Company Registration No. SC415811 (Scotland)
Rainbow Apparel Ltd
Unaudited accounts
for the year ended 31 January 2025
Rainbow Apparel Ltd
Unaudited accounts
Contents
Rainbow Apparel Ltd
Company Information
for the year ended 31 January 2025
Company Number
SC415811 (Scotland)
Registered Office
Rainbow Apparel Ltd
Unit 5
67 Tradeston Street
Glasgow
Lanarkshire
G5 8BL
Scotland
Rainbow Apparel Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
8,935
10,671
Inventories
136,448
105,235
Cash at bank and in hand
26,087
34,711
Creditors: amounts falling due within one year
(144,523)
(120,054)
Net current assets
94,874
106,177
Total assets less current liabilities
103,809
116,848
Creditors: amounts falling due after more than one year
(59,354)
(76,956)
Called up share capital
100
100
Profit and loss account
44,355
39,792
Shareholders' funds
44,455
39,892
For the year ending 31 January 2025 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 30 October 2025 and were signed on its behalf by
Hamad Ahmad
Director
Company Registration No. SC415811
Rainbow Apparel Ltd
Notes to the Accounts
for the year ended 31 January 2025
Rainbow Apparel Ltd is a private company, limited by shares, registered in Scotland, registration number SC415811. The registered office is Rainbow Apparel Ltd, Unit 5, 67 Tradeston Street, Glasgow, Lanarkshire, G5 8BL, Scotland.
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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:
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Tangible fixed assets
Plant & machinery
Amounts falling due after more than one year
Trade debtors
30,760
38,975
Other debtors
46,102
47,310
Rainbow Apparel Ltd
Notes to the Accounts
for the year ended 31 January 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
72,209
22,807
Trade creditors
69,959
87,706
Taxes and social security
1,312
3,113
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Creditors: amounts falling due after more than one year
2025
2024
Other creditors
43,467
53,467
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Average number of employees
During the year the average number of employees was 4 (2024: 5).