Rock Projects (SW) Ltd
for the Year Ended 30 June 2023
Registration number:
Rock Projects (SW) Ltd
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Rock Projects (SW) Ltd
Company Information
Director |
Mr G Caughey |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Rock Projects (SW) Ltd
for the Year Ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rock Projects (SW) Ltd for the year ended 30 June 2023 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Rock Projects (SW) Ltd, as a body, in accordance with the terms of our engagement letter dated 11 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Rock Projects (SW) Ltd and state those matters that we have agreed to state to the Board of Directors of Rock Projects (SW) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rock Projects (SW) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rock Projects (SW) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rock Projects (SW) Ltd. You consider that Rock Projects (SW) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rock Projects (SW) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Tiverton
Devon
EX16 6NL
Rock Projects (SW) Ltd
(Registration number: 06777715)
Balance Sheet as at 30 June 2023
2023 |
2022 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
( |
( |
Creditors: Amounts falling due after more than one year |
( |
( |
( |
( |
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Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Rock Projects (SW) Ltd
(Registration number: 06777715)
Balance Sheet as at 30 June 2023
Approved and authorised by the
......................................... |
Rock Projects (SW) Ltd
Detailed Profit and Loss Account for the Year Ended 30 June 2023
2023 |
2022 |
|
Turnover (analysed below) |
231,508 |
418,075 |
Cost of sales (analysed below) |
(141,109) |
(345,889) |
Gross profit |
90,399 |
72,186 |
Gross profit (%) |
39.05% |
17.27% |
Administrative expenses |
||
Employment costs (analysed below) |
(59,744) |
(71,935) |
Establishment costs (analysed below) |
(5,835) |
(12,411) |
General administrative expenses (analysed below) |
(23,683) |
(36,732) |
Finance charges (analysed below) |
(1,074) |
(1,678) |
Depreciation costs (analysed below) |
(11,521) |
(14,304) |
(101,857) |
(137,060) |
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Operating loss |
(11,458) |
(64,874) |
Interest payable and similar expenses (analysed below) |
(1,513) |
(1,029) |
Loss before tax |
(12,971) |
(65,903) |
Rock Projects (SW) Ltd
Detailed Profit and Loss Account for the Year Ended 30 June 2023
2023 |
2022 |
Turnover |
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Sale of goods, UK |
230,957 |
417,680 |
Interest received |
551 |
395 |
231,508 |
418,075 |
Cost of sales |
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Opening raw materials |
73,979 |
45,000 |
Purchases |
202,039 |
374,868 |
Closing raw materials |
(134,909) |
(73,979) |
141,109 |
345,889 |
Employment costs |
||
Wages and salaries (excluding directors) |
23,694 |
25,750 |
Directors remuneration |
36,050 |
43,750 |
Directors pensions (Defined contribution) |
- |
1,313 |
Staff welfare |
- |
1,122 |
59,744 |
71,935 |
Establishment costs |
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Insurance |
5,627 |
9,438 |
Use of home as office |
208 |
312 |
Repairs and maintenance |
- |
1,741 |
Equipment repairs and renewals |
- |
920 |
5,835 |
12,411 |
General administrative expenses |
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Telephone and fax |
2,040 |
2,508 |
Computer software and maintenance costs |
491 |
379 |
Printing, postage and stationery |
145 |
691 |
Sundry expenses |
2,294 |
50 |
Cleaning |
70 |
46 |
Motor expenses |
13,318 |
14,098 |
Travel and subsistence |
641 |
13,156 |
Advertising |
381 |
5 |
Customer entertaining (disallowable for tax) |
- |
329 |
Accountancy fees |
4,303 |
5,213 |
Consultancy fees |
- |
257 |
23,683 |
36,732 |
Finance charges |
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Bank charges |
1,074 |
1,678 |
Rock Projects (SW) Ltd
Detailed Profit and Loss Account for the Year Ended 30 June 2023
2023 |
2022 |
Depreciation costs |
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Depreciation of plant and machinery (owned) |
4,218 |
3,852 |
Depreciation of motor vehicles (owned) |
6,102 |
8,326 |
Depreciation of office equipment (owned) |
1,201 |
2,126 |
11,521 |
14,304 |
Interest payable and similar expenses |
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Bank interest payable |
144 |
- |
Bank loan interest payable |
879 |
1,224 |
Other interest payable |
490 |
(195) |
1,513 |
1,029 |