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REGISTERED NUMBER: 02407401 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Yorkshire Rubber Linings Limited

Yorkshire Rubber Linings Limited (Registered number: 02407401)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Yorkshire Rubber Linings Limited (Registered number: 02407401)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Software 4 - 20,988
Tangible assets 5 171,290 210,376
171,290 231,364

CURRENT ASSETS
Stocks 32,679 61,002
Debtors 6 347,108 320,361
Cash at bank and in hand 341,406 426,317
721,193 807,680
CREDITORS
Amounts falling due within one year 7 (276,194 ) (369,633 )
NET CURRENT ASSETS 444,999 438,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

616,289

669,411

PROVISIONS FOR LIABILITIES (39,477 ) (46,000 )
NET ASSETS 576,812 623,411

CAPITAL AND RESERVES
Called up share capital 9 13,021 13,021
Capital redemption reserve 10 11,980 11,980
Retained earnings 551,811 598,410
576,812 623,411

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.

Yorkshire Rubber Linings Limited (Registered number: 02407401)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





M B Insley - Director


Yorkshire Rubber Linings Limited (Registered number: 02407401)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Yorkshire Rubber Linings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02407401

Registered office: Westland Square
Leeds
West Yorkshire
LS11 5XS

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

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

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Leasehold improvementsOver 6 years straight line
Motor vehicles25% reducing balance
Plant & machinery25/15% reducing balance
Fixtures & fittings25/15% reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Yorkshire Rubber Linings Limited (Registered number: 02407401)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) 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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

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 and that of directors' personal pension schemes are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by shareholders at an Annual General Meeting.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors.

Trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Yorkshire Rubber Linings Limited (Registered number: 02407401)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Software
£   
COST
At 1 April 2022
and 31 March 2023 24,455
AMORTISATION
At 1 April 2022 3,467
Amortisation for year 6,226
Impairments 14,762
At 31 March 2023 24,455
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 20,988

5. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 1 April 2022 48,007 636,749 684,756
Additions 970 45,775 46,745
Disposals - (12,750 ) (12,750 )
At 31 March 2023 48,977 669,774 718,751
DEPRECIATION
At 1 April 2022 - 474,380 474,380
Charge for year 8,163 46,281 54,444
Eliminated on disposal - (3,785 ) (3,785 )
Impairments - 22,422 22,422
At 31 March 2023 8,163 539,298 547,461
NET BOOK VALUE
At 31 March 2023 40,814 130,476 171,290
At 31 March 2022 48,007 162,369 210,376

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 335,994 317,694
Other debtors 11,114 2,667
347,108 320,361

Yorkshire Rubber Linings Limited (Registered number: 02407401)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 75,809 217,338
Taxation and social security 161,976 105,769
Other creditors 38,409 46,526
276,194 369,633

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 5,232 4,200
Between one and five years 19,896 16,800
In more than five years - 4,200
25,128 25,200

9. CALLED UP SHARE CAPITAL

2023 2022
£ £
Allotted, issued and fully paid 13,021 13,021

10. RESERVES
Capital
redemption
reserve
£   
At 1 April 2022
and 31 March 2023 11,980

11. ULTIMATE CONTROLLING PARTY

The Company is a wholly owned subsidiary of YRL Holdings Limited, a company registered in England and Wales.

After the year end, on 26 May 2023, Rema Tip Top Holdings UK Limited acquired 100% of the share capital of YRL Holdings Limited. On this date, OWG Beteiligungs AG, a company registered in Germany, became the ultimate parent company. The directors are of the opinion that there is no identifiable ultimate controlling party.