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Registration number: 07745311

Rainbow Blinds (Crewe) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Rainbow Blinds (Crewe) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Rainbow Blinds (Crewe) Limited

(Registration number: 07745311)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

25,180

6,809

Current assets

 

Stocks

990

550

Debtors

5

2,000

434

Cash at bank and in hand

 

277,326

294,573

 

280,316

295,557

Creditors: Amounts falling due within one year

6

(195,292)

(199,530)

Net current assets

 

85,024

96,027

Total assets less current liabilities

 

110,204

102,836

Provisions for liabilities

(4,463)

(1,294)

Net assets

 

105,741

101,542

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

105,641

101,442

Shareholders' funds

 

105,741

101,542

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Rainbow Blinds (Crewe) Limited

(Registration number: 07745311)
Balance Sheet as at 31 December 2021

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 and Directors' Report has been taken.

Approved and authorised by the director on 30 June 2022
 

.........................................
Mr G Beamon
Director

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
92 West Street
Crewe
Cheshire
CW1 3HE

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Revenue recognition

Turnover comprises the invoiced consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.
Any amounts outstanding at the year end will be included within other debtors.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Office equipment

33% reducing balance

Motor vehicles

20% reducing balance

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Stocks

Stocks are valued at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2020 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2021

1,527

-

8,154

9,681

Additions

1,153

21,213

2,060

24,426

At 31 December 2021

2,680

21,213

10,214

34,107

Depreciation

At 1 January 2021

965

-

1,907

2,872

Charge for the year

566

4,243

1,246

6,055

At 31 December 2021

1,531

4,243

3,153

8,927

Carrying amount

At 31 December 2021

1,149

16,970

7,061

25,180

At 31 December 2020

562

-

6,247

6,809

5

Debtors

2021
£

2020
£

Trade debtors

1,240

95

Other debtors

760

339

2,000

434

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

6

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Trade creditors

 

8,259

12,832

Taxation and social security

 

3,958

3,615

Other creditors

 

183,075

183,083

 

195,292

199,530