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REGISTERED NUMBER: 11012558 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

ROCKET SERVICES LTD

ROCKET SERVICES LTD (REGISTERED NUMBER: 11012558)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ROCKET SERVICES LTD

Company Information
for the year ended 31 October 2023







Director: L M F Coleman





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 11012558 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

Accountants' Report to the Director
on the Unaudited Financial Statements of
Rocket Services Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rocket Services Ltd for the year ended 31 October 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rocket Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rocket Services Ltd and state those matters that we have agreed to state to the director of Rocket Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rocket Services Ltd and its director for our work or for this report.

It is your duty to ensure that Rocket Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rocket Services Ltd. You consider that Rocket Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rocket Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


29 October 2024

ROCKET SERVICES LTD (REGISTERED NUMBER: 11012558)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,567 3,423

Current assets
Debtors 5 116,133 21,698
Cash at bank 67,062 43,197
183,195 64,895
Creditors
Amounts falling due within one year 6 143,494 43,474
Net current assets 39,701 21,421
Total assets less current liabilities 42,268 24,844

Creditors
Amounts falling due after more than one
year

7

7,000

8,000
Net assets 35,268 16,844

Capital and reserves
Called up share capital 8 1 1
Retained earnings 35,267 16,843
Shareholders' funds 35,268 16,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROCKET SERVICES LTD (REGISTERED NUMBER: 11012558)

Balance Sheet - continued
31 October 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





L M F Coleman - Director


ROCKET SERVICES LTD (REGISTERED NUMBER: 11012558)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Rocket Services Ltd 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

ROCKET SERVICES LTD (REGISTERED NUMBER: 11012558)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 November 2022
and 31 October 2023 2,135 898 4,736 7,769
Depreciation
At 1 November 2022 1,628 224 2,494 4,346
Charge for year 126 169 561 856
At 31 October 2023 1,754 393 3,055 5,202
Net book value
At 31 October 2023 381 505 1,681 2,567
At 31 October 2022 507 674 2,242 3,423

ROCKET SERVICES LTD (REGISTERED NUMBER: 11012558)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 92,579 6,624
Other debtors 23,554 15,074
116,133 21,698

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 1,000 1,000
Trade creditors 28,756 4,766
Taxation and social security 38,176 13,893
Other creditors 75,562 23,815
143,494 43,474

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 7,000 8,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,000 4,000

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1