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REGISTERED NUMBER: 08431198 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

ROCKETT ST GEORGE LIMITED

ROCKETT ST GEORGE LIMITED (REGISTERED NUMBER: 08431198)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROCKETT ST GEORGE LIMITED

Company Information
for the year ended 31st March 2024







DIRECTORS: Mrs J E Rockett
Miss L R St George
Mr I H Ratcliff





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 08431198 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

ROCKETT ST GEORGE LIMITED (REGISTERED NUMBER: 08431198)

Statement of Financial Position
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 37,295 13,521
37,295 13,521

CURRENT ASSETS
Inventories 528,605 640,660
Debtors 6 302,074 175,911
Cash at bank and in hand 207,445 442,340
1,038,124 1,258,911
CREDITORS
Amounts falling due within one year 7 458,926 486,919
NET CURRENT ASSETS 579,198 771,992
TOTAL ASSETS LESS CURRENT LIABILITIES 616,493 785,513

CREDITORS
Amounts falling due after more than one
year

8

6,694

-
NET ASSETS 609,799 785,513

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 149,970 149,970
Retained earnings 459,629 635,343
SHAREHOLDERS' FUNDS 609,799 785,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

ROCKETT ST GEORGE LIMITED (REGISTERED NUMBER: 08431198)

Statement of Financial Position - continued
31st March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th October 2024 and were signed on its behalf by:





Miss L R St George - Director


ROCKETT ST GEORGE LIMITED (REGISTERED NUMBER: 08431198)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Rockett St George Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover 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;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 included 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 the following basis:

Computer equipment - 25% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in the Statement of Comprehensive Income.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ROCKETT ST GEORGE LIMITED (REGISTERED NUMBER: 08431198)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 1,225,000
AMORTISATION
At 1st April 2023
and 31st March 2024 1,225,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

ROCKETT ST GEORGE LIMITED (REGISTERED NUMBER: 08431198)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1st April 2023 31,772
Additions 45,525
At 31st March 2024 77,297
DEPRECIATION
At 1st April 2023 18,251
Charge for year 21,751
At 31st March 2024 40,002
NET BOOK VALUE
At 31st March 2024 37,295
At 31st March 2023 13,521

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
Additions 40,319
At 31st March 2024 40,319
DEPRECIATION
Charge for year 15,200
At 31st March 2024 15,200
NET BOOK VALUE
At 31st March 2024 25,119

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 729 13,609
Directors' current accounts - 1,235
Prepayments and accrued income 301,345 161,067
302,074 175,911

ROCKETT ST GEORGE LIMITED (REGISTERED NUMBER: 08431198)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 13,387 -
Trade creditors 155,209 124,789
Social security and other taxes 15,897 19,005
VAT 99,195 154,525
Other creditors 24,324 48,582
Directors' current accounts 144,003 133,475
Accrued expenses 6,911 6,543
458,926 486,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,694 -