Company Registration No. 02419896 (England and Wales)
ROCKMINE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018
PAGES FOR FILING WITH REGISTRAR
ROCKMINE LIMITED
COMPANY INFORMATION
Director
K Smith
Company number
02419896
Registered office
The Old House
The Orchard
Staverton
Daventry
Northamptonshire
NN11 6JA
Accountants
Myers Clark
Egale 1
St Albans Road
Watford
Herts
WD17 1DL
Business address
The Old House
The Orchard
Staverton
Daventry
Northamptonshire
NN11 6JA
ROCKMINE LIMITED
CONTENTS
Page
Balance sheet
5 - 6
Notes to the financial statements
8 - 11
ROCKMINE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 1 -
The director presents the strategic report for the year ended 30 September 2018.
Fair review of the business
..............................
K Smith
Director
.........................
ROCKMINE LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 2 -
The director presents his annual report and financial statements for the year ended 30 September 2018.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
K Smith
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
K Smith
Director
26 June 2019
ROCKMINE LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 3 -
2018
2017
£
£
Turnover
435,081
524,566
Cost of sales
(260,996)
(319,000)
Gross profit
174,085
205,566
Administrative expenses
(190,281)
(191,025)
Operating (loss)/profit
(16,196)
14,541
Interest receivable and similar income
-
40
Interest payable and similar expenses
(642)
(642)
(Loss)/profit before taxation
(16,838)
13,939
Tax on (loss)/profit
-
-
(Loss)/profit for the financial year
(16,838)
13,939
ROCKMINE LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 4 -
2018
2017
£
£
(Loss)/profit for the year
(16,838)
13,939
Other comprehensive income
-
-
Total comprehensive income for the year
(16,838)
13,939
ROCKMINE LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2018
30 September 2018
- 5 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,343
27,298
Current assets
Stocks
14,200
11,500
Debtors
4
3,656
6,911
Cash at bank and in hand
-
1,370
17,856
19,781
Creditors: amounts falling due within one year
5
(52,040)
(39,191)
Net current liabilities
(34,184)
(19,410)
Total assets less current liabilities
(10,841)
7,888
Creditors: amounts falling due after more than one year
6
-
(1,891)
Net (liabilities)/assets
(10,841)
5,997
Capital and reserves
Called up share capital
7
1,300
1,300
Profit and loss reserves
(12,141)
4,697
Total equity
(10,841)
5,997
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ROCKMINE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2018
30 September 2018
- 6 -
The financial statements were approved and signed by the director and authorised for issue on 26 June 2019
K Smith
Director
Company Registration No. 02419896
ROCKMINE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 7 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2016
1,300
(9,242)
(7,942)
Year ended 30 September 2017:
Profit and total comprehensive income for the year
-
13,939
13,939
Balance at 30 September 2017
1,300
4,697
5,997
Year ended 30 September 2018:
Loss and total comprehensive income for the year
-
(16,838)
(16,838)
Balance at 30 September 2018
1,300
(12,141)
(10,841)
ROCKMINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 8 -
1
Accounting policies
Company information
Rockmine Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Old House, The Orchard, Staverton, Daventry, Northamptonshire, NN11 6JA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
A
t the time of approving the financial statements
,
t
he director has a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Leasehold
Fixtures, fittings & equipment
10% on reducing balance
Computer equipment
33% on reducing balance
Motor vehicles
20% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
ROCKMINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2018
1
Accounting policies
(Continued)
- 9 -
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
1.6
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
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.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 7 (2017 - 5).
ROCKMINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 10 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2017
30,928
168,386
199,314
Additions
-
2,035
2,035
At 30 September 2018
30,928
170,421
201,349
Depreciation and impairment
At 1 October 2017
21,170
150,846
172,016
Depreciation charged in the year
3,093
2,897
5,990
At 30 September 2018
24,263
153,743
178,006
Carrying amount
At 30 September 2018
6,665
16,678
23,343
At 30 September 2017
9,758
17,540
27,298
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
2,325
6,911
Other debtors
1,331
-
3,656
6,911
5
Creditors: amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
13,931
-
Trade creditors
27,844
23,854
Taxation and social security
1,805
2,217
Other creditors
8,460
13,120
52,040
39,191
6
Creditors: amounts falling due after more than one year
2018
2017
£
£
Other creditors
-
1,891
ROCKMINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2018
- 11 -
7
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
1,300 Ordinary Shares of £1 each
1,300
1,300
2018-09-30
2017-10-01
false
CCH Software
CCH Accounts Production 2019.100
No description of principal activity
28 June 2019
K Smith
02419896
2017-10-01
2018-09-30
02419896
bus:Director1
2017-10-01
2018-09-30
02419896
bus:RegisteredOffice
2017-10-01
2018-09-30
02419896
2018-09-30
02419896
2016-10-01
2017-09-30
02419896
core:RetainedEarningsAccumulatedLosses
2017-10-01
2018-09-30
02419896
2017-09-30
02419896
core:LandBuildings
2018-09-30
02419896
core:OtherPropertyPlantEquipment
2018-09-30
02419896
core:LandBuildings
2017-09-30
02419896
core:OtherPropertyPlantEquipment
2017-09-30
02419896
core:CurrentFinancialInstruments
2018-09-30
02419896
core:CurrentFinancialInstruments
2017-09-30
02419896
core:Non-currentFinancialInstruments
2017-09-30
02419896
core:ShareCapital
2018-09-30
02419896
core:ShareCapital
2017-09-30
02419896
core:RetainedEarningsAccumulatedLosses
2018-09-30
02419896
core:RetainedEarningsAccumulatedLosses
2017-09-30
02419896
core:FurnitureFittings
2017-10-01
2018-09-30
02419896
core:ComputerEquipment
2017-10-01
2018-09-30
02419896
core:MotorVehicles
2017-10-01
2018-09-30
02419896
core:LandBuildings
2017-09-30
02419896
core:OtherPropertyPlantEquipment
2017-09-30
02419896
2017-09-30
02419896
core:OtherPropertyPlantEquipment
2017-10-01
2018-09-30
02419896
core:LandBuildings
2017-10-01
2018-09-30
02419896
bus:PrivateLimitedCompanyLtd
2017-10-01
2018-09-30
02419896
bus:FRS102
2017-10-01
2018-09-30
02419896
bus:AuditExemptWithAccountantsReport
2017-10-01
2018-09-30
02419896
bus:SmallCompaniesRegimeForAccounts
2017-10-01
2018-09-30
02419896
bus:FullAccounts
2017-10-01
2018-09-30
xbrli:pure
xbrli:shares
iso4217:GBP