THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Company Registration Number:
11135985 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

This financial year The Rockets Children's Motorcycle Display Team included 13 children trained to ride a motorcycle. We performed our display at over 10 different showgrounds all around the country, entertaining thousands of people. The main base for training remains @ Lasham Airfield in Hampshire, training is conducted weekly during the winter period. As part of our commitment to the local community, we also attended local events and promoted the local area. This year we have been part of Alton Thank You Day and 2Excel Engineering Ltd’s families day. The emphasis behind The Rockets is still very much working and supporting children to understand, learn and develop the importance of teamwork and their attitude. Discipline and general life skills form a fundamental part of our training. We focus on individuals both on and off their bikes, from behaviour, respect, to commitment and dedication. Teaching them to ride a motorcycle comes from a strong foundation of these essential skills. The children very quickly learn they are part of something special, something they are all immensely proud of. In turn, children gain and build confidence, which leads to strong interpersonal skills. As an all-inclusive team we are able make adjustments for a varying range of disabilities. We are proud that no one is excluded by disability, gender, or social standing, we are inclusive to all.



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

MATTHEW CASWELL
KEVIN NUTMAN


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 October 2024

And signed on behalf of the board by:
Name: MATTHEW CASWELL
Status: Director

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 17,268 15,377
Cost of sales: ( 5,235 ) ( 3,919 )
Gross profit(or loss): 12,033 11,458
Distribution costs: 0 0
Administrative expenses: ( 12,615 ) ( 15,536 )
Other operating income: 4,000 6,000
Operating profit(or loss): 3,418 1,922
Interest receivable and similar income: 3,097 902
Profit(or loss) before tax: 6,515 2,824
Tax: ( 260 ) ( 321 )
Profit(or loss) for the financial year: 6,255 2,503

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,163 10,306
Total fixed assets: 5,163 10,306
Current assets
Debtors: 4 6,420 1,000
Cash at bank and in hand: 18,355 8,640
Total current assets: 24,775 9,640
Creditors: amounts falling due within one year: 5 ( 3,616 ) ( 9,293 )
Net current assets (liabilities): 21,159 347
Total assets less current liabilities: 26,322 10,653
Creditors: amounts falling due after more than one year: 6 ( 6,142 ) ( 8,997 )
Accruals and deferred income: ( 13,018 ) ( 750 )
Total net assets (liabilities): 7,162 906
Capital and reserves
Called up share capital: 6 6
Profit and loss account: 7,156 900
Total Shareholders' funds: 7,162 906

The notes form part of these financial statements

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 28 October 2024
and signed on behalf of the board by:

Name: MATTHEW CASWELL
Status: Director

The notes form part of these financial statements

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of valuation or an asset, less its residual value over the useful economic life of that asset as follows: 20% of straight line.

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

    Employees relate to the 2 Directors who are not remunerated.

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 16,117 312 7,288 23,717
Additions 6,300 6,300
Disposals ( 11,100 ) ( 11,100 )
Revaluations
Transfers
At 31 January 2024 11,317 312 7,288 18,917
Depreciation
At 1 February 2023 10,144 312 2,955 13,411
Charge for year 2,306 0 1,862 4,168
On disposals ( 3,825 ) 0 ( 3,825 )
Other adjustments 0 0
At 31 January 2024 8,625 312 4,817 13,754
Net book value
At 31 January 2024 2,692 0 2,471 5,163
At 31 January 2023 5,973 0 4,333 10,306

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Trade debtors 6,420 1,000
Total 6,420 1,000

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 9,293
Trade creditors 64
Taxation and social security 581
Other creditors 2,971
Total 3,616 9,293

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 6,142 8,997
Total 6,142 8,997

COMMUNITY INTEREST ANNUAL REPORT

THE ROCKETS CHILDREN'S MOTORCYCLE DISPLAY TEAM C.I.C.

Company Number: 11135985 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

This financial year The Rockets Children's Motorcycle Display Team included 13 children trained to ride a motorcycle. We performed our display at over 10 different showgrounds all around the country, entertaining thousands of people. The main base for training remains @ Lasham Airfield in Hampshire, training is conducted weekly during the winter period. As part of our commitment to the local community, we also attended local events and promoted the local area. This year we have been part of Alton Thank You Day and 2Excel Engineering Ltd’s families day. The emphasis behind The Rockets is still very much working and supporting children to understand, learn and develop the importance of teamwork and their attitude. Discipline and general life skills form a fundamental part of our training. We focus on individuals both on and off their bikes, from behaviour, respect, to commitment and dedication. Teaching them to ride a motorcycle comes from a strong foundation of these essential skills. The children very quickly learn they are part of something special, something they are all immensely proud of. In turn, children gain and build confidence, which leads to strong interpersonal skills. As an all-inclusive team we are able make adjustments for a varying range of disabilities. We are proud that no one is excluded by disability, gender, or social standing, we are inclusive to all.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 October 2024

And signed on behalf of the board by:
Name: MATTHEW CASWELL
Status: Director