Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01falseThe principal activity of the company is the supply of synthetic rubber and plastics for industrial use.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05763152 2023-04-01 2024-03-31 05763152 2022-04-01 2023-03-31 05763152 2024-03-31 05763152 2023-03-31 05763152 c:Director1 2023-04-01 2024-03-31 05763152 d:OfficeEquipment 2023-04-01 2024-03-31 05763152 d:OfficeEquipment 2024-03-31 05763152 d:OfficeEquipment 2023-03-31 05763152 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05763152 d:CurrentFinancialInstruments 2024-03-31 05763152 d:CurrentFinancialInstruments 2023-03-31 05763152 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05763152 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05763152 d:ShareCapital 2024-03-31 05763152 d:ShareCapital 2023-03-31 05763152 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 05763152 d:CapitalRedemptionReserve 2024-03-31 05763152 d:CapitalRedemptionReserve 2023-03-31 05763152 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 05763152 d:RetainedEarningsAccumulatedLosses 2024-03-31 05763152 d:RetainedEarningsAccumulatedLosses 2023-03-31 05763152 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05763152 c:OrdinaryShareClass1 2024-03-31 05763152 c:OrdinaryShareClass1 2023-03-31 05763152 c:FRS102 2023-04-01 2024-03-31 05763152 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05763152 c:FullAccounts 2023-04-01 2024-03-31 05763152 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05763152 2 2023-04-01 2024-03-31 05763152 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05763152










Elastomer Trading Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Elastomer Trading Limited
Registered number: 05763152

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,755
522

  
1,755
522

Current assets
  

Debtors: amounts falling due within one year
 5 
27,289
20,217

Cash at bank and in hand
 6 
9,603,258
9,761,015

  
9,630,547
9,781,232

Creditors: amounts falling due within one year
 7 
(87,383)
(82,651)

Net current assets
  
 
 
9,543,164
 
 
9,698,581

Total assets less current liabilities
  
9,544,919
9,699,103

  

Net assets
  
9,544,919
9,699,103


Capital and reserves
  

Called up share capital 
 8 
800
800

Capital redemption reserve
 9 
400
400

Profit and loss account
 9 
9,543,719
9,697,903

  
9,544,919
9,699,103


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Igor Golberg
Director

Date: 26 November 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Elastomer Trading Limited
 

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

1.


General information

Elastomer Trading Limited is a private limited company registered in England, company number 05763152. The address of the registered office and principal place of business is 54 Norsey View Drive, Billericay, Essex, CM12 0QS.
The financial statements are presented in sterling and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
Elastomer Trading Limited
 

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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
2 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the financial instrument.
Cash and cash equivalents
These comprise cash at bank and other short-tern highly liquid bank deposits with an original maturity of three months of less.
Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Statement of comprehensive income when there is objective evidence that the asset is impaired.
Creditors
Short term creditors are not interest-bearing and are stated at their transaction price.


 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
16,300
14,600

16,300
14,600


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
Elastomer Trading Limited
 

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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
6,091


Additions
2,066


Disposals
(849)



At 31 March 2024

7,308



Depreciation


At 1 April 2023
5,569


Charge for the year on owned assets
833


Disposals
(849)



At 31 March 2024

5,553



Net book value



At 31 March 2024
1,755



At 31 March 2023
522


5.


Debtors

2024
2023
£
£


Other debtors
351
246

Prepayments and accrued income
26,938
19,971

27,289
20,217



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,603,258
9,761,015

Less: bank overdrafts
-
(227)

9,603,258
9,760,788


Page 4

 
Elastomer Trading Limited
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
227

Trade creditors
638
74

Corporation tax
76,195
72,263

Other taxation and social security
250
287

Accruals and deferred income
10,300
9,800

87,383
82,651



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



800 (2023 - 800) ordinary shares shares of £1.00 each
800
800



9.


Reserves

Capital redemption reserve

This reserve records the nominal value of shares repurchased by the company and is a non distributable reserve.

Profit and loss account

The profit and loss account comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.


Page 5