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REGISTERED NUMBER: 06033135 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DELTA RUBBER LIMITED

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance sheet 1

Notes to the financial statements 3


DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 106,753 128,813
Investments 5 70,000 -
176,753 128,813

Current assets
Stocks 76,588 78,684
Debtors 6 484,246 468,205
Cash at bank and in hand 352,330 380,158
913,164 927,047
Creditors
Amounts falling due within one year 7 353,669 245,191
Net current assets 559,495 681,856
Total assets less current liabilities 736,248 810,669

Creditors
Amounts falling due after more than one year 8 (44,903 ) (91,253 )

Provisions for liabilities 10 (26,688 ) (30,272 )
Net assets 664,657 689,144

Capital and reserves
Called up share capital 11 600 600
Share premium 4,988 4,988
Retained earnings 659,069 683,556
Shareholders' funds 664,657 689,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





Mr M Bailey - Director


DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Delta Rubber Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06033135. The registered office is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Unit 21, Priory Industrial Park, Airspeed Road, Christchurch, Dorset, BH23 4HD.

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.

Preparation of consolidated financial statements
The financial statements contain information about Delta Rubber Limited as an individual company. The company is a wholly owned subsidiary and the parent company has taken the option under S399 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Other investments
Other investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of comprehensive income.

3. Employees and directors

The average number of employees during the year was 11 (2022 - 10 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 207,243 28,146 119,530 17,899 372,818
Additions - 4,005 20,000 813 24,818
At 31 March 2023 207,243 32,151 139,530 18,712 397,636
Depreciation
At 1 April 2022 144,350 25,077 61,335 13,243 244,005
Charge for year 20,964 3,676 19,549 2,689 46,878
At 31 March 2023 165,314 28,753 80,884 15,932 290,883
Net book value
At 31 March 2023 41,929 3,398 58,646 2,780 106,753
At 31 March 2022 62,893 3,069 58,195 4,656 128,813

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 April 2022
and 31 March 2023 83,858 119,530 203,388
Depreciation
At 1 April 2022 20,965 61,335 82,300
Charge for year 20,964 14,549 35,513
At 31 March 2023 41,929 75,884 117,813
Net book value
At 31 March 2023 41,929 43,646 85,575
At 31 March 2022 62,893 58,195 121,088

5. Fixed asset investments
Other
investments
£   
Cost
Additions 70,000
At 31 March 2023 70,000
Net book value
At 31 March 2023 70,000

Fixed asset investments were valued on an open market basis on 31 March 2023 by the directors.

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 216,434 141,900
Amounts owed by group undertakings 221,214 289,738
Other debtors 3,042 -
Prepayments and accrued income 43,556 36,567
484,246 468,205

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 9,958 9,702
Hire purchase contracts (see note 9) 36,392 35,010
Trade creditors 206,635 141,230
Tax 25,559 5,613
Social security and other taxes 16,563 13,355
VAT 39,992 32,312
Other creditors 4,081 3,669
Accruals and deferred income 14,489 4,300
353,669 245,191

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,213 9,958
Bank loans - 2-5 years 12,237 22,450
Hire purchase contracts (see note 9) 22,453 58,845
44,903 91,253

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 36,392 35,010
Between one and five years 22,453 58,845
58,845 93,855

Non-cancellable operating leases
2023 2022
£    £   
Within one year 39,000 39,000
Between one and five years 58,500 97,500
97,500 136,500

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 26,688 30,272

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 April 2022 30,272
Credit to Income statement during year (3,584 )
Balance at 31 March 2023 26,688

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 A Ordinary £1 500 500
100 B Ordinary £1 100 100
600 600

12. Ultimate controlling party

The company is controlled by Delta Rubber Holdings Limited. Mr M Bailey, a director, controls Delta Rubber Holdings Limited and therefore holds ultimate control over the company.