Registered number
08787903
RAINBOW NINJAS LIMITED
Filleted Accounts
31 March 2024
RAINBOW NINJAS LIMITED
Registered number: 08787903
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,200 2,628
Current assets
Debtors 4 28,181 21,182
Cash at bank and in hand 7,472 8,481
35,653 29,663
Creditors: amounts falling due within one year 5 (18,304) (8,999)
Net current assets 17,349 20,664
Total assets less current liabilities 18,549 23,292
Creditors: amounts falling due after more than one year 6 (27,298) (32,171)
Net liabilities (8,749) (8,879)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,849) (8,979)
Shareholders' funds (8,749) (8,879)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Atyeb Ahmed
Director
Approved by the board on 27 November 2024
RAINBOW NINJAS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
FA - Plant and machinery SLM 33.33%
FA - Equipment, Fixtures, Fittings SLM 20%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Equipment, Fixtures, and Fittings Total
£ £ £
Cost
At 1 April 2023 12,334 4,800 17,134
At 31 March 2024 12,334 4,800 17,134
Depreciation
At 1 April 2023 11,866 2,640 14,506
Charge for the year 468 960 1,428
At 31 March 2024 12,334 3,600 15,934
Net book value
At 31 March 2024 - 1,200 1,200
At 31 March 2023 468 2,160 2,628
4 Debtors 2024 2023
£ £
Trade debtors - (9,706)
Other debtors 28,181 30,888
28,181 21,182
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,386 -
Taxation and social security costs 8,518 8,999
Other creditors 8,400 -
18,304 8,999
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,298 32,171
7 Other information
RAINBOW NINJAS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2,Parkway 5
300 Princess Road
Manchester
England
M14 7HR
RAINBOW NINJAS LIMITED 08787903 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Atyeb Ahmed No description of principal activity 08787903 2022-04-01 2023-03-31 08787903 core:WithinOneYear 2023-03-31 08787903 core:AfterOneYear 2023-03-31 08787903 core:ShareCapital 2023-03-31 08787903 core:RetainedEarningsAccumulatedLosses 2023-03-31 08787903 2023-04-01 2024-03-31 08787903 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08787903 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08787903 bus:Director40 2023-04-01 2024-03-31 08787903 1 2023-04-01 2024-03-31 08787903 2 2023-04-01 2024-03-31 08787903 core:PlantMachinery 2023-04-01 2024-03-31 08787903 core:Vehicles 2023-04-01 2024-03-31 08787903 countries:England 2023-04-01 2024-03-31 08787903 bus:FRS102 2023-04-01 2024-03-31 08787903 bus:FilletedAccounts 2023-04-01 2024-03-31 08787903 2024-03-31 08787903 core:WithinOneYear 2024-03-31 08787903 core:AfterOneYear 2024-03-31 08787903 core:ShareCapital 2024-03-31 08787903 core:RetainedEarningsAccumulatedLosses 2024-03-31 08787903 core:PlantMachinery 2024-03-31 08787903 core:Vehicles 2024-03-31 08787903 2023-03-31 08787903 core:PlantMachinery 2023-03-31 08787903 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure