Rocket Rentals Limited - Abbreviated accounts 16.1

Rocket Rentals Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 04210024(England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

ROCKET RENTALS LIMITED

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ROCKET RENTALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTOR: S J Tomblin





REGISTERED OFFICE: Area 51
Field Lane
Lower Cam
Dursley
Gloucestershire
GL11 5HU





REGISTERED NUMBER: 04210024(England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

30.6.16 30.6.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,722,774 976,748

CURRENT ASSETS
Debtors 1,297,463 1,202,130
Cash at bank and in hand 521,291 442,812
1,818,754 1,644,942
CREDITORS
Amounts falling due within one year 3 1,013,412 352,878
NET CURRENT ASSETS 805,342 1,292,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,528,116

2,268,812

CREDITORS
Amounts falling due after more than one year 3 (1,624,133 ) (574,932 )

PROVISIONS FOR LIABILITIES (129,738 ) (93,406 )
NET ASSETS 1,774,245 1,600,474

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,774,145 1,600,374
SHAREHOLDERS' FUNDS 1,774,245 1,600,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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.

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 15 November 2016and were signed by:





S J Tomblin- Director


ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on cost and 15% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 2,369,544
Additions 2,499,220
Disposals (213,801 )
At 30 June 2016 4,654,963
DEPRECIATION
At 1 July 2015 1,392,796
Charge for year 719,605
Eliminated on disposal (180,212 )
At 30 June 2016 1,932,189
NET BOOK VALUE
At 30 June 2016 2,722,774
At 30 June 2015 976,748

3. CREDITORS

Creditors include an amount of £ 2,333,250 (30.6.15 - £ 795,111 ) for which security has been given.

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.16 30.6.15
value: £    £   
100 Ordinary £1 100 100

5. RELATED PARTY DISCLOSURES

The company is 100% owned by Rocket (Holdings) Ltd which is under the control of its director S J Tomblin and
his wife.
The company is leasing assets from Rocket (Holdings) Ltd at an arms length value and was charged £ 150,200 in
the year to 30th June 2016 (2015- £208,875).As at 30th June 2016 the balance due from Rocket (Holdings) Ltd was
£809,035.(2015- £824,663)
The company is leasing land from S J Tomblin and his wife on an arms length basis and was charged £24,000 in
the year to 30th June 2016 (2015- £nil). There was no balance outstanding at the year end.