Rockmech Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC335195 (Scotland)

Financial Statements for the Year Ended 31 December 2018

for

Rockmech Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J O'Rourke

Mrs J O'Rourke

Mrs A Furness

SECRETARY:

Mrs J O'Rourke

REGISTERED OFFICE:

Kinnoull

19 Anderson Drive

Aberdeen

AB15 4ST

REGISTERED NUMBER:

SC335195 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

339,409

347,195

CURRENT ASSETS

Debtors

5

1,781

1,781

Cash at bank

73,962

91,890

75,743

93,671

CREDITORS

Amounts falling due within one year

6

28,594

32,594

NET CURRENT ASSETS

47,149

61,077

TOTAL ASSETS LESS CURRENT LIABILITIES

386,558

408,272

PROVISIONS FOR LIABILITIES

33

33

NET ASSETS

386,525

408,239

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

386,325

408,039

SHAREHOLDERS' FUNDS

386,525

408,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 on 18 September 2019 and were signed on its behalf by:

T J O'Rourke - Director

1.	STATUTORY INFORMATION

Rockmech Ltd. is a private company, limited by shares , registered in Scotland. 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.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

384,528

2,342

3,785

390,655

DEPRECIATION

At 1 January 2018

37,507

2,288

3,665

43,460

Charge for year

7,692

54

40

7,786

At 31 December 2018

45,199

2,342

3,705

51,246

NET BOOK VALUE

At 31 December 2018

339,329

-

80

339,409

At 31 December 2017

347,021

54

120

347,195

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

1,781

1,781

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Taxation and social security

1,874

8,123

Other creditors

26,720

24,471

28,594

32,594

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T J O'Rourke.