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REGISTERED NUMBER: 10796014 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2023 to 31 August 2024

for

Shine Today Limited

Shine Today Limited (Registered number: 10796014)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Shine Today Limited

Company Information
for the Period 1 June 2023 to 31 August 2024







DIRECTOR: J Squiers





REGISTERED OFFICE: 7 Haywain Close
Weavering
Maidstone
Kent
ME14 5UX





REGISTERED NUMBER: 10796014 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Shine Today Limited (Registered number: 10796014)

Balance Sheet
31 August 2024

31/8/24 31/5/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,819 9,117

CURRENT ASSETS
Cash at bank 1,231 7,586

CREDITORS
Amounts falling due within one year 5 296,481 260,880
NET CURRENT LIABILITIES (295,250 ) (253,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(293,431

)

(244,177

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (293,531 ) (244,277 )
(293,431 ) (244,177 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 27 May 2025 and were signed by:





J Squiers - Director


Shine Today Limited (Registered number: 10796014)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 August 2024

1. STATUTORY INFORMATION

Shine Today Limited 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.

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.

Turnover is recognised in the period that the chess tuition occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 5 years

Financial instruments
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

Financial assets are derecognised when:
- the contractual right to cash flows from the asset are settled or expire,
- substantially all the risk and rewards of the ownership of the asset are transferred to another party or
- despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the liability is discharged, cancelled or expires.

Taxation
Taxation for the period 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.


Shine Today Limited (Registered number: 10796014)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The director deems the going concern basis appropriate despite the company having net liabilities of £293,431 (2023: £244,177) as at the balance sheet date. This is due to the ongoing support and financial backing of the director / shareholder.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 66,608
Additions 770
At 31 August 2024 67,378
DEPRECIATION
At 1 June 2023 57,491
Charge for period 8,068
At 31 August 2024 65,559
NET BOOK VALUE
At 31 August 2024 1,819
At 31 May 2023 9,117

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/5/23
£    £   
Trade creditors 240 -
Taxation and social security 402 -
Other creditors 295,839 260,880
296,481 260,880

Shine Today Limited (Registered number: 10796014)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 August 2024

6. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the director a balance of £285,819 (2023: £257,236).

7. ULTIMATE CONTROLLING PARTY

The controlling party is J Squiers.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Shine Today Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shine Today Limited for the period ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Shine Today Limited in accordance with the terms of our engagement letter dated 2 November 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Shine Today Limited and state those matters that we have agreed to state to the director of Shine Today Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shine Today Limited and its director for our work or for this report.

It is your duty to ensure that Shine Today Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shine Today Limited. You consider that Shine Today Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Shine Today Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


27 May 2025