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REGISTERED NUMBER: SC732000 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

SHINE ENGINEERING LTD

SHINE ENGINEERING LTD (REGISTERED NUMBER: SC732000)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHINE ENGINEERING LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: D J J Shine





SECRETARY: Mrs L Shine





REGISTERED OFFICE: 20 East Lodge Drive
Stonehaven
AB39 3UB





REGISTERED NUMBER: SC732000 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

SHINE ENGINEERING LTD (REGISTERED NUMBER: SC732000)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,204 2,031

CURRENT ASSETS
Debtors 5 51,067 33,636
Cash at bank 238,411 18,805
289,478 52,441
CREDITORS
Amounts falling due within one year 6 106,693 38,649
NET CURRENT ASSETS 182,785 13,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,989

15,823

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 184,789 15,623
SHAREHOLDERS' FUNDS 184,989 15,823

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

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

The director acknowledges his 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.

SHINE ENGINEERING LTD (REGISTERED NUMBER: SC732000)

Balance Sheet - continued
31 MAY 2024


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 24 February 2025 and were signed by:





D J J Shine - Director


SHINE ENGINEERING LTD (REGISTERED NUMBER: SC732000)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Shine Engineering Ltd 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 - 25% on cost
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

SHINE ENGINEERING LTD (REGISTERED NUMBER: SC732000)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 531 2,437 2,968
Additions - 1,298 1,298
At 31 May 2024 531 3,735 4,266
DEPRECIATION
At 1 June 2023 133 804 937
Charge for year 133 992 1,125
At 31 May 2024 266 1,796 2,062
NET BOOK VALUE
At 31 May 2024 265 1,939 2,204
At 31 May 2023 398 1,633 2,031

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 51,067 33,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,340 2,061
Tax 84,771 19,746
Social security and other taxes 1,227 468
VAT 18,260 16,371
Directors' current accounts 95 3
106,693 38,649

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1 100 100
100 Ordinary B 1 100 100
200 200

SHINE ENGINEERING LTD (REGISTERED NUMBER: SC732000)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

8. RESERVES
Retained
earnings
£   

At 1 June 2023 15,623
Profit for the year 238,166
Dividends (69,000 )
At 31 May 2024 184,789