RAINBOW_RECRUIT_LIMITED - Accounts

RAINBOW RECRUIT LIMITED - Company Information

Print Friendly Version

Company Registration No. 07715866 (England and Wales)

RAINBOW RECRUIT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

RAINBOW RECRUIT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RAINBOW RECRUIT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

719

578

Current assets

Debtors

3,677

6,823

Cash at bank and in hand

4,415

13,057

8,092

19,880

Creditors: amounts falling due within one year

(6,439)

(17,456)

Net current assets

1,653

2,424

Total assets less current liabilities

2,372

3,002

Provisions for liabilities

(144)

(116)

2,228

2,886

Capital and reserves

Called up share capital

100

Profit and loss account

2,128

2,786

Shareholders' funds

2,228

2,886

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 December 2016

Mrs N. K. Linehan

Director

Company Registration No. 07715866

RAINBOW RECRUIT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for recruitment services provided net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% on cost

Fixtures and fittings

25% on reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 August 2015

4,932

Additions

515

At 31 July 2016

5,447

Depreciation

At 1 August 2015

4,354

Charge for the year

374

At 31 July 2016

4,728

Net book value

At 31 July 2016

719

At 31 July 2015

578

RAINBOW RECRUIT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100