Rock Unique Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 04289916

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		59,329		71,976

			59,329		71,976
CURRENT ASSETS
Stocks	5	467,339		699,589
Debtors	6	227,555		169,292
Cash at bank and in hand		5,512		33,820

		700,406		902,701
Creditors: Amounts Falling Due Within One Year	7	(839,472 )		(882,605 )

NET CURRENT ASSETS (LIABILITIES)			(139,066 )		20,096

TOTAL ASSETS LESS CURRENT LIABILITIES			(79,737 )		92,072

Creditors: Amounts Falling Due After More Than One Year	8		(15,349 )		(20,886 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,032 )		(17,018 )

NET (LIABILITIES)/ASSETS			(109,118 )		54,168

CAPITAL AND RESERVES
Called up share capital	9		1		1
Income Statement			(109,119 )		54,167

SHAREHOLDERS' FUNDS			(109,118)		54,168

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Rock Unique Limited

Statement of Financial Position (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Christopher Van Halewyn

Director

19/06/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Rock Unique Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04289916 . The registered office is 160 Eureka Park , Upper Pemberton , Ashford , Kent , TN25 4AZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future.

Subsequent to the balance sheet date, on 29th January 2025, the Company entered into a Company Voluntary Arrangement (CVA) with its creditors in order to restructure its liabilities and improve its financial position. The CVA was approved by the requisite majority of creditors and is expected to provide the Company with a viable platform for continued trading.

The directors have prepared forecasts and projections, taking into account the impact of the CVA, including revised payment schedules to creditors and expected future cash flows. These forecasts indicate that the Company will have sufficient resources to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements.

However, the directors acknowledge that there remains material uncertainty regarding the successful execution of the CVA and the achievement of the forecast trading performance. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern.

Nevertheless, having considered the available information, including the support of creditors under the CVA and the forecast cash flow projections, the directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Plant & Machinery	20% straight line
Motor Vehicles	20% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Rock Unique Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 12)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	115,814	32,842	101,553	103,109	353,318

As at 30 September 2024	115,814	32,842	101,553	103,109	353,318

Depreciation
As at 1 October 2023	100,769	32,842	86,830	60,901	281,342
Provided during the period	4,550	-	1,840	6,257	12,647

As at 30 September 2024	105,319	32,842	88,670	67,158	293,989

Net Book Value
As at 30 September 2024	10,495	-	12,883	35,951	59,329

As at 1 October 2023	15,045	-	14,723	42,208	71,976

5. Stocks

	2024	2023
	£	£
Stock	467,339	699,589

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Rock Unique Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	71,548	64,143
Prepayments and accrued income	6,822	6,335
Corporation tax recoverable assets	-	1,170
Deferred tax current asset	149,185	97,644

	227,555	169,292

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	641,673	773,203
Bank loans and overdrafts	10,781	10,780
Other taxes and social security	57,079	19,504
VAT	111,996	43,082
Other creditors	4,239	26,558
Accruals and deferred income	-	9,476
Director's loan account	13,704	2

	839,472	882,605

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	15,349	20,886

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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