Registered number
08398676
ROKiT Events Limited
Filleted Accounts
31 December 2023
ROKiT Events Limited
Registered number: 08398676
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 - 4,236
1 4,237
Current assets
Stocks 7,813 9,913
Debtors 5 5,705 5,967
Cash at bank and in hand 5,916 1,152
19,434 17,032
Creditors: amounts falling due within one year 6 (32,621) (68,497)
Net current liabilities (13,187) (51,465)
Net liabilities (163,863) (197,905)
Capital and reserves
Called up share capital 100 100
Profit and loss account (163,963) (198,005)
Shareholders' funds (163,863) (197,905)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J L Kendrick authorised representative of ROKiT Endorsements Limited
Director
Approved by the board on 17 September 2024
ROKiT Events Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
1 Accounting policies
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The company meets its day to day working capital requirements through the support of its parent company and group. This support is expected to continue for the forseeable future.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 1
At 31 December 2023 1
Amortisation
At 31 December 2023 -
Net book value
At 31 December 2023 1
At 31 December 2022 1
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 17,857
Additions -
At 31 December 2023 -
Depreciation
At 1 January 2023 13,621
Charge for the year 1,237
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 4,236
5 Debtors 2023 2022
£ £
Trade debtors 4,907 4,607
Other debtors 798 1,360
5,705 5,967
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,458 7,412
Taxation and social security costs 424 -
Other creditors 25,739 61,085
32,621 68,497
7 Controlling party
The company's ultimate parent company is ROKiT Stars Limited, a company registered in England and Wales, which prepares group accounts and has a registered office at ROKiT House, Kingswood Business Park, Holyhead Road, Albrighton, Staffordshire, WV7 3AU.
8 Other information
ROKiT Events Limited is a private company limited by shares and incorporated in England. Its registered office is:
ROKiT House
Kingswood Business Park
Holyhead Road
Albrighton
Staffordshire
WV7 3AU
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