Company registration number 03892840 (England and Wales)
THE ELECTRIC HOSE & RUBBER CO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
THE ELECTRIC HOSE & RUBBER CO LIMITED
COMPANY INFORMATION
Director
A Rapisarda
Company number
03892840
Registered office
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
West Midlands
England
B62 8DY
Auditor
Sumer Auditco Limited
The Beehive
Beehive Ring Road
London Gatwick Airport
Gatwick
United Kingdom
RH6 0PA
THE ELECTRIC HOSE & RUBBER CO LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
THE ELECTRIC HOSE & RUBBER CO LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
1,343,021
1,343,021
Current assets
Cash at bank and in hand
108,855
64,405
Creditors: amounts falling due within one year
4
(1,012,032)
(1,022,722)
Net current liabilities
(903,177)
(958,317)
Net assets
439,844
384,704
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
439,843
384,703
Total equity
439,844
384,704
The director of the company has elected not to include a copy of the income statement within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 13 September 2024
A Rapisarda
Director
Company registration number 03892840 (England and Wales)
THE ELECTRIC HOSE & RUBBER CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
The Electric Hose & Rubber Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, West Midlands, England, B62 8DY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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 show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.4
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
THE ELECTRIC HOSE & RUBBER CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Investment property
2023
£
Fair value
At 1 January 2023 and 31 December 2023
1,343,021
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
989,999
989,999
Corporation tax
16,893
27,584
Other creditors
5,140
5,139
1,012,032
1,022,722
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Mr Alan Edward Jones FCCA
Statutory Auditor:
Sumer Auditco Limited
Date of audit report:
13 September 2024
7
Parent company
The ultimate holding company is Springstar Srl, a company registered in Italy.
Copies of the financial statements of this company can be obtained at: Registro Delle Impresse (Infocamere (La Societa di Informaticadelle Camere di Commercio Italiana)) Italy, RA000407.