Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12442759 Mr Nicholas Rendall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12442759 2023-02-28 12442759 2024-02-29 12442759 2023-03-01 2024-02-29 12442759 frs-core:CurrentFinancialInstruments 2024-02-29 12442759 frs-core:Non-currentFinancialInstruments 2024-02-29 12442759 frs-core:FurnitureFittings 2024-02-29 12442759 frs-core:FurnitureFittings 2023-03-01 2024-02-29 12442759 frs-core:FurnitureFittings 2023-02-28 12442759 frs-core:SharePremium 2024-02-29 12442759 frs-core:ShareCapital 2024-02-29 12442759 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12442759 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12442759 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12442759 frs-bus:SmallEntities 2023-03-01 2024-02-29 12442759 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12442759 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12442759 frs-bus:Director1 2023-03-01 2024-02-29 12442759 frs-countries:EnglandWales 2023-03-01 2024-02-29 12442759 2022-02-28 12442759 2023-02-28 12442759 2022-03-01 2023-02-28 12442759 frs-core:CurrentFinancialInstruments 2023-02-28 12442759 frs-core:Non-currentFinancialInstruments 2023-02-28 12442759 frs-core:SharePremium 2023-02-28 12442759 frs-core:ShareCapital 2023-02-28 12442759 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12442759
THE RAINBOW PUB LTD
Unaudited Financial Statements
For The Year Ended 29 February 2024
PLS Management
Pls Management
44 Richmond Road
Kingston Upon Thames
KT2 5EE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12442759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105,772 131,423
105,772 131,423
CURRENT ASSETS
Stocks 5 17,000 17,000
Debtors 6 13,940 27,663
Investments 7 31,625 31,625
Cash at bank and in hand 3,134 4,769
65,699 81,057
Creditors: Amounts Falling Due Within One Year 8 (174,732 ) (110,320 )
NET CURRENT ASSETS (LIABILITIES) (109,033 ) (29,263 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,261 ) 102,160
Creditors: Amounts Falling Due After More Than One Year 9 (158,718 ) (198,714 )
NET LIABILITIES (161,979 ) (96,554 )
CAPITAL AND RESERVES
Called up share capital 10 12,800 12,800
Share premium account 67,200 67,200
Profit and Loss Account (241,979 ) (176,554 )
SHAREHOLDERS' FUNDS (161,979) (96,554)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Rendall
Director
28/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
THE RAINBOW PUB LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12442759 . The registered office is BULLS HEAD, 23 St. Marys Row, Moseley,Birmingham, West Midlands, B13 8HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance
The depreciation of Fixtures & Fittings changed from 20% straight line to 20% reducing balance in FYE 29/02/2024
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 188,870
Additions 754
As at 29 February 2024 189,624
Depreciation
As at 1 March 2023 57,447
Provided during the period 26,405
As at 29 February 2024 83,852
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 105,772
As at 1 March 2023 131,423
5. Stocks
2024 2023
£ £
Finished goods 17,000 17,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 471 138
Prepayments and accrued income 3,469 9,532
Other debtors - 4,090
Director's loan account - 3,903
Called up share capital not paid 10,000 10,000
13,940 27,663
7. Current Asset Investments
2024 2023
£ £
Short term deposits 31,625 31,625
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,624 83,831
Other taxes and social security 10,509 11,198
VAT 28,994 13,553
Other creditors - 1,329
Accruals and deferred income - 409
Director's loan account 44,605 -
174,732 110,320
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 70,461 106,165
Amounts owed to group undertakings 88,257 92,549
158,718 198,714
Page 4
Page 5
10. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 10,000 10,000
Called Up Share Capital has been paid up 2,800 2,800
Amount of Allotted, Called Up Share Capital 12,800 12,800
Page 5