Rainmaker Sales Solutions Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 06551032 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2016

for

Rainmaker Sales Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

F W Flanagan

REGISTERED OFFICE:

Southgate House

59 Magdalen Street

Exeter

Devon

EX2 4HY

REGISTERED NUMBER:

06551032 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

Southgate House

59 Magdalen Street

Exeter

Devon

EX2 4HY

FIXED ASSETS

Tangible assets

4

8,050

9,611

CURRENT ASSETS

Debtors

5

432,523

474,111

Cash at bank

79,993

50,360

512,516

524,471

CREDITORS

Amounts falling due within one year

6

149,058

130,264

NET CURRENT ASSETS

363,458

394,207

TOTAL ASSETS LESS CURRENT LIABILITIES

371,508

403,818

PROVISIONS FOR LIABILITIES

1,610

1,922

NET ASSETS

369,898

401,896

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

369,896

401,894

SHAREHOLDERS' FUNDS

369,898

401,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 January 2017 and were signed by:

F W Flanagan - Director

1.	STATUTORY INFORMATION

Rainmaker Sales Solutions 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director has assessed the going concern and considers that there are no material uncertainties which may

cast significant doubt about the company's ability to continue. As a result, the financial statements have been

prepared using the going concern basis of accounting.

Turnover

Turnover represents the amount derived from ordinary activities, and stated after trade discounts, other sales

taxes and net of value added tax.

Tangible fixed assets

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

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2015

18,179

Additions

1,122

At 30 April 2016

19,301

DEPRECIATION

At 1 May 2015

8,568

Charge for year

2,683

At 30 April 2016

11,251

NET BOOK VALUE

At 30 April 2016

8,050

At 30 April 2015

9,611

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Trade debtors

24,869

153,478

Other debtors

13,915

27,915

Directors' loan accounts

304,134

239,686

Tax

79,584

52,670

Prepayments

10,021

362

432,523

474,111

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.16

30.4.15

£

£

Trade creditors

4,244

8,187

Corporation Tax

100,260

74,808

Social security and other taxes

16,820

(49

)

VAT

22,734

46,752

Accrued expenses

-

566

Prepaid income

5,000

-

149,058

130,264

7.

RESERVES

Retained

earnings

£

At 1 May 2015

401,894

Profit for the year

50,754

Dividends

(82,752

)

At 30 April 2016

369,896

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

30.4.16

30.4.15

£

£

F W Flanagan

Balance outstanding at start of year

239,685

201,400

Amounts advanced

143,773

67,293

Amounts repaid

(79,324

)

(29,008

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

304,134

239,685

A interest rate of 3% has been applied to the loan and the loan is repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £82,752 (2015 - £77,675) were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F W Flanagan.