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REGISTERED NUMBER: 10379503 (England and Wales)











SHINE FITNESS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024






SHINE FITNESS LTD (REGISTERED NUMBER: 10379503)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

SHINE FITNESS LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: L F Paull-Hartry





REGISTERED OFFICE: F45 114-115 Tottenham Court Road
Westminster
London
W1T 5AH





REGISTERED NUMBER: 10379503 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

SHINE FITNESS LTD (REGISTERED NUMBER: 10379503)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 23,329 34,994
Tangible assets 5 44,816 47,988
68,145 82,982

CURRENT ASSETS
Debtors 6 56,232 53,675
Cash at bank 2,432 5,643
58,664 59,318
CREDITORS
Amounts falling due within one year 7 127,110 109,846
NET CURRENT LIABILITIES (68,446 ) (50,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(301

)

32,454

CREDITORS
Amounts falling due after more than one year 8 6,739 15,946
NET (LIABILITIES)/ASSETS (7,040 ) 16,508

CAPITAL AND RESERVES
Called up share capital 30,850 30,850
Retained earnings (37,890 ) (14,342 )
(7,040 ) 16,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 FITNESS LTD (REGISTERED NUMBER: 10379503)

BALANCE SHEET - continued
30 September 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2025 and were signed by:





L F Paull-Hartry - Director


SHINE FITNESS LTD (REGISTERED NUMBER: 10379503)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Shine Fitness 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 - Straight line over 15 years
Equipment - 25% on cost
Office equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SHINE FITNESS LTD (REGISTERED NUMBER: 10379503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 100,000 8,323 108,323
AMORTISATION
At 1 October 2023 70,000 3,329 73,329
Charge for year 10,000 1,665 11,665
At 30 September 2024 80,000 4,994 84,994
NET BOOK VALUE
At 30 September 2024 20,000 3,329 23,329
At 30 September 2023 30,000 4,994 34,994

5. TANGIBLE FIXED ASSETS
Improvements
to Office
property Equipment equipment Totals
£    £    £    £   
COST
At 1 October 2023 80,425 78,812 31,320 190,557
Additions - 354 1,679 2,033
At 30 September 2024 80,425 79,166 32,999 192,590
DEPRECIATION
At 1 October 2023 31,495 78,812 32,262 142,569
Charge for year 4,826 61 318 5,205
At 30 September 2024 36,321 78,873 32,580 147,774
NET BOOK VALUE
At 30 September 2024 44,104 293 419 44,816
At 30 September 2023 48,930 - (942 ) 47,988

SHINE FITNESS LTD (REGISTERED NUMBER: 10379503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 56,232 53,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,793
Taxation and social security 10,765 17,758
Other creditors 106,345 81,295
127,110 109,846

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,739 15,946

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHINE FITNESS LTD

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 Fitness Ltd for the year ended 30 September 2024 which comprise the Statement of income and retained earnings, 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 Fitness Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shine Fitness Ltd and state those matters that we have agreed to state to the director of Shine Fitness Ltd 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 Fitness Ltd and its director for our work or for this report.

It is your duty to ensure that Shine Fitness Ltd 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 Fitness Ltd. You consider that Shine Fitness Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shine Fitness Ltd. 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.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


11 June 2025