Rock Hop Films Limited 06481917 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Film production Digita Accounts Production Advanced 6.30.9574.0 true 06481917 2022-03-01 2023-02-28 06481917 2023-02-28 06481917 core:RetainedEarningsAccumulatedLosses 2023-02-28 06481917 core:ShareCapital 2023-02-28 06481917 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-02-28 06481917 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-02-28 06481917 core:CurrentFinancialInstruments 2023-02-28 06481917 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 06481917 core:Non-currentFinancialInstruments 2023-02-28 06481917 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 06481917 core:FurnitureFittingsToolsEquipment 2023-02-28 06481917 core:MotorVehicles 2023-02-28 06481917 core:OtherPropertyPlantEquipment 2023-02-28 06481917 bus:SmallEntities 2022-03-01 2023-02-28 06481917 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 06481917 bus:FullAccounts 2022-03-01 2023-02-28 06481917 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 06481917 bus:RegisteredOffice 2022-03-01 2023-02-28 06481917 bus:Director1 2022-03-01 2023-02-28 06481917 bus:Director2 2022-03-01 2023-02-28 06481917 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06481917 bus:Agent1 2022-03-01 2023-02-28 06481917 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 06481917 core:ShareCapital 2022-03-01 2023-02-28 06481917 core:ComputerEquipment 2022-03-01 2023-02-28 06481917 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 06481917 core:MotorVehicles 2022-03-01 2023-02-28 06481917 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 06481917 core:PlantMachinery 2022-03-01 2023-02-28 06481917 countries:EnglandWales 2022-03-01 2023-02-28 06481917 dpl:AdministrativeExpenses 2022-03-01 2023-02-28 06481917 dpl:CostSales 2022-03-01 2023-02-28 06481917 2022-02-28 06481917 core:RetainedEarningsAccumulatedLosses 2022-02-28 06481917 core:ShareCapital 2022-02-28 06481917 core:FurnitureFittingsToolsEquipment 2022-02-28 06481917 core:MotorVehicles 2022-02-28 06481917 core:OtherPropertyPlantEquipment 2022-02-28 06481917 2021-03-01 2022-02-28 06481917 2022-02-28 06481917 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-02-28 06481917 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-02-28 06481917 core:CurrentFinancialInstruments 2022-02-28 06481917 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 06481917 core:Non-currentFinancialInstruments 2022-02-28 06481917 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 06481917 core:FurnitureFittingsToolsEquipment 2022-02-28 06481917 core:MotorVehicles 2022-02-28 06481917 core:OtherPropertyPlantEquipment 2022-02-28 06481917 core:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 06481917 core:ShareCapital 2021-03-01 2022-02-28 06481917 dpl:AdministrativeExpenses 2021-03-01 2022-02-28 06481917 dpl:CostSales 2021-03-01 2022-02-28 06481917 2021-02-28 06481917 core:RetainedEarningsAccumulatedLosses 2021-02-28 06481917 core:ShareCapital 2021-02-28 iso4217:GBP xbrli:pure

Registration number: 06481917

Rock Hop Films Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Rock Hop Films Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 11

iXBRL Detailed Profit and Loss Account

12 to 13

 

Rock Hop Films Limited

Company Information

Directors

Mrs A Robertson

Mr J Robertson

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Certified Chartered Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Rock Hop Films Limited

Directors' Report for the Year Ended 28 February 2023

The directors present their report and the financial statements for the year ended 28 February 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs A Robertson

Mr J Robertson

Principal activity

The principal activity of the company is Film production

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 January 2024 and signed on its behalf by:
 

.........................................
Mr J Robertson
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rock Hop Films Limited
for the Year Ended 28 February 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 Hop Films Limited for the year ended 28 February 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Rock Hop Films Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rock Hop Films Limited and state those matters that we have agreed to state to the Board of Directors of Rock Hop Films Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rock Hop Films Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rock Hop Films Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rock Hop Films Limited. You consider that Rock Hop Films Limited 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 Hop Films Limited. 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.

......................................

Sterling Grove Accountants Limited
Certified Chartered Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

25 January 2024

 

Rock Hop Films Limited

Profit and Loss Account for the Year Ended 28 February 2023

Note

2023
£

2022
£

Turnover

 

326,923

365,476

Cost of sales

 

(31,492)

(41,188)

Gross profit

 

295,431

324,288

Administrative expenses

 

(88,407)

(62,820)

Operating profit

 

207,024

261,468

Other interest receivable and similar income

 

3

75

Interest payable and similar expenses

 

18,242

(2,195)

   

18,245

(2,120)

Profit before tax

225,269

259,348

Tax on profit

 

(45,280)

(50,672)

Profit for the financial year

 

179,989

208,676

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Rock Hop Films Limited

(Registration number: 06481917)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

96,534

108,597

Current assets

 

Debtors

5

36,472

27,776

Cash at bank and in hand

 

291,868

298,848

 

328,340

326,624

Creditors: Amounts falling due within one year

6

(186,733)

(199,881)

Net current assets

 

141,607

126,743

Total assets less current liabilities

 

238,141

235,340

Creditors: Amounts falling due after more than one year

6

(82,299)

(101,675)

Provisions for liabilities

(6,205)

(4,017)

Net assets

 

149,637

129,648

Capital and reserves

 

Called up share capital

100

100

Retained earnings

149,537

129,548

Shareholders' funds

 

149,637

129,648

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 January 2024 and signed on its behalf by:
 

.........................................
Mr J Robertson
Director

 

Rock Hop Films Limited

Statement of Changes in Equity for the Year Ended 28 February 2023

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

100

129,548

129,648

Profit for the year

-

179,989

179,989

Dividends

-

(160,000)

(160,000)

At 28 February 2023

100

149,537

149,637

Share capital
£

Retained earnings
£

Total
£

At 1 March 2021

100

50,872

50,972

Profit for the year

-

208,676

208,676

Dividends

-

(130,000)

(130,000)

At 28 February 2022

100

129,548

129,648

 

Rock Hop Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the Board on 25 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

 

Rock Hop Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Computer equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rock Hop Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Rock Hop Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2022

24,573

106,656

12,783

144,012

Additions

2,758

-

-

2,758

Disposals

(4,561)

-

-

(4,561)

At 28 February 2023

22,770

106,656

12,783

142,209

Depreciation

At 1 March 2022

16,094

9,721

9,600

35,415

Charge for the year

1,694

9,721

637

12,052

Eliminated on disposal

(1,792)

-

-

(1,792)

At 28 February 2023

15,996

19,442

10,237

45,675

Carrying amount

At 28 February 2023

6,774

87,214

2,546

96,534

At 28 February 2022

8,479

96,935

3,183

108,597

5

Debtors

Current

2023
£

2022
£

Trade debtors

36,472

27,776

 

36,472

27,776

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

19,376

18,887

Trade creditors

 

-

469

Taxation and social security

 

163,470

158,543

Accruals and deferred income

 

3,300

3,300

Other creditors

 

587

18,682

 

186,733

199,881

 

Rock Hop Films Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

82,299

101,675

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

22,500

32,500

Hire purchase contracts

59,799

69,175

82,299

101,675

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Hire purchase contracts

9,376

8,887

19,376

18,887

 

Rock Hop Films Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 28 February 2023

2023
£

2022
£

Turnover/revenue

326,923

365,476

Cost of sales

Opening stock/inventories

-

-

Closing stock/inventories

-

-

External commission costs

(31,492)

(41,188)

Gross profit

295,431

324,288

Distribution costs

Administrative expenses

Audit and accountancy other services

(6,958)

(3,923)

Client entertaining costs

(2,719)

(1,958)

Other repairs and maintenance costs

(580)

(92)

Depreciation of Fixed assets

(12,052)

(12,071)

Vehicle costs

(3,378)

(3,792)

Social security costs excluding directors

(678)

-

Salaries and fees, directors

(25,000)

(25,000)

Company contributions to money purchase plans, directors

(7,781)

(6,107)

Staff costs, directors

(32,781)

(31,107)

Travel and subsistence

(19,463)

(3,137)

Legal and professional costs

(1,600)

(3,114)

Bank charges

(1,468)

(464)

Insurance costs

(273)

(257)

IT and computing

(840)

(443)

Telecommunications

(2,256)

(1,743)

Printing, postage and stationery

(86)

(274)

Subscriptions

(100)

(133)

Other costs

(406)

(312)

Other operating income

Other items

Loss from disposal of Fixed assets

(2,769)

-

Profit on ordinary activities before finance charges and interest

207,024

261,468

Bank interest and similar income receivable

3

-

Non-bank interest and similar income receivable

-

75

Foreign exchange gain included in finance income

24,951

878

Interest expense on bank overdraft, bank loans and similar borrowings

(968)

(897)

Non-bank interest and similar charges

(1,747)

(625)

Interest expense on obligations under finance leases and hire purchase contracts

(3,994)

(1,551)

 

Rock Hop Films Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 28 February 2023

2023
£

2022
£

Profit on ordinary activities before taxation

225,269

259,348

Tax on profit or loss on ordinary activities

(45,280)

(50,672)

Profit for the financial year

179,989

208,676