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REGISTERED NUMBER: 12247371 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

Shakespear (Nw) Limited

Shakespear (Nw) Limited (Registered number: 12247371)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Shakespear (Nw) Limited

Company Information
for the Year Ended 31st October 2024







DIRECTOR: Mr P Rezaee





REGISTERED OFFICE: 20 Bagot Street
Liverpool
L15 0HT





REGISTERED NUMBER: 12247371 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services
122 Wrottesley Road
Tettenhall
Wolverhampton
WV6 8UR

Shakespear (Nw) Limited (Registered number: 12247371)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,000 60,000
Tangible assets 5 3,562 8,126
55,562 68,126

CURRENT ASSETS
Debtors 6 7,801 7,801
Cash at bank and in hand 85 610
7,886 8,411
CREDITORS
Amounts falling due within one year 7 47,989 47,953
NET CURRENT LIABILITIES (40,103 ) (39,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,459

28,584

CREDITORS
Amounts falling due after more than
one year

8

32,778

32,778
NET LIABILITIES (17,319 ) (4,194 )

Shakespear (Nw) Limited (Registered number: 12247371)

Balance Sheet - continued
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,419 ) (4,294 )
SHAREHOLDERS' FUNDS (17,319 ) (4,194 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 5th November 2024 and were signed by:





Mr P Rezaee - Director


Shakespear (Nw) Limited (Registered number: 12247371)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Shakespear (Nw) 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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.


Shakespear (Nw) Limited (Registered number: 12247371)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 80,000
AMORTISATION
At 1st November 2023 20,000
Amortisation for year 8,000
At 31st October 2024 28,000
NET BOOK VALUE
At 31st October 2024 52,000
At 31st October 2023 60,000

Shakespear (Nw) Limited (Registered number: 12247371)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2023
and 31st October 2024 20,895 2,223 23,118
DEPRECIATION
At 1st November 2023 13,109 1,883 14,992
Charge for year 4,224 340 4,564
At 31st October 2024 17,333 2,223 19,556
NET BOOK VALUE
At 31st October 2024 3,562 - 3,562
At 31st October 2023 7,786 340 8,126

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Prepayments 7,801 7,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 9)
10,000

10,000
Trade creditors 1 -
Tax - 4,075
Social security and other taxes 3,888 3,678
Directors' current accounts 32,050 28,500
Accrued expenses 2,050 1,700
47,989 47,953

Shakespear (Nw) Limited (Registered number: 12247371)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 9) 32,778 32,778

9. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,778 22,778