Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseResidential care activities for learning difficulties, mental health and substance abuse4034truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10677747 2023-04-01 2024-03-31 10677747 2022-04-01 2023-03-31 10677747 2024-03-31 10677747 2023-03-31 10677747 c:Director2 2023-04-01 2024-03-31 10677747 d:PlantMachinery 2023-04-01 2024-03-31 10677747 d:FurnitureFittings 2023-04-01 2024-03-31 10677747 d:FurnitureFittings 2024-03-31 10677747 d:FurnitureFittings 2023-03-31 10677747 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10677747 d:ComputerEquipment 2023-04-01 2024-03-31 10677747 d:ComputerEquipment 2024-03-31 10677747 d:ComputerEquipment 2023-03-31 10677747 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10677747 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10677747 d:FreeholdInvestmentProperty 2024-03-31 10677747 d:FreeholdInvestmentProperty 2023-03-31 10677747 d:CurrentFinancialInstruments 2024-03-31 10677747 d:CurrentFinancialInstruments 2023-03-31 10677747 d:Non-currentFinancialInstruments 2024-03-31 10677747 d:Non-currentFinancialInstruments 2023-03-31 10677747 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10677747 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10677747 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10677747 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10677747 d:ShareCapital 2024-03-31 10677747 d:ShareCapital 2023-03-31 10677747 d:RetainedEarningsAccumulatedLosses 2024-03-31 10677747 d:RetainedEarningsAccumulatedLosses 2023-03-31 10677747 c:FRS102 2023-04-01 2024-03-31 10677747 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10677747 c:FullAccounts 2023-04-01 2024-03-31 10677747 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10677747 6 2023-04-01 2024-03-31 10677747 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10677747










SHINE CYMRU LIFE SKILLS SERVICES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
REGISTERED NUMBER: 10677747

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,944
18,435

Investments
  
1
1

Investment property
 6 
353,489
353,489

  
387,434
371,925

Current assets
  

Debtors: amounts falling due within one year
 7 
121,722
28,575

Cash at bank and in hand
  
47,743
41,411

  
169,465
69,986

Creditors: amounts falling due within one year
 8 
(146,216)
(96,243)

Net current assets/(liabilities)
  
 
 
23,249
 
 
(26,257)

Total assets less current liabilities
  
410,683
345,668

Creditors: amounts falling due after more than one year
 9 
(269,954)
(311,793)

Provisions for liabilities
  

Deferred tax
  
(3,264)
(2,880)

  
 
 
(3,264)
 
 
(2,880)

Net assets
  
137,465
30,995


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
137,463
30,993

  
137,465
30,995


Page 1

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
REGISTERED NUMBER: 10677747
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 comprehensive income 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: 




Gavin John Singleton
Director

Date: 28 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Shine Cymru Life Skills Services Ltd is a private company, limited by shares, registered in England and Wales. The company's registered office address is:
Pennard House Charter Court
Swansea Enerprise Park
Swansea
Wales
SA7 9FS
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to nearest £. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions within the group.

The following principal accounting policies have been applied:

Page 3

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
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.

Page 4

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 balance sheet 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 balance sheet 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 balance sheet 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

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.

Page 5

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 6

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 40 (2023 - 34).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
28,849
9,257
38,106


Additions
26,027
1,554
27,581



At 31 March 2024

54,876
10,811
65,687



Depreciation


At 1 April 2023
17,955
1,716
19,671


Charge for the year on owned assets
9,644
2,428
12,072



At 31 March 2024

27,599
4,144
31,743



Net book value



At 31 March 2024
27,277
6,667
33,944



At 31 March 2023
10,894
7,541
18,435

Page 7

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1



At 31 March 2024
1





6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
353,489



At 31 March 2024
353,489

The 2024 valuations were made by the directors, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
102,100
24,702

Other debtors
16,529
-

Prepayments and accrued income
3,093
3,873

121,722
28,575


Page 8

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
41,774
38,977

Other loans
15,135
-

Trade creditors
1,663
1,676

Corporation tax
41,167
10,596

Other taxation and social security
15,985
15,584

Other creditors
24,675
26,407

Accruals and deferred income
5,817
3,003

146,216
96,243



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
269,954
311,793

269,954
311,793


The following liabilities were secured:

2024
2023
£
£



Bank Loans
285,729
315,539

Details of security provided:

The loan is secured against investment property held by the company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
106,479
146,748



Page 9

 
SHINE CYMRU LIFE SKILLS SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.Other financial commitments

At the balance sheet date, the company had total commitments under non-cancellable operating leases amounting to £253,408 (2023 - £273,198).


11.


Related party transactions

At the balance sheet date, the company owed its directors £1,777 (2023 - £4,301). Directors' loans are unsecured, interest free and repayable on demand.

 
Page 10