Acorah Software Products - Accounts Production 16.0.110 false true 10 February 2023 11 February 2022 false 11 February 2023 10 February 2024 10 February 2024 10000607 Mr Paul Boughton Mr Paul Beesley Mr Andrew Birch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10000607 2023-02-10 10000607 2024-02-10 10000607 2023-02-11 2024-02-10 10000607 frs-core:CurrentFinancialInstruments 2024-02-10 10000607 frs-core:Non-currentFinancialInstruments 2024-02-10 10000607 frs-core:ComputerEquipment 2024-02-10 10000607 frs-core:ComputerEquipment 2023-02-11 2024-02-10 10000607 frs-core:ComputerEquipment 2023-02-10 10000607 frs-core:FurnitureFittings 2024-02-10 10000607 frs-core:FurnitureFittings 2023-02-11 2024-02-10 10000607 frs-core:FurnitureFittings 2023-02-10 10000607 frs-core:MotorVehicles 2024-02-10 10000607 frs-core:MotorVehicles 2023-02-11 2024-02-10 10000607 frs-core:MotorVehicles 2023-02-10 10000607 frs-core:PlantMachinery 2024-02-10 10000607 frs-core:PlantMachinery 2023-02-11 2024-02-10 10000607 frs-core:PlantMachinery 2023-02-10 10000607 frs-core:ShareCapital 2024-02-10 10000607 frs-core:RetainedEarningsAccumulatedLosses 2024-02-10 10000607 frs-bus:PrivateLimitedCompanyLtd 2023-02-11 2024-02-10 10000607 frs-bus:FilletedAccounts 2023-02-11 2024-02-10 10000607 frs-bus:SmallEntities 2023-02-11 2024-02-10 10000607 frs-bus:AuditExempt-NoAccountantsReport 2023-02-11 2024-02-10 10000607 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-11 2024-02-10 10000607 frs-bus:Director1 2023-02-11 2024-02-10 10000607 frs-bus:Director2 2023-02-11 2024-02-10 10000607 frs-bus:Director3 2023-02-11 2024-02-10 10000607 frs-countries:EnglandWales 2023-02-11 2024-02-10 10000607 2022-02-10 10000607 2023-02-10 10000607 2022-02-11 2023-02-10 10000607 frs-core:CurrentFinancialInstruments 2023-02-10 10000607 frs-core:Non-currentFinancialInstruments 2023-02-10 10000607 frs-core:ShareCapital 2023-02-10 10000607 frs-core:RetainedEarningsAccumulatedLosses 2023-02-10
Registered number: 10000607
Rocket Removals and Storage Ltd
Financial Statements
For The Year Ended 10 February 2024
TaxAssist Harrogate
6 Mount Street
Harrogate
North Yorkshire
HG2 8DQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10000607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 126,089 203,088
126,089 203,088
CURRENT ASSETS
Debtors 5 82,986 54,972
Cash at bank and in hand 58,207 124,066
141,193 179,038
Creditors: Amounts Falling Due Within One Year 6 (184,918 ) (139,616 )
NET CURRENT ASSETS (LIABILITIES) (43,725 ) 39,422
TOTAL ASSETS LESS CURRENT LIABILITIES 82,364 242,510
Creditors: Amounts Falling Due After More Than One Year 7 (40,241 ) (54,817 )
NET ASSETS 42,123 187,693
CAPITAL AND RESERVES
Called up share capital 8 4,000 4,000
Profit and Loss Account 38,123 183,693
SHAREHOLDERS' FUNDS 42,123 187,693
Page 1
Page 2
For the year ending 10 February 2024 the company was entitled to exemption from audit 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.
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 Paul Boughton
Director
17/06/2024
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
Rocket Removals and Storage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10000607 . The registered office is Fringill Farm, Fringill Lane, Darley, Harrogate, North Yorkshire, HG3 2PY.
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 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 17)
18 17
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 11 February 2023 67,135 298,994 9,963 - 376,092
Additions - - 275 416 691
Disposals - (52,610 ) - - (52,610 )
As at 10 February 2024 67,135 246,384 10,238 416 324,173
Depreciation
As at 11 February 2023 38,924 130,836 3,244 - 173,004
Provided during the period 6,851 40,677 2,231 104 49,863
Disposals - (24,783 ) - - (24,783 )
As at 10 February 2024 45,775 146,730 5,475 104 198,084
Net Book Value
As at 10 February 2024 21,360 99,654 4,763 312 126,089
As at 11 February 2023 28,211 168,158 6,719 - 203,088
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 736 736
Prepayments and accrued income - 2,604
Other debtors 2,250 7,000
Directors' loan accounts - 44,632
Amounts owed by subsidiaries 80,000 -
82,986 54,972
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,935 2,934
Bank loans and overdrafts 91,613 104,048
Corporation tax 6,313 -
Other taxes and social security 3,926 -
VAT 32,623 16,512
Other creditors - 574
Directors' loan accounts 47,508 15,548
184,918 139,616
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 40,241 54,817
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,000 4,000
Page 5