The Rainwater Guy Limited
The Rainwater Guy Limited
Registered number: 08353143
Unaudited Financial Statements
For The Year Ended
31 January 2023
Brook & Co Accountants - Brackley
1 Market Place
Brackley
NN13 7AB
The Rainwater Guy Limited
Unaudited Financial Statements
For The Year Ended
31 January 2023
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—6 |
Page 1
The Rainwater Guy Limited
Balance Sheet
As At
31 January 2023
Balance Sheet
Registered number:
08353143
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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PROVISIONS FOR LIABILITIES | |||||
Provisions For Charges |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 38,607 | 34,539 | |||
Page 1
Page 2
The Rainwater Guy Limited
Balance Sheet (continued)
As At
31 January 2023
On behalf of the board
Director
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
The Rainwater Guy Limited
Notes to the Financial Statements
For The Year Ended
31 January 2023
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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Motor Vehicles |
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1.4.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under fianace leases are depreciated over their useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
The Rainwater Guy Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2023
1.7.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of deemed employees, including directors, during the year was as follows: 6 (2022: 6)
3.
Tangible Assets
Plant & Machinery | Motor Vehicles | Total | |
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£ | £ | £ | |
Cost | |||
As at
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Additions |
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As at
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Depreciation | |||
As at
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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4.
Stocks
2023 | 2022 | ||
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£ | £ | ||
Stocks |
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Page 4
Page 5
The Rainwater Guy Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2023
5.
Debtors
2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Corporation tax |
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Other taxes and social security |
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VAT |
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Other creditors |
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Accruals |
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Director's loan account |
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7.
Creditors: Amounts Falling Due After More Than One Year
2023 | 2022 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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8.
Obligations Under Finance Leases and Hire Purchase
2023 | 2022 | ||
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£ | £ | ||
The maturity of these amounts is as follows: | |||
Within one year |
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Between one and five years |
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Page 5
Page 6
The Rainwater Guy Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2023
9.
Share Capital
2023 | 2022 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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10.
Dividends
2023 | 2022 | ||
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£ | £ | ||
On equity shares: | |||
Final dividend paid |
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34,000 | 38,000 | ||
11.
General Information
The Rainwater Guy Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
08353143
. The registered office is Postbox Cottage Williamscot, Banbury, Oxfordshire, OX17 1AB.
Page 6