Lancaster Rubber and Industrial Supplies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03731558

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		105,508		74,020

			105,508		74,020
CURRENT ASSETS
Stocks		60,000		60,000
Debtors	5	841,171		490,312
Cash at bank and in hand		69,029		290,037

		970,200		840,349
Creditors: Amounts Falling Due Within One Year	6	(269,311 )		(237,507 )

NET CURRENT ASSETS (LIABILITIES)			700,889		602,842

TOTAL ASSETS LESS CURRENT LIABILITIES			806,397		676,862

Creditors: Amounts Falling Due After More Than One Year	7		(116,766 )		(90,387 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(26,377 )		(18,505 )

NET ASSETS			663,254		567,970

CAPITAL AND RESERVES
Called up share capital	9		10,003		10,003
Profit and Loss Account			653,251		557,967

SHAREHOLDERS' FUNDS			663,254		567,970

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Lancaster Rubber and Industrial Supplies Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Eccles

Director

23/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Lancaster Rubber and Industrial Supplies Limited ,registered number 03731558 is a company limited by shares incorporated in England & Wales. The registered office is Unit 5 Standfast Complex, Caton Road, Lancaster, LA1 3PE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets over their expected useful lives on the following bases:

Freehold	0% Reducing Balance
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases and hire purchase agreements are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

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Lancaster Rubber and Industrial Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Taxation represents the sum of tax currently payable and deferred tax. The Company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1
Sales, marketing and distribution	1	1

	2	2

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	-	34,720	207,689	242,409
Additions	17,433	-	45,595	63,028
Disposals	-	-	(14,000 )	(14,000 )

As at 31 March 2025	17,433	34,720	239,284	291,437

Depreciation
As at 1 April 2024	-	30,940	137,449	168,389
Provided during the period	-	935	28,415	29,350
Disposals	-	-	(11,810 )	(11,810 )

As at 31 March 2025	-	31,875	154,054	185,929

...CONTINUED

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Lancaster Rubber and Industrial Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	17,433	2,845	85,230	105,508

As at 1 April 2024	-	3,780	70,240	74,020

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	253,547	179,847
Prepayments and accrued income	734	3,153
Loan - Luneside Properties Ltd	83,583	34,500
Loan - Lancaster Rubber Properties Ltd	301,902	115,357
Corporation tax recoverable assets	50,126	39,036
Directors' loan accounts	151,279	118,419

	841,171	490,312

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,131	14,440
Trade creditors	89,727	97,870
Bank loans and overdrafts	3,701	9,948
Corporation tax	119,962	92,821
Other taxes and social security	7,328	3,022
VAT	14,185	16,600
Net wages	10,629	-
Accruals and deferred income	5,648	2,806

	269,311	237,507

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	100,126	77,896
Bank loans	16,640	12,491

	116,766	90,387

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Lancaster Rubber and Industrial Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	118,257		92,335

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,003	10,003

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Andrew Eccles	(118,418 )	(2,635 )	2,878	-	(118,175 )

Interest in the sum of £2635 (2024 - £1532) has been paid to the Company in respect of the loan which is unsecured and repayable on demand.

11. Related Party Transactions

Lancaster Rubber Properties Ltd

Director and shareholder, Andrew Eccles, is also a Director and shareholder of the above Company. This Company has loaned monies to Lancaster Rubber Properties Ltd and the amount outstanding at 31st March 2025 was £301,902 (2024 - £115,357). The maximum amount outstanding during the year was £301,902 (2024 £115,357). This loan is interest free and repayable on demand.

Luneside Properties Ltd

Director and shareholder, Andrew Eccles, is also a Director and shareholder of the above Company. This Company has loaned monies to Luneside Properties Ltd totalling £83,583 (2024 - £34,500). This amount was outstanding at 31st March 2025. The maximum amount outstanding during the year was £83,583 (2024 - £34,500). This loan is interest free and repayable on demand.