Registration number:
Rock & Rollers Ltd
for the Period from 3 April 2024 to 31 December 2024
Registration number:
Rock & Rollers Ltd
for the Period from 3 April 2024 to 31 December 2024
Rock & Rollers Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Rock & Rollers Ltd
Company Information
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Directors |
Mr RP Smith Mr JA Roger Jara |
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Registered office |
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Accountants |
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Rock & Rollers Ltd
(Registration number: 15612224)
Balance Sheet as at 31 December 2024
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Note |
2024 |
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Fixed assets |
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Intangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
(39,635) |
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Shareholders' deficit |
(39,535) |
For the financial 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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Rock & Rollers Ltd
Notes to the Unaudited Financial Statements for the Period from 3 April 2024 to 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales, 15612224.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Rock & Rollers Ltd
Notes to the Unaudited Financial Statements for the Period from 3 April 2024 to 31 December 2024
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company during the period, including directors, was
Rock & Rollers Ltd
Notes to the Unaudited Financial Statements for the Period from 3 April 2024 to 31 December 2024
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Intangible assets |
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Other intangible assets |
Total |
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Cost or valuation |
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Additions internally developed |
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At 31 December 2024 |
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Amortisation |
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Carrying amount |
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At 31 December 2024 |
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Debtors |
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Current |
2024 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Rock & Rollers Ltd
Notes to the Unaudited Financial Statements for the Period from 3 April 2024 to 31 December 2024
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Related party transactions |
Summary of transactions with other related parties
A company under common control.
During the year the company made sales to Albert Roger Limited of £145,229 and purchases from Albert Roger Limited of £8,159. At the balance sheet date the amount due to Albert Roger Limited was £5,983.
S.R.P Holdings Limited
A company under common control.
During the year the company made purchases from S.R.P Holdings Limited of £20,896. At the balance sheet date the amount due to S.R.P Holdings Ltd was £25,075.
Smith Fam Ltd
A company under common control.
During the year the company made purchases from Smith Fam Ltd of £99,000. At the balance sheet date the amount due to Smith Fam Ltd was £11,242.
Phil Smith Hair Limited
A company under common control.
During the year the company made purchases from Phil Smith Hair Limited of £16,243. At the balance sheet date the amount due to Phil Smith Hair Limited was £19,264.