RainbowGiles Limited - Limited company - abbreviated - 11.6

RainbowGiles Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07818151 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

RAINBOWGILES LIMITED

RAINBOWGILES LIMITED (REGISTERED NUMBER: 07818151)






CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Certified Accountants' Report 5

RAINBOWGILES LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2014







DIRECTORS: Mrs R M Parker
A M Tutt





SECRETARY: N Belton FCCA MA (Hons)





REGISTERED OFFICE: The Old Market House
72 High Street
Steyning
West Sussex
BN44 3RD





REGISTERED NUMBER: 07818151 (England and Wales)





ACCOUNTANTS: Beltons Public Accountants Ltd
The Old Market House
72 High Street
Steyning
West Sussex
BN44 3RD

RAINBOWGILES LIMITED (REGISTERED NUMBER: 07818151)

ABBREVIATED BALANCE SHEET
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,226 1,703

CURRENT ASSETS
Debtors 189,614 176,014
Cash at bank 22,941 6,397
212,555 182,411
CREDITORS
Amounts falling due within one year 132,238 121,004
NET CURRENT ASSETS 80,317 61,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,543

63,110

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 81,542 63,109
SHAREHOLDERS' FUNDS 81,543 63,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

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




Mrs R M Parker - Director


RAINBOWGILES LIMITED (REGISTERED NUMBER: 07818151)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 31 March 2014

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 services, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

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 - 33% on cost and 25% on reducing balance

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 2,305
DEPRECIATION
At 1 April 2013 602
Charge for year 477
At 31 March 2014 1,079
NET BOOK VALUE
At 31 March 2014 1,226
At 31 March 2013 1,703

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

RAINBOWGILES LIMITED (REGISTERED NUMBER: 07818151)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 March 2014

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2014 and the period
ended 31 March 2013:

2014 2013
£    £   
Mrs R M Parker
Balance outstanding at start of year 38,706 24,663
Amounts advanced 71,005 128,070
Amounts repaid (163,117 ) (114,027 )
Balance outstanding at end of year (53,406 ) 38,706

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RAINBOWGILES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of RainbowGiles Limited for the year ended 31 March 2014 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and
other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of RainbowGiles Limited, as a body, in accordance with our terms of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of
RainbowGiles Limited and state those matters that we have agreed to state to the Board of Directors of RainbowGiles
Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified
Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or
for this report.

It is your duty to ensure that RainbowGiles Limited has kept adequate accounting records and to prepare statutory
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RainbowGiles
Limited. You consider that RainbowGiles Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RainbowGiles Limited. For
this reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Beltons Public Accountants Ltd
The Old Market House
72 High Street
Steyning
West Sussex
BN44 3RD


30 December 2014