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REGISTERED NUMBER: SC734295 (Scotland)















Unaudited Financial Statements

for the Period 1 June 2022 to 30 June 2023

for

Shades of Entertainment Ltd

Shades of Entertainment Ltd (Registered number: SC734295)






Contents of the Financial Statements
for the Period 1 June 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shades of Entertainment Ltd

Company Information
for the Period 1 June 2022 to 30 June 2023







DIRECTORS: E K McCall
P A Wells





REGISTERED OFFICE: 4 Rashgill
Locharbriggs
Dumfries
Dumfries & Galloway
DG1 1QJ





REGISTERED NUMBER: SC734295 (Scotland)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

Shades of Entertainment Ltd (Registered number: SC734295)

Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,845

CURRENT ASSETS
Cash at bank 3,750

CREDITORS
Amounts falling due within one year 5 5,413
NET CURRENT LIABILITIES (1,663 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,182

PROVISIONS FOR LIABILITIES 731
NET ASSETS 1,451

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 1,351
1,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:





E K McCall - Director


Shades of Entertainment Ltd (Registered number: SC734295)

Notes to the Financial Statements
for the Period 1 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

Shades of Entertainment 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.

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 - 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Shades of Entertainment Ltd (Registered number: SC734295)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 4,527
At 30 June 2023 4,527
DEPRECIATION
Charge for period 682
At 30 June 2023 682
NET BOOK VALUE
At 30 June 2023 3,845

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 5,413

6. RELATED PARTY DISCLOSURES

At 30 June 2023, amounts of £2,451 and £2,500 were owed to directors of the Company. These sums are interest free and repayable on demand.