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REGISTERED NUMBER: SC734295 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Shades of Entertainment Ltd

Shades of Entertainment Ltd (Registered number: SC734295)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shades of Entertainment Ltd

Company Information
for the Year Ended 30 June 2024







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 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
3,845 Tangible assets 4 3,270

CURRENT ASSETS
3,750 Cash at bank 5,539

CREDITORS
5,413 Amounts falling due within one year 5 4,426
(1,663 ) NET CURRENT ASSETS/(LIABILITIES) 1,113
2,182 TOTAL ASSETS LESS CURRENT
LIABILITIES

4,383

731 PROVISIONS FOR LIABILITIES 621
1,451 NET ASSETS 3,762

CAPITAL AND RESERVES
100 Called up share capital 100
1,351 Retained earnings 3,662
1,451 3,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 3 January 2025 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 Year Ended 30 June 2024

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Shades of Entertainment Ltd (Registered number: SC734295)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 4,527
DEPRECIATION
At 1 July 2023 682
Charge for year 575
At 30 June 2024 1,257
NET BOOK VALUE
At 30 June 2024 3,270
At 30 June 2023 3,845

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 191 -
Other creditors 4,235 5,413
4,426 5,413

6. RELATED PARTY DISCLOSURES

At 30 June 2024, amounts of £1,251 and £2,500 (2023- £2,451 and £2,500) were owed to directors of the Company. These sums are interest free and repayable on demand.