Rainbow Elect & Security Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01299230 (England and Wales)

RAINBOW ELECTRICAL AND SECURITY SYSTEMS

LIMITED

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Directors:

Mr I E Edwards

Mr T York

Secretary:

Mrs C T Edwards

Registered office:

Artisans House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

Registered number:

01299230 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

2

38,127

39,481

CURRENT ASSETS

Stocks

2,960

2,875

Debtors

402,312

267,905

Cash at bank

82,006

102,954

487,278

373,734

CREDITORS

Amounts falling due within one year

312,880

238,859

NET CURRENT ASSETS

174,398

134,875

TOTAL ASSETS LESS CURRENT LIABILITIES

212,525

174,356

PROVISIONS FOR LIABILITIES

7,402

7,624

NET ASSETS

205,123

166,732

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

205,023

166,632

SHAREHOLDERS' FUNDS

205,123

166,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 May 2015 and were signed on its behalf by:

Mr I E Edwards - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Tools and equipment

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 April 2014

87,731

Additions

8,933

At 31 March 2015

96,664

Depreciation

At 1 April 2014

48,250

Charge for year

10,287

At 31 March 2015

58,537

Net book value

At 31 March 2015

38,127

At 31 March 2014

39,481

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100