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Registered number: 05517973
Rocaba Packaging Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Mostons
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05517973
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 771 7,418
771 7,418
CURRENT ASSETS
Stocks 6 514,491 795,768
Debtors 7 444,764 402,440
Investments 8 200 200
Cash at bank and in hand 761,508 1,284,311
1,720,963 2,482,719
Creditors: Amounts Falling Due Within One Year 9 (864,646 ) (1,186,934 )
NET CURRENT ASSETS (LIABILITIES) 856,317 1,295,785
TOTAL ASSETS LESS CURRENT LIABILITIES 857,088 1,303,203
PROVISIONS FOR LIABILITIES
Deferred Taxation (146 ) (1,410 )
NET ASSETS 856,942 1,301,793
CAPITAL AND RESERVES
Called up share capital 10 288 288
Capital redemption reserve 12 12
Profit and Loss Account 856,642 1,301,493
SHAREHOLDERS' FUNDS 856,942 1,301,793
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For the year ending 31 December 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sujan Shah
Director
02/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rocaba Packaging Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05517973 . The registered office is 29 The Green, Winchmore Hill, London, N21 1HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
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 at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2022: 35)
31 35
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 12,130 1,964 7,580 21,674
As at 31 December 2023 12,130 1,964 7,580 21,674
Depreciation
As at 1 January 2023 8,006 1,189 5,061 14,256
Provided during the period 4,002 194 2,451 6,647
As at 31 December 2023 12,008 1,383 7,512 20,903
Net Book Value
As at 31 December 2023 122 581 68 771
As at 1 January 2023 4,124 775 2,519 7,418
6. Stocks
2023 2022
£ £
Finished goods 514,491 795,768
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 307,646 329,507
Other debtors (1) 42,009 32,399
Other debtors (9) 24,600 40,534
Directors' loan accounts 70,409 -
Amounts owed by associates 100 -
444,764 402,440
8. Current Asset Investments
2023 2022
£ £
Shares in subsidiaries 200 200
200 200
Included in current asset investments are subsidiaries held at cost:
Peak Packaging Limited - Dormant  Holding 100%
Aggregate capital and reserves £100 (2022 £100)
Panther Office Supplies Limited - Dormant  Holding 100%
Aggregate capital and reserves £100 (2022 £100)
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 473,805 601,275
Corporation tax 40,837 150,587
Other taxes and social security 31,761 42,227
VAT 267,943 339,307
Directors' loan accounts 50,300 53,538
864,646 1,186,934
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 288 288
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 47,833 115,176
Later than one year and not later than five years - 129,833
47,833 245,009
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12. Related Party Transactions
During the year, the company traded with the following group companies which are also subsidiaries of Rocaba Investment Group Limited, the ultimate parent company.
Sales invoices raised to:
Rocaba Verpackung £97,940 (2022 £156,207)
Rocaba Ireland £124,156 (2022 £110,237)
Packaging Direct £21,483 (2022 £16,081l)
Purchase made through:
Rocaba Verpackung £51,279 (2022 £34,270)
Packaging Direct Limited £103,264 (2022 £104,325)
Rocaba Media Limited £nil (2022 £ nil)
Rent paid to:
Rocaba Investment Group £101,913 (2022 £nil)
Rent received from:
Rocaba Sports Limited £60,500 (2022 £nil)
Balances outstanding at the 31st December 2023:
Owed to Rocaba Verpackung £4,458 (2022 £ 4,743)
Owed by Rocaba Verpackung £36,646 (2022 £278)
Owed by Rocaba Ireland £7,706,646 (2022 £nil)
Owed to Packaging Direct Ltd £15,539 (2022 £2,056)
Owed by Packaging Direct Ltd £18,806 (2022 £ 38,059)
Owed by Rocaba Sports Limited £nil (2022 £7,500)
The balances will be repaid within one year and as such directors' feel that it would incur undue cost and effort to record the loan at its present value. Thus, it has been recorded at it transactional value.
Included in other creditors are loans from directors, at the 31 December 2023, of £50,300 (2022 £53,538). 
The loans are interest free and repayable on demand. They have been recorded at their transactional value.
Harding Cole LimitedControlled by the directorDirectors' Fees £72,794 (2022 £72,794), Marketing services £34,000 (2022 £34,000)

Harding Cole Limited

Controlled by the director

Directors' Fees £72,794 (2022 £72,794), Marketing services £34,000 (2022 £34,000)

Quantum Singularity LimitedControlled by the directorDirectors' Fees £nil (2022 £9,875), Marketing services £34,000 (2021 £430)

Quantum Singularity Limited

Controlled by the director

Directors' Fees £nil (2022 £9,875), Marketing services £34,000 (2021 £430)

13. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Rocaba Investment Group Limited . Rocaba Investment Group Limited was incorporated in (England & Wales). Copies of the group accounts may be obtained from the secretary, England . The controlling party is Sujan Shah who controls 60% of the shares of Rocaba Investment Group Limted.
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