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REGISTERED NUMBER: 04734900 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Rockbit UK Limited

Rockbit UK Limited (Registered number: 04734900)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rockbit UK Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: DG Morley
J P Cravagan





SECRETARY: DG Morley





REGISTERED OFFICE: Units 2B & 2C
Buddle Industrial Estate
Benton Way
Wallsend
Tyne and Wear
NE28 6DL





REGISTERED NUMBER: 04734900 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Rockbit UK Limited (Registered number: 04734900)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 188,523 185,304
188,523 185,304

CURRENT ASSETS
Stocks 7 350,894 331,744
Debtors 8 1,371,554 964,364
Cash at bank 306,387 119,392
2,028,835 1,415,500
CREDITORS
Amounts falling due within one year 9 1,337,681 839,608
NET CURRENT ASSETS 691,154 575,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,677

761,196

CREDITORS
Amounts falling due after more than one
year

10

(132,028

)

(24,437

)

PROVISIONS FOR LIABILITIES (47,129 ) (46,323 )
NET ASSETS 700,520 690,436

Rockbit UK Limited (Registered number: 04734900)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 700,510 690,426
SHAREHOLDERS' FUNDS 700,520 690,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





DG Morley - Director


Rockbit UK Limited (Registered number: 04734900)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Rockbit UK Limited 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. STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of two years.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Intellectual property is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Rockbit UK Limited (Registered number: 04734900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

Rockbit UK Limited (Registered number: 04734900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INTANGIBLE ASSETS
Development Intellectual
Goodwill costs property Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 55,000 26,985 25,000 106,985
AMORTISATION
At 1 May 2023
and 30 April 2024 55,000 26,985 25,000 106,985
NET BOOK VALUE
At 30 April 2024 - - - -
At 30 April 2023 - - - -

6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 May 2023 18,218 420,829 2,995
Additions - - -
Disposals - - -
At 30 April 2024 18,218 420,829 2,995
DEPRECIATION
At 1 May 2023 14,647 304,242 2,313
Charge for year 1,822 29,047 102
Eliminated on disposal - - -
At 30 April 2024 16,469 333,289 2,415
NET BOOK VALUE
At 30 April 2024 1,749 87,540 580
At 30 April 2023 3,571 116,587 682

Rockbit UK Limited (Registered number: 04734900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 128,230 1,796 572,068
Additions 59,994 - 59,994
Disposals (14,750 ) - (14,750 )
At 30 April 2024 173,474 1,796 617,312
DEPRECIATION
At 1 May 2023 63,766 1,796 386,764
Charge for year 22,417 - 53,388
Eliminated on disposal (11,363 ) - (11,363 )
At 30 April 2024 74,820 1,796 428,789
NET BOOK VALUE
At 30 April 2024 98,654 - 188,523
At 30 April 2023 64,464 - 185,304

Rockbit UK Limited (Registered number: 04734900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 127,500 50,470 177,970
Additions - 33,999 33,999
Disposals - (14,750 ) (14,750 )
Reclassification/transfer (127,500 ) (35,720 ) (163,220 )
At 30 April 2024 - 33,999 33,999
DEPRECIATION
At 1 May 2023 95,174 32,334 127,508
Charge for year - 6,683 6,683
Eliminated on disposal - (11,363 ) (11,363 )
Reclassification/transfer (95,174 ) (21,278 ) (116,452 )
At 30 April 2024 - 6,376 6,376
NET BOOK VALUE
At 30 April 2024 - 27,623 27,623
At 30 April 2023 32,326 18,136 50,462

7. STOCKS
30.4.24 30.4.23
£    £   
Stocks 350,894 331,744

8. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 980,905 659,466
Other debtors 90,444 54,304
1,071,349 713,770

Rockbit UK Limited (Registered number: 04734900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DEBTORS - continued
30.4.24 30.4.23
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 300,205 250,594

Aggregate amounts 1,371,554 964,364

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 63,282 11,273
Hire purchase contracts 15,712 7,747
Trade creditors 739,627 434,044
Amounts owed to group undertakings 120,000 80,000
Taxation and social security 331,426 286,324
Other creditors 67,634 20,220
1,337,681 839,608

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 125,481 24,437
Hire purchase contracts 6,547 -
132,028 24,437

Rockbit UK Limited (Registered number: 04734900)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 184,071 34,439
Hire purchase contracts 22,259 7,747
206,330 42,186

The debts under hire purchase contracts are secured on the assets to which they relate.

The amount due in respect of bank loans is secured by a debenture over the assets of the company.

A personal guarantee for £80,000 to secure all banking liabilities of Rockbit UK Limited was given by D Morley, a director of the company.

12. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

Total amount of commitments is £49,500.