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REGISTERED NUMBER: 09725162 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE RUBBER COMPANY (GB) LTD

THE RUBBER COMPANY (GB) LTD (REGISTERED NUMBER: 09725162)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE RUBBER COMPANY (GB) LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mr T J Card
Mrs C Card





REGISTERED OFFICE: 23-29 Sandy Way
Yeadon
Leeds
West Yorkshire
LS19 7EW





REGISTERED NUMBER: 09725162 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

THE RUBBER COMPANY (GB) LTD (REGISTERED NUMBER: 09725162)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 33,000 30,000
Tangible assets 5 118,036 84,711
151,036 114,711

CURRENT ASSETS
Stocks 872,000 695,000
Debtors 6 567,080 644,624
1,439,080 1,339,624
CREDITORS
Amounts falling due within one year 7 798,738 764,321
NET CURRENT ASSETS 640,342 575,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

791,378

690,014

CREDITORS
Amounts falling due after more than one
year

8

784,644

615,641
NET ASSETS 6,734 74,373

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 6,632 74,271
SHAREHOLDERS' FUNDS 6,734 74,373

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

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

THE RUBBER COMPANY (GB) LTD (REGISTERED NUMBER: 09725162)

BALANCE SHEET - continued
31 August 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 26 February 2025 and were signed on its behalf by:





Mr T J Card - Director


THE RUBBER COMPANY (GB) LTD (REGISTERED NUMBER: 09725162)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

The Rubber Company (GB) Ltd 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc - 33% on reducing balance, 25% on reducing balance and 20% 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.

THE RUBBER COMPANY (GB) LTD (REGISTERED NUMBER: 09725162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023 100,000 - 100,000
Additions - 8,000 8,000
At 31 August 2024 100,000 8,000 108,000
AMORTISATION
At 1 September 2023 70,000 - 70,000
Charge for year 5,000 - 5,000
At 31 August 2024 75,000 - 75,000
NET BOOK VALUE
At 31 August 2024 25,000 8,000 33,000
At 31 August 2023 30,000 - 30,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 78,019 12,414 79,435 17,241 187,109
Additions 3,680 291 68,746 617 73,334
Disposals (1,907 ) - (42,935 ) - (44,842 )
At 31 August 2024 79,792 12,705 105,246 17,858 215,601
DEPRECIATION
At 1 September 2023 46,756 9,809 36,337 9,496 102,398
Charge for year 4,102 648 16,502 2,419 23,671
Eliminated on disposal (1,381 ) - (27,123 ) - (28,504 )
At 31 August 2024 49,477 10,457 25,716 11,915 97,565
NET BOOK VALUE
At 31 August 2024 30,315 2,248 79,530 5,943 118,036
At 31 August 2023 31,263 2,605 43,098 7,745 84,711

THE RUBBER COMPANY (GB) LTD (REGISTERED NUMBER: 09725162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 567,080 644,624

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 370,579 199,643
Hire purchase contracts 13,070 6,767
Trade creditors 371,778 467,030
Taxation and social security 36,470 84,535
Other creditors 6,841 6,346
798,738 764,321

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,080 24,709
Hire purchase contracts 39,997 4,384
Other creditors 729,567 586,548
784,644 615,641