REGISTERED NUMBER: 12253484 (England and Wales)

ROCKET STAFFING GROUP LIMITED

Audited Financial Statements for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R E Sobol

C H Williams

REGISTERED OFFICE:

10th Floor

60 Church Street

Birmingham

West Midlands

B3 2DJ

REGISTERED NUMBER:

12253484 (England and Wales)

AUDITORS:

Michael Dufty Partnership Limited

Statutory Auditors

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

3,042

2,928

CURRENT ASSETS

Debtors

5

529,531

271,958

Cash at bank

25,454

17,510

554,985

289,468

CREDITORS

Amounts falling due within one year

6

538,986

190,275

NET CURRENT ASSETS

15,999

99,193

TOTAL ASSETS LESS CURRENT LIABILITIES

19,041

102,121

PROVISIONS FOR LIABILITIES

760

732

NET ASSETS

18,281

101,389

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

18,181

101,289

SHAREHOLDERS' FUNDS

18,281

101,389

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

R E Sobol - Director

1.	STATUTORY INFORMATION

Rocket Staffing Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales-related taxes.

Turnover arising from temporary placements is recognised over the period that temporary workers are provided.

Turnover arising from the placement of permanent candidates is recognised at the time the candidate commences full-time employment. Provision is made for the expected cost of meeting obligations where employees do not work for the specified contractual period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Assets are stated at bought in cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Going concern

These financial statements have been prepared on a going concern basis. The going concern assumption is considered to be appropriate as the company is profitable, retains the continued support of group companies, including parent company Jarell Limited and is supported by the group's banking facility.

Hire purchase and leasing commitments

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

Debtors & creditors within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2024

-

565

5,670

6,235

Additions

1,551

-

-

1,551

At 28 February 2025

1,551

565

5,670

7,786

DEPRECIATION

At 1 March 2024

-

495

2,812

3,307

Charge for year

-

70

1,367

1,437

At 28 February 2025

-

565

4,179

4,744

NET BOOK VALUE

At 28 February 2025

1,551

-

1,491

3,042

At 29 February 2024

-

70

2,858

2,928

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

518,085

144,961

Amounts owed by group undertakings

6,815

77,019

Amts due from related parties

-

13,000

Directors' current accounts

-

27,515

Prepayments

4,631

9,463

529,531

271,958

Debts are transferred by assignment to a debt factor under a confidential invoice discounting arrangement. Factored debts of £526,829 (2024: Nil) are included within trade debtors.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

82,690

35,279

Tax

21,472

-

Social security and other taxes

34,263

11,938

VAT

115,588

82,260

Other creditors

6,908

828

Invoice finance liability

204,348

-

Amount due to related party

-

12,480

Directors' current accounts

19,952

-

Accruals and deferred income

53,765

47,490

538,986

190,275

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

10,008

8,672

Between one and five years

30,024

-

40,032

8,672

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Invoice finance

204,348

-

The factoring liability is secured by way of a floating charge over the companys assets.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Arran Jones FCCA (Senior Statutory Auditor)

for and on behalf of Michael Dufty Partnership Limited

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

C H Williams

Balance outstanding at start of year

27,515

-

Amounts advanced

-

27,515

Amounts repaid

(47,467

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,952

)

27,515

The amount advanced is unsecured, interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R E Sobol.

Mr Sobol is the ultimate controlling party by virtue of his majority shareholding in the parent company, Jarell Limited.