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REGISTERED NUMBER: 10213236 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PRISMA RUBBER ADDITIVES LIMITED

PRISMA RUBBER ADDITIVES LIMITED (REGISTERED NUMBER: 10213236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PRISMA RUBBER ADDITIVES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: T W Johnson
M Adam
D Philpot





REGISTERED OFFICE: Unit B
Thornsett Trading Estate
Birch Vale
High Peak
SK22 1AH





REGISTERED NUMBER: 10213236 (England and Wales)





AUDITORS: A.Allen & Son Limited
Chartered Accountants
& Statutory Auditors
45 Union Road
New Mills
High Peak
SK22 3EL

PRISMA RUBBER ADDITIVES LIMITED (REGISTERED NUMBER: 10213236)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,611 73,422
70,611 73,422

CURRENT ASSETS
Stocks 619,310 709,735
Debtors 484,565 708,640
Cash at bank 487,005 328,169
1,590,880 1,746,544
CREDITORS
Amounts falling due within one year 392,039 811,417
NET CURRENT ASSETS 1,198,841 935,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,269,452

1,008,549

PROVISIONS FOR LIABILITIES 17,653 18,356
NET ASSETS 1,251,799 990,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,251,699 990,093
1,251,799 990,193

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





T W Johnson - Director


PRISMA RUBBER ADDITIVES LIMITED (REGISTERED NUMBER: 10213236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Prisma Rubber Additives 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.

Turnover represents net invoiced sale of goods, excluding value added tax. Turnover is recognised when the goods have been dispatched, and confirmation of delivery has been obtained.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business of £300, was fully amortised in prior periods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Computer equipment - Straight line over 3 years

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

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.

3. EMPLOYEES AND DIRECTORS

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

PRISMA RUBBER ADDITIVES LIMITED (REGISTERED NUMBER: 10213236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 300
AMORTISATION
At 1 December 2022
and 30 November 2023 300
NET BOOK VALUE

At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 105,626
Additions 1,399
At 30 November 2023 107,025
DEPRECIATION
At 1 December 2022 32,204
Charge for year 4,210
At 30 November 2023 36,414
NET BOOK VALUE
At 30 November 2023 70,611
At 30 November 2022 73,422

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Cooper BA (Hons) FCA CTA (Senior Statutory Auditor)
for and on behalf of A.Allen & Son Limited

7. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Prisma Colour Limited who is a wholly owned subsidiary of Prisma Colour (Holdings) Limited. The ultimate parent company will prepare consolidated accounts.
The parent companies registered office and place of business is:-
Unit B Thornsett Industrial Estate, Birch Vale, High Peak, SK221AH.

8. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.