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REGISTERED NUMBER: 03676160 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Rains & Son Limited

Rains & Son Limited (Registered number: 03676160)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Rains & Son Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A J Sutton
J J Ashton





REGISTERED OFFICE: Grosvenor House
45 The Downs
Altrincham
WA14 2QG





REGISTERED NUMBER: 03676160 (England and Wales)





ACCOUNTANTS: Renshaw Limited
Grosvenor House
45 The Downs
Altrincham
Cheshire
WA14 2QG

Rains & Son Limited (Registered number: 03676160)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 10,662 14,467
10,662 14,467

CURRENT ASSETS
Debtors 6 12,311 14,656
Cash at bank 36,259 30,268
48,570 44,924
CREDITORS
Amounts falling due within one year 7 58,721 50,297
NET CURRENT LIABILITIES (10,151 ) (5,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

511

9,094

CREDITORS
Amounts falling due after more than one
year

8

(17,045

)

(19,720

)

PROVISIONS FOR LIABILITIES (1,523 ) (1,523 )
NET LIABILITIES (18,057 ) (12,149 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (19,057 ) (13,149 )
SHAREHOLDERS' FUNDS (18,057 ) (12,149 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:




A J Sutton - Director


Rains & Son Limited (Registered number: 03676160)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Rains & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The Goodwill of the business was valued by the director in 2012 in the sum of £50,000. to be amortised evenly over is expected useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

Rains & Son Limited (Registered number: 03676160)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 50,000
AMORTISATION
At 1 December 2022
and 30 November 2023 50,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Cost or valuation at 30 November 2023 is represented by:

Goodwill
£   
Valuation in 2023 50,000

The goodwill was valued by the director in 2012.

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 53,750
DEPRECIATION
At 1 December 2022 39,283
Charge for year 3,805
At 30 November 2023 43,088
NET BOOK VALUE
At 30 November 2023 10,662
At 30 November 2022 14,467

The plant and equipment was revalued by the director in 2012.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,780 -
Other debtors 1,899 1,500
Prepayments and accrued income - 6,981
Prepayments 6,632 6,175
12,311 14,656

Rains & Son Limited (Registered number: 03676160)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,640 2,640
Trade creditors 4,975 -
Taxation and social security 5,627 12,599
Other creditors 45,479 35,058
58,721 50,297

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,045 19,720

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,485 9,160

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rains & Son Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rains & Son Limited for the year ended 30 November 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Rains & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rains & Son Limited and state those matters that we have agreed to state to the Board of Directors of Rains & Son Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rains & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rains & Son Limited. You consider that Rains & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rains & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Renshaw Limited
Grosvenor House
45 The Downs
Altrincham
Cheshire
WA14 2QG


6 August 2024