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Registered Number: 08663612
England and Wales

 

 

 

SHINETECH SOLUTIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Report to the directors on the preparation of the unaudited statutory accounts of SHINETECH SOLUTIONS LIMITED for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHINETECH SOLUTIONS LIMITED for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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 SHINETECH SOLUTIONS LIMITED, as a body, in accordance with the terms of our engagement letter dated 21 February 2024 Our work has been undertaken solely to prepare for your approval the accounts of SHINETECH SOLUTIONS LIMITED and state those matters that we have agreed to state to the Board of Directors of SHINETECH SOLUTIONS 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 SHINETECH SOLUTIONS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SHINETECH SOLUTIONS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SHINETECH SOLUTIONS LIMITED. You consider that SHINETECH SOLUTIONS 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 accounts of SHINETECH SOLUTIONS 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 accounts
31 May 2023



....................................................
JK ACCOUNTANTS (UK) LTD
10 Woodbine Place
Wanstead
London
E11 2RH
21 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 17,499    21,617 
17,499    21,617 
Current assets      
Debtors: amounts falling due within one year 600    600 
Cash at bank and in hand 734    248 
1,334    848 
Creditors: amount falling due within one year (443)   (51)
Net current assets 891    797 
 
Total assets less current liabilities 18,390    22,414 
Creditors: amount falling due after more than one year (169,015)   (184,395)
Net liabilities (150,625)   (161,981)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (150,626)   (161,982)
Shareholder's funds (150,625)   (161,981)
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 21 February 2024 and were signed by:


-------------------------------
Mudunkotuwe Gedara Viranga GOONATHILAKE
Director
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General Information
SHINETECH SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08663612, registration address 4 Alfells Road,, Elmstead,, Colchester., England, CO7 7EH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 June 2022 71,174    7,673    5,764    84,611 
Additions      
Disposals      
At 31 May 2023 71,174    7,673    5,764    84,611 
Depreciation
At 01 June 2022 53,856    5,081    4,057    62,994 
Charge for year 3,473    389    256    4,118 
On disposals      
At 31 May 2023 57,329    5,470    4,313    67,112 
Net book values
Closing balance as at 31 May 2023 13,845    2,203    1,451    17,499 
Opening balance as at 01 June 2022 17,318    2,592    1,707    21,617 


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