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REGISTERED NUMBER: 06665279 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SHINE ON THE GREEN LIMITED

SHINE ON THE GREEN LIMITED (REGISTERED NUMBER: 06665279)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHINE ON THE GREEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A Conforti
Ms C A Octigan





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 06665279 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

SHINE ON THE GREEN LIMITED (REGISTERED NUMBER: 06665279)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 93,603 108,529

CURRENT ASSETS
Stocks 4 16,600 16,600
Debtors 5 22,782 6,953
Cash at bank and in hand 29,399 91,122
68,781 114,675
CREDITORS
Amounts falling due within one year 6 163,046 173,592
NET CURRENT LIABILITIES (94,265 ) (58,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(662

)

49,612

CREDITORS
Amounts falling due after more than one
year

7

(20,009

)

(31,262

)

PROVISIONS FOR LIABILITIES (9,820 ) (13,685 )
NET (LIABILITIES)/ASSETS (30,491 ) 4,665

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (30,495 ) 4,661
SHAREHOLDERS' FUNDS (30,491 ) 4,665

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 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.

SHINE ON THE GREEN LIMITED (REGISTERED NUMBER: 06665279)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:




Ms C A Octigan - Director



A Conforti - Director


SHINE ON THE GREEN LIMITED (REGISTERED NUMBER: 06665279)

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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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 15 (2023 - 11 ) .

SHINE ON THE GREEN LIMITED (REGISTERED NUMBER: 06665279)

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 454,064 6,627 13,301 5,220 479,212
Disposals - (799 ) (2,549 ) (2,361 ) (5,709 )
At 31 July 2024 454,064 5,828 10,752 2,859 473,503
DEPRECIATION
At 1 August 2023 348,503 5,688 11,272 5,220 370,683
Charge for year 13,724 179 309 - 14,212
Eliminated on disposal - (578 ) (2,056 ) (2,361 ) (4,995 )
At 31 July 2024 362,227 5,289 9,525 2,859 379,900
NET BOOK VALUE
At 31 July 2024 91,837 539 1,227 - 93,603
At 31 July 2023 105,561 939 2,029 - 108,529

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 1,538 163
Other debtors 2,090 2,218
Directors' loan accounts 11,460 -
Tax 7,209 3,139
Prepayments 485 1,433
22,782 6,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,552 2,901
Amounts owed to associates 97,921 97,921
Tax 3,868 3,342
Social security and other taxes 1,941 2,458
VAT 9,806 12,758
Other creditors 26,235 34,319
Directors' loan accounts 2,508 6,578
Accruals and deferred income 2,750 -
Accrued expenses 3,465 3,315
163,046 173,592

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,009 21,262
20,009 31,262

SHINE ON THE GREEN LIMITED (REGISTERED NUMBER: 06665279)

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 114,583 164,583
164,583 214,583

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
A Conforti
Balance outstanding at start of year (70 ) (2,149 )
Amounts advanced 12,800 32,079
Amounts repaid (1,270 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,460 (70 )

During the year, A Conforti increased his loan from the company. As at 31 July 2024, he owed the company £11,460 (2023: (£70)). This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

Also during the year, Ms C A Octigan decreased her loan to the company. As at 31 July 2024, the company owed her £2,508 (2023: £6,508). This balance represents the maximum amount outstanding during the year and the loan is interest free.

10. RELATED PARTY DISCLOSURES

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

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

Octigan Limited
As at 31 July 2024, the company owed Octigan Limited £97,921 (2023: £97,921). 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 & A Conforti.

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

12. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £94,265.

The validity of this basis depends upon the continued support of the company's director. The director confirms that she will give the required support.