Rocket Rentals Limited - Accounts to registrar (filleted) - small 18.2

Rocket Rentals Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 04210024(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

ROCKET RENTALS LIMITED

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROCKET RENTALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTOR: S J Tomblin





REGISTERED OFFICE: Area 51
Bristol Road
Slimbridge
Gloucestershire
GL2 7DW





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)

BALANCE SHEET
30 JUNE 2018

30.6.18 30.6.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,873,047 3,628,363

CURRENT ASSETS
Debtors 5 1,258,178 1,187,971
Cash at bank and in hand 285,139 107,912
1,543,317 1,295,883
CREDITORS
Amounts falling due within one year 6 1,575,910 1,430,138
NET CURRENT LIABILITIES (32,593 ) (134,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,840,454

3,494,108

CREDITORS
Amounts falling due after more than one year 7 (2,584,531 ) (1,553,350 )

PROVISIONS FOR LIABILITIES (181,392 ) (118,173 )
NET ASSETS 2,074,531 1,822,585

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,074,431 1,822,485
SHAREHOLDERS' FUNDS 2,074,531 1,822,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

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

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

BALANCE SHEET - continued
30 JUNE 2018


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 director on 23 October 2018and were signed by:





S J Tomblin- Director


ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018

1. STATUTORY INFORMATION

Rocket Rentals 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.

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 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

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
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 profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23(2017 - 17) .

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2017 910,865 5,376,006 6,286,871
Additions - 2,708,623 2,708,623
Disposals (265,292 ) (1,190,538 ) (1,455,830 )
At 30 June 2018 645,573 6,894,091 7,539,664
DEPRECIATION
At 1 July 2017 211,240 2,447,268 2,658,508
Charge for year 54,052 862,060 916,112
Eliminated on disposal (265,292 ) (642,711 ) (908,003 )
At 30 June 2018 - 2,666,617 2,666,617
NET BOOK VALUE
At 30 June 2018 645,573 4,227,474 4,873,047
At 30 June 2017 699,625 2,928,738 3,628,363

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2017 4,379,978
Additions 2,682,045
Disposals (1,149,288 )
Transfer to ownership (48,761 )
At 30 June 2018 5,863,974
DEPRECIATION
At 1 July 2017 1,638,344
Charge for year 799,114
Eliminated on disposal (601,461 )
Transfer to ownership (29,256 )
At 30 June 2018 1,806,741
NET BOOK VALUE
At 30 June 2018 4,057,233
At 30 June 2017 2,741,634

ROCKET RENTALS LIMITED (REGISTERED NUMBER: 04210024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade debtors 662,060 613,774
Amounts owed by group undertakings 558,714 565,855
Other debtors 37,404 8,342
1,258,178 1,187,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Hire purchase contracts 1,178,851 1,025,815
Trade creditors 236,812 179,606
Taxation and social security 69,007 149,042
Other creditors 91,240 75,675
1,575,910 1,430,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.18 30.6.17
£    £   
Hire purchase contracts 2,584,531 1,553,350

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.18 30.6.17
£    £   
Hire purchase contracts 3,763,382 2,579,165

9. 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 £69,360 in the
year to 30th June 2018(2017- £69,360).As at 30th June 2018 the balance due from Rocket (Holdings) Ltd was
£558,714.(2017- £565,955)
The company is leasing land from S J Tomblin and his wife on an arms length basis and was charged £36,750 in
the year to 30th June 2018(2017- £24,000). There was no balance outstanding at the year end.