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REGISTERED NUMBER: 10996435 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Shakesphere Products Limited

Shakesphere Products Limited (Registered number: 10996435)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Shakesphere Products Limited (Registered number: 10996435)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,813 8,859
Tangible assets 5 26,728 39,988
33,541 48,847

CURRENT ASSETS
Stocks 551,501 683,178
Debtors 6 460,719 533,366
Cash at bank - 51,868
1,012,220 1,268,412
CREDITORS
Amounts falling due within one year 7 182,203 400,304
NET CURRENT ASSETS 830,017 868,108
TOTAL ASSETS LESS CURRENT LIABILITIES 863,558 916,955

CREDITORS
Amounts falling due after more than one year 8 (70,000 ) (135,534 )

PROVISIONS FOR LIABILITIES (355 ) (1,838 )
NET ASSETS 793,203 779,583

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 74,970 74,970
Retained earnings 718,133 704,513
SHAREHOLDERS' FUNDS 793,203 779,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Shakesphere Products Limited (Registered number: 10996435)

Balance Sheet - continued
31 October 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr R Beardsell - Director


Shakesphere Products Limited (Registered number: 10996435)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Shakesphere Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10996435

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


Shakesphere Products Limited (Registered number: 10996435)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 7,619 18,634 26,253
AMORTISATION
At 1 November 2022 762 16,632 17,394
Amortisation for year 762 1,284 2,046
At 31 October 2023 1,524 17,916 19,440
NET BOOK VALUE
At 31 October 2023 6,095 718 6,813
At 31 October 2022 6,857 2,002 8,859

Shakesphere Products Limited (Registered number: 10996435)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 10,096 72,044 15,028 97,168
Additions 11,756 - 1,499 13,255
At 31 October 2023 21,852 72,044 16,527 110,423
DEPRECIATION
At 1 November 2022 6,710 44,683 5,787 57,180
Charge for year 4,371 18,012 4,132 26,515
At 31 October 2023 11,081 62,695 9,919 83,695
NET BOOK VALUE
At 31 October 2023 10,771 9,349 6,608 26,728
At 31 October 2022 3,386 27,361 9,241 39,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 72,044
DEPRECIATION
At 1 November 2022 44,683
Charge for year 18,012
At 31 October 2023 62,695
NET BOOK VALUE
At 31 October 2023 9,349
At 31 October 2022 27,361

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 140,661 236,831
Amounts owed by group undertakings 310,344 290,435
Other debtors 9,714 6,100
460,719 533,366

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,209 26,667
Hire purchase contracts 38,867 7,700
Trade creditors 104,187 350,082
Taxation and social security (1,965 ) (1,922 )
Other creditors 12,905 17,777
182,203 400,304

Shakesphere Products Limited (Registered number: 10996435)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 70,000 96,667
Hire purchase contracts - 38,867
70,000 135,534

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 38,867 46,567

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Beardsell Holdings Limited.