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REGISTERED NUMBER: SC607265 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

MB Rubber Aberdeen Limited

MB Rubber Aberdeen Limited (Registered number: SC607265)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MB Rubber Aberdeen Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr M D Kelman
Mr B I Smart





REGISTERED OFFICE: MB Rubber Aberdeen Limited
Thainstone Centre
Inverurie
Aberdeenshire
AB51 5WU





REGISTERED NUMBER: SC607265 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

MB Rubber Aberdeen Limited (Registered number: SC607265)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 369,093 298,396

CURRENT ASSETS
Stocks 47,252 26,906
Debtors 5 212,058 118,542
Cash at bank 92,585 174,038
351,895 319,486
CREDITORS
Amounts falling due within one year 6 159,083 117,475
NET CURRENT ASSETS 192,812 202,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,905

500,407

CREDITORS
Amounts falling due after more than one
year

7

(203,748

)

(157,052

)

PROVISIONS FOR LIABILITIES (71,559 ) (48,570 )
NET ASSETS 286,598 294,785

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 286,498 294,685
286,598 294,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MB Rubber Aberdeen Limited (Registered number: SC607265)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:




Mr M D Kelman - Director



Mr B I Smart - Director


MB Rubber Aberdeen Limited (Registered number: SC607265)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

MB Rubber Aberdeen Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 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 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.

MB Rubber Aberdeen Limited (Registered number: SC607265)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 64,482 266,123 21,300
Additions - 153,370 2,640
At 30 September 2024 64,482 419,493 23,940
DEPRECIATION
At 1 October 2023 12,798 96,247 8,216
Charge for year 6,449 64,649 3,145
At 30 September 2024 19,247 160,896 11,361
NET BOOK VALUE
At 30 September 2024 45,235 258,597 12,579
At 30 September 2023 51,684 169,876 13,084

MB Rubber Aberdeen Limited (Registered number: SC607265)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 96,172 7,087 455,164
Additions - 4,827 160,837
At 30 September 2024 96,172 11,914 616,001
DEPRECIATION
At 1 October 2023 34,622 4,885 156,768
Charge for year 12,310 3,587 90,140
At 30 September 2024 46,932 8,472 246,908
NET BOOK VALUE
At 30 September 2024 49,240 3,442 369,093
At 30 September 2023 61,550 2,202 298,396

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 171,451 96,172 267,623
Additions 142,455 - 142,455
At 30 September 2024 313,906 96,172 410,078
DEPRECIATION
At 1 October 2023 55,490 34,622 90,112
Charge for year 51,683 12,310 63,993
At 30 September 2024 107,173 46,932 154,105
NET BOOK VALUE
At 30 September 2024 206,733 49,240 255,973
At 30 September 2023 115,961 61,550 177,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 185,055 116,042
Other debtors 27,003 2,500
212,058 118,542

MB Rubber Aberdeen Limited (Registered number: SC607265)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 7,600 10,000
Hire purchase contracts 59,668 36,875
Trade creditors 55,438 54,675
Taxation and social security 31,111 10,396
Other creditors 5,266 5,529
159,083 117,475

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 7,600
Hire purchase contracts 203,748 149,452
203,748 157,052

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr M D Kelman
Balance outstanding at start of year (477 ) (117 )
Amounts advanced 10,000 -
Amounts repaid (360 ) (360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,163 (477 )

Mr B I Smart
Balance outstanding at start of year (483 ) (123 )
Amounts advanced 10,000 -
Amounts repaid (360 ) (360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,157 (483 )

9. RELATED PARTY DISCLOSURES

During the year purchases of £4,560 (2023 £Nil) were paid to Doric Home Improvements Ltd, a company controlled by the father of Mr M Kelman.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, M D Kelman and B I Smart, who between them own 100% of the share capital.