Rockbit UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04734900 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Rockbit UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

DG Morley

J P Cravagan

SECRETARY:

DG Morley

REGISTERED OFFICE:

Units 2B & 2C

Buddle Industrial Estate

Benton Way

Wallsend

Tyne and Wear

NE28 6DL

REGISTERED NUMBER:

04734900 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

250,414

188,523

250,414

188,523

CURRENT ASSETS

Stocks

7

259,476

350,894

Debtors

8

1,327,655

1,371,554

Cash at bank

277,574

306,387

1,864,705

2,028,835

CREDITORS

Amounts falling due within one year

9

1,145,951

1,337,681

NET CURRENT ASSETS

718,754

691,154

TOTAL ASSETS LESS CURRENT
LIABILITIES

969,168

879,677

CREDITORS

Amounts falling due after more than one
year

10

(95,840

)

(132,028

)

PROVISIONS FOR LIABILITIES

(62,603

)

(47,129

)

NET ASSETS

810,725

700,520

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

810,715

700,510

SHAREHOLDERS' FUNDS

810,725

700,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2026 and were signed on its behalf by:

DG Morley - Director

1.	STATUTORY INFORMATION

Rockbit UK 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.

2.	STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Intellectual property is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

5.	INTANGIBLE ASSETS

Development

Intellectual

Goodwill

costs

property

Totals

£

COST

At 1 May 2024

and 30 April 2025

55,000

26,985

25,000

106,985

AMORTISATION

At 1 May 2024

and 30 April 2025

55,000

26,985

25,000

106,985

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 May 2024

18,218

420,829

2,995

Additions

-

109,600

-

At 30 April 2025

18,218

530,429

2,995

DEPRECIATION

At 1 May 2024

16,469

333,289

2,415

Charge for year

812

42,334

87

At 30 April 2025

17,281

375,623

2,502

NET BOOK VALUE

At 30 April 2025

937

154,806

493

At 30 April 2024

1,749

87,540

580

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 May 2024

173,474

1,796

617,312

Additions

25,500

-

135,100

At 30 April 2025

198,974

1,796

752,412

DEPRECIATION

At 1 May 2024

74,820

1,796

428,789

Charge for year

29,976

-

73,209

At 30 April 2025

104,796

1,796

501,998

NET BOOK VALUE

At 30 April 2025

94,178

-

250,414

At 30 April 2024

98,654

-

188,523

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 May 2024

-

33,999

Additions

106,000

-

106,000

At 30 April 2025

106,000

33,999

139,999

DEPRECIATION

At 1 May 2024

-

6,376

Charge for year

19,875

6,906

26,781

At 30 April 2025

19,875

13,282

33,157

NET BOOK VALUE

At 30 April 2025

86,125

20,717

106,842

At 30 April 2024

-

27,623

7.

STOCKS

30.4.25

30.4.24

£

Stocks

259,476

350,894

8.

DEBTORS

30.4.25

30.4.24

£

Amounts falling due within one year:

Trade debtors

929,670

980,905

Other debtors

97,780

90,444

1,027,450

1,071,349

Amounts falling due after more than one year:

Amounts owed by group undertakings

300,205

Aggregate amounts

1,327,655

1,371,554

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

115,460

63,282

Hire purchase contracts

54,247

15,712

Trade creditors

486,730

739,627

Amounts owed to group undertakings

186,000

120,000

Taxation and social security

245,288

331,426

Other creditors

58,226

67,634

1,145,951

1,337,681

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.4.25

30.4.24

£

Bank loans

79,940

125,481

Hire purchase contracts

15,900

6,547

95,840

132,028

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

Bank loans

137,265

184,071

Hire purchase contracts

70,147

22,259

207,412

206,330

The debts under hire purchase contracts are secured on the assets to which they relate.

The amount due in respect of bank loans is secured by a debenture over the assets of the company.

A personal guarantee for £80,000 to secure all banking liabilities of Rockbit UK Limited was given by D Morley, a director of the company.

12.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

Total amount of commitments is £49,500.