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COMPANY REGISTRATION NUMBER: 05289239
Shades Digital Limited
Filleted Unaudited Financial Statements
31 March 2023
Shades Digital Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
244,279
244,279
Cash at bank and in hand
7,490
7,490
---------
---------
251,769
251,769
Creditors: amounts falling due within one year
5
32,999
32,999
---------
---------
Net current assets
218,770
218,770
---------
---------
Total assets less current liabilities
218,770
218,770
Creditors: amounts falling due after more than one year
6
9,750
9,750
---------
---------
Net assets
209,020
209,020
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
208,920
208,920
---------
---------
Shareholders funds
209,020
209,020
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Shades Digital Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 1 December 2023 , and are signed on behalf of the board by:
S J Bennett
Director
Company registration number: 05289239
Shades Digital Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Barley House, Sopers Road, EN6 4RY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
4. Debtors
2023
2022
£
£
Trade debtors
126,800
126,800
Other debtors
117,479
117,479
---------
---------
244,279
244,279
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
11,410
11,410
Other creditors
21,589
21,589
--------
--------
32,999
32,999
--------
--------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
9,750
9,750
-------
-------
7. Related party transactions
The company was under the control of the Director throughout the current and previous year. Whilst the company is investigating alternative business sources excess funds have been lent to SGA Management Limited, a company in which the Director is a shareholder. the loan bears interest at the official rate and is repayable on demand.