REGISTERED NUMBER: 11012558 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

ROCKET SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

L M F Coleman

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

11012558 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

3,175

2,567

Current assets

Debtors

5

144,152

116,133

Cash at bank

43,810

67,062

187,962

183,195

Creditors

Amounts falling due within one year

6

190,698

143,494

Net current (liabilities)/assets

(2,736

)

39,701

Total assets less current liabilities

439

42,268

Creditors

Amounts falling due after more than one year

7

5,750

7,000

Net (liabilities)/assets

(5,311

)

35,268

Capital and reserves

Called up share capital

8

1

1

Retained earnings

(5,312

)

35,267

Shareholders' funds

(5,311

)

35,268

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 director acknowledges his 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.

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 director and authorised for issue on 29 October 2025 and were signed by:

L M F Coleman - Director

1.	Statutory information

Rocket Services Ltd 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.

Going Concern

The financial statements have been prepared on a going concern basis. The basis is considered appropriate by the director.

The directors have reviewed forecasts and are confident that the company will generate sufficient cash flows to meet its obligations. This confidence is based on expected improvements in trading performance and continued financial support where necessary.

The financial statements do not include any adjustments that would be required if the going concern concept was not deemed appropriate.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current 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 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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 November 2023

2,135

898

4,736

7,769

Additions

750

-

916

1,666

At 31 October 2024

2,885

898

5,652

9,435

Depreciation

At 1 November 2023

1,754

393

3,055

5,202

Charge for year

283

126

649

1,058

At 31 October 2024

2,037

519

3,704

6,260

Net book value

At 31 October 2024

848

379

1,948

3,175

At 31 October 2023

381

505

1,681

2,567

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

46,158

92,579

Other debtors

97,994

23,554

144,152

116,133

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

1,125

1,000

Trade creditors

27,770

28,756

Taxation and social security

57,491

38,176

Other creditors

104,312

75,562

190,698

143,494

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

5,750

7,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,500

3,000

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

1

1

1