REGISTERED NUMBER: 00851444 (England and Wales)

Financial Statements

for the Year Ended 30 April 2025

for

Rubbernek Fittings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M P Creighton

SECRETARY:

Miss L J Guest

REGISTERED OFFICE:

Lichfield Road

Brownhills

Walsall

West Midlands

WS8 6LH

REGISTERED NUMBER:

00851444 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCCA ACA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

BANKERS:

Barclays Bank UK Plc

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

5

2,989,159

2,286,185

CURRENT ASSETS

Stocks

6

1,070,008

1,144,288

Debtors

7

2,641,830

2,627,923

Cash at bank and in hand

2,586,174

2,591,883

6,298,012

6,364,094

CREDITORS

Amounts falling due within one year

8

(1,474,748

)

(1,461,085

)

NET CURRENT ASSETS

4,823,264

4,903,009

TOTAL ASSETS LESS CURRENT LIABILITIES

7,812,423

7,189,194

PROVISIONS FOR LIABILITIES

10

(271,074

)

(236,124

)

NET ASSETS

7,541,349

6,953,070

CAPITAL AND RESERVES

Called up share capital

11

7,800

7,800

Retained earnings

12

7,533,549

6,945,270

SHAREHOLDERS' FUNDS

7,541,349

6,953,070

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2025 and were signed by:

M P Creighton - Director

1.	STATUTORY INFORMATION

Rubbernek Fittings 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

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.

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.

Land and buildings

-

15% on reducing balance and 10% on cost

Plant and machinery etc

-

33% on cost, 25% on cost, 15% on reducing balance, 15% on cost and 12.5% on cost

Stocks & work-in-progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued on the completed proportion of the material cost plus a proportion of overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 39 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

1,384,313

2,277,479

3,661,792

Additions

635,090

415,817

1,050,907

Disposals

-

(90,395

)

(90,395

)

At 30 April 2025

2,019,403

2,602,901

4,622,304

DEPRECIATION

At 1 May 2024

194,010

1,181,597

1,375,607

Charge for year

22,688

276,281

298,969

Eliminated on disposal

-

(41,431

)

(41,431

)

At 30 April 2025

216,698

1,416,447

1,633,145

NET BOOK VALUE

At 30 April 2025

1,802,705

1,186,454

2,989,159

At 30 April 2024

1,190,303

1,095,882

2,286,185

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

127,000

DEPRECIATION

At 1 May 2024

63,500

Charge for year

15,875

At 30 April 2025

79,375

NET BOOK VALUE

At 30 April 2025

47,625

At 30 April 2024

63,500

6.

STOCKS

2025

2024

£

£

Stock

1,070,008

1,144,288

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

1,050,020

1,055,614

Amounts owed by group undertakings

784,664

785,382

Other debtors

807,146

758,863

2,641,830

2,599,859

Amounts falling due after more than one year:

Other debtors

-

28,064

Aggregate amounts

2,641,830

2,627,923

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

25,077

Trade creditors

466,655

476,198

Amounts owed to group undertakings

643,997

617,946

Taxation and social security

234,234

234,784

Other creditors

129,862

107,080

1,474,748

1,461,085

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

25,077

The hire purchase contracts are secured against the related fixed assets.

Composite Company Multilateral Guarantee dated 11 October 2005 given by R.F. Holdings Limited, Rubbernek Fittings Limited, Tru-Thread Limited, The Stampings Alliance Limited and R F Property & Estates Limited.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

271,074

236,124

Deferred

tax

£

Balance at 1 May 2024

236,124

Provided during year

34,950

Balance at 30 April 2025

271,074

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

7,500

Ordinary

£1

7,500

7,500

100

Ordinary A

£1

100

100

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

7,800

7,800

12.

RESERVES

Retained

earnings

£

At 1 May 2024

6,945,270

Profit for the year

692,611

Dividends

(104,332

)

At 30 April 2025

7,533,549

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

14.	OTHER FINANCIAL COMMITMENTS

As at 30 April 2025, there were outstanding pension contributions £6,640 (2024: £6,210).

15.	RELATED PARTY DISCLOSURES

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Creighton.