Abbreviated Company Accounts - RAINBOW BLINDS (SOUTH WALES) LIMITED

RAINBOW BLINDS (SOUTH WALES) LIMITED - Company Information

Registered Number 07461049

RAINBOW BLINDS (SOUTH WALES) LIMITED

Abbreviated Accounts

31 October 2016

RAINBOW BLINDS (SOUTH WALES) LIMITED Registered Number 07461049

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,751	2,334
		1,751	2,334
Current assets
Stocks		20,000	25,000
Debtors		1,500	1,500
Cash at bank and in hand		35,005	5,037
		56,505	31,537
Creditors: amounts falling due within one year		(51,844)	(30,901)
Net current assets (liabilities)		4,661	636
Total assets less current liabilities		6,412	2,970
Total net assets (liabilities)		6,412	2,970
Capital and reserves
Called up share capital		10	10
Profit and loss account		6,402	2,960
Shareholders' funds		6,412	2,970

For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 June 2017

And signed on their behalf by:
D G Clarke, Director

RAINBOW BLINDS (SOUTH WALES) LIMITED Registered Number 07461049

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line

Other accounting policies
The company operates a directors account. The amount owed by the company to the director at the year end was £27,151.

2Tangible fixed assets

	£
Cost
At 1 November 2015	3,140
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	3,140
Depreciation
At 1 November 2015	806
Charge for the year	583
On disposals	-
At 31 October 2016	1,389
Net book values
At 31 October 2016	1,751
At 31 October 2015	2,334