Abbreviated Company Accounts - J S RAINBOW LIMITED

Abbreviated Company Accounts - J S RAINBOW LIMITED

J S RAINBOW LIMITED - Company Information

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Registered Number 07403649

J S RAINBOW LIMITED

Abbreviated Accounts

31 March 2014

J S RAINBOW LIMITED Registered Number 07403649

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 410,436 411,269
410,436 411,269
Current assets
Stocks 285 785
Debtors 2,100 2,100
Cash at bank and in hand 10,894 4,482
13,279 7,367
Creditors: amounts falling due within one year (23,926) (19,677)
Net current assets (liabilities) (10,647) (12,310)
Total assets less current liabilities 399,789 398,959
Creditors: amounts falling due after more than one year (403,749) (403,749)
Total net assets (liabilities) (3,960) (4,790)
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,961) (4,791)
Shareholders' funds (3,960) (4,790)
  • For the year ending 31 March 2014 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 29 December 2014

And signed on their behalf by:
J SHI, Director

J S RAINBOW LIMITED Registered Number 07403649

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Land & Buildings 0%
Plant and machinery 20% straight line
Fixtures & Fittings 10% straight line

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets
£
Cost
At 1 April 2013 412,303
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 412,303
Depreciation
At 1 April 2013 1,034
Charge for the year 833
On disposals -
At 31 March 2014 1,867
Net book values
At 31 March 2014 410,436
At 31 March 2013 411,269