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REGISTERED NUMBER: 06033135 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DELTA RUBBER LIMITED

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 3


DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 179,273 106,753
Investments 5 70,000 70,000
249,273 176,753

Current assets
Stocks 79,894 76,588
Debtors 6 435,816 484,246
Cash at bank and in hand 318,606 352,330
834,316 913,164
Creditors
Amounts falling due within one year 7 343,605 353,669
Net current assets 490,711 559,495
Total assets less current liabilities 739,984 736,248

Creditors
Amounts falling due after more than one year 8 (63,158 ) (44,903 )

Provisions for liabilities 10 (27,051 ) (26,688 )
Net assets 649,775 664,657

Capital and reserves
Called up share capital 11 600 600
Share premium 4,988 4,988
Retained earnings 644,187 659,069
Shareholders' funds 649,775 664,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024


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 5 August 2024 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 2024


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 2024


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 12 (2023 - 11 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 207,243 32,151 139,530 18,712 397,636
Additions 14,868 3,283 128,580 1,244 147,975
Disposals (4,800 ) - - - (4,800 )
At 31 March 2024 217,311 35,434 268,110 19,956 540,811
Depreciation
At 1 April 2023 165,314 28,753 80,884 15,932 290,883
Charge for year 24,682 2,164 46,807 1,802 75,455
Eliminated on disposal (4,800 ) - - - (4,800 )
At 31 March 2024 185,196 30,917 127,691 17,734 361,538
Net book value
At 31 March 2024 32,115 4,517 140,419 2,222 179,273
At 31 March 2023 41,929 3,398 58,646 2,780 106,753

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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 2023 83,858 119,530 203,388
Additions - 64,936 64,936
Transfer to ownership - (64,290 ) (64,290 )
At 31 March 2024 83,858 120,176 204,034
Depreciation
At 1 April 2023 41,929 75,884 117,813
Charge for year 20,965 22,060 43,025
Transfer to ownership - (43,948 ) (43,948 )
At 31 March 2024 62,894 53,996 116,890
Net book value
At 31 March 2024 20,964 66,180 87,144
At 31 March 2023 41,929 43,646 85,575

5. Fixed asset investments
Other
investments
£   
Cost
At 1 April 2023
and 31 March 2024 70,000
Net book value
At 31 March 2024 70,000
At 31 March 2023 70,000

Fixed asset investments were valued on an open market basis on 31 March 2024 by the directors.

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 189,770 216,434
Amounts owed by group undertakings 197,586 221,214
Other debtors 2,393 3,042
Prepayments and accrued income 46,067 43,556
435,816 484,246

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,213 9,958
Hire purchase contracts (see note 9) 27,490 36,392
Trade creditors 209,008 206,635
Tax - 25,559
Social security and other taxes 38,245 16,563
VAT 42,365 39,992
Other creditors 1,534 4,081
Accruals and deferred income 14,750 14,489
343,605 353,669

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,468 10,213
Bank loans - 2-5 years 1,769 12,237
Hire purchase contracts (see note 9) 50,921 22,453
63,158 44,903

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 27,490 36,392
Between one and five years 50,921 22,453
78,411 58,845

Non-cancellable operating leases
2024 2023
£    £   
Within one year 39,000 39,000
Between one and five years 19,500 58,500
58,500 97,500

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 27,051 26,688

DELTA RUBBER LIMITED (REGISTERED NUMBER: 06033135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 April 2023 26,688
Charge to Income statement during year 363
Balance at 31 March 2024 27,051

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
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.