The Rocket Club Restaurant Limited - Accounts to registrar (filleted) - small 18.2

The Rocket Club Restaurant Limited - Accounts to registrar (filleted) - small 18.2

THE ROCKET CLUB RESTAURANT LIMITED - Company Information

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REGISTERED NUMBER: 04349688 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

THE ROCKET CLUB RESTAURANT LIMITED
THE ROCKET CLUB RESTAURANT LIMITED (REGISTERED NUMBER: 04349688)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


THE ROCKET CLUB RESTAURANT LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2018







DIRECTOR: L Reddy





REGISTERED OFFICE: 26 Goodall Street
Walsall
West Midlands
WS1 1QL





REGISTERED NUMBER: 04349688 (England and Wales)





ACCOUNTANTS: C J Petty Limited
Chartered Accountants
Chestnut House
High Offley Road
Woodseaves
Stafford
Staffordshire
ST20 0LG
Page 1
THE ROCKET CLUB RESTAURANT LIMITED (REGISTERED NUMBER: 04349688)

BALANCE SHEET
31 January 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 100,000 112,500

CURRENT ASSETS
Debtors 4 128,026 142,782
Cash at bank and in hand 66,971 1,326
194,997 144,108
CREDITORS
Amounts falling due within one year 5 64,226 33,448
NET CURRENT ASSETS 130,771 110,660
TOTAL ASSETS LESS CURRENT
LIABILITIES
230,771
223,160

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 125,000 125,000
Retained earnings 105,671 98,060
SHAREHOLDERS' FUNDS 230,771 223,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & loss account has not been delivered.

The financial statements were approved by the director on 14 August 2018 and were signed by:





L Reddy - Director


The notes form part of these financial statements

Page 2
THE ROCKET CLUB RESTAURANT LIMITED (REGISTERED NUMBER: 04349688)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

The Rocket Club Restaurant 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 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Goodwill
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

Page 3 continued...
THE ROCKET CLUB RESTAURANT LIMITED (REGISTERED NUMBER: 04349688)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2018

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 February 2017
and 31 January 2018 125,000
AMORTISATION
At 1 February 2017 12,500
Charge for year 12,500
At 31 January 2018 25,000
NET BOOK VALUE
At 31 January 2018 100,000
At 31 January 2017 112,500

Cost or valuation at 31 January 2018 is represented by:

Goodwill
£   
Valuation in 2016 125,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 128,026 142,782

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 53,117 10,092
Taxation and social security 11,109 23,356
64,226 33,448

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Revaluation
reserve
£   
At 1 February 2017
and 31 January 2018 125,000

Page 4