,348
Bank loans and overdrafts	42,140	50,450
Other loans	27,062	22,467
Corporation tax	99,260	90,951
Other taxes and social security	5,510	6,213
VAT	18,022	18,972
Net wages	-	139
Other creditors	11,290	4,949
Accruals and deferred income	39,244	93,654
Directors' loan accounts	166	166

	323,592	334,309

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

	2026	2025
	£	£
Bank loans	123,110	166,913
Other loans	13,977	41,039

	137,087	207,952

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Noble-Russell-Furniture Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

9. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	42,140	50,243
Other loans	27,062	22,467

	69,202	72,710

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	123,110	166,913
Other loans	13,977	41,039

	137,087	207,952

10. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
334 Ordinary A shares of £ 1.00 each	334	334
333 Ordinary B shares of £ 1.00 each	333	333
333 Ordinary C shares of £ 1.00 each	333	333

	1,000	1,000

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	16,667	25,000
Later than one year and not later than five years	-	16,667

	16,667	41,667

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 May 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2026
	£	£	£	£	£
Mr Jeremy Russell	(443 )	-	-	-	(443 )
Mr Jonathan Fort	(233 )	(1,099 )	-	-	(1,332 )

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

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Noble-Russell-Furniture Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

13. Controlling Parties

The company's immediate parent undertaking is Noble Russell Holdings Ltd .

The ultimate parent undertaking is (incorporated in England & Wales). Its registered office is Station Road, Uppingham, Rutland, United Kingdom, LE15 9TX .

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