Dexine Rubber Technologies Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08591847 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

DEXINE RUBBER TECHNOLOGIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Hughes Armstrong Industries Limited

C R Turner

J R C Chadwick

REGISTERED OFFICE:

Unit 1A & B Leyland Business Park

Centurion Way

Farington

Leyland

PR25 3GR

REGISTERED NUMBER:

08591847 (England and Wales)

ACCOUNTANTS:

Walker Begley Limited

Chartered Accountants

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

FIXED ASSETS

Intangible assets

4

-

750

Tangible assets

5

9,343

10,991

9,343

11,741

CURRENT ASSETS

Stocks

55,693

49,432

Debtors

231,508

228,883

Cash at bank

26,151

310,975

313,352

589,290

CREDITORS

Amounts falling due within one year

381,469

585,575

NET CURRENT (LIABILITIES)/ASSETS

(68,117

)

3,715

TOTAL ASSETS LESS CURRENT LIABILITIES

(58,774

)

15,456

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(58,874

)

15,356

(58,774

)

15,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 June 2022 and were signed on its behalf by:

C R Turner - Director

1.	STATUTORY INFORMATION

Dexine Rubber Technologies 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.

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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2020

and 30 June 2021

18,000

AMORTISATION

At 1 July 2020

17,250

Amortisation for year

750

At 30 June 2021

18,000

NET BOOK VALUE

At 30 June 2021

-

At 30 June 2020

750

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2020

and 30 June 2021

24,772

DEPRECIATION

At 1 July 2020

13,781

Charge for year

1,648

At 30 June 2021

15,429

NET BOOK VALUE

At 30 June 2021

9,343

At 30 June 2020

10,991

6.	SECURED DEBTS

The following secured debts are included within creditors:

30/6/21

30/6/20

£

£

Invoice finance

25,004

164,500

7.	ULTIMATE CONTROLLING PARTY

The controlling party is DLR Elastomer Engineering HoldingsLtd.

The ultimate controlling party is A J Wouterse.

The parent company is DLR Elastomer Engineering Holdings Ltd. The registered office is Unit 1A&B, Leyland Business Park, Centurion Way, Farington, Leyland, England, PR25 3GR.