Roco Projects Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08389272 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2022

for

Roco Projects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R S Overbury

REGISTERED OFFICE:

The Old School House

3a Leckhampton Road

Cheltenham

Gloucestershire

GL53 0AX

REGISTERED NUMBER:

08389272 (England and Wales)

ACCOUNTANTS:

Grant & Co (Accountants) Ltd

The Old School House

3a Leckhampton Road

Cheltenham

Gloucestershire

GL53 0AX

FIXED ASSETS

Tangible assets

4

2,121

2,140

CURRENT ASSETS

Debtors

5

2,048

-

Cash at bank

21,527

35,061

23,575

35,061

CREDITORS

Amounts falling due within one year

6

6,182

23,517

NET CURRENT ASSETS

17,393

11,544

TOTAL ASSETS LESS CURRENT LIABILITIES

19,514

13,684

CREDITORS

Amounts falling due after more than one year

7

-

184

NET ASSETS

19,514

13,500

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,414

13,400

SHAREHOLDERS' FUNDS

19,514

13,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 November 2022 and were signed by:

Mr R S Overbury - Director

1.	STATUTORY INFORMATION

Roco Projects Ltd 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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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

-

25% on cost

Computer equipment

-

33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 March 2021

-

3,359

3,359

Additions

336

1,199

1,535

At 28 February 2022

336

4,558

4,894

DEPRECIATION

At 1 March 2021

-

1,219

1,219

Charge for year

84

1,470

1,554

At 28 February 2022

84

2,689

2,773

NET BOOK VALUE

At 28 February 2022

252

1,869

2,121

At 28 February 2021

-

2,140

2,140

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

2,048

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other loans

193

292

Trade creditors

8

100

Corporation tax

1,894

2,664

Directors' current accounts

3,437

19,937

Accruals and deferred income

650

524

6,182

23,517

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other loans - 1-2 years

-

184