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Private Limited Company
05606985
2014-11-30
05606985
2013-12-01
2014-11-30
05606985
2013-11-30
05606985
2012-12-01
2013-11-30
05606985
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uk-gaap:PlantMachinery
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| Rainbow Training and Development Academy Ltd |
For the year ended 30 November 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05606985
2
Rainbow Training and Development Academy Ltd
For the year ended 30 November 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Rainbow Training and Development Academy Ltd
2014
2013
2
420
594
420
594
1,800
1,695
3,795
2,290
4,622
1,132
8,607
6,727
| Creditors: amounts falling due within one year |
(16,228)
(26,994)
(9,501)
(18,387)
Net current liabilities
| Total assets less current liabilities |
(17,967)
(8,907)
| Creditors: amounts falling due after more than one year |
3
(8,770)
(3,005)
(20,972)
Net liabilities
(17,677)
2
4
2
(20,974)
(17,679)
(20,972)
(17,677)
Shareholders funds
| For the year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| The accounts have been prepared in accordance with the micro-entity provisions. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 09 June 2015 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
Rainbow Training and Development Academy Ltd
For the year ended 30 November 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Equipment
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
2 of 3
5
| Notes to the Abbreviated Financial Statements |
Rainbow Training and Development Academy Ltd
For the year ended 30 November 2014
3,074
3,074
2,480
174
Charge for year
2,654
420
594
2013
2014
| 3 Creditors due after more than one year |
3,005
8,770
| Bank and other loans are repayable by monthly instalments of £252 and £150. The aggregate total of the loans is |
| £7204. The amount due between one and five years is £3005.. |
| Allotted called up and fully paid |
2014
2013
| 2 Ordinary shares of £1.00 each |
2
2
2
2
3 of 3
