ROCK HOUSE TRAINING LIMITED Company Accounts

ROCK HOUSE TRAINING LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2016-05-01 Sage Accounts Production Advanced 2017 Update 4 - FRS xbrli:pure xbrli:shares iso4217:GBP 02464101 2016-05-01 2017-04-30 02464101 2017-04-30 02464101 2016-04-30 02464101 2015-05-01 2016-04-30 02464101 2016-04-30 02464101 core:PlantMachinery 2016-05-01 2017-04-30 02464101 core:FurnitureFittings 2016-05-01 2017-04-30 02464101 core:MotorVehicles 2016-05-01 2017-04-30 02464101 bus:Director1 2016-05-01 2017-04-30 02464101 bus:Director3 2016-05-01 2017-04-30 02464101 core:PlantMachinery 2016-04-30 02464101 core:FurnitureFittings 2016-04-30 02464101 core:MotorVehicles 2016-04-30 02464101 core:PlantMachinery 2017-04-30 02464101 core:FurnitureFittings 2017-04-30 02464101 core:MotorVehicles 2017-04-30 02464101 core:WithinOneYear 2017-04-30 02464101 core:WithinOneYear 2016-04-30 02464101 core:ShareCapital 2017-04-30 02464101 core:ShareCapital 2016-04-30 02464101 core:CapitalRedemptionReserve 2017-04-30 02464101 core:CapitalRedemptionReserve 2016-04-30 02464101 core:RetainedEarningsAccumulatedLosses 2017-04-30 02464101 core:RetainedEarningsAccumulatedLosses 2016-04-30 02464101 core:PlantMachinery 2016-04-30 02464101 core:FurnitureFittings 2016-04-30 02464101 core:MotorVehicles 2016-04-30 02464101 bus:Director3 2016-04-30 02464101 bus:Director3 2017-04-30 02464101 bus:Director3 2015-04-30 02464101 bus:Director3 2016-04-30 02464101 bus:Director3 2015-05-01 2016-04-30 02464101 bus:FRS102 2016-05-01 2017-04-30 02464101 bus:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 02464101 bus:FullAccounts 2016-05-01 2017-04-30 02464101 bus:SmallCompaniesRegimeForAccounts 2016-05-01 2017-04-30 02464101 bus:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30

COMPANY REGISTRATION NUMBER: 02464101

ROCK HOUSE TRAINING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2017

ROCK HOUSE TRAINING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2017

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

ROCK HOUSE TRAINING LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2017

	2017	2016
Note	£	£

Fixed assets

Tangible assets	5	6,394	7,054

Current assets

Debtors	6	46,357	52,021
Cash at bank and in hand		210,748	212,933
		---------	---------
		257,105	264,954

Creditors: amounts falling due within one year	7	24,502	39,062
		---------	---------
Net current assets		232,603	225,892
		---------	---------
Total assets less current liabilities		238,997	232,946
		---------	---------
Net assets		238,997	232,946
		---------	---------

Capital and reserves

Called up share capital	95	95
Capital redemption reserve	6	6
Profit and loss account	238,896	232,845
	---------	---------
Shareholders funds	238,997	232,946
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ROCK HOUSE TRAINING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2017

These financial statements were approved by the board of directors and authorised for issue on 9 August 2017 , and are signed on behalf of the board by:

A Gordon-Foley

Director

Company registration number: 02464101

ROCK HOUSE TRAINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2017

1. General information

The company is a priate company limited by shares, registered in England and Wales. The address of the registered office is Office 9 Parkhall Business Village, Parkhall Road,Longton ,Stoke-On-Trent ,ST3 5XA. The principal activity of the company in the year under review was that of provision of training services.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (i) Estimated useful lives and residual values of fixed assets Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office furniture & equipment	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2016: 8 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2016	41,945	2,037	1,499	11,903	57,384
Additions	–	–	–	1,776	1,776
Disposals	–	( 816)	–	( 1,049)	( 1,865)
	--------	-------	-------	--------	--------
At 30 April 2017	41,945	1,221	1,499	12,630	57,295
	--------	-------	-------	--------	--------
Depreciation
At 1 May 2016	39,403	844	1,415	8,668	50,330
Charge for the year	381	115	21	1,172	1,689
Disposals	–	( 391)	–	( 727)	( 1,118)
	--------	-------	-------	--------	--------
At 30 April 2017	39,784	568	1,436	9,113	50,901
	--------	-------	-------	--------	--------
Carrying amount
At 30 April 2017	2,161	653	63	3,517	6,394
	--------	-------	-------	--------	--------
At 30 April 2016	2,542	1,193	84	3,235	7,054
	--------	-------	-------	--------	--------

6. Debtors

	2017	2016
	£	£
Trade debtors	34,665	29,339
Other debtors	11,692	22,682
	--------	--------
	46,357	52,021
	--------	--------

7. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	–	1,734
Corporation tax	9,054	7,655
Social security and other taxes	1,641	1,684
Other creditors	13,807	27,989
	--------	--------
	24,502	39,062
	--------	--------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2017
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
G A Guest	6,950	–	6,950
	-------	----	-------

	2016
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
G A Guest	7,600	( 650)	6,950
	-------	----	-------

9. Related party transactions

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

10. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2015.

No transitional adjustments were required in equity or profit or loss for the year.