Rocksevents Limited - Period Ending 2018-03-31

Registration number: SC468172

Rocksevents Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Tree Accountancy Limited
Chartered Certified Accountants
First Floor
Eastgate
Castle Street
Castlefield
Manchester
M3 4LZ

Rocksevents Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Rocksevents Limited

Company Information

Directors

Ms K L Mckean Mr A J Roberts Mr P Cardow Mr N Roberts Mr A P Smith

Registered office

Moat Lodge Academy Street Dumfries DG1 1DB

Accountants

Tree Accountancy Limited Chartered Certified Accountants First Floor Eastgate Castle Street Castlefield Manchester M3 4LZ

Page 1

Rocksevents Limited

(Registration number: SC468172)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Current assets
Debtors	4	360	703
Cash at bank and in hand		61,735	31,866
		62,095	32,569
Creditors: Amounts falling due within one year	5	(199,338)	(53,019)
Net liabilities		(137,243)	(20,450)
Capital and reserves
Called up share capital		100	100
Share premium reserve		168,650	168,650
Profit and loss account		(305,993)	(189,200)
Total equity		(137,243)	(20,450)

For the financial year ending 31 March 2018 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 December 2018 and signed on its behalf by:
 

.........................................

Mr N Roberts
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Rocksevents Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Moat Lodge
Academy Street
Dumfries
DG1 1DB

The company's registration number is: SC468172

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company relies on the financial support of certain creditors and its directors. The directors anticipate that this financial support will continue for the foreseeable future. On the basis, the directors consider it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result, should the financial support be withdrawn or be insufficient and if the company was unable to continue as a going concern.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 3

Rocksevents Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2017 - 5).

4

Debtors

	2018 £	2017 £
Prepayments	-	600
Other debtors	360	103
	360	703

5

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Taxation and social security	34,613	18,280
Accruals and deferred income	1,190	950
Other creditors	163,535	33,789
	199,338	53,019

Page 4