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Company Registration No. 11504911 (England and Wales)
Massive Rocket Limited Unaudited accounts for the year ended 31 July 2025
Massive Rocket Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Massive Rocket Limited Company Information for the year ended 31 July 2025
Director
Thierry Raphael Sequeira
Company Number
11504911 (England and Wales)
Registered Office
86-90 Paul Street Shoreditch London EC2A 4NE UK
Accountants
Barnes & Scott 86-90 Paul Street London EC2A 4NE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Massive Rocket Limited for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Massive Rocket Limited for the year ended 31 July 2025 as set out on pages 5 - 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Massive Rocket Limited, as a body, in accordance with the terms of our engagement letter dated 6 August 2018. Our work has been undertaken solely to prepare for your approval the accounts of Massive Rocket Limited and state those matters that we have agreed to state to the Board of Directors of Massive Rocket Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Massive Rocket Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Massive Rocket Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Massive Rocket Limited. You consider that Massive Rocket Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Massive Rocket Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Barnes & Scott Chartered Accountants 86-90 Paul Street London EC2A 4NE 17 March 2026
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Massive Rocket Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
42,580
24,620
Investments
5
9,700
9,700
52,280
34,320
Current assets
Debtors
6
860,413
595,434
Cash at bank and in hand
795,944
1,328,866
1,656,357
1,924,300
Creditors: amounts falling due within one year
7
(216,864)
(474,610)
Net current assets
1,439,493
1,449,690
Total assets less current liabilities
1,491,773
1,484,010
Creditors: amounts falling due after more than one year
8
(387,141)
-
Net assets
1,104,632
1,484,010
Capital and reserves
Called up share capital
1
1
Capital contribution reserve
8,763
14,451
Profit and loss account
1,095,868
1,469,558
Shareholders' funds
1,104,632
1,484,010
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2026 and were signed on its behalf by
Thierry Raphael Sequeira Director Company Registration No. 11504911
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Massive Rocket Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Massive Rocket Limited is a private company, limited by shares, registered in England and Wales, registration number 11504911. The registered office is 86-90 Paul Street, Shoreditch, London, EC2A 4NE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
25% straight line
Fixed Asset Investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairments losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
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Massive Rocket Limited Notes to the Accounts for the year ended 31 July 2025
Share option Scheme
The company has an unapproved share option schemes in place. Options vest over time and all options are settled by equity upon exercise. The fair value of the options has been determined by a multiple of maintainable earnings discounted for relevant factors. In the current year a credit of £5,689 has been posted through the profit and loss account. This reflects the decrease in fair value during the period. The number and weighted average exercise prices for the options are as follows: (i) outstanding at the beginning of the period - 30,558 shares at £0.34 exercise price each; (ii) granted during the period - nil; (iii) forfeited during the period - 13,334 shares at £0.34 exercise price each; (iv) exercised during the period - nil; (v) expired during the period - nil; (vi) outstanding at the end of the period - 17,224 share options at £0.34 exercise price each; and (vii) exercisable at the end of the period - 15,465 share options at £0.34 exercise price each.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
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Massive Rocket Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
1,479
-
48,990
50,469
Additions
-
21,875
9,185
31,060
At 31 July 2025
1,479
21,875
58,175
81,529
Depreciation
At 1 August 2024
1,161
-
24,688
25,849
Charge for the year
298
2,188
10,614
13,100
At 31 July 2025
1,459
2,188
35,302
38,949
Net book value
At 31 July 2025
20
19,687
22,873
42,580
At 31 July 2024
318
-
24,302
24,620
5
Investments
Subsidiary undertakings
£
Valuation at 1 August 2024
9,700
Valuation at 31 July 2025
9,700
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
579,073
375,892
Amounts due from group undertakings etc.
108,715
159,242
Accrued income and prepayments
169,518
50,300
Other debtors
3,107
10,000
860,413
595,434
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
135,765
Trade creditors
28,234
68,524
Taxes and social security
91,537
225,275
Other creditors
-
30,063
Loans from directors
25,127
583
Accruals
71,966
14,400
216,864
474,610
Included in creditors are director loans of £25,127 (2024:£583). The director loans are measured at transaction price and are interest free and repayable on demand.
- 8 -
Massive Rocket Limited Notes to the Accounts for the year ended 31 July 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
387,141
-
9
Average number of employees
During the year the average number of employees was 22 (2024: 16).
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