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REGISTERED NUMBER: 02026688 (England and Wales)





















J.B. RUBBER (CORBY) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






J.B. RUBBER (CORBY) LIMITED (REGISTERED NUMBER: 02026688)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


J.B. RUBBER (CORBY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M Gray





SECRETARY: L Gray





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
Northamptonshire
NN2 7AZ





REGISTERED NUMBER: 02026688 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

J.B. RUBBER (CORBY) LIMITED (REGISTERED NUMBER: 02026688)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 333,892 353,978

CURRENT ASSETS
Stocks 240,151 158,134
Debtors 5 621,344 675,569
Cash at bank and in hand 531,812 502,630
1,393,307 1,336,333
CREDITORS
Amounts falling due within one year 6 888,222 855,780
NET CURRENT ASSETS 505,085 480,553
TOTAL ASSETS LESS CURRENT LIABILITIES 838,977 834,531

CREDITORS
Amounts falling due after more than one year 7 (173,421 ) (405,000 )

PROVISIONS FOR LIABILITIES (83,473 ) -
NET ASSETS 582,083 429,531

CAPITAL AND RESERVES
Called up share capital 8 52 52
Capital redemption reserve 50 50
Retained earnings 581,981 429,429
SHAREHOLDERS' FUNDS 582,083 429,531

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

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

J.B. RUBBER (CORBY) LIMITED (REGISTERED NUMBER: 02026688)

BALANCE SHEET - continued
30 JUNE 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





M Gray - Director


J.B. RUBBER (CORBY) LIMITED (REGISTERED NUMBER: 02026688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

J.B. Rubber (Corby) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 2.5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 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.


J.B. RUBBER (CORBY) LIMITED (REGISTERED NUMBER: 02026688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 447,534 192,269 17,763 116,201 773,767
DEPRECIATION
At 1 July 2023 122,490 176,933 14,659 105,707 419,789
Charge for year 8,951 5,112 776 5,247 20,086
At 30 June 2024 131,441 182,045 15,435 110,954 439,875
NET BOOK VALUE
At 30 June 2024 316,093 10,224 2,328 5,247 333,892
At 30 June 2023 325,044 15,336 3,104 10,494 353,978

J.B. RUBBER (CORBY) LIMITED (REGISTERED NUMBER: 02026688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 317,146 408,205
Other debtors 304,198 267,364
621,344 675,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,000 45,000
Trade creditors 507,575 424,056
Taxation and social security 192,347 69,987
Other creditors 143,300 316,737
888,222 855,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 173,421 405,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 225,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 B Ordinary £1 25 25
25 C Ordinary £1 25 25
1 D Ordinary £1 1 1
1 E Ordinary £1 1 1
52 52