Rainbow Skips and Recycling Limited

Registered number

08508435

Filleted Accounts

30 September 2025

Rainbow Skips and Recycling Limited
Registered number:		08508435
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		375,899			271,673

Current assets
Debtors	4	23,409			9,046
Cash at bank and in hand		1,850			1,814
		25,259			10,860

Creditors: amounts falling due within one year	5	(140,618)			(160,024)

Net current liabilities			(115,359)			(149,164)

Total assets less current liabilities			260,540			122,509

Creditors: amounts falling due after more than one year	6		(234,708)			(73,036)

Provisions for liabilities			(28,408)			(36,074)


Net (liabilities)/assets			(2,576)			13,399

Capital and reserves
Called up share capital			2			2
Profit and loss account			(2,578)			13,397

Shareholders' funds			(2,576)			13,399

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.




Mrs A Holloway
Director
Approved by the board on 30 June 2026

Rainbow Skips and Recycling Limited
Notes to the Accounts
for the year ended 30 September 2025


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.

	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:

	Motor vehicles			25% reducing balance
	Plant and machinery, tools and equipment			15% reducing balance
	Office equipment			15% reducing balance

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					14		14


3	Tangible fixed assets
		Office equipment		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2024	7,065		460,801		90,946		558,812
	Additions	-		177,000		-		177,000
	Disposals	-		-		(37,950)		(37,950)
	At 30 September 2025	7,065		637,801		52,996		697,862

	Depreciation
	At 1 October 2024	3,966		225,864		57,309		287,139
	Charge for the year	452		61,803		7,706		69,961
	On disposals	-		-		(35,137)		(35,137)
	At 30 September 2025	4,418		287,667		29,878		321,963

	Net book value
	At 30 September 2025	2,647		350,134		23,118		375,899
	At 30 September 2024	3,099		234,937		33,637		271,673


4	Debtors					2025		2024
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					7,620		7,865
	Other debtors					15,789		1,181
						23,409		9,046


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					36,576		31,124
	Obligations under finance lease and hire purchase contracts					72,570		81,059
	Trade creditors					22,334		18,167
	Directors loan account					4,469		17,980
	Taxation and social security costs					-		7,392
	Other creditors					4,669		4,302
						140,618		160,024


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					13,818		35,666
	Obligations under finance lease and hire purchase contracts					220,890		37,370
						234,708		73,036


7	Related party transactions

	Payments of £46,411 net of vat were made to Rainbow Vehicle Rentals Ltd for vehicle hire. These were deemed to be at market value.


8	Other information

	Rainbow Skips and Recycling Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1-2 Lummaton Quarry
	Happaway Road
	Torquay
	Devon
	TQ2 8ES