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REGISTERED NUMBER: 04763811 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Rocks Off Ltd

Rocks Off Ltd (Registered number: 04763811)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rocks Off Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr G C Elliott
Mrs S A M Elliott
Mr I P Marshall





SECRETARY: Mrs S A M Elliott





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 04763811 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Rocks Off Ltd (Registered number: 04763811)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 11,259 22,186
Tangible assets 5 130,980 134,443
142,239 156,629

CURRENT ASSETS
Stocks 1,335,176 1,468,799
Debtors 6 330,658 569,517
Cash at bank and in hand 755,274 799,112
2,421,108 2,837,428
CREDITORS
Amounts falling due within one year 7 531,441 558,645
NET CURRENT ASSETS 1,889,667 2,278,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,031,906

2,435,412

CREDITORS
Amounts falling due after more than one
year

8

(2,285,045

)

(2,356,854

)

PROVISIONS FOR LIABILITIES - (16,573 )
NET (LIABILITIES)/ASSETS (253,139 ) 61,985

CAPITAL AND RESERVES
Called up share capital 9 1,003 1,003
Retained earnings (254,142 ) 60,982
SHAREHOLDERS' FUNDS (253,139 ) 61,985

Rocks Off Ltd (Registered number: 04763811)

Balance Sheet - continued
30 September 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 4 March 2025 and were signed on its behalf by:




Mr G C Elliott - Director



Mr I P Marshall - Director


Rocks Off Ltd (Registered number: 04763811)

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

1. STATUTORY INFORMATION

Rocks Off 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.

Revenue
Revenue represents amounts chargeable to customers during the year, excluding Value Added Tax. Goods and services provided to customers, which at the balance sheet date have not been invoiced, have been recognised as revenue. Revenue recognised in this manner is based on an assessment of the fair value of the goods/services provided at the balance sheet date as a proportion of the total value of the goods/services contracted for. Revenue is only recognised where the company has a contractual right to receive consideration for the goods/services provided.

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.

Brand development are being amortised evenly over their estimated useful life of six years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% 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.

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.

Rocks Off Ltd (Registered number: 04763811)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 17 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Brand Computer
development software Totals
£ £ £
COST
At 1 October 2023
and 30 September 2024 11,986 41,638 53,624
AMORTISATION
At 1 October 2023 11,986 19,452 31,438
Amortisation for year - 10,927 10,927
At 30 September 2024 11,986 30,379 42,365
NET BOOK VALUE
At 30 September 2024 - 11,259 11,259
At 30 September 2023 - 22,186 22,186

Rocks Off Ltd (Registered number: 04763811)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 October 2023 493,897 72,112 99,163 665,172
Additions 18,989 - 6,620 25,609
Disposals - - (56,089 ) (56,089 )
At 30 September 2024 512,886 72,112 49,694 634,692
DEPRECIATION
At 1 October 2023 385,241 64,592 80,896 530,729
Charge for year 21,682 1,230 6,159 29,071
Eliminated on disposal - - (56,088 ) (56,088 )
At 30 September 2024 406,923 65,822 30,967 503,712
NET BOOK VALUE
At 30 September 2024 105,963 6,290 18,727 130,980
At 30 September 2023 108,656 7,520 18,267 134,443

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 292,771 459,492
Other debtors 37,887 110,025
330,658 569,517

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 35 -
Trade creditors 32,770 40,931
Taxation and social security 441,439 457,607
Other creditors 57,197 60,107
531,441 558,645

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 2,285,045 2,356,854

Rocks Off Ltd (Registered number: 04763811)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1,003 1,003