Rooster Punk Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11020219 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Rooster Punk Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Trezona

P Cash

REGISTERED OFFICE:

Rodney House

Clifton Down Road

Clifton

Bristol

BS8 4AL

REGISTERED NUMBER:

11020219 (England and Wales)

ACCOUNTANTS:

Kingscote Accountancy Limited

Rodney House

Clifton Down Road

Clifton

Bristol

BS8 4AL

FIXED ASSETS

Intangible assets

4

68,544

37,050

Tangible assets

5

66,336

78,683

Investments

6

100

100

134,980

115,833

CURRENT ASSETS

Debtors

7

229,708

345,398

Prepayments and accrued income

535

197

Cash at bank and in hand

69,280

699

299,523

346,294

CREDITORS

Amounts falling due within one year

8

357,495

354,207

NET CURRENT LIABILITIES

(57,972

)

(7,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

77,008

107,920

CREDITORS

Amounts falling due after more than one year

9

46,143

90,014

NET ASSETS

30,865

17,906

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,765

17,806

30,865

17,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 and authorised for issue on 4 June 2020 and were signed on its behalf by:

J Trezona - Director

1.	STATUTORY INFORMATION

Rooster Punk Group 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.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 12 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2019

39,000

Additions

35,204

At 31 December 2019

74,204

AMORTISATION

At 1 January 2019

1,950

Charge for year

3,710

At 31 December 2019

5,660

NET BOOK VALUE

At 31 December 2019

68,544

At 31 December 2018

37,050

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

93,844

Additions

1,254

At 31 December 2019

95,098

DEPRECIATION

At 1 January 2019

15,161

Charge for year

13,601

At 31 December 2019

28,762

NET BOOK VALUE

At 31 December 2019

66,336

At 31 December 2018

78,683

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2019

and 31 December 2019

1,000

PROVISIONS

At 1 January 2019

and 31 December 2019

900

NET BOOK VALUE

At 31 December 2019

100

At 31 December 2018

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

192,438

177,947

Amounts owed by group undertakings

31,466

141,393

Other debtors

5,804

26,058

229,708

345,398

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Hire purchase contracts

6,750

6,750

Trade creditors

74,430

73,979

Taxation and social security

140,265

108,536

Other creditors

136,050

164,942

357,495

354,207

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Hire purchase contracts

46,143

53,432

Other creditors

-

36,582

46,143

90,014

10.	RELATED PARTY DISCLOSURES

During the year J Trezona introduced a working capital of £1,371 (2018: £64,714). As at the year end Rooster Punk

Group Ltd owed J Trezona £36,551 (2018: £68,850).

During the year P Cash introduced a working capital of £Nil (£21,250). As at the year end Rooster Punk Group Ltd

owed P Cash £25 (2018: P Cash owed Rooster Punk Group Ltd £20,254).

The company are owed £31,466 (2018: £141,393) from Rooster Punk Ltd. Rooster Punk Ltd is a connected

company by virtue of its Directors P Cash and J Trezona.