Registered number
12037925
Rainydayz Ltd
Filleted Accounts
30 June 2023
Rainydayz Ltd
Registered number: 12037925
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 560
Current assets
Debtors 4 - 9,829
Cash at bank 2,759 10,054
2,759 19,883
Creditors: amounts falling due within one year 5 (288) (416)
Net current assets 2,471 19,467
Net assets 2,471 20,027
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,470 20,026
Shareholder's funds 2,471 20,027
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A P Ruddock
Director
Approved by the board on 15 March 2024
Rainydayz Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of IT consultancy services.Turnover from the rendering of IT consultancy services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 July 2022 1,681
At 30 June 2023 1,681
Depreciation
At 1 July 2022 1,121
Charge for the year 560
At 30 June 2023 1,681
Net book value
At 30 June 2023 -
At 30 June 2022 560
4 Debtors 2023 2022
£ £
Other debtors - 9,829
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 360
Taxation and social security costs (376) (257)
Other creditors 664 313
288 416
6 Other information
Rainydayz Ltd is a private company limited by shares and incorporated in England. Its registered office is:
93 Denman Avenue
Cheltenham
Gloucestershire
GL50 4GF
Rainydayz Ltd 12037925 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 Mr A P Ruddock No description of principal activity 12037925 2021-07-01 2022-06-30 12037925 core:WithinOneYear 2022-06-30 12037925 core:ShareCapital 2022-06-30 12037925 core:RetainedEarningsAccumulatedLosses 2022-06-30 12037925 2022-07-01 2023-06-30 12037925 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12037925 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12037925 bus:Director40 2022-07-01 2023-06-30 12037925 1 2022-07-01 2023-06-30 12037925 2 2022-07-01 2023-06-30 12037925 core:PlantMachinery 2022-07-01 2023-06-30 12037925 countries:England 2022-07-01 2023-06-30 12037925 bus:FRS102 2022-07-01 2023-06-30 12037925 bus:FullAccounts 2022-07-01 2023-06-30 12037925 2023-06-30 12037925 core:WithinOneYear 2023-06-30 12037925 core:ShareCapital 2023-06-30 12037925 core:RetainedEarningsAccumulatedLosses 2023-06-30 12037925 core:PlantMachinery 2023-06-30 12037925 2022-06-30 12037925 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure