Rock Seven Mobile Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08872171 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Rock Seven Mobile Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D Farrell

A R Jackson

R A Searle

Mrs J Farrell

Mrs L Searle

REGISTERED OFFICE:

Warden House

37 Manor Road

Colchester

Essex

CO3 3LX

REGISTERED NUMBER:

08872171 (England and Wales)

ACCOUNTANTS:

Tile & Co

Warden House

37 Manor Road

Colchester

Essex

CO3 3LX

FIXED ASSETS

Tangible assets

4

1,044

4,579

CURRENT ASSETS

Stocks

276,192

212,246

Debtors

5

393,347

142,082

Cash at bank

348,953

149,446

1,018,492

503,774

CREDITORS

Amounts falling due within one year

6

377,041

247,667

NET CURRENT ASSETS

641,451

256,107

TOTAL ASSETS LESS CURRENT LIABILITIES

642,495

260,686

PROVISIONS FOR LIABILITIES

198

916

NET ASSETS

642,297

259,770

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

642,197

259,670

SHAREHOLDERS' FUNDS

642,297

259,770

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 on 28 February 2018 and were signed on its behalf by:

N D Farrell - Director

1.	STATUTORY INFORMATION

Rock Seven Mobile Services 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.

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 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. 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.

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

9,661

Additions

599

Disposals

(4,167

)

At 31 October 2017

6,093

DEPRECIATION

At 1 November 2016

5,082

Charge for year

1,009

Eliminated on disposal

(1,042

)

At 31 October 2017

5,049

NET BOOK VALUE

At 31 October 2017

1,044

At 31 October 2016

4,579

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

318,742

61,502

Amounts owed by group undertakings

70,808

71,170

Other debtors

3,797

9,410

393,347

142,082

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

188,793

154,276

Taxation and social security

108,282

67,089

Other creditors

79,966

26,302

377,041

247,667

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr R Searle and Mr N Farrell.

8.	FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under Financial Reporting Standards

102 - Section 1A (FRS 102 Section 1A) issued by the Financial Reporting Council. The following disclosures

are required in the year of transition. The last financial statements under previous UK GAAP were for the year

ended 31 October 2016 and the date of transition to FRS 102 Section 1A was therefore 1 November 2015.

As a consequence of adopting FRS 102 Section 1A a number of accounting policies have changed to comply

with that standard. The changes have not however given rise to any changes in the figures for any of the relevant

periods.