Shine On Franchises Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11273767 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SHINE ON FRANCHISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S Jaques

REGISTERED OFFICE:

100 Barbirolli Square

Manchester

M2 3BD

REGISTERED NUMBER:

11273767 (England and Wales)

ACCOUNTANTS:

Xeinadin

100 Barbirolli Square

Manchester

M2 3BD

CURRENT ASSETS

Cash at bank

759

1,084

CREDITORS

Amounts falling due within one year

4

(28,934

)

(29,732

)

NET CURRENT LIABILITIES

(28,175

)

(28,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,175

)

(28,648

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

(28,275

)

(28,748

)

SHAREHOLDERS' FUNDS

(28,175

)

(28,648

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th June 2024 and were signed by:

Mr S Jaques - Director

1.	STATUTORY INFORMATION

Shine On Franchises Limited is a private company, limited by shares, registered in England and Wales, registration number 11273767. The address of the registered office is 100 Barbirolli Square Manchester M2 3BD and the principal place of business is 2 Angus Road, Merseyside, CH63 OLR.

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.

Going Concern

The concept of going concern is an underlying assumption in the production of financial statements. As there are considerable net liabilities there is a question mark over going concern. Although there is no formal agreement in place the directors have indicated they will continue to provide financial support to the company for at least twelve months from the date these financial statements are approved and authorised for issue.

Turnover

Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of cleaning services, where net takings are recognised as earned.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognized initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

28,934

29,732

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100