Company Registration No. 08238970 (England and Wales)
Rockfish (Torquay) Limited
Unaudited accounts
for the year ended 30 April 2019
Rockfish (Torquay) Limited
Unaudited accounts
Contents
Rockfish (Torquay) Limited
Company Information
for the year ended 30 April 2019
Directors
M H Tonks
M D Prowse
N S Sandhu
Company Number
08238970 (England and Wales)
Registered Office
5 South Embankment
Dartmouth
Devon
TQ6 9BH
Accountants
Farquhar Partnership Limited
151 Whiteladies Road
Clifton
Bristol
BS8 2RA
Rockfish (Torquay) Limited
Statement of financial position
as at 30 April 2019
Tangible assets
272,496
311,308
Cash at bank and in hand
63,270
70,624
Creditors: amounts falling due within one year
(183,352)
(336,400)
Net current assets
294,336
87,426
Total assets less current liabilities
566,832
398,734
Creditors: amounts falling due after more than one year
-
(2,496)
Net assets
566,832
396,238
Called up share capital
1
1
Profit and loss account
566,831
396,237
Shareholders' funds
566,832
396,238
For the year ending 30 April 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 directors acknowledge their 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 18 October 2019.
N S Sandhu
Director
Company Registration No. 08238970
Rockfish (Torquay) Limited
Notes to the Accounts
for the year ended 30 April 2019
Rockfish (Torquay) Limited is a private company, limited by shares, registered in England and Wales, registration number 08238970. The registered office is 5 South Embankment, Dartmouth, Devon, TQ6 9BH.
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.
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:
Land & buildings
Straight line over the term of the lease
Plant & machinery
over 10 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Rockfish (Torquay) Limited
Notes to the Accounts
for the year ended 30 April 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 May 2018
204,009
250,358
454,367
Disposals
-
(1,139)
(1,139)
At 30 April 2019
204,009
249,608
453,617
At 1 May 2018
51,568
91,491
143,059
Charge for the year
13,557
24,961
38,518
At 30 April 2019
65,125
115,996
181,121
At 30 April 2019
138,884
133,612
272,496
At 30 April 2018
152,441
158,867
311,308
Amounts due from group undertakings etc.
385,377
325,272
Accrued income and prepayments
19,068
17,903
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
28,538
Obligations under finance leases and hire purchase contracts
2,496
22,364
Trade creditors
43,449
33,506
Amounts owed to group undertakings and other participating interests
63,072
174,091
Taxes and social security
35,223
31,588
Other creditors
33,451
33,984
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
-
2,496
Rockfish (Torquay) Limited
Notes to the Accounts
for the year ended 30 April 2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Capital commitments
2019
2018
Amounts contracted but not provided for in the accounts
2,347
-
11
Operating lease commitments
2019
2018
At 30 April 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
161,460
187,460
The company remained a wholly owned subsidiary of Rockfish Group Limited throughout the year. It's registered office is 5 South Embankment, Dartmouth, Devon, TQ6 9BH.
13
Average number of employees
During the year the average number of employees was 26 (2018: 21).
