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REGISTERED NUMBER: 03063402 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SHERBURN RUBBER COMPANY LIMITED

SHERBURN RUBBER COMPANY LIMITED (REGISTERED NUMBER: 03063402)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHERBURN RUBBER COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: Mr B A Richardson
Mr D Teal





SECRETARY: Mrs C Richardson





REGISTERED OFFICE: 19 Hovedene Drive
Howden
Goole
North Humberside
DN14 7DL





REGISTERED NUMBER: 03063402 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

SHERBURN RUBBER COMPANY LIMITED (REGISTERED NUMBER: 03063402)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,323 37,990

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 22,533 21,895
Cash at bank and in hand 77,109 69,428
102,142 93,823
CREDITORS
Amounts falling due within one year 6 66,417 60,782
NET CURRENT ASSETS 35,725 33,041
TOTAL ASSETS LESS CURRENT LIABILITIES 71,048 71,031

CREDITORS
Amounts falling due after more than one year 7 (7,722 ) (13,676 )

PROVISIONS FOR LIABILITIES (6,647 ) (5,342 )
NET ASSETS 56,679 52,013

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 55,679 51,013
SHAREHOLDERS' FUNDS 56,679 52,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:




Mr B A Richardson - Director



Mr D Teal - Director


SHERBURN RUBBER COMPANY LIMITED (REGISTERED NUMBER: 03063402)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Sherburn Rubber Company Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 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
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.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable
future. Thus the directors continue to adopt the going concern basis of accounting in preparing the
financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 95,016 5,506 650 3,975 105,147
Additions 6,944 288 - - 7,232
Disposals (45,173 ) (4,005 ) - - (49,178 )
At 30 June 2023 56,787 1,789 650 3,975 63,201
DEPRECIATION
At 1 July 2022 59,941 4,435 650 2,131 67,157
Charge for year 5,779 177 - 276 6,232
Eliminated on disposal (41,682 ) (3,829 ) - - (45,511 )
At 30 June 2023 24,038 783 650 2,407 27,878
NET BOOK VALUE
At 30 June 2023 32,749 1,006 - 1,568 35,323
At 30 June 2022 35,075 1,071 - 1,844 37,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,533 21,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,259 3,811
Hire purchase contracts 1,954 1,677
Trade creditors 21,709 24,808
Taxation and social security 32,594 24,290
Other creditors 5,901 6,196
66,417 60,782

SHERBURN RUBBER COMPANY LIMITED (REGISTERED NUMBER: 03063402)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,722 12,065
Hire purchase contracts - 1,611
7,722 13,676

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
475 A Ordinary 1 475 1,000
475 B Ordinary 1 475 -
50 C Ordinary 1 50 -
1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr B A Richardson
Balance outstanding at start of year (546 ) (747 )
Amounts advanced 64,423 61,583
Amounts repaid (64,000 ) (61,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (123 ) (546 )

Mr D Teal
Balance outstanding at start of year - -
Amounts advanced 5,402 -
Amounts repaid (5,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (98 ) -

10. RELATED PARTY DISCLOSURES

Dividends totalling £69,500 (2022 - £61,000) were paid in the year in respect of shares held by the company's directors.