REGISTERED NUMBER: SC257693 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

RAINBOW GLASS (WEST) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M A B Malcolm

S J Malcolm

C M Chesney (Ret'd 2026)

SECRETARY:

REGISTERED OFFICE:

14 Shaw Road

Prestwick

Ayrshire

KA9 2LN

REGISTERED NUMBER:

SC257693 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

FIXED ASSETS

Tangible assets

4

197,737

196,261

CURRENT ASSETS

Stocks

5,550

4,850

Debtors

5

132,364

202,607

Cash at bank

6,258

37,854

144,172

245,311

CREDITORS

Amounts falling due within one year

6

66,687

76,679

NET CURRENT ASSETS

77,485

168,632

TOTAL ASSETS LESS CURRENT LIABILITIES

275,222

364,893

CREDITORS

Amounts falling due after more than one year

7

(10,346

)

(5,590

)

PROVISIONS FOR LIABILITIES

(61,047

)

(98,010

)

ACCRUALS AND DEFERRED INCOME

(43,431

)

(44,658

)

NET ASSETS

160,398

216,635

CAPITAL AND RESERVES

Called up share capital

8

5,000

5,000

Retained earnings

9

155,398

211,635

SHAREHOLDERS' FUNDS

160,398

216,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by:

Mrs M A B Malcolm - Director

1.	STATUTORY INFORMATION

Rainbow Glass (West) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2024

220,737

31,518

5,466

Additions

-

575

-

At 30 November 2025

220,737

32,093

5,466

DEPRECIATION

At 1 December 2024

55,471

30,817

5,337

Charge for year

4,414

329

32

At 30 November 2025

59,885

31,146

5,369

NET BOOK VALUE

At 30 November 2025

160,852

947

97

At 30 November 2024

165,266

701

129

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

90,811

10,061

358,593

Additions

14,499

3,123

18,197

At 30 November 2025

105,310

13,184

376,790

DEPRECIATION

At 1 December 2024

61,944

8,763

162,332

Charge for year

10,841

1,105

16,721

At 30 November 2025

72,785

9,868

179,053

NET BOOK VALUE

At 30 November 2025

32,525

3,316

197,737

At 30 November 2024

28,867

1,298

196,261

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

91,535

112,141

Amounts falling due after more than one year:

Retentions

40,829

90,466

Aggregate amounts

132,364

202,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,500

10,000

Hire purchase contracts

2,759

5,790

Trade creditors

23,006

21,207

Tax

11,838

24,474

Social security and other taxes

6,357

2,311

VAT

16,837

11,434

Pension accrual

367

319

Directors' current accounts

23

1,144

66,687

76,679

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

5,590

Hire purchase contracts

10,346

-

10,346

5,590

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

1

5,000

5,000

9.

RESERVES

Retained

earnings

£

At 1 December 2024

211,635

Profit for the year

15,763

Dividends

(72,000

)

At 30 November 2025

155,398