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REGISTERED NUMBER: 06914621 (England and Wales)






















Rockcity Industries Ltd

Unaudited Financial Statements for the Year Ended 31st July 2024






Rockcity Industries Ltd (Registered number: 06914621)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rockcity Industries Ltd

Company Information
for the year ended 31st July 2024







DIRECTOR: M English





REGISTERED OFFICE: Hawthorn Avenue
Hull
East Yorkshire
HU3 5JX





REGISTERED NUMBER: 06914621 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Rockcity Industries Ltd (Registered number: 06914621)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 133,121 70,841
Investments 5 1,011 -
134,132 70,841

CURRENT ASSETS
Stocks 463,019 193,250
Debtors 6 429,222 459,061
Cash at bank and in hand 2,061 22,378
894,302 674,689
CREDITORS
Amounts falling due within one year 7 801,046 568,953
NET CURRENT ASSETS 93,256 105,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,388

176,577

CREDITORS
Amounts falling due after more than one
year

8

212,950

118,211
NET ASSETS 14,438 58,366

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,436 58,364
14,438 58,366

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

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

The director acknowledges his 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.

Rockcity Industries Ltd (Registered number: 06914621)

Balance Sheet - continued
31st July 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st March 2025 and were signed by:





M English - Director


Rockcity Industries Ltd (Registered number: 06914621)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

Rockcity Industries 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.

The significant accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Rockcity Industries Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually when the goods have been delivered to customers such that the risks and rewards of ownership have been transferred to them.

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 - 33% on reducing balance, 20% on reducing balance and 15% on reducing balance

Government grants
Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and an appropriate proportion of overhead expenses.


Rockcity Industries Ltd (Registered number: 06914621)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Transactions in foreign currency are translated at the spot rate at the date of the transactions. Assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange at the balance sheet date. All exchange differences are taken to the to the profit and loss account

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.

Pension contributions
The Company has a defined contribution pension scheme. The pension costs charged to the profit and loss account are the contributions payable in respect of the accounting period.

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 subsequently measured at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Rockcity Industries Ltd (Registered number: 06914621)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st August 2023 54,810 37,239 28,021 120,070
Additions 83,685 517 - 84,202
At 31st July 2024 138,495 37,756 28,021 204,272
DEPRECIATION
At 1st August 2023 4,568 27,352 17,309 49,229
Charge for year 18,270 1,509 2,143 21,922
At 31st July 2024 22,838 28,861 19,452 71,151
NET BOOK VALUE
At 31st July 2024 115,657 8,895 8,569 133,121
At 31st July 2023 50,242 9,887 10,712 70,841

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,011
At 31st July 2024 1,011
NET BOOK VALUE
At 31st July 2024 1,011

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,937 109,189
Amounts owed by group undertakings 48,402 -
Other debtors 282,883 349,872
429,222 459,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 14,086
Trade creditors 170,988 6,670
Amounts owed to group undertakings - 36,436
Taxation and social security 1,473 14,992
Other creditors 618,585 496,769
801,046 568,953

Rockcity Industries Ltd (Registered number: 06914621)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 18,211
Other creditors 205,450 100,000
212,950 118,211