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REGISTERED NUMBER: 04260545 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Rotec Industrial Rubber Products Limited

Rotec Industrial Rubber Products Limited (Registered number: 04260545)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rotec Industrial Rubber Products Limited

Company Information
for the year ended 30 November 2023







DIRECTOR: T Cottrell





SECRETARY: M Cottrell





REGISTERED OFFICE: Unit 24
Royal Industrial Estate
Jarrow
Tyne and Wear
NE32 3HR





REGISTERED NUMBER: 04260545 (England and Wales)





ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Rotec Industrial Rubber Products Limited (Registered number: 04260545)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,481 20,458
16,481 20,458

CURRENT ASSETS
Stocks 6 25,700 24,500
Debtors 7 70,864 86,992
Cash at bank 54,579 43,628
151,143 155,120
CREDITORS
Amounts falling due within one year 8 83,041 100,470
NET CURRENT ASSETS 68,102 54,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,583

75,108

PROVISIONS FOR LIABILITIES 3,979 3,891
NET ASSETS 80,604 71,217

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 80,598 71,211
SHAREHOLDERS' FUNDS 80,604 71,217

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Rotec Industrial Rubber Products Limited (Registered number: 04260545)

Statement of Financial Position - continued
30 November 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





T Cottrell - Director


Rotec Industrial Rubber Products Limited (Registered number: 04260545)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Rotec Industrial Rubber Products 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has now been fully amortised.

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

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% straight line
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments ar recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Rotec Industrial Rubber Products Limited (Registered number: 04260545)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 100,000
AMORTISATION
At 1 December 2022
and 30 November 2023 100,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Rotec Industrial Rubber Products Limited (Registered number: 04260545)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 25,079
Additions 904
Disposals (1,089 )
At 30 November 2023 24,894
DEPRECIATION
At 1 December 2022 4,621
Charge for year 4,853
Eliminated on disposal (1,061 )
At 30 November 2023 8,413
NET BOOK VALUE
At 30 November 2023 16,481
At 30 November 2022 20,458

6. STOCKS
2023 2022
£    £   
Stocks 25,700 24,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,790 70,902
Other debtors 11,074 16,090
70,864 86,992

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,747 33,636
Taxation and social security 18,582 13,554
Other creditors 45,712 53,280
83,041 100,470

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Ammt Limited, a company incorporated in the UK and registered at Unit 24 Royal Industrial Estate, Jarrow, United Kingdom, NE32 3HR.