Shadow Blinds Limited 28/02/2026 iXBRL

Company registration number: SC112430

Shadow Blinds Limited

Unaudited filleted abridged financial statements

28 February 2026

Shadow Blinds Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Notes to the financial statements

Shadow Blinds Limited

Directors and other information


	Directors
		June Nikolic
		Sean Nikolic


	Secretary	Mrs J Nikolic


	Company number	SC112430


	Registered office	Unit E
		Eastfield Industrial Estate
		Newark Road South
		Glenrothes
		KY7 4NS


	Accountants	Paterson Boyd & Co
		Chartered Certified Accountants
		18 North Street
		Glenrothes
		Fife
		KY7 5NA

Shadow Blinds Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Shadow Blinds Limited

Year ended 28 February 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shadow Blinds Limited for the year ended 28 February 2026 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Shadow Blinds Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Shadow Blinds Limited and state those matters that we have agreed to state to the board of directors of Shadow Blinds Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shadow Blinds Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Shadow Blinds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shadow Blinds Limited. You consider that Shadow Blinds Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shadow Blinds Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Paterson Boyd & Co

Chartered Certified Accountants

18 North Street

Glenrothes

Fife

KY7 5NA

4 November 2026

Shadow Blinds Limited

Abridged statement of financial position

28 February 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	508,195		524,216
Investments	6	603,000		603,000
		_______		_______
			1,111,195		1,127,216

Current assets
Stocks		27,258		25,960
Debtors		52,700		37,414
Cash at bank and in hand		299,617		435,099
		_______		_______
		379,575		498,473
Creditors: amounts falling due
within one year	7	( 164,249)		( 190,151)
		_______		_______
Net current assets			215,326		308,322
			_______		_______
Total assets less current liabilities			1,326,521		1,435,538

Creditors: amounts falling due
after more than one year	8		( 260,133)		( 267,144)

Provisions for liabilities			( 13,554)		( 15,043)

			_______		_______
Net assets			1,052,834		1,153,351
			_______		_______

Capital and reserves
Called up share capital	9		2		2
Profit and loss account			1,052,832		1,153,349
			_______		_______
Shareholders funds			1,052,834		1,153,351
			_______		_______

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 28 February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 04 November 2026 , and are signed on behalf of the board by:

Sean Nikolic

Director

Company registration number: SC112430

Shadow Blinds Limited

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit E, Eastfield Industrial Estate, Newark Road South, Glenrothes, KY7 4NS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis unless otherwise specified within these accounting policies.The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2.00 %	straight line
Property improvements	-	2.00 %	straight line
Plant and machinery	-	25.00 %	reducing balance
Fixtures and fittings	-	15.00 %	reducing balance
Motor vehicles	-	20.00 %	reducing balance
Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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.

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 stocks to their 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2025: 15 ).

5. Tangible assets


		£
	Cost
	At 1 March 2025	1,029,265
	Additions	16,935
	Disposals	( 29,789)
		_______
	At 28 February 2026	1,016,411
		_______
	Depreciation
	At 1 March 2025	505,049
	Charge for the year	27,600
	Disposals	( 24,433)
		_______
	At 28 February 2026	508,216
		_______
	Carrying amount
	At 28 February 2026	508,195
		_______
	At 28 February 2025	524,216
		_______

6. Investments


		£
	Cost
	At 1 March 2025 and 28 February 2026	603,000
		_______
	Impairment
	At 1 March 2025 and 28 February 2026	-
		_______
	Carrying amount
	At 28 February 2026	603,000
		_______
	At 28 February 2025	603,000
		_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,334	10,000
Trade creditors	78,198	83,275
Corporation tax	2,948	36,653
Social security and other taxes	67,977	32,130
Other creditors	11,792	28,093
	_______	_______
	164,249	190,151
	_______	_______

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	-	3,334
Amounts owed to group undertakings and undertakings in which the company has a participating interest	257,738	255,667
Other creditors	2,395	8,143
	_______	_______
	260,133	267,144
	_______	_______

Included in creditors is an amount of £257,738 (2025: £255,667) due to Sign Systems (Scotland) Limited, a wholly owned subsidiary of Shadow Blinds Limited .

9. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	2	2	2	2
	_______	_______	_______	_______

10. Related party transactions

Sign Systems (Scotland) Limited is a wholly owned subsidiary of Shadow Blinds Limited .