REGISTERED NUMBER: 07628281 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Rocket Projects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Simmons

M A Simmons

REGISTERED OFFICE:

47 Middle Street

Brighton

East Sussex

BN1 1AL

REGISTERED NUMBER:

07628281 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

69,581

64,188

CURRENT ASSETS

Debtors

5

4,476

994

Cash at bank

109,565

1,544

114,041

2,538

CREDITORS

Amounts falling due within one year

6

107,031

48,661

NET CURRENT ASSETS/(LIABILITIES)

7,010

(46,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

76,591

18,065

CREDITORS

Amounts falling due after more than one year

7

(18,533

)

(16,215

)

PROVISIONS FOR LIABILITIES

(2,865

)

(1,449

)

NET ASSETS

55,193

401

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

55,192

400

SHAREHOLDERS' FUNDS

55,193

401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 3 October 2025 and were signed on its behalf by:

P R Simmons - Director

1.	STATUTORY INFORMATION

Rocket Projects 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.

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, 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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

56,563

4,438

2,981

Additions

-

-

-

At 31 March 2025

56,563

4,438

2,981

DEPRECIATION

At 1 April 2024

-

4,132

2,842

Charge for year

-

77

35

At 31 March 2025

-

4,209

2,877

NET BOOK VALUE

At 31 March 2025

56,563

229

104

At 31 March 2024

56,563

306

139

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

34,745

14,764

113,491

Additions

7,990

1,744

9,734

At 31 March 2025

42,735

16,508

123,225

DEPRECIATION

At 1 April 2024

29,248

13,081

49,303

Charge for year

3,372

857

4,341

At 31 March 2025

32,620

13,938

53,644

NET BOOK VALUE

At 31 March 2025

10,115

2,570

69,581

At 31 March 2024

5,497

1,683

64,188

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,476

660

Other debtors

-

334

4,476

994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,932

10,792

Trade creditors

-

14,471

Taxation and social security

100,609

22,718

Other creditors

1,490

680

107,031

48,661

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

18,533

16,215

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

P R Simmons

Balance outstanding at start of year

-

1,781

Amounts repaid

-

(1,781

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

M A Simmons

Balance outstanding at start of year

-

1,781

Amounts repaid

-

(1,781

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.