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Company Registration No. 11109221 (England and Wales)
RAINBOWS FURNITURE LTD Unaudited accounts for the year ended 31 December 2024
RAINBOWS FURNITURE LTD Unaudited accounts Contents
Page
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RAINBOWS FURNITURE LTD Company Information for the year ended 31 December 2024
Director
Thomas Rainbow
Company Number
11109221 (England and Wales)
Registered Office
Unit 4 Quantum Business Park Infield Lane, Habblesthorpe Retford Nottinghamshire DN22 0AL England
Accountants
Accsafe Ltd T/A D&K Accounting Office 2, The Beehive Bawtry Hall Bawtry South Yorkshire DN10 6JH
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RAINBOWS FURNITURE LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,094 
1,459 
Current assets
Debtors
84,657 
94,685 
Cash at bank and in hand
11,955 
940 
96,612 
95,625 
Creditors: amounts falling due within one year
(58,247)
(54,363)
Net current assets
38,365 
41,262 
Total assets less current liabilities
39,459 
42,721 
Creditors: amounts falling due after more than one year
(39,209)
(42,400)
Provisions for liabilities
Deferred tax
(208)
(277)
Net assets
42 
44 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
39 
41 
Shareholders' funds
42 
44 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2025 and were signed on its behalf by
Thomas Rainbow Director Company Registration No. 11109221
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RAINBOWS FURNITURE LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
RAINBOWS FURNITURE LTD is a private company, limited by shares, registered in England and Wales, registration number 11109221. The registered office is Unit 4, Quantum Business Park, Infield Lane, Habblesthorpe, Retford, Nottinghamshire, DN22 0AL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
4,510 
1,309 
5,819 
At 31 December 2024
4,510 
1,309 
5,819 
Depreciation
At 1 January 2024
3,550 
810 
4,360 
Charge for the year
240 
125 
365 
At 31 December 2024
3,790 
935 
4,725 
Net book value
At 31 December 2024
720 
374 
1,094 
At 31 December 2023
960 
499 
1,459 
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RAINBOWS FURNITURE LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,183 
16,270 
Other debtors
70,474 
78,415 
84,657 
94,685 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,259 
6,259 
VAT
26,046 
28,152 
Taxes and social security
25,229 
19,385 
Other creditors
713 
567 
58,247 
54,363 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
39,209 
42,400 
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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