RAINBOWWAVE LIMITED

Company Registration Number:
04501620 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

RAINBOWWAVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

RAINBOWWAVE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 15,000 62,000
Tangible assets: 4 117,000 250,000
Investments:   0 0
Total fixed assets: 132,000 312,000
Current assets
Stocks: 0 148,000
Debtors: 5 2,595,000 3,174,000
Cash at bank and in hand: 137,000 292,000
Investments:   0 0
Total current assets: 2,732,000 3,614,000
Creditors: amounts falling due within one year: 6 (1,433,000) (1,026,000)
Net current assets (liabilities): 1,299,000 2,588,000
Total assets less current liabilities: 1,431,000 2,900,000
Creditors: amounts falling due after more than one year: 7 (37,000) (112,000)
Provision for liabilities: 0 (59,000)
Total net assets (liabilities): 1,394,000 2,729,000
Capital and reserves
Called up share capital: 100,000 100,000
Other reserves: 33,000 177,000
Profit and loss account: 1,261,000 2,452,000
Shareholders funds: 1,394,000 2,729,000

The notes form part of these financial statements

RAINBOWWAVE LIMITED

Balance sheet statements

For the year ending 31 December 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 25 September 2024
and signed on behalf of the board by:

Name: Maria Lemos Kambouroglou
Status: Director

The notes form part of these financial statements

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 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

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 37 39

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 167,000
At 31 December 2023 167,000
Amortisation
At 01 January 2023 105,000
Charge for year 47,000
At 31 December 2023 152,000
Net book value
At 31 December 2023 15,000
At 31 December 2022 62,000

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 557,000
At 31 December 2023 557,000
Depreciation
At 01 January 2023 307,000
Charge for year 133,000
At 31 December 2023 440,000
Net book value
At 31 December 2023 117,000
At 31 December 2022 250,000

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Includes Trade Creditors, amount owed to group company, VAT and other creditors including a loan.

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

Relates to a small loan.

RAINBOWWAVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Related party transactions

Name of the related party: Rainbowwave Retail Limited
Relationship:
Owned by same majority shareholder.
Description of the Transaction: Loan of £422k from Rainbowwave Limited to Rainbowwave Retail Limited.
£
Balance at 01 January 2023 22,000
Balance at 31 December 2023 422,000