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REGISTERED NUMBER: SC147834 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SHADES WINDOW BLINDS LTD.

SHADES WINDOW BLINDS LTD. (REGISTERED NUMBER: SC147834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHADES WINDOW BLINDS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: I W Bishop



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC147834 (Scotland)



ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: Clydesdale Bank plc
30 St. Vincent Place
Glasgow
G1 2HL

SHADES WINDOW BLINDS LTD. (REGISTERED NUMBER: SC147834)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 558,239 520,537

CURRENT ASSETS
Stocks 226,011 272,685
Debtors 5 579,722 611,378
Cash at bank 505,781 742,572
1,311,514 1,626,635
CREDITORS
Amounts falling due within one year 6 857,296 1,163,371
NET CURRENT ASSETS 454,218 463,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,012,457

983,801

PROVISIONS FOR LIABILITIES 114,178 76,476
NET ASSETS 898,279 907,325

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Other reserves - 2,243
Retained earnings 888,279 895,082
SHAREHOLDERS' FUNDS 898,279 907,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

SHADES WINDOW BLINDS LTD. (REGISTERED NUMBER: SC147834)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





I W Bishop - Director


SHADES WINDOW BLINDS LTD. (REGISTERED NUMBER: SC147834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Shades Window Blinds Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on a straight line basis, 25% on a reducing balance basis, 15% on a reducing balance basis and 5% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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.

Leasing and hire purchase commitments
Assets held under finance leases or hire purchase contracts are capitalised under tangible fixed assets in the balance sheet and depreciated over their useful economic lives. The capital element of the future payments is treated as a liability and the interest element charged to the profit and loss account.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the agreement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 95 (2022 - 94 ) .

SHADES WINDOW BLINDS LTD. (REGISTERED NUMBER: SC147834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 March 2022 1,722,023
Additions 154,267
Disposals (149,778 )
At 28 February 2023 1,726,512
DEPRECIATION
At 1 March 2022 1,201,486
Charge for year 93,413
Eliminated on disposal (126,626 )
At 28 February 2023 1,168,273
NET BOOK VALUE
At 28 February 2023 558,239
At 28 February 2022 520,537

Cost or valuation at 28 February 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2010 38,000
Cost 1,688,512
1,726,512

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 140,522 172,178

Amounts falling due after more than one year:
Amounts owed by group undertakings 439,200 439,200

Aggregate amounts 579,722 611,378

SHADES WINDOW BLINDS LTD. (REGISTERED NUMBER: SC147834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 117,872 257,382
Taxation and social security 147,671 150,146
Other creditors 591,753 755,843
857,296 1,163,371

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is Shades Group Ltd.