Registered number
10601200
RAINBOW WASTE MANAGEMENT (HOLDINGS) LIMITED
Filleted Accounts
30 September 2024
RAINBOW WASTE MANAGEMENT (HOLDINGS) LIMITED
Registered number: 10601200
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,174,803 1,973,051
Investments 4 1,000 1,000
2,175,803 1,974,051
Current assets
Debtors 5 529,867 421,877
Cash at bank and in hand 525,775 168,528
1,055,642 590,405
Creditors: amounts falling due within one year 6 (647,568) (405,498)
Net current assets 408,074 184,907
Total assets less current liabilities 2,583,877 2,158,958
Creditors: amounts falling due after more than one year 7 (142,485) (154,898)
Provisions for liabilities (1,740) (1,740)
Net assets 2,439,652 2,002,320
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 2,438,652 2,001,320
Shareholders' funds 2,439,652 2,002,320
The directors are 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 directors acknowledge their 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.
Mr C Hill
Director
Approved by the board on 16 May 2025
RAINBOW WASTE MANAGEMENT (HOLDINGS) LIMITED
Notes to the Accounts
for the year ended 30 September 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings not provided
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 1,664,965 214,598 174,831 2,054,394
Additions 41,255 164,045 73,510 278,810
At 30 September 2024 1,706,220 378,643 248,341 2,333,204
Depreciation
At 1 October 2023 - 33,284 48,059 81,343
Charge for the year - 50,004 27,054 77,058
At 30 September 2024 - 83,288 75,113 158,401
Net book value
At 30 September 2024 1,706,220 295,355 173,228 2,174,803
At 30 September 2023 1,664,965 181,314 126,772 1,973,051
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 1,000
At 30 September 2024 1,000
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 528,647 421,877
Other debtors 1,220 -
529,867 421,877
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 16,913 16,913
Trade creditors 15,261 -
Taxation and social security costs 10,139 2,296
Other creditors 605,255 386,289
647,568 405,498
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 142,485 154,898
8 Other information
RAINBOW WASTE MANAGEMENT (HOLDINGS) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
J3 Robian Way
Swadlincote
Derbyshire
DE11 9DH
RAINBOW WASTE MANAGEMENT (HOLDINGS) LIMITED 10601200 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2024 Mr C Hill No description of principal activity 10601200 2022-10-01 2023-09-30 10601200 core:WithinOneYear 2023-09-30 10601200 core:AfterOneYear 2023-09-30 10601200 core:ShareCapital 2023-09-30 10601200 core:RetainedEarningsAccumulatedLosses 2023-09-30 10601200 2023-10-01 2024-09-30 10601200 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10601200 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10601200 bus:Director40 2023-10-01 2024-09-30 10601200 1 2023-10-01 2024-09-30 10601200 2 2023-10-01 2024-09-30 10601200 core:LandBuildings 2023-10-01 2024-09-30 10601200 core:PlantMachinery 2023-10-01 2024-09-30 10601200 core:Vehicles 2023-10-01 2024-09-30 10601200 countries:England 2023-10-01 2024-09-30 10601200 bus:FRS102 2023-10-01 2024-09-30 10601200 bus:FilletedAccounts 2023-10-01 2024-09-30 10601200 2024-09-30 10601200 core:WithinOneYear 2024-09-30 10601200 core:AfterOneYear 2024-09-30 10601200 core:ShareCapital 2024-09-30 10601200 core:RetainedEarningsAccumulatedLosses 2024-09-30 10601200 core:LandBuildings 2024-09-30 10601200 core:PlantMachinery 2024-09-30 10601200 core:Vehicles 2024-09-30 10601200 2023-09-30 10601200 core:LandBuildings 2023-09-30 10601200 core:PlantMachinery 2023-09-30 10601200 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure