REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th December 2023 |
for |
Rockabyboo International Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th December 2023 |
for |
Rockabyboo International Limited |
Rockabyboo International Limited (Registered number: 11741680) |
Contents of the Financial Statements |
for the Year Ended 30th December 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Rockabyboo International Limited (Registered number: 11741680) |
Balance Sheet |
30th December 2023 |
30.12.23 | 30.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Rockabyboo International Limited (Registered number: 11741680) |
Notes to the Financial Statements |
for the Year Ended 30th December 2023 |
1. | COMPANY INFORMATION |
Rockabyboo International Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. |
Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
Computers 20% straight line |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Rockabyboo International Limited (Registered number: 11741680) |
Notes to the Financial Statements - continued |
for the Year Ended 30th December 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Going concern |
The directors are actively seeking further investment, to continue the development of the app, which they hope to ascertain in the coming year. The directors have expressed their support to the company financially and as such believe that the company will continue to operate as a going concern for the foreseeable future. |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 31st December 2022 |
and 30th December 2023 |
DEPRECIATION |
At 31st December 2022 |
Charge for year |
At 30th December 2023 |
NET BOOK VALUE |
At 30th December 2023 | ( |
) |
At 30th December 2022 | ( |
) |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.23 | 30.12.22 |
£ | £ |
Called up share capital not paid |
Prepayments |
Rockabyboo International Limited (Registered number: 11741680) |
Notes to the Financial Statements - continued |
for the Year Ended 30th December 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.23 | 30.12.22 |
£ | £ |
Directors' current accounts | 6,095 | 5,735 |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 30.12.23 | 30.12.22 |
value: | £ | £ |
Share capital 1 | 1 | 1,195 | 1,195 |
Of the 1,195 Ordinary shares issued 1,095 remain unpaid at the balance sheet date and are shown within other debtors. |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Dividends totalling £0 (2022 - £0) were paid in the year in respect of shares held by the company's directors. |
The company operates a joint directors loan account with directors Benjamin Jones and Alexis Jones. During the year the directors introduced £360 (2022: £1,299) and withdrew £nil (2022: £nil). At the balance sheet date, the company owed the directors £6,095 (2022: £5,735). |
This loan is interest free and repayable on demand. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is the directors. |