Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01No description of principal activity1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10388171 2023-05-01 2024-04-30 10388171 2022-05-01 2023-04-30 10388171 2024-04-30 10388171 2023-04-30 10388171 c:Director1 2023-05-01 2024-04-30 10388171 d:MotorVehicles 2023-05-01 2024-04-30 10388171 d:MotorVehicles 2024-04-30 10388171 d:MotorVehicles 2023-04-30 10388171 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10388171 d:Goodwill 2023-05-01 2024-04-30 10388171 d:CurrentFinancialInstruments 2024-04-30 10388171 d:CurrentFinancialInstruments 2023-04-30 10388171 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10388171 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10388171 d:ShareCapital 2024-04-30 10388171 d:ShareCapital 2023-04-30 10388171 d:RetainedEarningsAccumulatedLosses 2024-04-30 10388171 d:RetainedEarningsAccumulatedLosses 2023-04-30 10388171 c:FRS102 2023-05-01 2024-04-30 10388171 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10388171 c:FullAccounts 2023-05-01 2024-04-30 10388171 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10388171 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10388171









ROCKET MERCHANDISE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ROCKET MERCHANDISE LIMITED
REGISTERED NUMBER: 10388171

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,445
4,593

  
3,445
4,593

Current assets
  

Debtors: amounts falling due within one year
 5 
345,376
190,412

Cash at bank and in hand
 6 
7,699
22,901

  
353,075
213,313

Creditors: amounts falling due within one year
 7 
(149,628)
(217,806)

Net current assets/(liabilities)
  
 
 
203,447
 
 
(4,493)

Total assets less current liabilities
  
206,892
100

  

Net assets
  
206,892
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
206,792
-

  
206,892
100


Page 1

 
ROCKET MERCHANDISE LIMITED
REGISTERED NUMBER: 10388171
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Lyons
Director

Date: 10 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ROCKET MERCHANDISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Rocket Merchandise Limited is a private company limited by shares incorporated in England & Wales (registered number: 10388171). The registered office and the principal place of business is 7a Regis Road, London, England, NW5 3EW.
The financial statements are presented in GBP, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company.As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
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 Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
ROCKET MERCHANDISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ROCKET MERCHANDISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 5

 
ROCKET MERCHANDISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 May 2023
22,661



At 30 April 2024

22,661



Depreciation


At 1 May 2023
18,068


Charge for the year on owned assets
1,148



At 30 April 2024

19,216



Net book value



At 30 April 2024
3,445



At 30 April 2023
4,593


5.


Debtors

2024
2023
£
£


Trade debtors
82,251
89,197

Amounts owed by group undertakings
263,125
95,588

Other debtors
-
5,627

345,376
190,412



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,699
22,901

7,699
22,901


Page 6

 
ROCKET MERCHANDISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
55,467
123,008

Corporation tax
69,860
44,832

Other taxation and social security
6,694
-

Other creditors
-
20,000

Accruals and deferred income
17,607
29,966

149,628
217,806



8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the companyin an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £26,520 (2023: £27,195).


9.Security and guarantees

Barclays Bank Plc hold a fixed and floating charge securing all liabilities due to the bank.


10.


Controlling party

The ultimate controlling party is Lyons Presentation Group Ltd and the controlling partner is Daniel Lyons.

 
Page 7