Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08704609 2023-01-01 2023-12-31 08704609 2022-01-01 2022-12-31 08704609 2023-12-31 08704609 2022-12-31 08704609 c:Director1 2023-01-01 2023-12-31 08704609 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 08704609 d:Buildings d:LongLeaseholdAssets 2023-12-31 08704609 d:Buildings d:LongLeaseholdAssets 2022-12-31 08704609 d:PlantMachinery 2023-01-01 2023-12-31 08704609 d:PlantMachinery 2023-12-31 08704609 d:PlantMachinery 2022-12-31 08704609 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704609 d:FurnitureFittings 2023-01-01 2023-12-31 08704609 d:FurnitureFittings 2023-12-31 08704609 d:FurnitureFittings 2022-12-31 08704609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704609 d:ComputerEquipment 2023-01-01 2023-12-31 08704609 d:ComputerEquipment 2023-12-31 08704609 d:ComputerEquipment 2022-12-31 08704609 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704609 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08704609 d:OtherPropertyPlantEquipment 2023-12-31 08704609 d:OtherPropertyPlantEquipment 2022-12-31 08704609 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704609 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08704609 d:CurrentFinancialInstruments 2023-12-31 08704609 d:CurrentFinancialInstruments 2022-12-31 08704609 d:Non-currentFinancialInstruments 2023-12-31 08704609 d:Non-currentFinancialInstruments 2022-12-31 08704609 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08704609 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08704609 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08704609 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08704609 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 08704609 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 08704609 d:ShareCapital 2023-12-31 08704609 d:ShareCapital 2022-12-31 08704609 d:SharePremium 2023-12-31 08704609 d:SharePremium 2022-12-31 08704609 d:RetainedEarningsAccumulatedLosses 2023-12-31 08704609 d:RetainedEarningsAccumulatedLosses 2022-12-31 08704609 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08704609 c:OrdinaryShareClass1 2023-12-31 08704609 c:OrdinaryShareClass1 2022-12-31 08704609 c:OrdinaryShareClass2 2023-01-01 2023-12-31 08704609 c:OrdinaryShareClass2 2023-12-31 08704609 c:OrdinaryShareClass2 2022-12-31 08704609 c:OrdinaryShareClass3 2023-01-01 2023-12-31 08704609 c:OrdinaryShareClass3 2023-12-31 08704609 c:FRS102 2023-01-01 2023-12-31 08704609 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08704609 c:FullAccounts 2023-01-01 2023-12-31 08704609 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: 08704609







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


SHINE BID SERVICES LTD






































img483b.png                        

 


SHINE BID SERVICES LTD
REGISTERED NUMBER:08704609



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,945
18,717

  
43,945
18,717

Current assets
  

Debtors: amounts falling due within one year
 5 
234,829
378,801

Cash at bank and in hand
 6 
184,194
79,188

  
419,023
457,989

Creditors: amounts falling due within one year
 7 
(136,899)
(161,697)

Net current assets
  
 
 
282,124
 
 
296,292

Total assets less current liabilities
  
326,069
315,009

Creditors: amounts falling due after more than one year
 8 
-
(19,252)

Provisions for liabilities
  

Deferred tax
  
(10,527)
(3,556)

  
 
 
(10,527)
 
 
(3,556)

Net assets
  
315,542
292,201


Capital and reserves
  

Called up share capital 
 10 
1,250
1,000

Share premium account
  
3,750
-

Profit and loss account
  
310,542
291,201

  
315,542
292,201


Page 1

 


SHINE BID SERVICES LTD
REGISTERED NUMBER:08704609


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
S Pearce
Director

Date: 20 June 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


SHINE BID SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Shine Bid Services Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


SHINE BID SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


SHINE BID SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Leasehold improvements
-
10%
straight line
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance
Bid beat
-
3%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Fixtures and fittings
Computer equipment
Bid beat

£
£
£
£
£



Cost or valuation


At 1 January 2023
12,318
58,093
14,941
19,085
94,436


Additions
-
-
-
29,591
-



At 31 December 2023

12,318
58,093
14,941
48,676
94,436



Depreciation


At 1 January 2023
10,147
52,298
12,778
15,241
89,692


Charge for the year on owned assets
1,232
1,449
573
961
148



At 31 December 2023

11,379
53,747
13,351
16,202
89,840



Net book value
Page 5

 


SHINE BID SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           4.Tangible fixed assets (continued)




At 31 December 2023
939
4,346
1,590
32,474
4,596



At 31 December 2022
2,171
5,795
2,163
3,844
4,744

Total

£



Cost or valuation


At 1 January 2023
198,873


Additions
29,591



At 31 December 2023

228,464



Depreciation


At 1 January 2023
180,156


Charge for the year on owned assets
4,363



At 31 December 2023

184,519



Net book value



At 31 December 2023
43,945



At 31 December 2022
18,717


5.


Debtors

2023
2022
£
£


Trade debtors
79,529
82,471

Amounts owed by connected undertakings
127,065
196,171

Prepayments and accrued income
11,120
83,044

Tax recoverable
17,115
17,115

234,829
378,801


Page 6

 


SHINE BID SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
184,194
79,188

184,194
79,188



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
18,182

Trade creditors
12,015
4,300

Corporation tax
92,246
103,024

Other taxation and social security
10,103
9,874

Other creditors
2,435
21,817

Accruals and deferred income
20,100
4,500

136,899
161,697



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
19,252

-
19,252


Page 7

 


SHINE BID SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
18,182


-
18,182


Amounts falling due 2-5 years

Bank loans
-
19,252


-
19,252


-
37,434



10.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



50,000 (2022 - 50,000) Ordinary A shares of £0.01 each
500
500
50,000 (2022 - 50,000) Ordinary B shares of £0.01 each
500
500
25,000 Ordinary C shares of £0.01 each
250
-

1,250

1,000


During the year the company issued 25,000 Ordinary C £0.01 shares, which rank pari passu in all respects. All 25,000 shares were issued at a premium of £0.15 per share. 


11.


Related party transactions

During the year, transactions of £69,106 reduced (2022: £15,274 increased) the amount owed by a connected undertaking to the company.

 
Page 8