ROCKCITY INDUSTRIES LTD

Company Registration Number:
06914621 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

ROCKCITY INDUSTRIES LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes

ROCKCITY INDUSTRIES LTD

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 70,841 14,743
Total fixed assets: 70,841 14,743
Current assets
Stocks: 4 193,250 141,000
Debtors: 5 459,061 425,606
Cash at bank and in hand: 22,378 66,538
Total current assets: 674,689 633,144
Creditors: amounts falling due within one year: 6 ( 568,953 ) ( 386,454 )
Net current assets (liabilities): 105,736 246,690
Total assets less current liabilities: 176,577 261,433
Creditors: amounts falling due after more than one year: 7 ( 118,211 ) ( 75,195 )
Total net assets (liabilities): 58,366 186,238
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 58,364 186,236
Total Shareholders' funds: 58,366 186,238

The notes form part of these financial statements

ROCKCITY INDUSTRIES LTD

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: M ENGLISH
Status: Director

The notes form part of these financial statements

ROCKCITY INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually when the goods have been delivered to customers such that the risks and rewards of ownership have been transferred to them.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives. The annual rates and methods of depreciation are as follows:Fixtures & Fittings - 15% & 33% reducing balance basisMotor vehicles - 20% reducing balance basisPlant & machinery - 20% reducing balance basis

    Other accounting policies

    StocksStock are stated at the lower of cost and estimated selling price less costs to complete and sell.The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and an appropriate proportion of overhead expenses.DebtorsShort term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment.Cash and cash equivalentsCash 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.CreditorsShort term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.Foreign currencyTransactions in foreign currency are translated at the spot rate at the date of the transactions. Assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange at the balance sheet date. All exchange differences are taken to the to the profit and loss account.

ROCKCITY INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

ROCKCITY INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 26,960 28,021 54,981
Additions 65,089 65,089
Disposals
Revaluations
Transfers
At 31 July 2023 92,049 28,021 120,070
Depreciation
At 1 August 2022 25,607 14,631 40,238
Charge for year 6,313 2,678 8,991
On disposals
Other adjustments
At 31 July 2023 31,920 17,309 49,229
Net book value
At 31 July 2023 60,129 10,712 70,841
At 31 July 2022 1,353 13,390 14,743

ROCKCITY INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Stocks

2023 2022
£ £
Stocks 193,250 141,000
Total 193,250 141,000

ROCKCITY INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors

2023 2022
£ £
Trade debtors 109,189 155,521
Prepayments and accrued income 6,026 2,237
Other debtors 343,846 267,848
Total 459,061 425,606

ROCKCITY INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 14,086 9,641
Amounts due under finance leases and hire purchase contracts 0 5,666
Trade creditors 6,672 36,693
Taxation and social security 15,992 1,531
Accruals and deferred income 4,000 4,000
Other creditors 528,203 328,923
Total 568,953 386,454

ROCKCITY INDUSTRIES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 28,211 29,343
Amounts due under finance leases and hire purchase contracts 0 5,189
Other creditors 90,000 40,663
Total 118,211 75,195