Rubber Products (Leeds) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00609063

RUBBER PRODUCTS (LEEDS) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2025

RUBBER PRODUCTS (LEEDS) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

RUBBER PRODUCTS (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	174,902	180,176
Tangible assets	6	990,059	1,046,998
		-------------	-------------
		1,164,961	1,227,174

CURRENT ASSETS

Stocks		60,068	69,872
Debtors	7	303,982	282,743
Cash at bank and in hand		7,812	7,093
		----------	----------
		371,862	359,708

CREDITORS: amounts falling due within one year	8	493,508		642,240
		----------		----------
NET CURRENT LIABILITIES			121,646		282,532
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,043,315		944,642

CREDITORS: amounts falling due after more than one year	9	425,326	324,392
		-------------	----------
NET ASSETS		617,989	620,250
		-------------	----------

RUBBER PRODUCTS (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	10	101,454	101,454
Share premium account		12	12
Revaluation reserve		642,322	642,322
Capital redemption reserve		172	172
Profit and loss account		( 125,971)	( 123,710)
		----------	----------
SHAREHOLDERS FUNDS		617,989	620,250
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 22 May 2026 , and are signed on behalf of the board by:

Mrs S A Colley

Director

Company registration number: 00609063

RUBBER PRODUCTS (LEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Ingram Road, Holbeck, Leeds, West Yorkshire, LS11 9RQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Research and Development	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Plant and Machinery	-	15% reducing balance
Fixtures and Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

An amount equal to the excess of the annual depreciation charge on revalued assets over the national historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stock and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchases, costs of conversation and other costs incurred in bringing the stock to its present location and condition. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 12 (2024: 13 ).

5. INTANGIBLE ASSETS

	Development costs
	£
Cost
At 1 September 2024	638,302
Additions	34,090
	----------
At 31 August 2025	672,392
	----------
Amortisation
At 1 September 2024	458,126
Charge for the year	39,364
	----------
At 31 August 2025	497,490
	----------
Carrying amount
At 31 August 2025	174,902
	----------
At 31 August 2024	180,176
	----------

6. TANGIBLE ASSETS

	Freehold Property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 September 2024	1,075,000	690,060	116,797	29,291	1,911,148
Disposals	–	( 136,390)	–	–	( 136,390)
	-------------	----------	----------	---------	-------------
At 31 August 2025	1,075,000	553,670	116,797	29,291	1,774,758
	-------------	----------	----------	---------	-------------
Depreciation
At 1 September 2024	217,000	533,270	95,398	18,482	864,150
Charge for the year	21,500	22,789	5,350	2,702	52,341
Disposals	–	( 131,792)	–	–	( 131,792)
	-------------	----------	----------	---------	-------------
At 31 August 2025	238,500	424,267	100,748	21,184	784,699
	-------------	----------	----------	---------	-------------
Carrying amount
At 31 August 2025	836,500	129,403	16,049	8,107	990,059
	-------------	----------	----------	---------	-------------
At 31 August 2024	858,000	156,790	21,399	10,809	1,046,998
	-------------	----------	----------	---------	-------------

The freehold property was revalued by the directors at £1,075,000 on 31 August 2024.

Tangible assets held at valuation

	2025	2024
	£	£
Net book value at end of year	836,500	858,000
	----------	----------
Historical cost	442,807	442,807
	----------	----------
Depreciation at 1 September 2024	115,128	106,272
Depreciation charge for year	8,856	8,856
	----------	----------
Depreciation at 31 August 2025	123,984	115,128
	----------	----------
Net historical cost value
At 31 August 2025	318,823	327,679
	----------	----------
At 1 September 2024	327,679	345,391
	----------	----------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	302,282	280,040
Prepayments and accrued income	288	1,291
Corporation tax repayable	412	412
Other debtors	1,000	1,000
	----------	----------
	303,982	282,743
	----------	----------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,000	31,601
Trade creditors	197,770	277,878
Accruals and deferred income	990	3,360
Social security and other taxes	38,246	55,917
Obligations under finance leases and hire purchase contracts	18,335	20,858
Director loan accounts	14,000	3,500
Factoring creditor	213,257	243,724
Other creditors	5,910	5,402
	----------	----------
	493,508	642,240
	----------	----------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2025	2024
	£	£
Bank loan and overdraft	–	26,601
Amounts owed to factoring company	213,257	243,724
Directors current accounts	14,000	3,500
Hire purchase agreement	18,335	20,858
	----------	----------
	245,592	294,683
	----------	----------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	305,670	186,401
Obligations under finance leases and hire purchase contracts	35,000	53,335
Other creditors	84,656	84,656
	----------	----------
	425,326	324,392
	----------	----------

The following liabilities disclosed under creditors falling due more than one year are secured by the company:

	2025	2024
	£	£
Bank loan	305,670	186,401
Directors loan accounts	84,656	84,656
Hire purchase agreement	35,000	53,335
	----------	----------
	425,326	324,392
	----------	----------

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	454	454	454	454
Ordinary A shares of £ 1 each	101,000	101,000	101,000	101,000
	----------	----------	----------	----------
	101,454	101,454	101,454	101,454
	----------	----------	----------	----------

11. POST BALANCE SHEET EVENT

The company's freehold property was sold on 28 November 2025 and the company ceased to trade from that date.

12. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	6,935	6,935
	-------	-------

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.