Rainbow Reef Daycare Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11456861

Rainbow Reef Daycare Ltd

Filleted Unaudited Financial Statements

31 July 2025

Rainbow Reef Daycare Ltd

Financial Statements

Year ended 31 July 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 8

Rainbow Reef Daycare Ltd

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	9,333	12,133
Tangible assets	7	45,627	30,818
		--------	--------
		54,960	42,951

Current assets

Cash at bank and in hand	67,963	38,875

Creditors: amounts falling due within one year	8	( 56,182)	( 60,917)
		--------	--------
Net current assets/(liabilities)		11,781	( 22,042)
		--------	--------
Total assets less current liabilities		66,741	20,909

Creditors: amounts falling due after more than one year	9	( 12,574)	–

Provisions	10	( 5,061)	( 2,130)
		--------	--------
Net assets		49,106	18,779
		--------	--------

Capital and reserves

Called up share capital	12	2	2
Profit and loss account		49,104	18,777
		--------	--------
Shareholders funds		49,106	18,779
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Rainbow Reef Daycare Ltd

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

B. A. Walters	R. P. Gledhill
Director	Director

Company registration number: 11456861

Rainbow Reef Daycare Ltd

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6, Johnston Business Park, Johnston, Haverfordwest, Pembrokeshire, SA62 3PL, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	2% straight line
Fixtures and Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 23 (2024: 23 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	5,151	806

Deferred tax:

Origination and reversal of timing differences	2,931	515
	-------	-------
Tax on profit	8,082	1,321
	-------	-------

6. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	28,000
	--------
Amortisation
At 1 August 2024	15,867
Charge for the year	2,800
	--------
At 31 July 2025	18,667
	--------
Carrying amount
At 31 July 2025	9,333
	--------
At 31 July 2024	12,133
	--------

7. Tangible assets

	Property Improvements	Fixtures and Fittings	Motor Vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	16,408	3,761	16,150	16,279	52,598
Additions	–	5,517	20,000	–	25,517
	--------	-------	--------	--------	--------
At 31 July 2025	16,408	9,278	36,150	16,279	78,115
	--------	-------	--------	--------	--------
Depreciation
At 1 August 2024	1,591	1,209	9,177	9,803	21,780
Charge for the year	329	2,017	6,743	1,619	10,708
	--------	-------	--------	--------	--------
At 31 July 2025	1,920	3,226	15,920	11,422	32,488
	--------	-------	--------	--------	--------
Carrying amount
At 31 July 2025	14,488	6,052	20,230	4,857	45,627
	--------	-------	--------	--------	--------
At 31 July 2024	14,817	2,552	6,973	6,476	30,818
	--------	-------	--------	--------	--------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor Vehicles
	£
At 31 July 2025	15,000
	--------
At 31 July 2024	–
	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	108	591
Corporation tax	5,137	806
Social security and other taxes	1,719	503
Other creditors	46,443	59,017
Hire purchase creditor (secured)	2,775	–
	--------	--------
	56,182	60,917
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Hire purchase creditor (secured)	12,574	–
	--------	----

10. Provisions

	Deferred tax (note 11)
	£
At 1 August 2024	2,130
Additions	2,931
	-------
At 31 July 2025	5,061
	-------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	5,061	2,130
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	5,061	2,130
	-------	-------

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

13. Related party transactions

The company was under the control of B. A. Walters and R. P. Gledhill throughout the current and previous year. B. A. Walters and R. P. Gledhill are the joint shareholders. During the year the company paid dividends of £1,000 (2024 - £2,000) to B. A. Walters and R. P. Gledhill, the shareholders.