ROCO9 LTD

Company Registration Number:
NI667038 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

ROCO9 LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

ROCO9 LTD

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 54,762 47,719
Tangible assets: 4 111,388 67,756
Investments:   0 0
Total fixed assets: 166,150 115,475
Current assets
Stocks: 1,237,546 378,545
Debtors:   69,404 523,982
Cash at bank and in hand: 856,363 72,329
Investments:   0 0
Total current assets: 2,163,313 974,856
Creditors: amounts falling due within one year:   (1,630,653) (764,067)
Net current assets (liabilities): 532,660 210,789
Total assets less current liabilities: 698,810 326,264
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (88,563) (70,168)
Total net assets (liabilities): 610,247 256,096
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 610,147 255,996
Shareholders funds: 610,247 256,096

The notes form part of these financial statements

ROCO9 LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Shane Connolly
Status: Director

The notes form part of these financial statements

ROCO9 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciationis 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 - 15% Straight lineFixtures, fittings and equipment - 15% Straight lineMotor vehicles - 20% Reducing balanceThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events orchanges in circumstances indicate the carrying value may not be recoverable.

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-outbasis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to theirpresent location and condition. Full provision is made for obsolete and slow moving items. Net realisablevalue comprises actual or estimated selling price (net of trade discounts) less all further costs to completionor to be incurred in marketing and selling.Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using theeffective interest method less impairment losses for bad and doubtful debts except where the effect ofdiscounting would be immaterial. In such cases the receivables are stated at cost less impairment losses forbad and doubtful debts.Borrowing costsBorrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them tothe cost of assets being acquired. Investment income earned on the temporary investment of specificborrowings pending their expenditure on the assets is deducted from the borrowing costs eligible forcapitalisation. All other borrowing costs are recognised in profit or loss in the period in which they areincurred.ProvisionsProvisions are recognised when the company has a present legal or constructive obligation arising as a resultof a past event, it is probable that an outflow of economic benefits will be required to settle the obligation anda reliable estimate can be made. Provisions are measured at the present value of the expenditures expectedto be required to settle the obligation using a pre-tax rate that reflects current market assessments of thesame value of money and the risks specific to the obligation. The increase in the provision due to passage oftime is recognised as interest expense.Trade and other creditorsTrade and other creditors are initially recognised at fair value and thereafter stated at amortised cost usingthe effective interest rate method, unless the effect of discounting would be immaterial, in which case theyare stated at cost.Taxation and deferred taxationCurrent tax represents the amount expected to be paid or recovered in respect of taxable profits for thefinancial year and is calculated using the tax rates and laws that have been enacted or substantially enactedat the Balance Sheet date.Deferred tax is recognised in respect of all timing differences that have originated but not reversed at thebalance sheet date where transactions or events have occurred at that date that will result in an obligation topay more tax in the future, or a right to pay less tax in the future. Timing differences are temporarydifferences 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 theperiods in which the timing differences are expected to reverse, based on tax rates and laws that have beenenacted or substantively enacted by the Balance Sheet date.Government grantsCapital grants received and receivable are treated as deferred income and amortised to the Profit and LossAccount annually over the useful economic life of the asset to which it relates. Revenue grants are credited tothe Profit and Loss Account when received.Foreign currenciesMonetary assets and liabilities denominated in foreign currencies are translated at the rates of exchangeruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in aforeign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetaryitems that are measured at fair value in a foreign currency are translated using the exchange rates at thedate when the fair value was determined. The resulting exchange differences are dealt with in the Profit andLoss Account.Research and developmentDevelopment expenditure is written off in the same financial year unless the directors are satisfied as to thetechnical, commercial and financial viability of individual projects. In this situation, the expenditure is deferredand amortised over the period from which the company is expected to benefit.Ordinary share capitalThe ordinary share capital of the company is presented as equity.

ROCO9 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 5 3

ROCO9 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 58,170
Additions 18,551
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 76,721
Amortisation
At 01 January 2022 10,451
Charge for year 11,508
On disposals 0
Other adjustments 0
At 31 December 2022 21,959
Net book value
At 31 December 2022 54,762
At 31 December 2021 47,719

ROCO9 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 87,964
Additions 72,699
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 160,663
Depreciation
At 01 January 2022 20,208
Charge for year 29,067
On disposals 0
Other adjustments 0
At 31 December 2022 49,275
Net book value
At 31 December 2022 111,388
At 31 December 2021 67,756

ROCO9 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Financial commitments

The company had no material capital commitments at the financial year-ended 31 December 2022.

ROCO9 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.Parent and ultimate parent companyThe company regards Ballytrain Plant & Commercial Sales Ltd as its parent company.The company's ultimate parent undertaking is Ballytrain Plant & Commercial Sales Ltd.The address of Ballytrain Plant & Commercial Sales Ltd is Shantonagh P.O., Ballytrain, Castleblayney, Co. Monaghan, Ireland.

ROCO9 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Post balance sheet events

There have been no significant events affecting the company since the financial year-end.