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Registration number: 04448311

Rubber Box Co Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Rubber Box Co Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Rubber Box Co Limited

Company Information

Director

K O Kalthoff

Company secretary

M Hawley

Registered office

c/o McKellens, 11 Riverview
The Embankment Business Park
Vale Road,
Stockport
SK4 3GN

Auditors

McKellens Limited
Chartered Accountants & Statutory Auditor
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

 

Rubber Box Co Limited

(Registration number: 04448311)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

130,403

103,931

Current assets

 

Stocks

5

706,033

657,794

Debtors

6

114,554

416,716

Cash at bank and in hand

 

903,289

841,328

 

1,723,876

1,915,838

Creditors: Amounts falling due within one year

7

(292,467)

(398,128)

Net current assets

 

1,431,409

1,517,710

Total assets less current liabilities

 

1,561,812

1,621,641

Provisions for liabilities

(30,528)

(23,454)

Net assets

 

1,531,284

1,598,187

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,531,282

1,598,185

Shareholders' funds

 

1,531,284

1,598,187

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 July 2025
 

K O Kalthoff
Director

   
     
 

Rubber Box Co Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o McKellens, 11 Riverview
The Embankment Business Park
Vale Road,
Stockport
SK4 3GN

The principal place of business is:
39C Churchill Way
Lomeshaye Industrial Estate
Nelson
Lancashire
BB1 8AG

These financial statements were authorised for issue by the director on 8 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 8 July 2025 was Chris Booth, who signed for and on behalf of McKellens Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Rubber Box Co Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in cost of sales in the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on a reducing balance basis

Fixtures and fittings

15% on a reducing balance basis

Office equipment

15% on a reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rubber Box Co Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 16 (2023 - 16).

 

Rubber Box Co Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

63,505

347,617

411,122

Additions

39,285

10,203

49,488

At 31 December 2024

102,790

357,820

460,610

Depreciation

At 1 January 2024

36,381

270,810

307,191

Charge for the year

9,963

13,053

23,016

At 31 December 2024

46,344

283,863

330,207

Carrying amount

At 31 December 2024

56,446

73,957

130,403

At 31 December 2023

27,124

76,807

103,931

5

Stocks

2024
£

2023
£

Other inventories

706,033

657,794

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

82,305

156,248

Amounts owed by related parties

11

6,944

245,777

Prepayments

 

15,805

14,691

Other debtors

 

9,500

-

   

114,554

416,716

Details of non-current trade and other debtors

£Nil (2023 -£118,549) of amounts due from group undertakings is classified as non current.

 

Rubber Box Co Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

29,708

24,123

Taxation and social security

177,976

220,584

Accruals and deferred income

45,300

58,100

Other creditors

39,483

95,321

292,467

398,128

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

       
 

Rubber Box Co Limited

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

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Later than one year and not later than five years

97,500

127,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £30,000 (2023 - £30,000).

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £214,577.46 (2023 - £225,000.00) per each Ordinary share

429,155

450,000

 

 

11

Related party transactions

Summary of transactions with parent

Walther Electric GmbH and Walther Werke Ferdinand Walther GmbH
 Transactions with the immediate and ultimate parent undertakings and the fellow subsidiary, F Walther Electrics Limited, have not been disclosed separately as the results of the company and its fellow subsidiary are consolidated into group accounts prepared by the ultimate parent undertaking.
 

12

Parent and ultimate parent undertaking

The company's immediate parent is Walther Electric GmbH, incorporated in Germany.

 The ultimate parent is Walther Werke Ferdinand Walther GmbH, incorporated in Germany.