IRIS Accounts Production v23.4.0.336 SC324605 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 37374 108249 105855 129612 82354 58737 13873 37374 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3246052022-05-31SC3246052023-05-31SC3246052022-06-012023-05-31SC3246052021-05-31SC3246052021-06-012022-05-31SC3246052022-05-31SC324605ns15:Scotland2022-06-012023-05-31SC324605ns14:PoundSterling2022-06-012023-05-31SC324605ns10:Director12022-06-012023-05-31SC324605ns10:PrivateLimitedCompanyLtd2022-06-012023-05-31SC324605ns10:SmallEntities2022-06-012023-05-31SC324605ns10:AuditExemptWithAccountantsReport2022-06-012023-05-31SC324605ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC324605ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-31SC324605ns10:FullAccounts2022-06-012023-05-31SC324605ns10:OrdinaryShareClass12022-06-012023-05-31SC32460542ns10:Director22022-05-31SC32460542ns10:Director22021-05-31SC32460542ns10:Director22022-06-012023-05-31SC32460542ns10:Director22021-06-012022-05-31SC32460542ns10:Director22023-05-31SC32460542ns10:Director22022-05-31SC324605ns10:Director22022-06-012023-05-31SC324605ns10:RegisteredOffice2022-06-012023-05-31SC324605ns5:CurrentFinancialInstruments2023-05-31SC324605ns5:CurrentFinancialInstruments2022-05-31SC324605ns5:ShareCapital2023-05-31SC324605ns5:ShareCapital2022-05-31SC324605ns5:RetainedEarningsAccumulatedLosses2023-05-31SC324605ns5:RetainedEarningsAccumulatedLosses2022-05-31SC324605ns5:FurnitureFittings2022-06-012023-05-31SC324605ns5:PlantMachinery2022-05-31SC324605ns5:FurnitureFittings2022-05-31SC324605ns5:MotorVehicles2022-05-31SC324605ns5:PlantMachinery2022-06-012023-05-31SC324605ns5:MotorVehicles2022-06-012023-05-31SC324605ns5:PlantMachinery2023-05-31SC324605ns5:FurnitureFittings2023-05-31SC324605ns5:MotorVehicles2023-05-31SC324605ns5:PlantMachinery2022-05-31SC324605ns5:FurnitureFittings2022-05-31SC324605ns5:MotorVehicles2022-05-31SC324605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31SC324605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31SC324605ns10:OrdinaryShareClass12023-05-31SC3246051ns10:Director12022-05-31SC3246051ns10:Director12021-05-31SC3246051ns10:Director12022-06-012023-05-31SC3246051ns10:Director12021-06-012022-05-31SC3246051ns10:Director12023-05-31SC3246051ns10:Director12022-05-31
REGISTERED NUMBER: SC324605 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Shinergise Partners Limited

Shinergise Partners Limited (Registered number: SC324605)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Shinergise Partners Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: H A Taylor
Mrs C J Taylor





REGISTERED OFFICE: Middleton Farm
Dollar
Clackmannanshire
FK14 7PQ





REGISTERED NUMBER: SC324605 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

Shinergise Partners Limited (Registered number: SC324605)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,008 22,256

CURRENT ASSETS
Debtors 5 271,897 341,548
Cash at bank 562,298 496,650
834,195 838,198
CREDITORS
Amounts falling due within one year 6 39,260 46,350
NET CURRENT ASSETS 794,935 791,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

817,943

814,104

PROVISIONS FOR LIABILITIES 6,246 5,564
NET ASSETS 811,697 808,540

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 801,697 798,540
SHAREHOLDERS' FUNDS 811,697 808,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:



H A Taylor - Director


Shinergise Partners Limited (Registered number: SC324605)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Shinergise Partners Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Shinergise Partners Limited (Registered number: SC324605)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 4,463 19,755 63,995 88,213
Additions - 8,384 - 8,384
At 31 May 2023 4,463 28,139 63,995 96,597
DEPRECIATION
At 1 June 2022 1,837 18,506 45,614 65,957
Charge for year 1,115 2,841 3,676 7,632
At 31 May 2023 2,952 21,347 49,290 73,589
NET BOOK VALUE
At 31 May 2023 1,511 6,792 14,705 23,008
At 31 May 2022 2,626 1,249 18,381 22,256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 257,087 53,945
Other debtors 549 -
Directors' loan accounts 13,873 37,374
Tax - 249,269
Prepayments and accrued income 388 960
271,897 341,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 32,155 34,429
Social security and other taxes 1,481 3,221
Accrued expenses 5,624 8,700
39,260 46,350

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

Shinergise Partners Limited (Registered number: SC324605)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
H A Taylor and Mrs C J Taylor
Balance outstanding at start of year (37,374 ) (108,249 )
Amounts advanced 105,855 129,612
Amounts repaid (82,354 ) (58,737 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,873 ) (37,374 )

9. ULTIMATE CONTROLLING PARTY

The two directors own 100% of the share capital of the company but no individual director has a controlling interest.


Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shinergise Partners Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shinergise Partners Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet, 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://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Shinergise Partners 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 Shinergise Partners Limited and state those matters that we have agreed to state to the Board of Directors of Shinergise Partners 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 Shinergise Partners 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 Shinergise Partners Limited. You consider that Shinergise Partners 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 Shinergise Partners 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.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


22 April 2024