Rainbow Blinds (Crewe) Limited 07745311 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the installation of blinds. Digita Accounts Production Advanced 6.30.9574.0 true 07745311 2023-01-01 2023-12-31 07745311 2023-12-31 07745311 core:RetainedEarningsAccumulatedLosses 2023-12-31 07745311 core:ShareCapital 2023-12-31 07745311 core:CurrentFinancialInstruments 2023-12-31 07745311 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07745311 core:FurnitureFittingsToolsEquipment 2023-12-31 07745311 core:MotorVehicles 2023-12-31 07745311 core:OtherPropertyPlantEquipment 2023-12-31 07745311 bus:SmallEntities 2023-01-01 2023-12-31 07745311 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07745311 bus:FullAccounts 2023-01-01 2023-12-31 07745311 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07745311 bus:RegisteredOffice 2023-01-01 2023-12-31 07745311 bus:Director1 2023-01-01 2023-12-31 07745311 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07745311 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 07745311 core:MotorVehicles 2023-01-01 2023-12-31 07745311 core:Non-standardPPEClass4ComponentTotalPropertyPlantEquipment 2023-01-01 2023-12-31 07745311 core:OfficeEquipment 2023-01-01 2023-12-31 07745311 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07745311 core:PlantMachinery 2023-01-01 2023-12-31 07745311 countries:EnglandWales 2023-01-01 2023-12-31 07745311 2022-12-31 07745311 core:FurnitureFittingsToolsEquipment 2022-12-31 07745311 core:MotorVehicles 2022-12-31 07745311 core:OtherPropertyPlantEquipment 2022-12-31 07745311 2022-01-01 2022-12-31 07745311 2022-12-31 07745311 core:RetainedEarningsAccumulatedLosses 2022-12-31 07745311 core:ShareCapital 2022-12-31 07745311 core:CurrentFinancialInstruments 2022-12-31 07745311 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07745311 core:FurnitureFittingsToolsEquipment 2022-12-31 07745311 core:MotorVehicles 2022-12-31 07745311 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 07745311

Rainbow Blinds (Crewe) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

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 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

28,711

21,023

Current assets

 

Stocks

1,025

1,025

Debtors

5

1,883

908

Cash at bank and in hand

 

215,550

183,940

 

218,458

185,873

Creditors: Amounts falling due within one year

6

(234,142)

(96,498)

Net current (liabilities)/assets

 

(15,684)

89,375

Total assets less current liabilities

 

13,027

110,398

Provisions for liabilities

(6,690)

(3,731)

Net assets

 

6,337

106,667

Capital and reserves

 

Called up share capital

100

100

Retained earnings

6,237

106,567

Shareholders' funds

 

6,337

106,667

 

Rainbow Blinds (Crewe) Limited

(Registration number: 07745311)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

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

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 £.

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.

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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 less estimated residual value, 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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

3,688

21,213

10,214

35,115

Additions

-

28,125

166

28,291

Disposals

-

(21,213)

-

(21,213)

At 31 December 2023

3,688

28,125

10,380

42,193

Depreciation

At 1 January 2023

2,243

7,637

4,212

14,092

Charge for the year

477

5,625

925

7,027

Eliminated on disposal

-

(7,637)

-

(7,637)

At 31 December 2023

2,720

5,625

5,137

13,482

Carrying amount

At 31 December 2023

968

22,500

5,243

28,711

At 31 December 2022

1,445

13,576

6,002

21,023

5

Debtors

2023
£

2022
£

Trade debtors

1,145

310

Other debtors

738

598

1,883

908

 

Rainbow Blinds (Crewe) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

 

Trade creditors

 

8,283

6,835

Taxation and social security

 

4,836

4,095

Other creditors

 

221,023

85,568

 

234,142

96,498

7

Related party transactions

At 31 December 2023 the Company's parent Rainbow Holdings (Crewe) Limited was owed £196,470 by the company. This loan is interest free and repayable on demand. Advances during the year amounted to £132,022.