REGISTERED NUMBER: 13798883 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHADOW CONCEPTS LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

44,684

8,869

Current assets

Debtors

5

170,331

117,026

Cash at bank

173,991

1,610

344,322

118,636

Creditors

Amounts falling due within one year

6

301,456

103,236

Net current assets

42,866

15,400

Total assets less current liabilities

87,550

24,269

Creditors

Amounts falling due after more than one year

7

(21,984

)

-

Provisions for liabilities

10

(3,912

)

(1,352

)

Net assets

61,654

22,917

Capital and reserves

Called up share capital

11

2

2

Retained earnings

61,652

22,915

Shareholders' funds

61,654

22,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mr G Hatton - Director

1.	Statutory information

Shadow Concepts Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13798883. The registered office address is Faulkner House, 31 West Street, Wimborne, Dorset, BH21 1JS and the business address is Unit 6, Nuffield Trade Centre, Nuffield Road, Poole, Dorset, BH17 0UF.

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 represents amounts receivable, excluding value added tax, in respect of the manufacture and sale of security equipment. Turnover is recognised when the goods have been despatched to the customer.

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.

Improvements to property

-

Over the term of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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 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.

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.

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

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 2 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

-

4,483

720

8,202

13,405

Additions

37,306

-

2,493

2,124

41,923

Disposals

-

(2,650

)

-

(232

)

(2,882

)

At 31 March 2025

37,306

1,833

3,213

10,094

52,446

Depreciation

At 1 April 2024

-

1,121

180

3,235

4,536

Charge for year

1,116

343

758

1,729

3,946

Eliminated on disposal

-

(662

)

-

(58

)

(720

)

At 31 March 2025

1,116

802

938

4,906

7,762

Net book value

At 31 March 2025

36,190

1,031

2,275

5,188

44,684

At 31 March 2024

-

3,362

540

4,967

8,869

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

Improvements

to

property

£

Cost

Additions

27,104

At 31 March 2025

27,104

Depreciation

Charge for year

903

At 31 March 2025

903

Net book value

At 31 March 2025

26,201

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

63,599

117,026

Other debtors

19,103

-

Directors' current accounts

52,071

-

Prepayments

35,558

-

170,331

117,026

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Other loans

64,506

30,300

Hire purchase contracts (see note 8)

3,818

-

Trade creditors

49,547

3,583

Tax

39,068

27,346

Social security and other taxes

1,337

-

VAT

57,685

25,653

Other creditors

3,923

-

Directors' current accounts

-

13,654

Accruals and deferred income

81,572

2,700

301,456

103,236

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts (see note 8)

21,984

-

8.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

3,818

-

Between one and five years

21,984

-

25,802

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

30,409

7,124

Between one and five years

111,433

6,531

141,842

13,655

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

25,802

-

Amounts owed under hire purchase are secured against the asset to which they relate.

10.	Provisions for liabilities

2025

2024

£

£

Deferred tax

3,912

1,352

Deferred

tax

£

Balance at 1 April 2024

1,352

Charge to profit and loss

2,560

Balance at 31 March 2025

3,912

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

12.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr G Hatton

Balance outstanding at start of year

-

914

Amounts advanced

38,303

-

Amounts repaid

-

(914

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,303

-

Mr G Wheeler

Balance outstanding at start of year

-

914

Amounts advanced

13,768

-

Amounts repaid

-

(914

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,768

-

At the balance sheet date, the directors, Mr G Hatton and Mr G Wheeler, owed the company £38,303 and £13,768 respectively, disclosed within debtors. These balances were fully repaid within 9 months of the year-end.

13.	Ultimate controlling party

The company is controlled by the directors by virtue of their 100% ownership of the issued share capital.