RAINEY & BEST LIMITED

Company Registration Number:
NI634392 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

RAINEY & BEST LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

RAINEY & BEST LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 67,823 78,945
Total fixed assets: 67,823 78,945
Current assets
Stocks: 1,146,000 1,046,000
Debtors:   1,292,586 1,115,058
Cash at bank and in hand: 1,979,192 244,387
Total current assets: 4,417,778 2,405,445
Creditors: amounts falling due within one year:   (2,591,926) (793,865)
Net current assets (liabilities): 1,825,852 1,611,580
Total assets less current liabilities: 1,893,675 1,690,525
Total net assets (liabilities): 1,893,675 1,690,525
Capital and reserves
Called up share capital: 1,500,100 1,500,100
Profit and loss account: 393,575 190,425
Shareholders funds: 1,893,675 1,690,525

The notes form part of these financial statements

RAINEY & BEST LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 September 2024
and signed on behalf of the board by:

Name: Mr E A McCullagh
Status: Director

The notes form part of these financial statements

RAINEY & BEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the economic life of the asset as follows Office equipment 20% reducing balance, Fixtures and Fittings 20% reducing balance, Motor vehicles 25% reducing balance.

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful life of that asset as follows, Goodwill 20% straight line.

RAINEY & BEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 32 30

RAINEY & BEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 161,784
Additions 12,742
Disposals (5,668)
At 30 November 2023 168,858
Depreciation
At 01 December 2022 82,839
Charge for year 20,809
On disposals (2,613)
At 30 November 2023 101,035
Net book value
At 30 November 2023 67,823
At 30 November 2022 78,945