Rooster Punk Group Limited - Accounts to registrar (filleted) - small 23.1.2

Rooster Punk Group Limited - Accounts to registrar (filleted) - small 23.1.2

ROOSTER PUNK GROUP LIMITED - Company Information

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REGISTERED NUMBER: 11020219 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Rooster Punk Group Limited
Rooster Punk Group Limited (Registered number: 11020219)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rooster Punk Group Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J Trezona
P Cash





REGISTERED OFFICE: 77A Alma Road
Clifton
Bristol
BS8 2DP





REGISTERED NUMBER: 11020219 (England and Wales)





ACCOUNTANTS: Kingscote Accountancy Limited
77A Alma Road
Clifton
Bristol
BS8 2DP
Page 1
Rooster Punk Group Limited (Registered number: 11020219)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,572 49,993
Tangible assets 5 8,183 9,971
50,755 59,964

CURRENT ASSETS
Debtors 6 331,213 305,820
Prepayments and accrued income 7,961 2,736
Cash at bank 155,430 232,418
494,604 540,974
CREDITORS
Amounts falling due within one year 7 447,017 473,893
NET CURRENT ASSETS 47,587 67,081
TOTAL ASSETS LESS CURRENT
LIABILITIES
98,342
127,045

CREDITORS
Amounts falling due after more than one
year
8
28,129
36,993
NET ASSETS 70,213 90,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,113 89,952
70,213 90,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 notes form part of these financial statements

Page 2 continued...
Rooster Punk Group Limited (Registered number: 11020219)

Balance Sheet - continued
31 December 2022


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 May 2023 and were signed on its behalf by:





J Trezona - Director


The notes form part of these financial statements

Page 3
Rooster Punk Group Limited (Registered number: 11020219)

Notes to the Financial Statements
for the Year Ended 31 December 2022

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 2018, is being amortised evenly over its estimated useful life of ten 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 25% 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.

Page 4 continued...
Rooster Punk Group Limited (Registered number: 11020219)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 74,204
AMORTISATION
At 1 January 2022 24,211
Charge for year 7,421
At 31 December 2022 31,632
NET BOOK VALUE
At 31 December 2022 42,572
At 31 December 2021 49,993

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 24,036
Additions 5,535
At 31 December 2022 29,571
DEPRECIATION
At 1 January 2022 14,065
Charge for year 7,323
At 31 December 2022 21,388
NET BOOK VALUE
At 31 December 2022 8,183
At 31 December 2021 9,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 311,448 255,692
Amounts owed by group undertakings 12,747 44,324
Other debtors 7,018 5,804
331,213 305,820

Page 5 continued...
Rooster Punk Group Limited (Registered number: 11020219)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 30,897 100,707
Taxation and social security 153,152 139,998
Other creditors 262,968 233,188
447,017 473,893

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors 28,129 36,993

9. RELATED PARTY DISCLOSURES

During the year J Trezona introduced a working capital of £Nil (2021: £33,500). As at the year end Rooster Punk Group Ltd owed J Trezona £9,369 (2021: £32,635).

During the year P Cash introduced a working capital of £462 (2021: £Nil). As at the year end Rooster Punk Group Ltd owed P Cash £53 (2021:183).

As at the year-end, Flamingo Punk Ltd owes Rooster Punk Group Limited £9,880 (2021: £41,457).
Eagle Punk Ltd owes Rooster Punk Group £2,867 (2021: £2,867).

Both Flamingo Punk Ltd and Eagle Punk Ltd are connected companies by virtue of their Directors P Cash and J Trezona.

Page 6