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REGISTERED NUMBER: 13387791 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Rockthorn Ltd

Rockthorn Ltd (Registered number: 13387791)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rockthorn Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S Curtis
I Howes





SECRETARY:





REGISTERED OFFICE: Suite 6
Keswick Hall
Norwich
Norfolk
NR4 6TJ





REGISTERED NUMBER: 13387791 (England and Wales)






Rockthorn Ltd (Registered number: 13387791)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 56,569 -
Tangible assets 5 8,843 25,131
65,412 25,131

CURRENT ASSETS
Debtors 6 726,182 582,400
Cash at bank 135,908 76,085
862,090 658,485
CREDITORS
Amounts falling due within one year 7 751,253 590,059
NET CURRENT ASSETS 110,837 68,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,249

93,557

CREDITORS
Amounts falling due after more than
one year

8

(107,270

)

(14,495

)

PROVISIONS FOR LIABILITIES (13,082 ) (4,775 )
NET ASSETS 55,897 74,287

Rockthorn Ltd (Registered number: 13387791)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 103 103
Share premium 50,000 50,000
Retained earnings 5,794 24,184
55,897 74,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





S Curtis - Director


Rockthorn Ltd (Registered number: 13387791)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Rockthorn Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 20% on cost
Computer Equipment - 33% on cost
Fixtures and Fittings - 20% on cost

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.


Rockthorn Ltd (Registered number: 13387791)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 62,855
At 31 May 2024 62,855
AMORTISATION
Charge for year 6,286
At 31 May 2024 6,286
NET BOOK VALUE
At 31 May 2024 56,569

Rockthorn Ltd (Registered number: 13387791)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 44,923
Additions 3,957
Disposals (29,000 )
At 31 May 2024 19,880
DEPRECIATION
At 1 June 2023 19,792
Charge for year 5,745
Eliminated on disposal (14,500 )
At 31 May 2024 11,037
NET BOOK VALUE
At 31 May 2024 8,843
At 31 May 2023 25,131

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 709,807 547,271
Other debtors 16,375 35,129
726,182 582,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 12,571 4,220
Trade creditors 564,404 494,127
Taxation and social security 112,234 67,079
Other creditors 62,044 24,633
751,253 590,059

Rockthorn Ltd (Registered number: 13387791)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 39,808 14,495
Other creditors 67,462 -
107,270 14,495