Company Registration No. 08620244 (England and Wales)
Rocket Industries Limited
Unaudited Financial Statements
for the period from 1 August 2023 to 31 December 2024
Rocket Industries Limited
Unaudited Financial Statements
Contents
Rocket Industries Limited
Company Information
for the period from 1 August 2023 to 31 December 2024
Directors
James Cuss
Guy Ratcliffe
Company Number
08620244 (England and Wales)
Registered Office
Park House
North Street
Horsham
West Sussex
RH12 1RN
Accountants
Finovium & Co
7 Bell Yard
London
WC2A 2JR
Rocket Industries Limited
Statement of financial position
as at 31 December 2024
Tangible assets
4,994
3,581
Cash at bank and in hand
18,193
-
Creditors: amounts falling due within one year
(111,995)
(62,271)
Net current assets
28,818
37,965
Total assets less current liabilities
33,812
41,546
Creditors: amounts falling due after more than one year
(27,572)
(40,456)
Called up share capital
2
2
Profit and loss account
6,238
1,088
Shareholders' funds
6,240
1,090
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Guy Ratcliffe
Director
Company Registration No. 08620244
Rocket Industries Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 December 2024
Rocket Industries Limited is a private company, limited by shares, registered in England and Wales, registration number 08620244. The registered office is Park House, North Street, Horsham, West Sussex, RH12 1RN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years - straight line
Computer equipment
4 years - straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rocket Industries Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 December 2024
Investments in shares are included at fair value.
4
Tangible fixed assets
Total
At 31 December 2024
13,380
Charge for the period
3,345
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to directors
97,734
263,500
241,116
120,118
97,734
263,500
241,116
120,118
Loans to or from directors are charged/paid interest at the official rate. The directors' loan account balances totalling £120,118 (2023: £97,734) are included in "Other debtors".
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Average number of employees
During the period the average number of employees was 2 (2023: 2).