Rockmech Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC335195 (Scotland)

Financial Statements for the Year Ended 31 December 2017

for

Rockmech Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T J O'Rourke

Mrs J O'Rourke

Mrs A Furness

SECRETARY:

Mrs J O'Rourke

REGISTERED OFFICE:

Kinnoull

19 Anderson Drive

Aberdeen

AB15 4ST

REGISTERED NUMBER:

SC335195 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

347,195

354,866

CURRENT ASSETS

Debtors

5

1,781

4,031

Cash at bank

91,890

91,947

93,671

95,978

CREDITORS

Amounts falling due within one year

6

32,594

34,007

NET CURRENT ASSETS

61,077

61,971

TOTAL ASSETS LESS CURRENT LIABILITIES

408,272

416,837

PROVISIONS FOR LIABILITIES

33

30

NET ASSETS

408,239

416,807

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

408,039

416,607

SHAREHOLDERS' FUNDS

408,239

416,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 September 2018 and were signed on its behalf by:

T J O'Rourke - Director

1.	STATUTORY INFORMATION

Rockmech Ltd. is a private company, limited by shares , registered in Scotland. 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 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.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

384,528

2,342

3,625

390,495

Additions

-

-

160

160

At 31 December 2017

384,528

2,342

3,785

390,655

DEPRECIATION

At 1 January 2017

29,815

2,233

3,581

35,629

Charge for year

7,692

55

84

7,831

At 31 December 2017

37,507

2,288

3,665

43,460

NET BOOK VALUE

At 31 December 2017

347,021

54

120

347,195

At 31 December 2016

354,713

109

44

354,866

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

1,781

4,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

8,123

12,285

Other creditors

24,471

21,722

32,594

34,007

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T J O'Rourke.