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REGISTERED NUMBER: 04479214 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Rockworks Limited

Rockworks Limited (Registered number: 04479214)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rockworks Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P R Myers
S Jones





SECRETARY: P R Myers





REGISTERED OFFICE: Units 19-20
Stanelaw Way
Tanfield Lea Industrial Estate
Stanley
County Durham
DH9 9XB





REGISTERED NUMBER: 04479214 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Rockworks Limited (Registered number: 04479214)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,058 7,567
6,058 7,567

CURRENT ASSETS
Stocks 6 35,380 38,380
Debtors 7 297,321 271,475
Cash at bank 15,363 88,174
348,064 398,029
CREDITORS
Amounts falling due within one year 8 (97,734 ) (133,008 )
NET CURRENT ASSETS 250,330 265,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,388

272,588

CREDITORS
Amounts falling due after more than one
year

9

(6,211

)

(16,514

)

PROVISIONS FOR LIABILITIES 11 (1,379 ) (1,462 )
NET ASSETS 248,798 254,612

CAPITAL AND RESERVES
Called up share capital 12 60 60
Retained earnings 248,738 254,552
SHAREHOLDERS' FUNDS 248,798 254,612

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

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

The directors acknowledge their 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.

Rockworks Limited (Registered number: 04479214)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





P R Myers - Director


Rockworks Limited (Registered number: 04479214)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Rockworks Limited 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.

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 year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions concluded at market rate.

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

Revenue recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is now fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less any depreciation and impairment.

Stocks
Stocks and work in progress are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.


Rockworks Limited (Registered number: 04479214)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 60,585
AMORTISATION
At 1 November 2023
and 31 October 2024 60,585
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Rockworks Limited (Registered number: 04479214)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 16,573 20,253 14,473
Additions - 657 -
At 31 October 2024 16,573 20,910 14,473
DEPRECIATION
At 1 November 2023 16,573 18,654 9,933
Charge for year - 933 1,199
At 31 October 2024 16,573 19,587 11,132
NET BOOK VALUE
At 31 October 2024 - 1,323 3,341
At 31 October 2023 - 1,599 4,540

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 14,445 29,026 94,770
Additions - 832 1,489
At 31 October 2024 14,445 29,858 96,259
DEPRECIATION
At 1 November 2023 14,445 27,598 87,203
Charge for year - 866 2,998
At 31 October 2024 14,445 28,464 90,201
NET BOOK VALUE
At 31 October 2024 - 1,394 6,058
At 31 October 2023 - 1,428 7,567


6. STOCKS
2024 2023
£    £   
Stocks 14,800 14,800
Work-in-progress 20,580 23,580
35,380 38,380

Rockworks Limited (Registered number: 04479214)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 167,368 138,726
Other debtors 128,542 131,343
Prepayments and accrued income 1,411 1,406
297,321 271,475

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,353 10,098
Trade creditors 43,086 65,106
Taxation and social security 12,376 36,055
Other creditors 7,567 5,591
Directors' current accounts 21,411 13,161
Accruals and deferred income 2,941 2,997
97,734 133,008

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,211 10,354
Bank loans - 2-5 years - 6,160
6,211 16,514

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 5,181

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,379 1,462

Deferred
tax
£   
Balance at 1 November 2023 1,462
Accelerated capital allowances (83 )
Balance at 31 October 2024 1,379

Rockworks Limited (Registered number: 04479214)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary £1 60 60

13. RELATED PARTY DISCLOSURES

There are no related party transactions not concluded at market rate except for the following:

2024 2023
£ £

Amounts due to directors 21,411 13,161


No interest was charged.