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REGISTERED NUMBER: 08281580 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Shadow Foam Limited

Shadow Foam Limited (Registered number: 08281580)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Shadow Foam Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr J O Shone





REGISTERED OFFICE: Unit 34-36
Cosgrove Business Park
Northwich
Cheshire
CW9 6FY





REGISTERED NUMBER: 08281580 (England and Wales)





ACCOUNTANTS: Frazer Norris Accounting Limited
Chartered Accountants
Waverley
603 Chester Road
Sandiway
Northwich
Cheshire
CW8 2EB

Shadow Foam Limited (Registered number: 08281580)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256,126 177,952

CURRENT ASSETS
Stocks 170,377 145,510
Debtors 74,043 51,878
Cash at bank 114,897 101,757
359,317 299,145
CREDITORS
Amounts falling due within one year 240,544 149,328
NET CURRENT ASSETS 118,773 149,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,899

327,769

CREDITORS
Amounts falling due after more than one year 5 137,702 191,134
NET ASSETS 237,197 136,635

CAPITAL AND RESERVES
Called up share capital 1,050 1,050
Share premium 99,950 99,950
Retained earnings 136,197 35,635
SHAREHOLDERS' FUNDS 237,197 136,635

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Shadow Foam Limited (Registered number: 08281580)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 August 2024 and were signed by:





Mr J O Shone - Director


Shadow Foam Limited (Registered number: 08281580)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Shadow Foam Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Shadow Foam Limited (Registered number: 08281580)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 318,304
Additions 149,118
At 30 November 2023 467,422
DEPRECIATION
At 1 December 2022 140,352
Charge for year 70,944
At 30 November 2023 211,296
NET BOOK VALUE
At 30 November 2023 256,126
At 30 November 2022 177,952

Shadow Foam Limited (Registered number: 08281580)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 December 2022
and 30 November 2023 71,802
DEPRECIATION
At 1 December 2022 6,906
Charge for year 17,951
At 30 November 2023 24,857
NET BOOK VALUE
At 30 November 2023 46,945
At 30 November 2022 64,896

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.11.23 30.11.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 10,736 16,871

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts and finance leases 32,490 54,496

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr J O Shone
Balance outstanding at start of year - 185
Amounts repaid - (185 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Shadow Foam Limited (Registered number: 08281580)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J O Shone.