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REGISTERED NUMBER: 08253241 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2021 to 30 April 2022

for

Rocket Horse Limited

Rocket Horse Limited (Registered number: 08253241)






Contents of the Financial Statements
for the Period 1 November 2021 to 30 April 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rocket Horse Limited

Company Information
for the Period 1 November 2021 to 30 April 2022







DIRECTORS: M Walsh
A Walsh





REGISTERED OFFICE: 31 Suite No F3 -1st Floor
Harrogate Road
Leeds
LS7 3PD





REGISTERED NUMBER: 08253241 (England and Wales)





ACCOUNTANTS: Brass Tax Accounting Limited
D4 Joseph's Well
Hanover Walk
Leeds
West Yorkshire
LS3 1AB

Rocket Horse Limited (Registered number: 08253241)

Statement of Financial Position
30 April 2022

30.4.22 31.10.21
Notes £    £   
FIXED ASSETS
Intangible assets 4 319,114 95,233
Tangible assets 5 3,498 4,364
322,612 99,597

CURRENT ASSETS
Debtors 6 80,502 63,938
Cash at bank and in hand 466 18,802
80,968 82,740
CREDITORS
Amounts falling due within one year 7 (347,273 ) (152,789 )
NET CURRENT LIABILITIES (266,305 ) (70,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,307

29,548

CREDITORS
Amounts falling due after more than one
year

8

(39,167

)

(39,167

)

PROVISIONS FOR LIABILITIES (120 ) (120 )
NET ASSETS/(LIABILITIES) 17,020 (9,739 )

CAPITAL AND RESERVES
Called up share capital 57 57
Share premium 175,137 175,137
Retained earnings (158,174 ) (184,933 )
17,020 (9,739 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2022 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.

Rocket Horse Limited (Registered number: 08253241)

Statement of Financial Position - continued
30 April 2022


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by:





M Walsh - Director


Rocket Horse Limited (Registered number: 08253241)

Notes to the Financial Statements
for the Period 1 November 2021 to 30 April 2022

1. STATUTORY INFORMATION

Rocket Horse 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.

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 four 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 - 33% on cost and 15% on reducing balance

Taxation
Taxation for the period 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Research and development expenditure
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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.

Rocket Horse Limited (Registered number: 08253241)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 30 April 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2021 237,133
Additions 257,228
At 30 April 2022 494,361
AMORTISATION
At 1 November 2021 141,900
Charge for period 33,347
At 30 April 2022 175,247
NET BOOK VALUE
At 30 April 2022 319,114
At 31 October 2021 95,233

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021
and 30 April 2022 13,489
DEPRECIATION
At 1 November 2021 9,125
Charge for period 866
At 30 April 2022 9,991
NET BOOK VALUE
At 30 April 2022 3,498
At 31 October 2021 4,364

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 31.10.21
£    £   
Trade debtors 52,913 48,627
Other debtors 27,589 15,311
80,502 63,938

Rocket Horse Limited (Registered number: 08253241)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 30 April 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 31.10.21
£    £   
Bank loans and overdrafts 12,491 10,000
Trade creditors 291,808 23,669
Taxation and social security (64,066 ) (9,944 )
Other creditors 107,040 129,064
347,273 152,789

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.22 31.10.21
£    £   
Bank loans 39,167 39,167

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2022 and the year ended 31 October 2021:

30.4.22 31.10.21
£    £   
M Walsh
Balance outstanding at start of period 12,242 4,857
Amounts advanced - 7,915
Amounts repaid (12,316 ) (530 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (74 ) 12,242

10. RELATED PARTY DISCLOSURES

At the reporting date, interest-free loans to the company from members of key management personnel totalling £75,089 were outstanding. This amount is presented within current liabilities.