53 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 7,817 1,110 8,927 3,519 1,339 4,858 4,069 4,298 xbrli:pure xbrli:shares iso4217:GBP 12319659 2024-01-01 2024-12-31 12319659 2024-12-31 12319659 2023-12-31 12319659 2023-01-01 2023-12-31 12319659 2023-12-31 12319659 2022-12-31 12319659 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 12319659 core:PlantMachinery 2024-01-01 2024-12-31 12319659 core:FurnitureFittings 2024-01-01 2024-12-31 12319659 core:MotorVehicles 2024-01-01 2024-12-31 12319659 bus:RegisteredOffice 2024-01-01 2024-12-31 12319659 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 12319659 bus:Director1 2024-01-01 2024-12-31 12319659 bus:Director3 2024-01-01 2024-12-31 12319659 bus:Director4 2024-01-01 2024-12-31 12319659 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 12319659 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 12319659 core:PlantMachinery 2023-12-31 12319659 core:FurnitureFittings 2023-12-31 12319659 core:MotorVehicles 2023-12-31 12319659 core:PlantMachinery 2024-12-31 12319659 core:FurnitureFittings 2024-12-31 12319659 core:MotorVehicles 2024-12-31 12319659 core:WithinOneYear 2024-12-31 12319659 core:WithinOneYear 2023-12-31 12319659 core:AfterOneYear 2024-12-31 12319659 core:AfterOneYear 2023-12-31 12319659 core:ShareCapital 2024-12-31 12319659 core:ShareCapital 2023-12-31 12319659 core:RetainedEarningsAccumulatedLosses 2024-12-31 12319659 core:RetainedEarningsAccumulatedLosses 2023-12-31 12319659 core:BetweenOneFiveYears 2024-12-31 12319659 core:BetweenOneFiveYears 2023-12-31 12319659 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 12319659 core:PlantMachinery 2023-12-31 12319659 core:FurnitureFittings 2023-12-31 12319659 core:MotorVehicles 2023-12-31 12319659 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-12-31 12319659 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-12-31 12319659 bus:SmallEntities 2024-01-01 2024-12-31 12319659 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12319659 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12319659 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12319659 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 12319659
Rockcliffe Group Int Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Rockcliffe Group Int Limited
Financial Statements
Year ended 31 December 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 9
Rockcliffe Group Int Limited
Officers and Professional Advisers
The board of directors
Mr Hussein Ayyub
Mr Zuber Bukhari
Mrs Erum Ayyub
Registered office
475 Walton Summit Centre
Bamber Bridge
Preston
England
PR5 8AR
Accountants
Xaviers Accountants Limited
Chartered Certified Accountants
Suite 3J
Recycling Lives Centre
1A Essex Street
Preston
PR1 1QE
Rockcliffe Group Int Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
4,069
4,298
Tangible assets
6
410,689
333,913
---------
---------
414,758
338,211
Current assets
Stocks
584,431
561,575
Debtors
7
1,035,180
513,011
Cash at bank and in hand
80
5,229
------------
------------
1,619,691
1,079,815
Creditors: amounts falling due within one year
8
( 1,937,484)
( 1,727,642)
------------
------------
Net current liabilities
( 317,793)
( 647,827)
---------
---------
Total assets less current liabilities
96,965
( 309,616)
Creditors: amounts falling due after more than one year
9
( 245,213)
( 30,560)
Provisions
( 78,032)
( 63,445)
---------
---------
Net liabilities
( 226,280)
( 403,621)
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 226,284)
( 403,625)
---------
---------
Shareholders deficit
( 226,280)
( 403,621)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Rockcliffe Group Int Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
Mr Hussein Ayyub
Director
Company registration number: 12319659
Rockcliffe Group Int Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 475 Walton Summit Centre, Bamber Bridge, Preston, PR5 8AR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.They are amortised on a straight line basis over their expected useful lives of 5 - 10 years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
15% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% straight line
Fixtures, fittings and equipment
-
10% straight line
Motor vehicles
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 53 (2023: 108 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 January 2024
7,817
Additions
1,110
-------
At 31 December 2024
8,927
-------
Amortisation
At 1 January 2024
3,519
Charge for the year
1,339
-------
At 31 December 2024
4,858
-------
Carrying amount
At 31 December 2024
4,069
-------
At 31 December 2023
4,298
-------
6. Tangible assets
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
380,548
116,760
32,995
530,303
Additions
98,217
15,842
38,065
152,124
---------
---------
--------
---------
At 31 December 2024
478,765
132,602
71,060
682,427
---------
---------
--------
---------
Depreciation
At 1 January 2024
133,412
49,780
13,198
196,390
Charge for the year
47,876
13,260
14,212
75,348
---------
---------
--------
---------
At 31 December 2024
181,288
63,040
27,410
271,738
---------
---------
--------
---------
Carrying amount
At 31 December 2024
297,477
69,562
43,650
410,689
---------
---------
--------
---------
At 31 December 2023
247,136
66,980
19,797
333,913
---------
---------
--------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 31 December 2024
37,998
--------
At 31 December 2023
19,797
--------
7. Debtors
2024
2023
£
£
Trade debtors
860,770
385,090
Other debtors
174,410
127,921
------------
---------
1,035,180
513,011
------------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
60,414
82,517
Trade creditors
1,035,451
735,232
Social security and other taxes
70,306
163,593
Other creditors
771,313
746,300
------------
------------
1,937,484
1,727,642
------------
------------
The company uses invoice financing, provided by Rbs Invoice Finance LTD, in respect of it's eligible debts. The facility is secured by a fixed and floating charge over the company's assets.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
224,535
19,870
Other creditors
20,678
10,690
---------
--------
245,213
30,560
---------
--------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
13,363
13,363
Later than 1 year and not later than 5 years
5,568
18,931
--------
--------
18,931
32,294
--------
--------
11. Related party transactions
At balance sheet date, the company owed £93,523 (2023:£254,656) to the directors. No interest has been charged to the company in respect of the directors loan balance which is repayable on demand and classified in creditors due within one year. Hussein Ayyub is a shareholder of Shazan Investments Limited. At the balance sheet date, balance due from Shazan Investment Limited of £83,302 to Rockcliffe Group Int Limited (2023:Due to £2,408). The loan from Shazan Investments Limited is interest free and repayable on demand and classified in other creditors due within one year.