Rainbow Coatings Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06776414 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Rainbow Coatings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P D Long

J Long

REGISTERED OFFICE:

45 Kensington Road

Southport

Merseyside

PR9 0RT

REGISTERED NUMBER:

06776414 (England and Wales)

ACCOUNTANTS:

Kirkwood Wilson Limited

45 Kensington Road

Southport

Merseyside

PR9 0RT

FIXED ASSETS

Intangible assets

2

4,750

5,700

Tangible assets

3

2,933

3,912

7,683

9,612

CURRENT ASSETS

Debtors

47,955

64,531

Cash at bank and in hand

60,504

29,110

108,459

93,641

CREDITORS

Amounts falling due within one year

71,051

69,286

NET CURRENT ASSETS

37,408

24,355

TOTAL ASSETS LESS CURRENT LIABILITIES

45,091

33,967

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

44,991

33,867

SHAREHOLDERS' FUNDS

45,091

33,967

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed on its behalf by:

J Long - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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

-

25% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

9,500

AMORTISATION

At 1 January 2013

3,800

Amortisation for year

950

At 31 December 2013

4,750

NET BOOK VALUE

At 31 December 2013

4,750

At 31 December 2012

5,700

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

12,373

DEPRECIATION

At 1 January 2013

8,461

Charge for year

979

At 31 December 2013

9,440

NET BOOK VALUE

At 31 December 2013

2,933

At 31 December 2012

3,912

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£1.00

100

100