Rockmasters Limited Filleted Accounts Cover
Rockmasters Limited
Company No. 02834840
Information for Filing with The Registrar
31 July 2023
Rockmasters Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 July 2023.
Principal activities
The principal activity of the company during the year under review was consulting activities.
Director
The Director who served at any time during the year was as follows:
S.C. Flood
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S.C. Flood
Company Secretary
22 July 2024
Rockmasters Limited Balance Sheet Registrar
at
31 July 2023
Company No.
02834840
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
1,2273,227
Investments
5
203,235203,235
204,462206,462
Current assets
Cash at bank and in hand
15,80416,641
15,80416,641
Creditors: Amount falling due within one year
6
(58,922)
(60,122)
Net current liabilities
(43,118)
(43,481)
Total assets less current liabilities
161,344162,981
Creditors: Amounts falling due after more than one year
7
(275,000)
(275,000)
Net liabilities
(113,656)
(112,019)
Capital and reserves
Called up share capital
100100
Profit and loss account
9
(113,756)
(112,119)
Total equity
(113,656)
(112,019)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 22 July 2024 and signed on its behalf by:
S.C. Flood
Director
22 July 2024
Rockmasters Limited Notes to the Accounts Registrar
for the year ended 31 July 2023
1
General information
Rockmasters Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 02834840
Its registered office is:
4 Frognal
London
NW3 6AJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
These accounts have been prepared on the basis the company is a going concern. The shareholders support the business as necessary and plan to continue doing so.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue 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.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
10% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 August 2022
132,997132,997
At 31 July 2023
132,997132,997
Depreciation
At 1 August 2022
129,770129,770
Charge for the year
2,0002,000
At 31 July 2023
131,770131,770
Net book values
At 31 July 2023
1,2271,227
At 31 July 2022
3,227
3,227
5
Investments
Other investments
Total
£
£
Cost or valuation
At 1 August 2022
203,235
203,235
At 31 July 2023
203,235
203,235
Provisions/Impairment
Net book values
At 31 July 2023
203,235
203,235
At 31 July 2022
203,235
203,235
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Other loans
29,69538,435
Taxes and social security
2,210
2,871
Loans from directors
13,06613,066
Other creditors
8,201-
Accruals and deferred income
5,7505,750
58,92260,122
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other creditors
275,000275,000
275,000275,000
8
Share Capital
100 Ordinary £1 shares
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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