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
RAINBOWS FURNITURE LTD
Company Information
for the year ended 31 December 2024
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
RAINBOWS FURNITURE LTD
Statement of financial position
as at 31 December 2024
Tangible assets
1,094
1,459
Cash at bank and in hand
11,955
940
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
Called up share capital
3
3
Profit and loss account
39
41
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
RAINBOWS FURNITURE LTD
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2024
720
374
1,094
At 31 December 2023
960
499
1,459
RAINBOWS FURNITURE LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
14,183
16,270
Other debtors
70,474
78,415
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,259
6,259
Taxes and social security
25,229
19,385
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).