SHINE DEVELOPMENT CONCEPT CIC

Company limited by guarantee

Company Registration Number:
08293630 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

SHINE DEVELOPMENT CONCEPT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SHINE DEVELOPMENT CONCEPT CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

MRS O A OGUNBUYIDE
AYODELE ADEEYO
TIMOTHY ADELEGAN
OLUKAYODE AJAYI
OLUWASEUN OGUNBUYIDE


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 May 2023

And signed on behalf of the board by:
Name: MRS O A OGUNBUYIDE
Status: Director

SHINE DEVELOPMENT CONCEPT CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 354 442
Total fixed assets: 354 442
Current assets
Cash at bank and in hand: 6,369 6,125
Total current assets: 6,369 6,125
Net current assets (liabilities): 6,369 6,125
Total assets less current liabilities: 6,723 6,567
Creditors: amounts falling due after more than one year: 4 ( 120 )
Total net assets (liabilities): 6,603 6,567
Members' funds
Profit and loss account: 6,603 6,567
Total members' funds: 6,603 6,567

The notes form part of these financial statements

SHINE DEVELOPMENT CONCEPT CIC

Balance sheet statements

For the year ending 31 March 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 May 2023
and signed on behalf of the board by:

Name: MRS O A OGUNBUYIDE
Status: Director

The notes form part of these financial statements

SHINE DEVELOPMENT CONCEPT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SHINE DEVELOPMENT CONCEPT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 10 10

SHINE DEVELOPMENT CONCEPT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 1,326 1,326
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 1,326 1,326
Depreciation
At 1 April 2022 884 884
Charge for year 88 88
On disposals
Other adjustments
At 31 March 2023 972 972
Net book value
At 31 March 2023 354 354
At 31 March 2022 442 442

SHINE DEVELOPMENT CONCEPT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due after more than one year note

2023
£
Other creditors 120
Total 120

COMMUNITY INTEREST ANNUAL REPORT

SHINE DEVELOPMENT CONCEPT CIC

Company Number: 08293630 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

The company has all through the year supported the local community in Northampton. We now have an office that we use as a distribution point for food to the community working with other governmental organisations to support people going through hard times. We have also supplied hot food to homeless people in our community.We also support individuals who have just recently migrated into the UK, helping them to adjust to the cultural changes and integrate well into the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 May 2023

And signed on behalf of the board by:
Name: MRS O A OGUNBUYIDE
Status: Director