1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 9,543 120 9,663 8,702 654 9,356 307 841 xbrli:pure xbrli:shares iso4217:GBP 10004068 2023-03-01 2024-02-29 10004068 2024-02-29 10004068 2023-02-28 10004068 2022-03-01 2023-02-28 10004068 2023-02-28 10004068 2022-02-28 10004068 bus:Director1 2023-03-01 2024-02-29 10004068 core:WithinOneYear 2024-02-29 10004068 core:WithinOneYear 2023-02-28 10004068 core:AfterOneYear 2024-02-29 10004068 core:AfterOneYear 2023-02-28 10004068 core:ShareCapital 2024-02-29 10004068 core:ShareCapital 2023-02-28 10004068 core:RetainedEarningsAccumulatedLosses 2024-02-29 10004068 core:RetainedEarningsAccumulatedLosses 2023-02-28 10004068 bus:SmallEntities 2023-03-01 2024-02-29 10004068 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10004068 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10004068 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10004068 bus:FullAccounts 2023-03-01 2024-02-29 10004068 core:OfficeEquipment 2023-03-01 2024-02-29 10004068 core:OfficeEquipment 2023-02-28 10004068 core:OfficeEquipment 2024-02-29 10004068 bus:Director1 1 2023-03-01 2024-02-29 10004068 core:KeyManagementPersonnel 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 10004068
Rockmore Limited
Filleted Unaudited Financial Statements
29 February 2024
Rockmore Limited
Financial Statements
Year ended 29 February 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Rockmore Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
307
841
Current assets
Debtors
6
59,000
71,485
Creditors: amounts falling due within one year
7
48,349
48,465
--------
--------
Net current assets
10,651
23,020
--------
--------
Total assets less current liabilities
10,958
23,861
Creditors: amounts falling due after more than one year
8
8,391
13,049
--------
--------
Net assets
2,567
10,812
--------
--------
Capital and reserves
Called up share capital
10
10
Profit and loss account
2,557
10,802
-------
--------
Shareholders funds
2,567
10,812
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Rockmore Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
Mr M E Castle
Director
Company registration number: 10004068
Rockmore Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, the stage of completion can be measured reliably, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 March 2023
9,543
9,543
Additions
120
120
-------
-------
At 29 February 2024
9,663
9,663
-------
-------
Depreciation
At 1 March 2023
8,702
8,702
Charge for the year
654
654
-------
-------
At 29 February 2024
9,356
9,356
-------
-------
Carrying amount
At 29 February 2024
307
307
-------
-------
At 28 February 2023
841
841
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
18,963
36,433
Other debtors
40,037
35,052
--------
--------
59,000
71,485
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,880
10,936
Trade creditors
1,580
5,337
Corporation tax
26,231
16,261
Social security and other taxes
9,158
14,431
Other creditors
1,500
1,500
--------
--------
48,349
48,465
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,391
13,049
-------
--------
9. Director's advances, credits and guarantees
During the year advances of £13,614 were made to the director and repayments of £8,654. Interest of £505 was charged on this balance at a rate of 2.5% per annum.
10. Related party transactions
At the year end the director owed the company £18,290 (2023: £13,305).