Rainbow Fixings Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08678996 (England and Wales)

RAINBOW FIXINGS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G P Bothamley

J Collin

REGISTERED OFFICE:

Commerce House

18 West Street

Bourne

Lincolnshire

PE10 9NE

REGISTERED NUMBER:

08678996 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Commerce House

18 West Street

Bourne

Lincolnshire

PE10 9NE

FIXED ASSETS

Tangible assets

2

59

79

CURRENT ASSETS

Stocks

7,338

6,679

Debtors

150

293

Cash at bank and in hand

995

897

8,483

7,869

CREDITORS

Amounts falling due within one year

8,501

7,769

NET CURRENT (LIABILITIES)/ASSETS

(18

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

41

179

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(59

)

79

SHAREHOLDERS' FUNDS

41

179

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 22 June 2017 and were signed on its behalf by:

G P Bothamley - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

141

DEPRECIATION

At 1 October 2015

62

Charge for year

20

At 30 September 2016

82

NET BOOK VALUE

At 30 September 2016

59

At 30 September 2015

79

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

90

'A' Ordinary

1

90

90

10

'B' Ordinary

1

10

10

100

100

4.	GOING CONCERN

The financial statements have been prepared on the going concern basis as the directors continue to give their

full financial support.