For the year ended 30 November 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04582378
Chris Noble Ltd
For the year ended 30 November 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Chris Noble Ltd
Accountants' Report
For the year ended 30 November 2014
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
Chris Noble Ltd for the year ended
30
November
2014
which comprise the Profit and Loss Account
,
the Balance Sheet and
|
the related notes from the company
'
s accounting records and from information and explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other professional
|
requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Chris Noble Ltd
,
as a body
,
in accordance with the terms of our
|
engagement letter dated
25
April
2012
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Chris Noble Ltd and state those matters that we have agreed to state to the Board of Directors of Chris Noble Ltd
,
as a body
,
in
|
this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at
|
http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by law
,
we do not accept or assume responsibility to
|
anyone other than Chris Noble Ltd and its Board of Directors as a body for our work or for this report
.
|
It is your duty to ensure that Chris Noble Ltd has kept adequate accounting records and to prepare statutory accounts that give
|
a true and fair view of the assets
,
liabilities
,
financial position and loss of Chris Noble Ltd
.
You consider that Chris Noble Ltd
|
is exempt from the statutory audit requirement for the year
.
|
Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
North Yorkshire
YO21 1QL
07 August 2015
1 of 4
Notes to the Abbreviated Financial Statements
|
Chris Noble Ltd
For the year ended 30 November 2014
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.Provision is not made in respect of any possible gain arising if the company's property were to be sold at its revalued amount unless, at the balance sheet date, there was a binding agreement to sell the property.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Acquired goodwill is not depreciated.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Motor Vehicles
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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Chris Noble Ltd
For the year ended 30 November 2014
2
Intangible fixed assets
|
3,400
3,400
3,400
3,400
32,897
(26,250)
6,647
24,883
(20,744)
251
Charge for year
4,390
2,257
8,014
Allotted called up and fully paid
|
2014
2013
1
Class A shares of £
1
.
00
each
|
1
1
1
1
4 of 4