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Company Registration No. 11807536 (England and Wales)
SHINY FOR YOU LTD Unaudited accounts for the year ended 28 February 2025
SHINY FOR YOU LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SHINY FOR YOU LTD Company Information for the year ended 28 February 2025
Directors
Diell Zejnullahu Diell Zejnullahu
Company Number
11807536 (England and Wales)
Registered Office
13 CHOBHAM ROAD FRIMLEY CAMBERLEY GU16 8PG ENGLAND
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SHINY FOR YOU LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,331
11,434
Current assets
Debtors
5
-
1,000
Cash at bank and in hand
2,162
1,810
2,162
2,810
Creditors: amounts falling due within one year
6
(21,571)
(22,709)
Net current liabilities
(19,409)
(19,899)
Total assets less current liabilities
(10,078)
(8,465)
Creditors: amounts falling due after more than one year
7
-
(12,188)
Provisions for liabilities
Deferred tax
(687)
(687)
Net liabilities
(10,765)
(21,340)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(10,775)
(21,350)
Shareholders' funds
(10,765)
(21,340)
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
Diell Zejnullahu Director Company Registration No. 11807536
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SHINY FOR YOU LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
SHINY FOR YOU LTD is a private company, limited by shares, registered in England and Wales, registration number 11807536. The registered office is 13 CHOBHAM ROAD, FRIMLEY, CAMBERLEY, GU16 8PG, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & machinery
18% Reducing Balance Method
Fixtures & fittings
10% Straight Line Method
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SHINY FOR YOU LTD Notes to the Accounts for the year ended 28 February 2025
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
17,290
4,500
21,790
At 28 February 2025
17,290
4,500
21,790
Depreciation
At 1 March 2024
8,106
2,250
10,356
Charge for the year
1,653
450
2,103
At 28 February 2025
9,759
2,700
12,459
Net book value
At 28 February 2025
7,531
1,800
9,331
At 29 February 2024
9,184
2,250
11,434
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
1,000
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SHINY FOR YOU LTD Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,177
6,973
Loans from directors
13,394
15,736
21,571
22,709
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
12,188
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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