RAINBOW OFFICE DESIGN LIMITED - Limited company accounts 11.4

RAINBOW OFFICE DESIGN LIMITED - Limited company accounts 11.4

RAINBOW OFFICE DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 04090465 (England and Wales)















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

RAINBOW OFFICE DESIGN LIMITED

RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2013










Page

Company Information 1

Report of the Director 2

Profit and Loss Account 3

Balance Sheet 4

Notes to the Financial Statements 6


RAINBOW OFFICE DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31st December 2013







DIRECTOR: Mr Anthony Antoniou





SECRETARY: Mrs Andrea Antoniou





REGISTERED OFFICE: Argyle Court
105 Seven Sisters Road
London
London
N7 7QP





REGISTERED NUMBER: 04090465 (England and Wales)





ACCOUNTANTS: C. Charles & Co Limited
Chartered Certified Accountants
Argyle Court
105 Seven Sisters Road
London
London
N7 7QP
Page 1
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31st December 2013


The director presents his report with the financial statements of the company for the year ended
31st December 2013.

DIRECTOR
Mr Anthony Antoniou held office during the whole of the period from 1st January 2013 to the date of this
report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Anthony Antoniou - Director


26th September 2014

Page 2
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31st December 2013

2013 2012
Notes £    £    £    £   

TURNOVER 2,356,179 1,761,043

Cost of sales 1,928,506 1,440,339
GROSS PROFIT 427,673 320,704

Distribution costs 1,375 700
Administrative expenses 197,079 154,114
198,454 154,814
OPERATING PROFIT 2 229,219 165,890

Profit/loss on sale of invest 13,462 -
215,757 165,890

Interest receivable and similar income 18,142 341
233,899 166,231

Interest payable and similar charges 860 19,294
PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION
233,039
146,937

Tax on profit on ordinary activities 3 52,001 27,740
PROFIT FOR THE FINANCIAL
YEAR
181,038
119,197

The notes form part of these financial statements

Page 3
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

BALANCE SHEET
31st December 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 34,000 37,400
Tangible assets 6 22,678 22,383
Investments 7 150,319 367,297
206,997 427,080

CURRENT ASSETS
Debtors 8 470,608 392,244
Cash at bank and in hand 758,360 632,805
1,228,968 1,025,049
CREDITORS
Amounts falling due within one year 9 432,166 343,665
NET CURRENT ASSETS 796,802 681,384
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,003,799
1,108,464

CREDITORS
Amounts falling due after more than one
year
10
10,737
248,440
NET ASSETS 993,062 860,024

The notes form part of these financial statements

Page 4 continued...
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

BALANCE SHEET - continued
31st December 2013

2013 2012
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and loss account 12 992,962 859,924
SHAREHOLDERS' FUNDS 993,062 860,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


The financial statements were approved by the director on 26th September 2014 and were signed by:





Mr Anthony Antoniou - Director


The notes form part of these financial statements

Page 5
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2013


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Plant and machinery etc - 15% on reducing balance

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

2. OPERATING PROFIT

The operating profit is stated after charging:

2013 2012
£    £   
Depreciation - owned assets 4,002 3,950
Goodwill amortisation 3,400 3,400

Director's remuneration and other benefits etc 12,900 12,900

3. TAXATION

Analysis of the tax charge
The tax charge on the profit on ordinary activities for the year was as follows:
2013 2012
£    £   
Current tax:
UK corporation tax 52,001 27,740
Tax on profit on ordinary activities 52,001 27,740

Page 6 continued...
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31st December 2013


4. DIVIDENDS
2013 2012
£    £   
Interim 48,000 47,500

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2013
and 31st December 2013 68,000
AMORTISATION
At 1st January 2013 30,600
Charge for year 3,400
At 31st December 2013 34,000
NET BOOK VALUE
At 31st December 2013 34,000
At 31st December 2012 37,400

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2013 42,185
Additions 4,297
At 31st December 2013 46,482
DEPRECIATION
At 1st January 2013 19,802
Charge for year 4,002
At 31st December 2013 23,804
NET BOOK VALUE
At 31st December 2013 22,678
At 31st December 2012 22,383

Page 7 continued...
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31st December 2013


7. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST
At 1st January 2013 90,050 277,247 367,297
Additions 15,022 - 15,022
Disposals - (232,000 ) (232,000 )
At 31st December 2013 105,072 45,247 150,319
NET BOOK VALUE
At 31st December 2013 105,072 45,247 150,319
At 31st December 2012 90,050 277,247 367,297

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2013 2012
£    £   
Trade debtors 231,507 146,331
Amounts owed by participating interests 228,263 220,353
Other debtors 10,838 25,560
470,608 392,244

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2013 2012
£    £   
Bank loans and overdrafts 2,353 65,663
Trade creditors 227,312 129,841
Taxation and social security 71,437 30,430
Other creditors 131,064 117,731
432,166 343,665

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2013 2012
£    £   
Other creditors 10,737 248,440

Page 8 continued...
RAINBOW OFFICE DESIGN LIMITED (REGISTERED NUMBER: 04090465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31st December 2013


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2013 2012
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 10,737 248,440

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Profit
and loss
account
£   

At 1st January 2013 859,924
Profit for the year 181,038
Dividends (48,000 )
At 31st December 2013 992,962


Page 9