Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseNo description of principal activity6765truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC149934 2022-12-01 2023-11-30 SC149934 2021-12-01 2022-11-30 SC149934 2023-11-30 SC149934 2022-11-30 SC149934 c:Director1 2022-12-01 2023-11-30 SC149934 c:Director2 2022-12-01 2023-11-30 SC149934 c:RegisteredOffice 2022-12-01 2023-11-30 SC149934 d:Buildings 2022-12-01 2023-11-30 SC149934 d:Buildings 2023-11-30 SC149934 d:Buildings 2022-11-30 SC149934 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC149934 d:Buildings d:LongLeaseholdAssets 2022-12-01 2023-11-30 SC149934 d:Buildings d:LongLeaseholdAssets 2023-11-30 SC149934 d:Buildings d:LongLeaseholdAssets 2022-11-30 SC149934 d:FurnitureFittings 2022-12-01 2023-11-30 SC149934 d:FurnitureFittings 2023-11-30 SC149934 d:FurnitureFittings 2022-11-30 SC149934 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC149934 d:OfficeEquipment 2022-12-01 2023-11-30 SC149934 d:OfficeEquipment 2023-11-30 SC149934 d:OfficeEquipment 2022-11-30 SC149934 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC149934 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC149934 d:CurrentFinancialInstruments 2023-11-30 SC149934 d:CurrentFinancialInstruments 2022-11-30 SC149934 d:Non-currentFinancialInstruments 2023-11-30 SC149934 d:Non-currentFinancialInstruments 2022-11-30 SC149934 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC149934 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 SC149934 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 SC149934 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 SC149934 d:ShareCapital 2023-11-30 SC149934 d:ShareCapital 2022-11-30 SC149934 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC149934 d:RetainedEarningsAccumulatedLosses 2022-11-30 SC149934 c:OrdinaryShareClass1 2022-12-01 2023-11-30 SC149934 c:OrdinaryShareClass1 2023-11-30 SC149934 c:OrdinaryShareClass1 2022-11-30 SC149934 c:FRS102 2022-12-01 2023-11-30 SC149934 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC149934 c:FullAccounts 2022-12-01 2023-11-30 SC149934 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC149934 d:WithinOneYear 2023-11-30 SC149934 d:WithinOneYear 2022-11-30 SC149934 d:BetweenOneFiveYears 2023-11-30 SC149934 d:BetweenOneFiveYears 2022-11-30 SC149934 d:MoreThanFiveYears 2023-11-30 SC149934 d:MoreThanFiveYears 2022-11-30 SC149934 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC149934










RAINBOW NURSERY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
RAINBOW NURSERY LIMITED
 

COMPANY INFORMATION


Directors
C Skinner 
I C Skinner 




Registered number
SC149934



Registered office
8 Crofters Way
East Whitburn

Bathgate

West Lothian

EH47 8ES




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
RAINBOW NURSERY LIMITED
REGISTERED NUMBER: SC149934

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
353,601
364,145

  
353,601
364,145

Current assets
  

Debtors: amounts falling due within one year
 5 
47,822
5,957

Cash at bank and in hand
  
61,910
4,721

  
109,732
10,678

Creditors: amounts falling due within one year
 6 
(188,159)
(169,212)

Net current liabilities
  
 
 
(78,427)
 
 
(158,534)

Total assets less current liabilities
  
275,174
205,611

Creditors: amounts falling due after more than one year
 7 
(32,399)
(37,831)

Provisions for liabilities
  

Deferred tax
  
(1,651)
(910)

  
 
 
(1,651)
 
 
(910)

Net assets
  
241,124
166,870


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
241,024
166,770

  
241,124
166,870


Page 1

 
RAINBOW NURSERY LIMITED
REGISTERED NUMBER: SC149934

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I C Skinner
Director

Date: 23 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
RAINBOW NURSERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Rainbow Nursery Limited is limited by shares and incorporated in Scotland, registration number SC149934. The address of the registered office is 8 Crofters Way, East Whiteburn, Bathgate, West Lothian EH47 8ES. The trading address of the company is 14 Moss Way, Hillend Industrial Estate, Dalgety Bay, KY11 9JS.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
RAINBOW NURSERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and using the straight line method.

Depreciation is provided on the following basis:

Freehold property
-
2% reducing balance
Leasehold property
-
2% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance and 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
RAINBOW NURSERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 67 (2022 - 65).

Page 5

 
RAINBOW NURSERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Freehold property
Long-term leasehold property
Fixtures and fittings
Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
332,858
219,873
164,126
35,138
751,995


Additions
-
-
784
-
784



At 30 November 2023

332,858
219,873
164,910
35,138
752,779



Depreciation


At 1 December 2022
115,371
82,526
156,803
33,150
387,850


Charge for the year on owned assets
4,350
2,747
3,682
549
11,328



At 30 November 2023

119,721
85,273
160,485
33,699
399,178



Net book value



At 30 November 2023
213,137
134,600
4,425
1,439
353,601



At 30 November 2022
217,487
137,347
7,323
1,988
364,145


5.


Debtors

2023
2022
£
£


Trade debtors
47,822
5,957

47,822
5,957


Page 6

 
RAINBOW NURSERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,550
5,668

Other loans
30,304
12,945

Trade creditors
7,952
12,009

Other taxation and social security
94,383
102,748

Other creditors
2,311
2,544

Accruals and deferred income
47,659
33,298

188,159
169,212


The bank overdraft is secured by a standard security over the land at Strathkinnes High Road, Pentland Park Glenrothes, the property at Dalgety Bay and by a bond and floating charge over the assets.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
32,399
37,831

32,399
37,831



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Commitments under operating leases

At 30 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
2,613
2,613

Later than 1 year and not later than 5 years
10,450
10,450

Later than 5 years
38,388
41,001

51,451
54,064

Page 7

 
RAINBOW NURSERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Controlling party

The controlling party of Rainbow Nursery Limited is its parent company Rainbow Nursery (2010) Limited, which holds 100% of the shares of the company.


Page 8