Relate AccountsProduction v2.5.2 v2.5.2 2021-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is grocery retail with connected fuel station. 14 September 2022 43 42 NI017661 2021-12-31 NI017661 2020-12-31 NI017661 2019-12-31 NI017661 2021-01-01 2021-12-31 NI017661 2020-01-01 2020-12-31 NI017661 uk-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 NI017661 uk-bus:AbridgedAccounts 2021-01-01 2021-12-31 NI017661 uk-core:ShareCapital 2021-12-31 NI017661 uk-core:ShareCapital 2020-12-31 NI017661 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 NI017661 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 NI017661 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-12-31 NI017661 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2020-12-31 NI017661 uk-bus:FRS102 2021-01-01 2021-12-31 NI017661 uk-core:PlantMachinery 2021-01-01 2021-12-31 NI017661 2021-01-01 2021-12-31 NI017661 uk-bus:Director1 2021-01-01 2021-12-31 NI017661 uk-bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI017661
 
 
Rockmount Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2021
Rockmount Limited
Company Registration Number: NI017661
ABRIDGED BALANCE SHEET
as at 31 December 2021

2021 2020
Notes £ £
 
Fixed Assets
Tangible assets 4 62,197 63,608
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Current Assets
Stocks 144,509 134,149
Debtors 38,671 138,939
Cash and cash equivalents 262,104 103,319
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445,284 376,407
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Creditors: amounts falling due within one year (385,227) (298,515)
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Net Current Assets 60,057 77,892
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Total Assets less Current Liabilities 122,254 141,500
 
Creditors:
amounts falling due after more than one year (63,546) (80,162)
 
Provisions for liabilities (8,146) -
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Net Assets 50,562 61,338
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Capital and Reserves
Called up share capital 48,003 48,003
Retained earnings 2,559 13,335
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Shareholders' Funds 50,562 61,338
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 14 September 2022 and signed on its behalf by
           
________________________________          
Martin Ward          
Director          
           



Rockmount Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2021

   
1. General Information
 
Rockmount Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI017661. The registered office of the company is 32 Rathfriland Road, Newry, Down, BT34 1JZ, United Kingdom which is also the principal place of business of the company. The principal activity of the company is grocery retail with connected fuel station. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2021 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 43, (2020 - 42).
 
  2021 2020
  Number Number
 
Employees 43 42
  ═════════ ═════════
       
4. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 January 2021 87,556 87,556
Additions 5,500 5,500
  ───────── ─────────
At 31 December 2021 93,056 93,056
  ───────── ─────────
Depreciation
At 1 January 2021 23,948 23,948
Charge for the financial year 6,911 6,911
  ───────── ─────────
At 31 December 2021 30,859 30,859
  ───────── ─────────
Net book value
At 31 December 2021 62,197 62,197
  ═════════ ═════════
At 31 December 2020 63,608 63,608
  ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2021.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.