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REGISTERED NUMBER: 04506501 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SHINE HOLISTIC LIMITED

SHINE HOLISTIC LIMITED (REGISTERED NUMBER: 04506501)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHINE HOLISTIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Ms C A Octigan





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 04506501 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

SHINE HOLISTIC LIMITED (REGISTERED NUMBER: 04506501)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 39,433 48,325

CURRENT ASSETS
Stocks 4 17,500 16,600
Debtors 5 49,074 40,342
Cash at bank and in hand 55,583 82,311
122,157 139,253
CREDITORS
Amounts falling due within one year 6 84,362 72,327
NET CURRENT ASSETS 37,795 66,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,228

115,251

CREDITORS
Amounts falling due after more than one
year

7

(16,725

)

(27,296

)

PROVISIONS FOR LIABILITIES (3,318 ) (4,313 )
NET ASSETS 57,185 83,642

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 57,179 83,636
SHAREHOLDERS' FUNDS 57,185 83,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 12 October 2024 and were signed by:





Ms C A Octigan - Director


SHINE HOLISTIC LIMITED (REGISTERED NUMBER: 04506501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over term of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or is 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

SHINE HOLISTIC LIMITED (REGISTERED NUMBER: 04506501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 245,278 13,141 49,098 12,423 319,940
DEPRECIATION
At 1 August 2023 207,034 11,187 42,448 10,946 271,615
Charge for year 6,501 489 1,329 573 8,892
At 31 July 2024 213,535 11,676 43,777 11,519 280,507
NET BOOK VALUE
At 31 July 2024 31,743 1,465 5,321 904 39,433
At 31 July 2023 38,244 1,954 6,650 1,477 48,325

4. STOCKS
2024 2023
£    £   
Stocks 17,500 16,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 31,000 25,000
Other debtors 14,718 3,472
Tax - 8,750
Prepayments 3,356 3,120
49,074 40,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,550 10,599
Trade creditors 8,942 5,000
Amounts owed to associates 1,538 163
Tax 493 1,089
Social security and other taxes 6,488 5,822
VAT 20,430 17,943
Other creditors 32,110 27,806
Directors' loan accounts 149 134
Accrued expenses 3,662 3,771
84,362 72,327

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,599
Bank loans - 2-5 years 6,725 16,697
16,725 27,296

SHINE HOLISTIC LIMITED (REGISTERED NUMBER: 04506501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,000 50,000
Between one and five years 31,250 81,250
81,250 131,250

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Ms C A Octigan increased her loan to the company. As at 31 July 2024, the company owed her £149, (2023: £134). This balance represented the maximum amount outstanding during the year.The loan is interest free and is repayable on demand.

10. RELATED PARTY DISCLOSURES

Shine On The Green Limited
As at 31 July 2024, the company owed Shine On The Green Limited £1,538 (2023: £163). The balance is interest free and repayable on demand.

Ms C A Octigan holds 50% of shares in Shine On The Green Limited and is a director.

Octigan Limited
As at 31 July 2024, Octigan Limited owed the company £31,000 (2023: £25,000). The balance is interest free and repayable on demand.

Ms C A Octigan holds 100% of shares in Octigan Limited and is a director.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C A Octigan.

This was by virtue of her 100% holding of the issued share capital.