Rock Social Enterprise Ltd. - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06810165 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Rock Social Enterprise Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms P E Hodge

Miss S Howard

K J Smith

R J K Burrell

REGISTERED OFFICE:

39-41 Heneage Road

Grimsby

N E Lincs

DN32 9ES

REGISTERED NUMBER:

06810165 (England and Wales)

FIXED ASSETS

Tangible assets

4

495

707

CURRENT ASSETS

Stocks

6,000

4,000

Debtors

5

95

-

Cash at bank and in hand

4,652

20,527

10,747

24,527

CREDITORS

Amounts falling due within one year

6

10,575

24,527

NET CURRENT ASSETS

172

-

TOTAL ASSETS LESS CURRENT LIABILITIES

667

707

RESERVES

Income and expenditure account

667

707

667

707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 surplus or deficit 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 18 October 2022 and were signed on its behalf by:

Ms P E Hodge - Director

1.	STATUTORY INFORMATION

Rock Social Enterprise Ltd. is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Motor vehicles

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2021

and 31 March 2022

3,720

DEPRECIATION

At 1 April 2021

3,013

Charge for year

212

At 31 March 2022

3,225

NET BOOK VALUE

At 31 March 2022

495

At 31 March 2021

707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

95

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Taxation and social security

56

21

Other creditors

10,519

24,506

10,575

24,527

7.	RELATED PARTY DISCLOSURES

31.3.22

31.3.21

£

£

Balance owing from Rock Community Hub

95

-

Balance owing to Rock Caistor Ltd

3,238

1,683

Balance owing to Rock Foundation UK Ltd

6,124

21,550

Gift of profit to Rock Foundation UK Ltd

40,940

71,337

8.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. There is no ultimate controlling party. All the profits of the company are payable to Rock Foundation UK Limited under Gift Aid to further its charitable objects.