Registered number
04302661
ROKiT Bikes International Limited
Report and Accounts
31 January 2023
ROKiT Bikes International Limited
Registered number: 04302661
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1 1
Current assets
Debtors 4 2 2
Net current assets 2 2
Net assets 3 3
Capital and reserves
Called up share capital 2 2
Profit and loss account 1 1
Shareholder's funds 3 3
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J L Kendrick
Director
Approved by the board on 19 October 2023
ROKiT Bikes International Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Fair value
At 1 February 2022 1
At 31 January 2023 1
The company holds 52,725 ordinary £0.001 shares in ROK Water Technology Limited, a company registered in England and Wales, as a result of the company acting as the original share subscriber to ROK Water Technology Limited. The directors are satisfied that a fair value of £1 is approriate.
4 Debtors 2023 2022
£ £
Other debtors 2 2
5 Controlling party
The company's parent company is ROKiT Group International Limited, a company registered in England, which has a registered office at ROKiT House, Kingswood Business Park, Holyhead Road, Albrighton, Staffordshire, WV7 3AU.
6 Other information
ROKiT Bikes International Limited is a private company limited by shares and incorporated in England. Its registered office is:
ROKiT House
Kingswood Business Park
Holyhead Road
Albrighton
Staffordshire
WV7 3AU
ROKiT Bikes International Limited 04302661 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 Mr J L Kendrick No description of principal activity 04302661 2021-02-01 2022-01-31 04302661 core:ShareCapital 2022-01-31 04302661 core:RetainedEarningsAccumulatedLosses 2022-01-31 04302661 2022-02-01 2023-01-31 04302661 bus:EntityNoLongerTradingButTradedInPast 2022-02-01 2023-01-31 04302661 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04302661 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 04302661 bus:Director40 2022-02-01 2023-01-31 04302661 1 2022-02-01 2023-01-31 04302661 2 2022-02-01 2023-01-31 04302661 countries:England 2022-02-01 2023-01-31 04302661 bus:FRS102 2022-02-01 2023-01-31 04302661 bus:FullAccounts 2022-02-01 2023-01-31 04302661 2023-01-31 04302661 core:ShareCapital 2023-01-31 04302661 core:RetainedEarningsAccumulatedLosses 2023-01-31 04302661 2022-01-31 iso4217:GBP xbrli:pure