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REGISTERED NUMBER: 02605530 (England and Wales)















SHADES TECHNICS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






SHADES TECHNICS LIMITED (REGISTERED NUMBER: 02605530)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


SHADES TECHNICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Director: L S G Merhemitch





Registered office: Units E1 - E4, Rd Park
Stephenson Close
Hoddesdon
Hertfordshire
EN11 0BW





Registered number: 02605530 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

SHADES TECHNICS LIMITED (REGISTERED NUMBER: 02605530)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 105,818 126,738

Current assets
Stocks 806,618 567,335
Debtors 5 644,864 544,859
Cash at bank and in hand 1,128,944 1,426,163
2,580,426 2,538,357
Creditors
Amounts falling due within one year 6 326,488 380,786
Net current assets 2,253,938 2,157,571
Total assets less current liabilities 2,359,756 2,284,309

Provisions for liabilities 24,516 25,232
Net assets 2,335,240 2,259,077

Capital and reserves
Called up share capital 25,650 25,650
Capital redemption reserve 2,850 2,850
Retained earnings 2,306,740 2,230,577
Shareholders' funds 2,335,240 2,259,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 16 February 2025 and were signed by:





L S G Merhemitch - Director


SHADES TECHNICS LIMITED (REGISTERED NUMBER: 02605530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. Statutory information

Shades Technics 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.

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.
Long leasehold - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SHADES TECHNICS LIMITED (REGISTERED NUMBER: 02605530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. Accounting policies - continued

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 18 (2023 - 18 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 June 2023
and 31 May 2024 48,952 283,771 332,723
Depreciation
At 1 June 2023 17,669 188,316 205,985
Charge for year 1,565 19,355 20,920
At 31 May 2024 19,234 207,671 226,905
Net book value
At 31 May 2024 29,718 76,100 105,818
At 31 May 2023 31,283 95,455 126,738

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 476,561 373,228
Other debtors 168,303 171,631
644,864 544,859

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 219,916 246,292
Taxation and social security 40,717 40,764
Other creditors 65,855 93,730
326,488 380,786

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 208,600 206,126
Between one and five years 773,169 758,150
In more than five years 342,833 537,167
1,324,602 1,501,443