Registered number
07373603
Rocklore Exploration Services Limited
Filleted Accounts
30 September 2024
Rocklore Exploration Services Limited
Registered number: 07373603
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 175 214
Investments 4 5,500 5,500
5,675 5,714
Current assets
Debtors 5 44,837 45,714
Cash at bank and in hand 18,037 26,991
62,874 72,705
Creditors: amounts falling due within one year 6 (17,660) (29,518)
Net current assets 45,214 43,187
Net assets 50,889 48,901
Capital and reserves
Called up share capital 1 1
Profit and loss account 50,888 48,900
Shareholders' funds 50,889 48,901
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andrew Craig
Director
Approved by the board on 18 November 2024
Rocklore Exploration Services Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 4 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Computer equipment Office equipment Total
£ £ £
Cost
At 1 October 2023 4,534 677 5,211
Additions - 167 167
At 30 September 2024 4,534 844 5,378
Depreciation
At 1 October 2023 4,321 676 4,997
Charge for the year 150 56 206
At 30 September 2024 4,471 732 5,203
Net book value
At 30 September 2024 63 112 175
At 30 September 2023 213 1 214
4 Investments
Other
investments
£
Cost
At 1 October 2023 5,500
At 30 September 2024 5,500
5 Debtors 2024 2023
£ £
Trade debtors 44,837 45,714
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 16,944 28,802
Other creditors 716 716
17,660 29,518
7 Other information
Rocklore Exploration Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ilex Cottage
The Street
West Clandon
Guildford, Surrey
GU4 7TJ
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