Company No: 08358796 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	0		3,066
Tangible assets	4	183,761		192,776
Investments	5	3,896		3,896
		187,657		199,738
Current assets
Stocks		3,887		1,536
Debtors	6	72,435		93,435
Cash at bank and in hand		5,464		26,805
		81,786		121,776
Creditors: amounts falling due within one year	7	( 197,447)		( 209,482)
Net current liabilities		(115,661)		(87,706)
Total assets less current liabilities		71,996		112,032
Creditors: amounts falling due after more than one year	8	( 162,032)		( 162,641)
Provision for liabilities		( 33,198)		( 30,819)
Net liabilities		( 123,234)		( 81,428)
Capital and reserves
Called-up share capital	9	270,000		270,000
Profit and loss account		( 393,234 )		( 351,428 )
Total shareholders' deficit		( 123,234)		( 81,428)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Rein & Shine Limited (registered number: 08358796) were approved and authorised for issue by the Board of Directors on 13 October 2025. They were signed on its behalf by:

Mr J K Mcdonald Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rein & Shine Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Buryhill Farm, Braydon, Swindon, SN5 0AD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Taxation for the year 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.

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.

Government grants

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

2 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	15 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Tools and equipment	10 years straight line
Office equipment	5 years straight line
Other property, plant and equipment	25 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	26		15

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	3,345		3,345
Disposals	( 3,345)		( 3,345)
At 31 March 2025	0		0
Accumulated amortisation
At 01 April 2024	279		279
Charge for the financial year	1,533		1,533
Disposals	( 1,812)		( 1,812)
At 31 March 2025	0		0
Net book value
At 31 March 2025	0		0
At 31 March 2024	3,066		3,066

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Tools and equipment		Office equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 April 2024	372,975		24,907		12,495		98,390		7,906		14,739		531,412
Additions	15,675		459		0		0		2,064		3,001		21,199
Disposals	0		( 1,655)		0		0		0		( 5,239)		( 6,894)
At 31 March 2025	388,650		23,711		12,495		98,390		9,970		12,501		545,717
Accumulated depreciation
At 01 April 2024	287,759		17,270		11,967		13,939		5,560		2,141		338,636
Charge for the financial year	12,430		1,930		132		9,839		1,359		492		26,182
Disposals	0		( 1,585)		0		0		0		( 1,277)		( 2,862)
At 31 March 2025	300,189		17,615		12,099		23,778		6,919		1,356		361,956
Net book value
At 31 March 2025	88,461		6,096		396		74,612		3,051		11,145		183,761
At 31 March 2024	85,216		7,637		528		84,451		2,346		12,598		192,776

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	3,896		3,896
At 31 March 2025	3,896		3,896
Carrying value at 31 March 2025	3,896		3,896
Carrying value at 31 March 2024	3,896		3,896

6. Debtors

	2025		2024
	£		£
Trade debtors	0		21,505
Amounts owed by related parties	39,009		38,405
Prepayments	10,626		10,725
Other debtors	22,800		22,800
	72,435		93,435

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	4,400		11,559
Trade creditors	11,302		8,337
Amounts owed to related parties	47,936		51,579
Amounts owed to directors	97,543		73,487
Accruals	8,324		7,178
Taxation and social security	6,493		15,352
Obligations under finance leases and hire purchase contracts (secured)	17,300		17,300
Other creditors	4,149		24,690
	197,447		209,482

Security has been given by John McDonald and Ross McDonald for any borrowings from Barclays Bank UK Plc.

The obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	136,082		119,391
Obligations under finance leases and hire purchase contracts (secured)	25,950		43,250
	162,032		162,641

Security has been given by Mr J K McDonald and Mr R A McDonald for borrowings from Barclays Bank UK Plc.

The obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	79,849		66,927

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
270,000 Ordinary shares shares of £ 1.00 each	270,000		270,000

10. Financial commitments

Other financial commitments

	2025		2024
	£		£
Operating lease commitments - vehicle lease	2,796		13,424

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Current account	(11,839)		(13,003)
Current account	(2,297)		(77)
Current account	(83,407)		(60,407)

Security has been given by John McDonald and Ross McDonald for any borrowings from Barclays Bank UK Plc amounting to £108,000.

Other related party transactions

	2025		2024
	£		£
Amounts owed by related parties	39,009		38,405
Amounts owed by related parties	(52,522)		(51,579)

There are other transactions with related parties but these are believed to be at market rate.

Two of the directors are joint owners of the premises leased by the Company. The Company has entered into a debenture to provide an unlimited guarantee to Barclays Bank plc of amounts owed to the bank by the joint owners of the premises. The debenture is secured by a charge over the assets of the Company.