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REGISTERED NUMBER: 07136505 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Rubex UK Limited

Rubex UK Limited (Registered number: 07136505)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rubex UK Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr Romani Latif





REGISTERED OFFICE: 3-4 Western Road
Hove
East Sussex
BN3 1AE





REGISTERED NUMBER: 07136505 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Rubex UK Limited (Registered number: 07136505)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,911 139,302

CURRENT ASSETS
Stocks 80,333 126,262
Debtors 5 11,562 7,231
Cash at bank and in hand 183,675 238,266
275,570 371,759
CREDITORS
Amounts falling due within one year 6 134,718 96,735
NET CURRENT ASSETS 140,852 275,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,763

414,326

CREDITORS
Amounts falling due after more than one
year

7

(10,180

)

(24,109

)

PROVISIONS FOR LIABILITIES (52,978 ) (34,825 )
NET ASSETS 289,605 355,392

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 289,503 355,290
SHAREHOLDERS' FUNDS 289,605 355,392

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

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

Rubex UK Limited (Registered number: 07136505)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2024 and were signed by:





Mr Romani Latif - Director


Rubex UK Limited (Registered number: 07136505)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Rubex UK 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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
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.

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.

Rubex UK Limited (Registered number: 07136505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 241,025 5,400 8,644 255,069
Additions 4,125 110,766 434 115,325
At 31 January 2024 245,150 116,166 9,078 370,394
DEPRECIATION
At 1 February 2023 106,401 5,172 4,194 115,767
Charge for year 34,578 6,980 1,158 42,716
At 31 January 2024 140,979 12,152 5,352 158,483
NET BOOK VALUE
At 31 January 2024 104,171 104,014 3,726 211,911
At 31 January 2023 134,624 228 4,450 139,302

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 8,688 6,319
Other debtors 2,874 912
11,562 7,231

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 83,374 10,049
Trade creditors 5,977 9,572
Taxation and social security 22,442 46,168
Other creditors 22,925 30,946
134,718 96,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 10,180 24,109

Rubex UK Limited (Registered number: 07136505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr Romani Latif
Balance outstanding at start of year (17,522 ) 7,891
Amounts advanced 186,799 159,360
Amounts repaid (182,680 ) (184,773 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,403 ) (17,522 )

9. RELATED PARTY DISCLOSURES

During the year the company was charged £98,875 (2023 - £85,250) for rental and franchise fees by the shareholders of the company and close family of the director. These transactions were carried out on an arm's length basis.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.