Registered number
02744311
AEGIS RUBBER ENGINEERING LTD
Filleted Accounts
31 March 2023
AEGIS RUBBER ENGINEERING LTD
Registered number: 02744311
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 52,988 57,300
Current assets
Stocks 69,000 69,000
Debtors 4 253,180 160,376
Cash at bank and in hand 234,563 220,556
556,743 449,932
Creditors: amounts falling due within one year 5 (220,669) (170,826)
Net current assets 336,074 279,106
Total assets less current liabilities 389,062 336,406
Creditors: amounts falling due after more than one year 6 (37,500) (44,167)
Net assets 351,562 292,239
Capital and reserves
Called up share capital 100 100
Profit and loss account 351,462 292,139
Shareholders' funds 351,562 292,239
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Cutts
Director
Approved by the board on 22 August 2023
AEGIS RUBBER ENGINEERING LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to buildings 10% pa on the straight line method
Plant and machinery 15% pa on the straight line method
Motor vehicles 15% pa on the straight line method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 19,232 525,568 13,139 557,939
Additions - 15,733 - 15,733
At 31 March 2023 19,232 541,301 13,139 573,672
Depreciation
At 1 April 2022 19,231 475,495 5,913 500,639
Charge for the year - 18,074 1,971 20,045
At 31 March 2023 19,231 493,569 7,884 520,684
Net book value
At 31 March 2023 1 47,732 5,255 52,988
At 31 March 2022 1 50,073 7,226 57,300
4 Debtors 2023 2022
£ £
Trade debtors 236,758 148,000
Other debtors 16,422 12,376
253,180 160,376
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 2,080
Trade creditors 169,295 161,448
Taxation and social security costs 36,580 7,298
Other creditors 14,794 -
220,669 170,826
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 37,500 44,167
7 Other information
AEGIS RUBBER ENGINEERING LTD is a private company limited by shares and incorporated in England. Its registered office is:
14/15 Bolney Grange Ind Park
Stairbridge Lane
Haywards Heath
West Sussex
RH17 5PB
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