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Registered number: 06398839
Rockit Event Production Ltd
Financial Statements
For The Year Ended 31 October 2023
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06398839
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,785 114,263
104,785 114,263
CURRENT ASSETS
Debtors 5 281,453 296,976
Cash at bank and in hand 1,435 40,983
282,888 337,959
Creditors: Amounts Falling Due Within One Year 6 (263,175 ) (216,922 )
NET CURRENT ASSETS (LIABILITIES) 19,713 121,037
TOTAL ASSETS LESS CURRENT LIABILITIES 124,498 235,300
Creditors: Amounts Falling Due After More Than One Year 7 (119,449 ) (184,725 )
NET ASSETS 5,049 50,575
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 5,047 50,573
SHAREHOLDERS' FUNDS 5,049 50,575
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 C Baxter
Director
11/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rockit Event Production Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06398839 . The registered office is 1 Beauchamp Court Victors Way, Barnet, Hertfordshire, EN5 5TZ.
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. 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.
2.3. 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 10%
Motor Vehicles 20%
Computer Equipment 20%
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2022: 23)
30 23
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 292,303 15,742 14,585 322,630
Additions - - 3,896 3,896
As at 31 October 2023 292,303 15,742 18,481 326,526
Depreciation
As at 1 November 2022 189,740 10,359 8,268 208,367
Provided during the period 10,256 1,076 2,042 13,374
As at 31 October 2023 199,996 11,435 10,310 221,741
Net Book Value
As at 31 October 2023 92,307 4,307 8,171 104,785
As at 1 November 2022 102,563 5,383 6,317 114,263
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 240,918 244,346
Other debtors 40,535 52,630
281,453 296,976
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 124,053 88,059
Bank loans and overdrafts 30,550 -
Other creditors 23,413 18,351
Taxation and social security 85,159 110,512
263,175 216,922
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 119,449 184,725
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5