Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31No description of principal activity2024-01-01false34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08704609 2024-01-01 2024-12-31 08704609 2023-01-01 2023-12-31 08704609 2024-12-31 08704609 2023-12-31 08704609 c:CompanySecretary1 2024-01-01 2024-12-31 08704609 c:Director1 2024-01-01 2024-12-31 08704609 c:Director2 2024-01-01 2024-12-31 08704609 c:RegisteredOffice 2024-01-01 2024-12-31 08704609 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 08704609 d:Buildings d:LongLeaseholdAssets 2024-12-31 08704609 d:Buildings d:LongLeaseholdAssets 2023-12-31 08704609 d:PlantMachinery 2024-01-01 2024-12-31 08704609 d:PlantMachinery 2024-12-31 08704609 d:PlantMachinery 2023-12-31 08704609 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08704609 d:FurnitureFittings 2024-01-01 2024-12-31 08704609 d:FurnitureFittings 2024-12-31 08704609 d:FurnitureFittings 2023-12-31 08704609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08704609 d:ComputerEquipment 2024-01-01 2024-12-31 08704609 d:ComputerEquipment 2024-12-31 08704609 d:ComputerEquipment 2023-12-31 08704609 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08704609 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 08704609 d:OtherPropertyPlantEquipment 2024-12-31 08704609 d:OtherPropertyPlantEquipment 2023-12-31 08704609 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08704609 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08704609 d:CurrentFinancialInstruments 2024-12-31 08704609 d:CurrentFinancialInstruments 2023-12-31 08704609 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08704609 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08704609 d:ShareCapital 2024-12-31 08704609 d:ShareCapital 2023-12-31 08704609 d:SharePremium 2024-12-31 08704609 d:SharePremium 2023-12-31 08704609 d:RetainedEarningsAccumulatedLosses 2024-12-31 08704609 d:RetainedEarningsAccumulatedLosses 2023-12-31 08704609 c:FRS102 2024-01-01 2024-12-31 08704609 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08704609 c:FullAccounts 2024-01-01 2024-12-31 08704609 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08704609 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 08704609







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


SHINE BID SERVICES LTD






































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SHINE BID SERVICES LTD
 


 
COMPANY INFORMATION


Directors
S Pearce 
K Proctor 




Company secretary
S Pearce



Registered number
08704609



Registered office
Bedford Heights
Brickhill Drive

Bedford

MK41 7PH




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


SHINE BID SERVICES LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


SHINE BID SERVICES LTD
REGISTERED NUMBER:08704609



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,571
43,945

  
33,571
43,945

Current assets
  

Debtors: amounts falling due within one year
 5 
98,294
234,829

Cash at bank and in hand
  
231,013
184,194

  
329,307
419,023

Creditors: amounts falling due within one year
 6 
(142,321)
(136,899)

Net current assets
  
 
 
186,986
 
 
282,124

Total assets less current liabilities
  
220,557
326,069

Provisions for liabilities
  

Deferred tax
  
(2,857)
(10,527)

  
 
 
(2,857)
 
 
(10,527)

Net assets
  
217,700
315,542


Capital and reserves
  

Called up share capital 
  
1,250
1,250

Share premium account
  
3,750
3,750

Profit and loss account
  
212,700
310,542

  
217,700
315,542


Page 1

 


SHINE BID SERVICES LTD
REGISTERED NUMBER:08704609


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

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: 11 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


SHINE BID SERVICES LTD
 


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

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 2024

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 2024

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
-
10.00%
straight line
Plant and machinery
-
25.00%
reducing balance
Fixtures and fittings
-
25.00%
reducing balance
Computer equipment
-
25.00%
reducing balance
Bid beat
-
2.75%
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 3 (2023 - 4).

Page 5

 


SHINE BID SERVICES LTD
 


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

4.


Tangible fixed assets





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

£
£
£
£
£



Cost or valuation


At 1 January 2024
12,318
58,091
14,941
48,676
94,436


Additions
-
335
-
-
-



At 31 December 2024

12,318
58,426
14,941
48,676
94,436



Depreciation


At 1 January 2024
11,379
53,746
13,350
16,202
89,840


Charge for the year on owned assets
934
1,087
419
8,121
148



At 31 December 2024

12,313
54,833
13,769
24,323
89,988



Net book value



At 31 December 2024
5
3,593
1,172
24,353
4,448



At 31 December 2023
939
4,345
1,591
32,474
4,596

Total

£



Cost or valuation


At 1 January 2024
228,462


Additions
335



At 31 December 2024

228,797



Depreciation


At 1 January 2024
184,517


Charge for the year on owned assets
10,709



At 31 December 2024

195,226



Net book value



At 31 December 2024
33,571



At 31 December 2023
43,945

Page 6

 


SHINE BID SERVICES LTD
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
85,506
79,529

Amounts owed by connected undertakings
-
127,065

Prepayments and accrued income
12,788
11,120

Tax recoverable
-
17,115

98,294
234,829



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,022
12,015

Corporation tax
94,541
92,246

Other taxation and social security
10,522
10,103

Other creditors
2,636
2,435

Accruals and deferred income
23,600
20,100

142,321
136,899


 
Page 7