1 January 2023 false No description of principal activity Taxfiler 2024.5 true 09714511business:PrivateLimitedCompanyLtd2023-01-012023-12-31 097145112022-12-31 097145112023-01-012023-12-31 09714511business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 09714511business:FilletedAccounts2023-01-012023-12-31 097145112023-12-31 09714511business:Director12023-01-012023-12-31 09714511business:RegisteredOffice2023-01-012023-12-31 097145112022-12-31 09714511core:WithinOneYear2023-12-31 09714511core:WithinOneYear2022-12-31 09714511core:AfterOneYear2023-12-31 09714511core:AfterOneYear2022-12-31 09714511core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 09714511core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 09714511core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09714511core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 09714511core:PreviouslyStatedAmount2023-12-31 09714511core:PreviouslyStatedAmount2022-12-31 09714511business:SmallEntities2023-01-012023-12-31 09714511countries:EnglandWales2023-01-012023-12-31 09714511core:FurnitureFittings2023-01-012023-12-31 09714511core:ComputerEquipment2023-01-012023-12-31 09714511core:FurnitureFittings2022-12-31 09714511core:ComputerEquipment2022-12-31 09714511core:FurnitureFittings2023-12-31 09714511core:ComputerEquipment2023-12-31 097145112022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09714511 (England and Wales)
Shine Creative Solutions Limited Unaudited accounts for the year ended 31 December 2023
Shine Creative Solutions Limited Unaudited accounts Contents
Page
- 2 -
Shine Creative Solutions Limited Company Information for the year ended 31 December 2023
Director
Rebecca Slater
Company Number
09714511 (England and Wales)
Registered Office
357C ARCHWAY ROAD LONDON MIDDLESEX N6 4EJ United Kingdom
Accountants
Cool Beans Bookkeeping Ltd 86-90 Paul Street London EC2A 4NE
- 3 -
Shine Creative Solutions Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,253 
8,198 
Current assets
Debtors
97,510 
87,290 
Cash at bank and in hand
(33,322)
(26,090)
64,188 
61,200 
Creditors: amounts falling due within one year
(169,410)
(147,542)
Net current liabilities
(105,222)
(86,342)
Total assets less current liabilities
(95,969)
(78,144)
Creditors: amounts falling due after more than one year
(42,935)
(133,240)
Provisions for liabilities
Other provisions
(9,941)
(9,130)
Net liabilities
(148,845)
(220,514)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(148,945)
(220,614)
Shareholders' funds
(148,845)
(220,514)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2024 and were signed on its behalf by
Rebecca Slater Director Company Registration No. 09714511
- 4 -
Shine Creative Solutions Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Shine Creative Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09714511. The registered office is 357C ARCHWAY ROAD, LONDON, MIDDLESEX, N6 4EJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis on the assumption that the company's directors, suppliers and other creditors will continue to provide the necessary support to enable the company to trade for the foreseeable future. The company management information predict that the company will be in profit again for the year to 31 December 2024.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing Balance 15%
Computer equipment
Straight Line 33.33%
- 5 -
Shine Creative Solutions Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
6,157 
3,046 
9,203 
Additions
988 
2,496 
3,484 
At 31 December 2023
7,145 
5,542 
12,687 
Depreciation
At 1 January 2023
435 
570 
1,005 
Charge for the year
933 
1,496 
2,429 
At 31 December 2023
1,368 
2,066 
3,434 
Net book value
At 31 December 2023
5,777 
3,476 
9,253 
At 31 December 2022
5,722 
2,476 
8,198 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
90,510 
74,304 
Accrued income and prepayments
250 
609 
Other debtors
6,750 
12,377 
97,510 
87,290 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
37,500 
50,000 
VAT
14,364 
9,073 
Trade creditors
61,943 
52,403 
Taxes and social security
3,125 
5,967 
Other creditors
- 
36 
Accruals
52,478 
30,063 
169,410 
147,542 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
37,500 
Loans from directors
42,935 
95,740 
42,935 
133,240 
8
Average number of employees
During the year the average number of employees was 4 (2022: 5).
- 6 -