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

RUBBER TECHNOLOGIES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09038334

RUBBER TECHNOLOGIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2018

RUBBER TECHNOLOGIES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2018

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

RUBBER TECHNOLOGIES LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2018

	2018		2017
Note	£	£	£	£

FIXED ASSETS

Investments	4		509,000		527,000

CURRENT ASSETS

Debtors	5	126,535	75,864
Cash at bank and in hand		1,591	1,000
		---------	--------
		128,126	76,864

CREDITORS: amounts falling due within one year	6	85,604		93,866
		---------		--------
NET CURRENT ASSETS/(LIABILITIES)			42,522		( 17,002)
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			551,522		509,998
			---------		---------

CAPITAL AND RESERVES

Called up share capital	1,000	1,000
Profit and loss account	550,522	508,998
	---------	---------
SHAREHOLDERS FUNDS	551,522	509,998
	---------	---------

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 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 30 June 2018 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 .

RUBBER TECHNOLOGIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2018

These financial statements were approved by the board of directors and authorised for issue on 29 March 2019 , and are signed on behalf of the board by:

Hughes Armstrong Industries Limited

Director

Company registration number: 09038334

RUBBER TECHNOLOGIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Perfecta Works, Bath Road, Kettering, Northamptonshire, NN16 8NQ.

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.

Income 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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 July 2017	527,000
Disposals	( 18,000)
	---------
At 30 June 2018	509,000
	---------
Impairment
At 1 July 2017 and 30 June 2018	–
	---------

Carrying amount
At 30 June 2018	509,000
	---------
At 30 June 2017	527,000
	---------

5. DEBTORS

	2018	2017
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	75,864	75,864
Other debtors	50,671	–
	---------	--------
	126,535	75,864
	---------	--------

6. CREDITORS: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	75,864	75,864
Corporation tax	9,740	–
Other creditors	–	18,002
	--------	--------
	85,604	93,866
	--------	--------