Acorah Software Products - Accounts Production 16.1.200 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 09864710 Z Ley S Ley J Baratta iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09864710 2022-09-30 09864710 2023-09-30 09864710 2022-10-01 2023-09-30 09864710 frs-core:CurrentFinancialInstruments 2023-09-30 09864710 frs-core:OtherResidualIntangibleAssets 2023-09-30 09864710 frs-core:OtherResidualIntangibleAssets 2022-10-01 2023-09-30 09864710 frs-core:OtherResidualIntangibleAssets 2022-09-30 09864710 frs-core:PlantMachinery 2023-09-30 09864710 frs-core:PlantMachinery 2022-10-01 2023-09-30 09864710 frs-core:PlantMachinery 2022-09-30 09864710 frs-core:OtherReservesSubtotal 2023-09-30 09864710 frs-core:SharePremium 2023-09-30 09864710 frs-core:ShareCapital 2023-09-30 09864710 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09864710 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09864710 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 09864710 frs-bus:SmallEntities 2022-10-01 2023-09-30 09864710 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09864710 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 09864710 frs-bus:Director1 2022-10-01 2023-09-30 09864710 frs-bus:Director2 2022-10-01 2023-09-30 09864710 frs-bus:Director3 2022-10-01 2023-09-30 09864710 frs-countries:EnglandWales 2022-10-01 2023-09-30 09864710 2021-09-30 09864710 2022-09-30 09864710 2021-10-01 2022-09-30 09864710 frs-core:CurrentFinancialInstruments 2022-09-30 09864710 frs-core:OtherReservesSubtotal 2022-09-30 09864710 frs-core:SharePremium 2022-09-30 09864710 frs-core:ShareCapital 2022-09-30 09864710 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 09864710
The Rockster Limited
Financial Statements
For The Year Ended 30 September 2023
Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09864710
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 11,578
Tangible Assets 5 676 2,630
676 14,208
CURRENT ASSETS
Stocks 6 382,794 6,482
Debtors 7 472,465 699,492
Cash at bank and in hand 416 480
855,675 706,454
Creditors: Amounts Falling Due Within One Year 8 (1,336,489 ) (761,757 )
NET CURRENT ASSETS (LIABILITIES) (480,814 ) (55,303 )
TOTAL ASSETS LESS CURRENT LIABILITIES (480,138 ) (41,095 )
NET LIABILITIES (480,138 ) (41,095 )
CAPITAL AND RESERVES
Called up share capital 9 1,356 1,356
Share premium account 1,643,513 1,643,513
Other reserves 90,771 90,771
Profit and Loss Account (2,215,778 ) (1,776,735 )
SHAREHOLDERS' FUNDS (480,138) (41,095)
Page 1
Page 2
For the year ending 30 September 2023 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
S Ley
Director
8 January 2025
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
The Rockster Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09864710 . The registered office is Acre House, 11/15 William Road, London, NW1 3ER.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. Research and Development
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date if the fair value can be measured reliably.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Research and development costs 5 years straight line
2.4. 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 5 years straight line
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
Page 3
Page 4
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 October 2022 58,438
As at 30 September 2023 58,438
Amortisation
As at 1 October 2022 46,860
Provided during the period 11,578
As at 30 September 2023 58,438
Net Book Value
As at 30 September 2023 -
As at 1 October 2022 11,578
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2022 20,238
As at 30 September 2023 20,238
Depreciation
As at 1 October 2022 17,608
Provided during the period 1,954
As at 30 September 2023 19,562
Net Book Value
As at 30 September 2023 676
As at 1 October 2022 2,630
6. Stocks
2023 2022
£ £
Stock 382,794 6,482
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 464,000 752,853
Prepayments and accrued income 252 (53,393 )
Other debtors 1,258 32
VAT 6,955 -
472,465 699,492
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 104,075 74,559
VAT - 2,887
Net wages 3,915 -
Other creditors 1,221,939 677,811
Accruals and deferred income 6,560 6,500
1,336,489 761,757
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,356 1,356
10. Related Party Transactions
At the year end the company owed £467,869 (2022: £84,918) to Life Partners Limited, a company under common control.
At the year end the company owed £121,456 (2022: £60,000) to Life Real Estate Limited, a company under common control.
At the year end the company owed £632,613 (2022: £482,171) to The Roclster Enterprises Limited, a company under common control based in Malta.
Page 5