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REGISTERED NUMBER: 06794478 (England and Wales)













RUBTECH LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






RUBTECH LTD (REGISTERED NUMBER: 06794478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RUBTECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr J Moate





REGISTERED OFFICE: Unit 4
Dearne Park Industrial Est
Park Mill Way Clayton West
Huddersfield
West Yorkshire
HD8 9XJ





REGISTERED NUMBER: 06794478 (England and Wales)





ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND

RUBTECH LTD (REGISTERED NUMBER: 06794478)

ABRIDGED BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,979
Tangible assets 5 27,738 37,254
27,738 53,233

CURRENT ASSETS
Stocks 121,000 74,248
Debtors 117,244 132,870
Cash at bank 7,540 -
245,784 207,118
CREDITORS
Amounts falling due within one year 218,633 207,396
NET CURRENT ASSETS/(LIABILITIES) 27,151 (278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,889

52,955

CREDITORS
Amounts falling due after more than one
year

40,216

38,885
NET ASSETS 14,673 14,070

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 14,672 14,069
SHAREHOLDERS' FUNDS 14,673 14,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RUBTECH LTD (REGISTERED NUMBER: 06794478)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2023 and were signed by:





Mr J Moate - Director


RUBTECH LTD (REGISTERED NUMBER: 06794478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Rubtech Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website costs - 25% Straight line
Plant & machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

RUBTECH LTD (REGISTERED NUMBER: 06794478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 16,250
Disposals (16,250 )
At 31 December 2022 -
AMORTISATION
At 1 January 2022 271
Amortisation for year 3,250
Eliminated on disposal (3,521 )
At 31 December 2022 -
NET BOOK VALUE

At 31 December 2022 -
At 31 December 2021 15,979

5. TANGIBLE FIXED ASSETS
Website Plant & Motor Computer
costs machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 725 27,985 24,250 23,779 76,739
Additions - - - 3,237 3,237
At 31 December 2022 725 27,985 24,250 27,016 79,976
DEPRECIATION
At 1 January 2022 725 8,519 14,872 15,369 39,485
Charge for year - 4,892 2,345 5,516 12,753
At 31 December 2022 725 13,411 17,217 20,885 52,238
NET BOOK VALUE
At 31 December 2022 - 14,574 7,033 6,131 27,738
At 31 December 2021 - 19,466 9,378 8,410 37,254