Company Registration No. 09714511 (England and Wales)
Shine Creative Solutions Limited
Unaudited accounts
for the year ended 31 December 2021
Shine Creative Solutions Limited
Unaudited accounts
Contents
Shine Creative Solutions Limited
Company Information
for the year ended 31 December 2021
Directors
Rebecca Slater
Sarah Hall
Company Number
09714511 (England and Wales)
Registered Office
357C ARCHWAY ROAD
LONDON
MIDDLESEX
N6 4EJ
United Kingdom
Accountants
Cool Beans Bookkeeping Ltd
86-90 Paul Street
London
EC2A 4NE
Shine Creative Solutions Limited
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
91,637
(41,025)
Creditors: amounts falling due within one year
(287,501)
(138,104)
Net current liabilities
(57,122)
(50,342)
Total assets less current liabilities
(55,664)
(49,992)
Creditors: amounts falling due after more than one year
(249,884)
(303,385)
Provisions for liabilities
Other provisions
(4,266)
(8,244)
Net liabilities
(309,814)
(361,621)
Called up share capital
100
100
Profit and loss account
(309,914)
(361,721)
Shareholders' funds
(309,814)
(361,621)
For the year ending 31 December 2021 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 19 August 2022 and were signed on its behalf by
Rebecca Slater
Director
Company Registration No. 09714511
Shine Creative Solutions Limited
Notes to the Accounts
for the year ended 31 December 2021
Shine Creative Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09714511. The registered office is 357C ARCHWAY ROAD, LONDON, MIDDLESEX, N6 4EJ, United Kingdom.
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.
The financial statements have been prepared on a going concern basis on the assumption that the company's directors, suppliers and other creditors will continue to provide the necessary support to enable the company to trade for the foreseeable future. The company management information predict that the company will be in profit for the year to 31 December 2022.
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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Fixtures & fittings
Reducing Balance 15%
Computer equipment
Straight Line 33.33%
Shine Creative Solutions Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
600
3,988
4,588
At 31 December 2021
600
5,191
5,791
At 1 January 2021
250
3,988
4,238
Charge for the year
52
43
95
At 31 December 2021
302
4,031
4,333
At 31 December 2021
298
1,160
1,458
At 31 December 2020
350
-
350
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
118,244
75,207
Accrued income and prepayments
9,465
52,500
Other debtors
11,033
1,080
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
39,000
-
Trade creditors
141,043
31,676
Taxes and social security
8,538
12,387
Other creditors
5,993
83,873
7
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
152,190
153,385
8
Average number of employees
During the year the average number of employees was 5 (2020: 4).
