Company Registration No. 12097429 (England and Wales)
HI-SHINE DOMESTICS LTD
Unaudited accounts
for the year ended 31 July 2024
HI-SHINE DOMESTICS LTD
Unaudited accounts
Contents
HI-SHINE DOMESTICS LTD
Company Information
for the year ended 31 July 2024
Company Number
12097429 (England and Wales)
Registered Office
Office 64 The Business Centre
Edward Street
Redditch
Worcs
B97 6HA
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
HI-SHINE DOMESTICS LTD
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
1,495
1,375
Creditors: amounts falling due within one year
(3,071)
(4,834)
Net current liabilities
(1,476)
(3,159)
Net liabilities
(1,320)
(2,926)
Called up share capital
100
100
Profit and loss account
(1,420)
(3,026)
Shareholders' funds
(1,320)
(2,926)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 May 2025 and were signed on its behalf by
Naomi Maye
Director
Company Registration No. 12097429
HI-SHINE DOMESTICS LTD
Notes to the Accounts
for the year ended 31 July 2024
HI-SHINE DOMESTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 12097429. The registered office is Office 64 The Business Centre, Edward Street, Redditch, Worcs, B97 6HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated her support will continue for the foreseeable future.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line Method
HI-SHINE DOMESTICS LTD
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due after more than one year
Accrued income and prepayments
-
200
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
467
Loans from directors
1,935
1,157
7
Transactions with related parties
At the year end, there was a balance of £1895 owed to sole director Naomi Maye.
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).