1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,303 2,600 6,903 1,278 1,200 2,478 4,425 3,025 xbrli:pure xbrli:shares iso4217:GBP 13880748 2024-02-01 2025-01-31 13880748 2025-01-31 13880748 2024-01-31 13880748 2023-02-01 2024-01-31 13880748 2024-01-31 13880748 2023-01-31 13880748 bus:Director1 2024-02-01 2025-01-31 13880748 bus:Director2 2024-02-01 2025-01-31 13880748 core:WithinOneYear 2025-01-31 13880748 core:WithinOneYear 2024-01-31 13880748 core:ShareCapital 2025-01-31 13880748 core:ShareCapital 2024-01-31 13880748 core:RetainedEarningsAccumulatedLosses 2025-01-31 13880748 core:RetainedEarningsAccumulatedLosses 2024-01-31 13880748 bus:Director1 2024-01-31 13880748 bus:Director1 2025-01-31 13880748 bus:Director1 2023-01-31 13880748 bus:Director1 2024-01-31 13880748 bus:Director2 2023-01-31 13880748 bus:Director1 2023-02-01 2024-01-31 13880748 bus:Director2 2023-02-01 2024-01-31 13880748 bus:SmallEntities 2024-02-01 2025-01-31 13880748 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13880748 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13880748 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13880748 bus:FullAccounts 2024-02-01 2025-01-31 13880748 core:ToolsEquipment 2024-02-01 2025-01-31 13880748 core:ToolsEquipment 2024-01-31 13880748 core:ToolsEquipment 2025-01-31
COMPANY REGISTRATION NUMBER: 13880748
Rocket Science Productions Limited
Filleted Unaudited Financial Statements
31 January 2025
Rocket Science Productions Limited
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
4,425
3,025
Current assets
Debtors
6
4,903
Cash at bank and in hand
15,471
1,288
-------
------
15,471
6,191
Creditors: amounts falling due within one year
7
12,265
8,985
-------
------
Net current assets/(liabilities)
3,206
( 2,794)
------
------
Total assets less current liabilities
7,631
231
------
----
Net assets
7,631
231
------
----
Capital and reserves
Called up share capital
2
2
Profit and loss account
7,629
229
------
----
Shareholders funds
7,631
231
------
----
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 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:
Mr D Walmsley
Director
Company registration number: 13880748
Rocket Science Productions Limited
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 37 Chapel Road, Sale, Manchester, M33 7FD, UK.
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 and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
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.
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.
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:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 February 2024
4,303
Additions
2,600
------
At 31 January 2025
6,903
------
Depreciation
At 1 February 2024
1,278
Charge for the year
1,200
------
At 31 January 2025
2,478
------
Carrying amount
At 31 January 2025
4,425
------
At 31 January 2024
3,025
------
6. Debtors
2025
2024
£
£
Other debtors
4,903
----
------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
9,817
7,140
Social security and other taxes
2,429
545
Other creditors
19
1,300
-------
------
12,265
8,985
-------
------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Walmsley
4,903
( 4,922)
( 19)
Ms R Luck
------
----
------
----
4,903
( 4,922)
( 19)
------
----
------
----
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Walmsley
251
4,652
4,903
Ms R Luck
1
( 1)
----
------
----
------
252
4,651
4,903
----
------
----
------