Company Registration No. 04182217 (England and Wales)
Rocket Training & Development Limited
Unaudited accounts
for the year ended 29 March 2019
Rocket Training & Development Limited
Unaudited accounts
Contents
Rocket Training & Development Limited
Company Information
for the year ended 29 March 2019
Company Number
04182217 (England and Wales)
Registered Office
Lothlorien
Howle Hill
Ross On Wye
Herefordshire
HR9 5SP
Accountants
Brook House Accounting Services Ltd
Brook House
Brook Street
Mitcheldean
Glos
GL17 0AU
Rocket Training & Development Limited
Statement of financial position
as at
29 March 2019
Tangible assets
3,028
2,781
Cash at bank and in hand
120,768
132,947
Creditors: amounts falling due within one year
(50,584)
(100,225)
Net current assets
70,184
62,611
Total assets less current liabilities
73,212
65,392
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
72,635
64,862
Shareholders' funds
72,637
64,864
For the year ending 29 March 2019 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.
Approved by the Board on 26 December 2019.
I G Howell
Director
Company Registration No. 04182217
Rocket Training & Development Limited
Notes to the Accounts
for the year ended 29 March 2019
Rocket Training & Development Limited is a private company, limited by shares, registered in England and Wales, registration number 04182217. The registered office is Lothlorien, Howle Hill, Ross On Wye, Herefordshire, HR9 5SP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rocket Training & Development Limited
Notes to the Accounts
for the year ended 29 March 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 30 March 2018
2,193
1,584
29,723
33,500
Additions
-
-
2,404
2,404
At 29 March 2019
2,193
1,584
32,127
35,904
At 30 March 2018
2,193
1,584
26,942
30,719
Charge for the year
-
-
2,157
2,157
At 29 March 2019
2,193
1,584
29,099
32,876
At 29 March 2019
-
-
3,028
3,028
At 29 March 2018
-
-
2,781
2,781
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
38,551
47,353
Other creditors
5,732
862
Loans from directors
3,373
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan is interest free.
8
Average number of employees
During the year the average number of employees was 1 (2018: 1).