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REGISTERED NUMBER: 00332278 (England and Wales)















SHERBORNE RUBBER CO.LIMITED(THE)

Unaudited Financial Statements for the Year Ended 31 December 2024






SHERBORNE RUBBER CO.LIMITED(THE) (REGISTERED NUMBER: 00332278)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHERBORNE RUBBER CO.LIMITED(THE)

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D J Brown
S P Brown





SECRETARY: Mrs P A Brown





REGISTERED OFFICE: 38-50 Victoria Road
Aston
Birmingham
West Midlands
B6 5HF





REGISTERED NUMBER: 00332278 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

SHERBORNE RUBBER CO.LIMITED(THE) (REGISTERED NUMBER: 00332278)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,157 107,492

CURRENT ASSETS
Stocks 132,913 131,966
Debtors 5 260,478 294,213
Cash at bank - 10,592
393,391 436,771
CREDITORS
Amounts falling due within one year 6 196,531 238,312
NET CURRENT ASSETS 196,860 198,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,017

305,951

CREDITORS
Amounts falling due after more than one year 7 (18,130 ) (33,717 )

PROVISIONS FOR LIABILITIES (21,525 ) (18,543 )
NET ASSETS 249,362 253,691

CAPITAL AND RESERVES
Called up share capital 5,982 5,982
Share premium 5,282 5,282
Retained earnings 238,098 242,427
249,362 253,691

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

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

SHERBORNE RUBBER CO.LIMITED(THE) (REGISTERED NUMBER: 00332278)

Balance Sheet - continued
31 December 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 11 August 2025 and were signed on its behalf by:





S P Brown - Director


SHERBORNE RUBBER CO.LIMITED(THE) (REGISTERED NUMBER: 00332278)

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

1. STATUTORY INFORMATION

Sherborne Rubber Co.Limited(The) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

SHERBORNE RUBBER CO.LIMITED(THE) (REGISTERED NUMBER: 00332278)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 300,387 71,143 28,319 399,849
Additions 4,117 - - 4,117
At 31 December 2024 304,504 71,143 28,319 403,966
DEPRECIATION
At 1 January 2024 250,482 14,178 27,697 292,357
Charge for year 4,991 14,241 220 19,452
At 31 December 2024 255,473 28,419 27,917 311,809
NET BOOK VALUE
At 31 December 2024 49,031 42,724 402 92,157
At 31 December 2023 49,905 56,965 622 107,492

The net book value of tangible fixed assets includes £ 42,296 (2023 - £ 56,394 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 99,272 153,076
Amounts owed by group undertakings 140,744 110,859
Other debtors 20,462 30,278
260,478 294,213

SHERBORNE RUBBER CO.LIMITED(THE) (REGISTERED NUMBER: 00332278)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,651 -
Hire purchase contracts 14,032 14,400
Trade creditors 36,439 64,073
Amounts owed to group undertakings 97,073 106,245
Taxation and social security 24,910 22,800
Other creditors 21,426 30,794
196,531 238,312

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 12,863 27,697
Other creditors 5,267 6,020
18,130 33,717

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 26,895 42,097

Hire purchase liabilities are secured on the assets to which the borrowing relates.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.