REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2021 |
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ROBAFOAM LTD |
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PREVIOUSLY KNOWN AS |
CERACON LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2021 |
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FOR |
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ROBAFOAM LTD |
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PREVIOUSLY KNOWN AS |
CERACON LTD |
ROBAFOAM LTD (REGISTERED NUMBER: 08316880) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 June 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ROBAFOAM LTD |
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COMPANY INFORMATION |
for the Year Ended 30 June 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Greville House |
10 Jury Street |
Warwick |
Warwickshire |
CV34 4EW |
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BANKERS: |
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73 The Parade |
Leamington Spa |
Leamington Spa |
Warwickshire |
CV32 4BB |
ROBAFOAM LTD (REGISTERED NUMBER: 08316880) |
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BALANCE SHEET |
30 June 2021 |
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30.6.21 | 30.6.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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ROBAFOAM LTD (REGISTERED NUMBER: 08316880) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 June 2021 |
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1. | STATUTORY INFORMATION |
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Robafoam Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Office equipment and furniture | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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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. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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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. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
ROBAFOAM LTD (REGISTERED NUMBER: 08316880) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2021 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
Plant and | and | Motor |
machinery | furniture | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2020 |
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Additions |
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Disposals | ( |
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At 30 June 2021 |
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DEPRECIATION |
At 1 July 2020 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2021 |
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NET BOOK VALUE |
At 30 June 2021 |
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At 30 June 2020 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and | Motor |
machinery | vehicles | Totals |
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COST |
At 1 July 2020 |
and 30 June 2021 |
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DEPRECIATION |
At 1 July 2020 |
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Charge for year |
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At 30 June 2021 |
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NET BOOK VALUE |
At 30 June 2021 |
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At 30 June 2020 |
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5. | DEBTORS |
30.6.21 | 30.6.20 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Prepayments and accrued income |
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ROBAFOAM LTD (REGISTERED NUMBER: 08316880) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2021 |
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5. | DEBTORS - continued |
30.6.21 | 30.6.20 |
£ | £ |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Bank loans and overdrafts |
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Other hire purchase contracts |
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Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Tax |
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Social security and other taxes |
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VAT | 55,769 | 31,919 |
Other creditors |
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Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Bank loan |
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Mezzanine loan |
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Other hire purchase contracts | 38,611 | 68,981 |
Hire purchase contracts |
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Amounts owed to group undertakings |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.21 | 30.6.20 |
value: | £ | £ |
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Ordinary | £1 | 25,000 | 25,000 |
ROBAFOAM LTD (REGISTERED NUMBER: 08316880) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 June 2021 |
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9. | RELATED PARTY DISCLOSURES |
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The director Mr R I Jones, is a director and shareholder of R J Adhesive Solutions Limited. |
During the year, R J Adhesive Solutions Limited were paid £97,333 (2020 £104,450) for service charges and management fees. |
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At the start of the year, CeraCon GmbH was a shareholder of CeraCon Limited. |
During the year, CeraCon GmbH sold their entire share holding to R J Adhesive Solutions Limited. The name |
of the company was then changed from CeraCon Limited to Robafoam Limited. |
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As part of the restructuring, the loans that had been outstanding to CeraCon Gmbh were settled and a discount given. An amount of £241,810 was written off to profit and loss and is disclosed as an exceptional item in profit and loss. |
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During the year CeraCon Limited purchased goods from CeraCon GmbH under normal commercial terms. |
At the year end there is a balance of £106,404 (2020 £50,239) disclosed within trade creditors. |
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At the year end, Robafoam Limited is owed £102,664 by R J Adhesive Solutions Limited. This amount is |
disclosed in debtors due after one year. |