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REGISTERED NUMBER: 04372434 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

We Are Rocket Limited

We Are Rocket Limited (Registered number: 04372434)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


We Are Rocket Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Erskine





REGISTERED OFFICE: The Frames Business Centre
1 Phipp Street
London
EC2A 4PS





REGISTERED NUMBER: 04372434 (England and Wales)





ACCOUNTANTS: Mansfield & Co
55 Kentish Town Road
Camden Town
London
NW1 8NX

We Are Rocket Limited (Registered number: 04372434)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,845 12,654
9,845 12,654

CURRENT ASSETS
Debtors 6 360,253 526,212
Cash at bank 12,614 155,332
372,867 681,544
CREDITORS
Amounts falling due within one year 7 460,342 551,389
NET CURRENT (LIABILITIES)/ASSETS (87,475 ) 130,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

(77,630

)

142,809

CREDITORS
Amounts falling due after more than one year 8 13,519 22,564
NET (LIABILITIES)/ASSETS (91,149 ) 120,245

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Share premium 37,100 37,100
Capital redemption reserve 130 130
Retained earnings (129,479 ) 81,915
SHAREHOLDERS' FUNDS (91,149 ) 120,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

We Are Rocket Limited (Registered number: 04372434)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





J Erskine - Director


We Are Rocket Limited (Registered number: 04372434)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

We Are Rocket 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.

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 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.

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

We Are Rocket Limited (Registered number: 04372434)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 11,850
AMORTISATION
At 1 March 2023
and 29 February 2024 11,850
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 128,176
Additions 1,524
At 29 February 2024 129,700
DEPRECIATION
At 1 March 2023 115,522
Charge for year 4,333
At 29 February 2024 119,855
NET BOOK VALUE
At 29 February 2024 9,845
At 28 February 2023 12,654

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 230,562 503,320
Other debtors 129,691 22,892
360,253 526,212

We Are Rocket Limited (Registered number: 04372434)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 26,801 -
Trade creditors 215,816 127,381
Taxation and social security - 56,729
Other creditors 217,725 367,279
460,342 551,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 13,519 22,564

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other debtors includes unsecured loans of £56,102 to J Erskine who is the director of the company. The loan was repaid on 28th November 2024.