Rockit Consultancy Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08142397 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Rockit Consultancy Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Pocknell

Mrs H Pocknell

REGISTERED OFFICE:

1st Floor Springbank House

13 Pembroke Road

Sevenoaks

Kent

TN13 1XR

REGISTERED NUMBER:

08142397 (England and Wales)

FIXED ASSETS

Tangible assets

5

612

1,225

CURRENT ASSETS

Debtors

22,260

22,633

Cash at bank and in hand

11,320

26,134

33,580

48,767

CREDITORS

Amounts falling due within one year

34,030

40,160

NET CURRENT (LIABILITIES)/ASSETS

(450

)

8,607

TOTAL ASSETS LESS CURRENT LIABILITIES

162

9,832

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62

9,732

SHAREHOLDERS' FUNDS

162

9,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8 April 2018 and were signed on its behalf by:

Mr D Pocknell - Director

1.	STATUTORY INFORMATION

Rockit Consultancy 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 July 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 August 2015.

Revenue recognition

Sales comprise the fair value of the consideration received or receivable for the rendering of services in the

ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that

future economic benefits will flow to the entity and when specific criteria have been met for each of the

company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the

customer. Where payments are received from customers in advance of services provided, the amounts are

recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

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

Computer equipment

-

Straight line over 20 years

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2016

and 31 July 2017

1,838

DEPRECIATION

At 1 August 2016

613

Charge for year

613

At 31 July 2017

1,226

NET BOOK VALUE

At 31 July 2017

612

At 31 July 2016

1,225

6.	FIRST YEAR ADOPTION

The policies applied under the entity's previous reporting framework are not materially different from the

recognition and measurement principles set out under FRS 102. Subsequently, the transition to FRS 102 has not

impacted on equity or profit and loss and therefore a reconciliation between previously reported results and the

comparative information has not been presented in these financial statements.