RAINBOW TREE LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05331772 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2021

for

RAINBOW TREE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

J Frisby

Mrs K E Frisby

REGISTERED OFFICE:

10 Swan Yard

High Street

Whetstone

Leicester

Leicestershire

LE8 6LQ

REGISTERED NUMBER:

05331772 (England and Wales)

ACCOUNTANTS:

RT Accountancy Services Limited

3 Fernleigh Business Park

Blaby Road

Enderby

Leicester

Leicestershire

LE19 4AQ

FIXED ASSETS

Intangible assets

4

7,200

8,000

Tangible assets

5

5,076

2,745

12,276

10,745

CURRENT ASSETS

Stocks

230

600

Debtors

6

3,013

121

Cash at bank and in hand

13,513

2,929

16,756

3,650

CREDITORS

Amounts falling due within one year

7

(13,542

)

(12,531

)

NET CURRENT ASSETS/(LIABILITIES)

3,214

(8,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,490

1,864

PROVISIONS FOR LIABILITIES

(964

)

(149

)

NET ASSETS

14,526

1,715

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,524

1,713

SHAREHOLDERS' FUNDS

14,526

1,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2021 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 4 January 2022 and were signed on its behalf by:

Mrs K E Frisby - Director

1.	STATUTORY INFORMATION

RAINBOW TREE LIMITED is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures fittings and equipment

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2020

and 5 April 2021

16,000

AMORTISATION

At 6 April 2020

8,000

Charge for year

800

At 5 April 2021

8,800

NET BOOK VALUE

At 5 April 2021

7,200

At 5 April 2020

8,000

5.	TANGIBLE FIXED ASSETS

Fixtures

fittings

and

equipment

£

COST

At 6 April 2020

18,196

Additions

3,895

At 5 April 2021

22,091

DEPRECIATION

At 6 April 2020

15,451

Charge for year

1,564

At 5 April 2021

17,015

NET BOOK VALUE

At 5 April 2021

5,076

At 5 April 2020

2,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

42

Other debtors

3,013

79

3,013

121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

721

801

Other creditors

12,821

11,730

13,542

12,531

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 5 April 2021 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

RT Accountancy Services Limited

3 Fernleigh Business Park

Blaby Road

Enderby

Leicester

Leicestershire

LE19 4AQ

4 January 2022