Registered number
07204057
Mobile Rocket Limited
Filleted Accounts
30 April 2024
Mobile Rocket Limited
Registered number: 07204057
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 39,334 37,444
Current assets
Debtors 5 72,831 106,645
Cash at bank and in hand 668,475 286,583
741,306 393,228
Creditors: amounts falling due within one year 6 (214,473) (147,049)
Net current assets 526,833 246,179
Total assets less current liabilities 566,167 283,623
Creditors: amounts falling due after more than one year 7 (461,750) (32,407)
Provisions for liabilities (9,834) (9,361)
Net assets 94,583 241,855
Capital and reserves
Called up share capital 880 100
Profit and loss account 93,703 241,755
Shareholders' funds 94,583 241,855
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.
Adam Lee
Director
Approved by the board on 28 January 2025
Mobile Rocket Limited
Notes to the Accounts
for the year ended 30 April 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 15% - 33% Straight Line
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 21
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 26,500
At 30 April 2024 26,500
Amortisation
At 1 May 2023 26,500
At 30 April 2024 26,500
Net book value
At 30 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 90,950
Additions 14,776
At 30 April 2024 105,726
Depreciation
At 1 May 2023 53,506
Charge for the year 12,886
At 30 April 2024 66,392
Net book value
At 30 April 2024 39,334
At 30 April 2023 37,444
5 Debtors 2024 2023
£ £
Trade debtors 31,212 83,954
Other debtors 41,619 22,691
72,831 106,645
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 136,094 -
Taxation and social security costs 67,927 140,957
Other creditors 10,452 6,092
214,473 147,049
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 461,750 32,407
8 Other information
Mobile Rocket Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Welbury Way
Aycliffe Business Park
Newton Aycliffe
County Durham
DL5 6ZE
Mobile Rocket Limited 07204057 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Adam Lee No description of principal activity 07204057 2022-05-01 2023-04-30 07204057 core:WithinOneYear 2023-04-30 07204057 core:AfterOneYear 2023-04-30 07204057 core:ShareCapital 2023-04-30 07204057 core:RetainedEarningsAccumulatedLosses 2023-04-30 07204057 2023-05-01 2024-04-30 07204057 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07204057 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07204057 bus:Director40 2023-05-01 2024-04-30 07204057 1 2023-05-01 2024-04-30 07204057 2 2023-05-01 2024-04-30 07204057 core:PlantMachinery 2023-05-01 2024-04-30 07204057 countries:England 2023-05-01 2024-04-30 07204057 bus:FRS102 2023-05-01 2024-04-30 07204057 bus:FilletedAccounts 2023-05-01 2024-04-30 07204057 2024-04-30 07204057 core:WithinOneYear 2024-04-30 07204057 core:AfterOneYear 2024-04-30 07204057 core:ShareCapital 2024-04-30 07204057 core:RetainedEarningsAccumulatedLosses 2024-04-30 07204057 core:Goodwill 2024-04-30 07204057 core:PlantMachinery 2024-04-30 07204057 2023-04-30 07204057 core:Goodwill 2023-04-30 07204057 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure