IRIS Accounts Production v24.3.0.553 03708017 Board of Directors 6.4.23 5.4.24 5.4.24 false true false false false true false Ordinary Shares of £1 each 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037080172023-04-05037080172024-04-05037080172023-04-062024-04-05037080172022-04-05037080172022-04-062023-04-05037080172023-04-0503708017ns15:EnglandWales2023-04-062024-04-0503708017ns14:PoundSterling2023-04-062024-04-0503708017ns10:Director12023-04-062024-04-0503708017ns10:PrivateLimitedCompanyLtd2023-04-062024-04-0503708017ns10:SmallEntities2023-04-062024-04-0503708017ns10:AuditExempt-NoAccountantsReport2023-04-062024-04-0503708017ns10:SmallCompaniesRegimeForDirectorsReport2023-04-062024-04-0503708017ns10:SmallCompaniesRegimeForAccounts2023-04-062024-04-0503708017ns10:FullAccounts2023-04-062024-04-050370801712023-04-062024-04-0503708017ns10:OrdinaryShareClass12023-04-062024-04-0503708017ns10:Director22023-04-062024-04-0503708017ns10:RegisteredOffice2023-04-062024-04-0503708017ns5:CurrentFinancialInstruments2024-04-0503708017ns5:CurrentFinancialInstruments2023-04-0503708017ns5:ShareCapital2024-04-0503708017ns5:ShareCapital2023-04-0503708017ns5:RetainedEarningsAccumulatedLosses2024-04-0503708017ns5:RetainedEarningsAccumulatedLosses2023-04-0503708017ns5:NetGoodwill2023-04-062024-04-0503708017ns5:IntangibleAssetsOtherThanGoodwill2023-04-062024-04-0503708017ns5:NetGoodwill2023-04-0503708017ns5:NetGoodwill2024-04-0503708017ns5:NetGoodwill2023-04-0503708017ns5:FurnitureFittings2023-04-0503708017ns5:ComputerEquipment2023-04-0503708017ns5:FurnitureFittings2023-04-062024-04-0503708017ns5:ComputerEquipment2023-04-062024-04-0503708017ns5:FurnitureFittings2024-04-0503708017ns5:ComputerEquipment2024-04-0503708017ns5:FurnitureFittings2023-04-0503708017ns5:ComputerEquipment2023-04-0503708017ns10:OrdinaryShareClass12024-04-0503708017ns5:RetainedEarningsAccumulatedLosses2023-04-0503708017ns5:RetainedEarningsAccumulatedLosses2023-04-062024-04-05
REGISTERED NUMBER: 03708017 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Rains & Co Limited

Rains & Co Limited (Registered number: 03708017)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rains & Co Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: G M Rains
Mrs M A Rains





REGISTERED OFFICE: 10 Stannington Glen
Stannington
Sheffield
S6 6NA





REGISTERED NUMBER: 03708017 (England and Wales)





ACCOUNTANTS: Rains and Co Ltd
P O Box 5047
Sheffield
South Yorkshire
S6 9GJ

Rains & Co Limited (Registered number: 03708017)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,700 17,700
Tangible assets 5 544 376
18,244 18,076

CURRENT ASSETS
Debtors 6 12,126 8,129
Cash at bank 59,661 69,108
71,787 77,237
CREDITORS
Amounts falling due within one year 7 13,016 21,023
NET CURRENT ASSETS 58,771 56,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,015

74,290

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 77,013 74,288
SHAREHOLDERS' FUNDS 77,015 74,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

Rains & Co Limited (Registered number: 03708017)

Balance Sheet - continued
5 April 2024


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 21 November 2024 and were signed on its behalf by:





G M Rains - Director


Rains & Co Limited (Registered number: 03708017)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Rains & Co 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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 balance sheet date.


Rains & Co Limited (Registered number: 03708017)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2023
and 5 April 2024 17,700
NET BOOK VALUE
At 5 April 2024 17,700
At 5 April 2023 17,700

Rains & Co Limited (Registered number: 03708017)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. TANGIBLE FIXED ASSETS
Computer
and
Fixtures Photographic
and Equ
fittings ipment Totals
£    £    £   
COST
At 6 April 2023 1,588 6,587 8,175
Additions - 415 415
At 5 April 2024 1,588 7,002 8,590
DEPRECIATION
At 6 April 2023 1,511 6,288 7,799
Charge for year 11 236 247
At 5 April 2024 1,522 6,524 8,046
NET BOOK VALUE
At 5 April 2024 66 478 544
At 5 April 2023 77 299 376

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 12,126 8,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors - 52
Tax 6,018 14,088
Social security and other taxes 949 -
VAT 5,960 6,447
Directors' current accounts 37 436
Accrued expenses 52 -
13,016 21,023

Rains & Co Limited (Registered number: 03708017)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
2 Ordinary Shares of £1 each £1 2 2

9. RESERVES
Retained
earnings
£   

At 6 April 2023 74,288
Profit for the year 25,825
Dividends (23,100 )
At 5 April 2024 77,013