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REGISTERED NUMBER: 04316552 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Reliant Rubber Engineers Limited

Reliant Rubber Engineers Limited (Registered number: 04316552)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reliant Rubber Engineers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T R Hogan
C A Slingsby





REGISTERED OFFICE: 10 - 13 Marshall Hall Mills
Elland Lane
Elland
West Yorkshire
HX5 9DU





REGISTERED NUMBER: 04316552 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Reliant Rubber Engineers Limited (Registered number: 04316552)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,430 53,240
40,430 53,240

CURRENT ASSETS
Stocks 123,217 146,879
Debtors 6 261,368 281,668
Cash at bank 203,956 279,926
588,541 708,473
CREDITORS
Amounts falling due within one year 7 203,286 259,792
NET CURRENT ASSETS 385,255 448,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,685

501,921

PROVISIONS FOR LIABILITIES 5,216 7,951
NET ASSETS 420,469 493,970

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 420,369 493,870
420,469 493,970

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.

Reliant Rubber Engineers Limited (Registered number: 04316552)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





T R Hogan - Director


Reliant Rubber Engineers Limited (Registered number: 04316552)

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

1. STATUTORY INFORMATION

Reliant Rubber Engineers 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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.


Reliant Rubber Engineers Limited (Registered number: 04316552)

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

2. ACCOUNTING POLICIES - continued
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.

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 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 147,500
AMORTISATION
At 1 April 2023
and 31 March 2024 147,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Reliant Rubber Engineers Limited (Registered number: 04316552)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 101,953 510,940 86,552
Additions - 330 -
At 31 March 2024 101,953 511,270 86,552
DEPRECIATION
At 1 April 2023 99,937 472,956 79,546
Charge for year 1,141 9,579 1,752
At 31 March 2024 101,078 482,535 81,298
NET BOOK VALUE
At 31 March 2024 875 28,735 5,254
At 31 March 2023 2,016 37,984 7,006

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 64,592 13,911 777,948
Additions - 1,332 1,662
At 31 March 2024 64,592 15,243 779,610
DEPRECIATION
At 1 April 2023 59,670 12,599 724,708
Charge for year 1,230 770 14,472
At 31 March 2024 60,900 13,369 739,180
NET BOOK VALUE
At 31 March 2024 3,692 1,874 40,430
At 31 March 2023 4,922 1,312 53,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 238,253 263,012
Other debtors 160 160
Prepayments and accrued income 22,955 18,496
261,368 281,668

Reliant Rubber Engineers Limited (Registered number: 04316552)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 77,083 125,251
Amounts owed to group undertakings 7,469 7,469
Tax 44,528 57,606
Social security and other taxes 9,574 8,896
VAT 44,084 44,410
Other creditors 1,999 510
Directors' current accounts 260 3
Accruals and deferred income 18,289 15,647
203,286 259,792

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 75,000 77,600
Between one and five years 75,000 116,400
150,000 194,000