0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 850,000 26,850 30,000 906,850 906,850 850,000 xbrli:pure xbrli:shares iso4217:GBP 14218244 2024-04-01 2025-03-31 14218244 2025-03-31 14218244 2024-03-31 14218244 2023-04-01 2024-03-31 14218244 2024-03-31 14218244 2023-03-31 14218244 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 14218244 bus:Director1 2024-04-01 2025-03-31 14218244 core:WithinOneYear 2025-03-31 14218244 core:WithinOneYear 2024-03-31 14218244 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 14218244 core:AfterOneYear 2025-03-31 14218244 core:AfterOneYear 2024-03-31 14218244 core:ShareCapital 2025-03-31 14218244 core:ShareCapital 2024-03-31 14218244 core:RetainedEarningsAccumulatedLosses 2025-03-31 14218244 core:RetainedEarningsAccumulatedLosses 2024-03-31 14218244 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 14218244 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 14218244 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 14218244 bus:SmallEntities 2024-04-01 2025-03-31 14218244 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14218244 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14218244 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14218244 bus:FullAccounts 2024-04-01 2025-03-31 14218244 bus:OrdinaryShareClass1 2025-03-31 14218244 bus:OrdinaryShareClass1 2024-03-31
COMPANY REGISTRATION NUMBER: 14218244
Shaded Light Limited
Filleted Unaudited Financial Statements
31 March 2025
Shaded Light Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
4
906,850
850,000
Current assets
Stocks
337,169
Cash at bank and in hand
87,567
2,987
--------
---------
87,567
340,156
Creditors: amounts falling due within one year
5
137,483
110,996
---------
---------
Net current (liabilities)/assets
( 49,916)
229,160
---------
------------
Total assets less current liabilities
856,934
1,079,160
Creditors: amounts falling due after more than one year
6
609,068
852,922
Provisions
60,740
60,740
---------
------------
Net assets
187,126
165,498
---------
------------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
187,125
165,497
---------
---------
Shareholders funds
187,126
165,498
---------
---------
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 2025 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 .
Shaded Light Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 18 July 2025 , and are signed on behalf of the board by:
Mr John
Director
Company registration number: 14218244
Shaded Light Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 36 Tuskar Street, London, SE10 9UR, United Kingdom.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Investment property
£
Cost or valuation
At 1 April 2024
850,000
Additions
26,850
Revaluations
30,000
---------
At 31 March 2025
906,850
---------
Depreciation
At 1 April 2024 and 31 March 2025
---------
Carrying amount
At 31 March 2025
906,850
---------
At 31 March 2024
850,000
---------
The properties are valued at £906,850 at the year end. The director considers this to be a fair value of the properties at the year end. The historic cost of the properties was £633,889.
5. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
1,385
1,200
Director loan accounts
136,098
109,796
---------
---------
137,483
110,996
---------
---------
6. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
609,068
852,922
---------
---------
7. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Related party transactions
At the year end the company owed the director £136,098 (2024:£109,796) by way of a directors loan, shown within creditors.