Caseware UK (AP4) 2024.0.164 2024.0.164 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-12-01falseinvestment44truetrue 09888132 2022-12-01 2023-11-30 09888132 2021-12-01 2022-11-30 09888132 2023-11-30 09888132 2022-11-30 09888132 2021-12-01 09888132 c:PriorPeriodIncreaseDecrease 2021-12-01 2022-11-30 09888132 d:Director1 2022-12-01 2023-11-30 09888132 c:PlantMachinery 2022-12-01 2023-11-30 09888132 c:PlantMachinery 2023-11-30 09888132 c:PlantMachinery 2022-11-30 09888132 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 09888132 c:CurrentFinancialInstruments 2023-11-30 09888132 c:CurrentFinancialInstruments 2022-11-30 09888132 c:Non-currentFinancialInstruments 2023-11-30 09888132 c:Non-currentFinancialInstruments 2022-11-30 09888132 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 09888132 c:CurrentFinancialInstruments c:WithinOneYear 2022-11-30 09888132 c:Non-currentFinancialInstruments c:AfterOneYear 2023-11-30 09888132 c:Non-currentFinancialInstruments c:AfterOneYear 2022-11-30 09888132 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-11-30 09888132 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-11-30 09888132 c:ShareCapital 2022-12-01 2023-11-30 09888132 c:ShareCapital 2023-11-30 09888132 c:ShareCapital 2021-12-01 2022-11-30 09888132 c:ShareCapital 2022-11-30 09888132 c:ShareCapital 2021-12-01 09888132 c:SharePremium 2022-12-01 2023-11-30 09888132 c:SharePremium 2023-11-30 09888132 c:SharePremium 2021-12-01 2022-11-30 09888132 c:SharePremium 2022-11-30 09888132 c:SharePremium c:PriorPeriodIncreaseDecrease 2021-12-01 2022-11-30 09888132 c:SharePremium 2021-12-01 09888132 c:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 09888132 c:RetainedEarningsAccumulatedLosses 2023-11-30 09888132 c:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 09888132 c:RetainedEarningsAccumulatedLosses 2022-11-30 09888132 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2021-12-01 2022-11-30 09888132 c:RetainedEarningsAccumulatedLosses 2021-12-01 09888132 d:OrdinaryShareClass1 2022-12-01 2023-11-30 09888132 d:OrdinaryShareClass1 2023-11-30 09888132 d:OrdinaryShareClass1 2022-11-30 09888132 d:FRS102 2022-12-01 2023-11-30 09888132 d:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 09888132 d:FullAccounts 2022-12-01 2023-11-30 09888132 d:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09888132 e:PoundSterling 2022-12-01 2023-11-30 09888132 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2021-12-01 2022-11-30 09888132 c:SharePremium c:PreviouslyStatedAmount 2021-12-01 09888132 c:PreviouslyStatedAmount 2021-12-01 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09888132


ROCKETPHONE.AI LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023


















img5974.png
                                      
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
ROCKETPHONE.AI LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ROCKETPHONE.AI LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ROCKETPHONE.AI LIMITED for the year ended 30 November 2023 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of ROCKETPHONE.AI LIMITED in accordance with the terms of our engagement letter dated 19/09/23Our work has been undertaken solely to prepare for your approval the financial statements of ROCKETPHONE.AI LIMITED and state those matters that we have agreed to state to the director of ROCKETPHONE.AI LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ROCKETPHONE.AI LIMITED and its director for our work or for this report. 

It is your duty to ensure that ROCKETPHONE.AI LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ROCKETPHONE.AI LIMITED. You consider that ROCKETPHONE.AI LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of ROCKETPHONE.AI LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
 
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
4 April 2025
Page 1

 
ROCKETPHONE.AI LIMITED
REGISTERED NUMBER: 09888132

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,139
7,285

  
3,139
7,285

Current assets
  

Debtors: amounts falling due within one year
 6 
473,716
720,825

Cash at bank and in hand
 7 
181,693
8,915

  
655,409
729,740

Creditors: amounts falling due within one year
 8 
(425,472)
(521,738)

Net current assets
  
 
 
229,937
 
 
208,002

Total assets less current liabilities
  
233,076
215,287

Creditors: amounts falling due after more than one year
  
(50,000)
-

  

Net assets
  
183,076
215,287


Capital and reserves
  

Called up share capital 
 11 
1,083,603
1,062,689

Share premium account
 11 
2,659,583
2,023,403

Profit and loss account
  
(3,560,110)
(2,870,805)

  
183,076
215,287


Page 2

 
ROCKETPHONE.AI LIMITED
REGISTERED NUMBER: 09888132
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 April 2025.




Mr M Choudhury
Director

The notes on pages 6 to 11 form part of these financial statements.
Page 3

 
ROCKETPHONE.AI LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 December 2022
1,062,689
2,023,403
(2,870,805)
215,287


Comprehensive income for the year

Loss for the year
-
-
(689,305)
(689,305)
Total comprehensive income for the year
-
-
(689,305)
(689,305)


Contributions by and distributions to owners

Shares issued during the year
20,914
636,180
-
657,094


Total transactions with owners
20,914
636,180
-
657,094


At 30 November 2023
1,083,603
2,659,583
(3,560,110)
183,076


The notes on pages 6 to 11 form part of these financial statements.
Page 4

 
ROCKETPHONE.AI LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 December 2021 (as previously stated)
1,061,864
2,919,297
(2,840,675)
1,140,486

Prior year adjustment - correction of error
-
(1,061,676)
-
(1,061,676)

At 1 December 2021 (as restated)
1,061,864
1,857,621
(2,840,675)
78,810


Comprehensive income for the year

Loss for the year
-
-
(30,130)
(30,130)
Total comprehensive income for the year
-
-
(30,130)
(30,130)


Contributions by and distributions to owners

Shares issued during the year
825
165,782
-
166,607


Total transactions with owners
825
165,782
-
166,607


At 30 November 2022
1,062,689
2,023,403
(2,870,805)
215,287


The notes on pages 6 to 11 form part of these financial statements.
Page 5

 
ROCKETPHONE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

ROCKETPHONE.AI 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.
The principle activity of the company is that of IT services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in the income statement in the year in which they are incurred.

Page 6

 
ROCKETPHONE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 7

 
ROCKETPHONE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to the income statement.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 8

 
ROCKETPHONE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Plant and machinery etc

£



Cost or valuation


At 1 December 2022
20,959


Additions
1,914



At 30 November 2023

22,873



Depreciation


At 1 December 2022
13,674


Charge for the year on owned assets
6,060



At 30 November 2023

19,734



Net book value



At 30 November 2023
3,139



At 30 November 2022
7,285


6.


Debtors

2023
2022
£
£


Trade debtors
63,797
95,847

Other debtors
149,587
25,989

Corporation tax repayable
260,332
288,392

Deferred taxation
-
310,597

473,716
720,825


Page 9

 
ROCKETPHONE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
181,693
8,915

181,693
8,915



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
333
50,000

Trade creditors
44,588
46,953

Other taxation and social security
4,734
3,032

Other creditors
371,122
419,558

Accruals and deferred income
4,695
2,195

425,472
521,738



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
50,000
-

50,000
-


Page 10

 
ROCKETPHONE.AI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
333
50,000


333
50,000

Amounts falling due in more than one year

Bank loans
50,000
-


50,000
-



50,333
50,000


The loan with a principle amount of £50,000 commenced on 15th July 2020 and is due to be repaid by 15th July 2026.


11.


Share capital

As restated
2023
2022
£
£
Allotted, called up and fully paid



108,360,340 (2022 - 106,268,938) Ordinary shares of £0.01 each
1,083,603
1,062,689


During the year 2,091,402 (2022: 82,515) shares with a nominal value of £20,914 (2022: £825) and a share premium of £636,180 (2022: £165,782) were alloted.
The nominal value of the ordinary share capital was incorrectly stated in prior years, therefore the balance at 30th November 2022 has been restated. The adjusted issued share capital is £1,062,689 and the share premium is £2,023,403. The orginal accounts show £1,013 and £3,043,831 respectively.


12.


Transactions with directors

Included within the year end creditors balance is an amount due from the company to Mr M Choudury of £21,041 (2023: £48,441). Throughout the year, total withdrawal of funds amounted to £27,546, with total deposits of £146. The outstanding balance is unsecured, repayable on demand and not subject to interest.
 
Page 11