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REGISTERED NUMBER: 04640582 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ROCK SOLID MIXER HIRE LIMITED

ROCK SOLID MIXER HIRE LIMITED (REGISTERED NUMBER: 04640582)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROCK SOLID MIXER HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr G Saundh





SECRETARY: Mr G Saundh





REGISTERED OFFICE: Unit 8-9 Phoenix Park
Bayton Road Industrial Estate
Coventry
Warwickshire
CV7 9QN





REGISTERED NUMBER: 04640582 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

ROCK SOLID MIXER HIRE LIMITED (REGISTERED NUMBER: 04640582)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,903 47,082
Tangible assets 5 1,648,881 1,084,324
1,693,784 1,131,406

CURRENT ASSETS
Stocks 64,251 57,974
Debtors 6 581,596 1,027,014
Cash at bank and in hand 511,537 657,431
1,157,384 1,742,419
CREDITORS
Amounts falling due within one year 7 619,361 999,626
NET CURRENT ASSETS 538,023 742,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,231,807

1,874,199

CREDITORS
Amounts falling due after more than one
year

8

(536,087

)

(408,429

)

PROVISIONS FOR LIABILITIES (279,651 ) (148,225 )
NET ASSETS 1,416,069 1,317,545

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 1,415,067 1,316,543
1,416,069 1,317,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

ROCK SOLID MIXER HIRE LIMITED (REGISTERED NUMBER: 04640582)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





Mr G Saundh - Director


ROCK SOLID MIXER HIRE LIMITED (REGISTERED NUMBER: 04640582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Rock Solid Mixer Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance and / or 8% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% reducing balance and / or 8% on cost
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ROCK SOLID MIXER HIRE LIMITED (REGISTERED NUMBER: 04640582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 48,698
AMORTISATION
At 1 January 2023 1,616
Amortisation for year 2,179
At 31 December 2023 3,795
NET BOOK VALUE
At 31 December 2023 44,903
At 31 December 2022 47,082

ROCK SOLID MIXER HIRE LIMITED (REGISTERED NUMBER: 04640582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 498,808 52,218 1,578,733 41,237 2,170,996
Additions 74,767 - 818,898 8,459 902,124
Disposals (685 ) - (497,574 ) - (498,259 )
At 31 December 2023 572,890 52,218 1,900,057 49,696 2,574,861
DEPRECIATION
At 1 January 2023 307,954 36,662 711,769 30,287 1,086,672
Charge for year 33,467 3,111 144,452 2,317 183,347
Eliminated on disposal (685 ) - (343,354 ) - (344,039 )
At 31 December 2023 340,736 39,773 512,867 32,604 925,980
NET BOOK VALUE
At 31 December 2023 232,154 12,445 1,387,190 17,092 1,648,881
At 31 December 2022 190,854 15,556 866,964 10,950 1,084,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 344,758 750,007
Other debtors 236,838 277,007
581,596 1,027,014

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 47,000
Hire purchase contracts 163,257 118,268
Trade creditors 288,503 716,929
Taxation and social security 53,907 105,683
Other creditors 113,694 11,746
619,361 999,626

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 129,250
Hire purchase contracts 536,087 279,179
536,087 408,429

ROCK SOLID MIXER HIRE LIMITED (REGISTERED NUMBER: 04640582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. SECURED DEBTS

Lloyds Bank PLC, hold a fixed and floating charge over the assets of the company that was created on 6th May 2021