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REGISTERED NUMBER: 12226451 (England and Wales)


Shakespeare Coffee And Bistro Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 6


Shakespeare Coffee And Bistro Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Mrs H Toprak





REGISTERED OFFICE: 293 Fore Street
Edmonton
London
N9 0PD





REGISTERED NUMBER: 12226451 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Shakespeare Coffee And Bistro Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shakespeare Coffee And Bistro Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Shakespeare Coffee And Bistro Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shakespeare Coffee And Bistro Ltd and state those matters that we have agreed to state to the director of Shakespeare Coffee And Bistro Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shakespeare Coffee And Bistro Ltd and its director for our work or for this report.

It is your duty to ensure that Shakespeare Coffee And Bistro Ltd 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 Shakespeare Coffee And Bistro Ltd. You consider that Shakespeare Coffee And Bistro Ltd 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 Shakespeare Coffee And Bistro Ltd. 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


25 December 2024

Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Statement of Income and
Retained Earnings
for the year ended 31 March 2024

period
1/9/22
year ended to
31/3/24 31/3/23
Notes £    £   

REVENUE 1,488,445 1,021,640

Cost of sales 653,575 444,773
GROSS PROFIT 834,870 576,867

Administrative expenses 512,982 241,067
321,888 335,800

Other operating income 383 633
OPERATING PROFIT 4 322,271 336,433


Interest payable and similar expenses 4,767 3,763
PROFIT BEFORE TAXATION 317,504 332,670

Tax on profit 85,251 81,788
PROFIT FOR THE FINANCIAL YEAR 232,253 250,882

Retained earnings at beginning of year 999,236 748,354

RETAINED EARNINGS AT END OF
YEAR

1,231,489

999,236

Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 117 126
Property, plant and equipment 6 119,346 97,812
119,463 97,938

CURRENT ASSETS
Inventories 18,159 12,464
Debtors 7 1,320,874 412,711
Cash at bank and in hand 120,968 829,871
1,460,001 1,255,046
CREDITORS
Amounts falling due within one year 8 280,705 287,701
NET CURRENT ASSETS 1,179,296 967,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,298,759

1,065,283

CREDITORS
Amounts falling due after more than one
year

9

(12,463

)

(22,463

)

PROVISIONS FOR LIABILITIES 10 (29,807 ) (18,584 )
NET ASSETS 1,256,489 1,024,236

Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Statement of Financial Position - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 25,000 25,000
Retained earnings 12 1,231,489 999,236
SHAREHOLDERS' FUNDS 1,256,489 1,024,236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements were approved by the director and authorised for issue on 25 December 2024 and were signed by:





Mrs H Toprak - Director


Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Shakespeare Coffee And Bistro Ltd 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.


Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Notes to the Financial Statements - continued
for the year ended 31 March 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 statement of financial position 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
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 28 (2023 - 23 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

period
1/9/22
year ended to
31/3/24 31/3/23
£    £   
Depreciation - owned assets 17,610 10,868
Patents and licences amortisation 9 10

Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 191
AMORTISATION
At 1 April 2023 65
Charge for year 9
At 31 March 2024 74
NET BOOK VALUE
At 31 March 2024 117
At 31 March 2023 126

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 17,889 117,000 134,889
Additions 12,654 26,490 39,144
At 31 March 2024 30,543 143,490 174,033
DEPRECIATION
At 1 April 2023 4,317 32,760 37,077
Charge for year 3,888 13,722 17,610
At 31 March 2024 8,205 46,482 54,687
NET BOOK VALUE
At 31 March 2024 22,338 97,008 119,346
At 31 March 2023 13,572 84,240 97,812

Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,251 5,807
Shakespeare Coffee and Bistro
Cockfosters Ltd 244,298 164,067
Capeesh Ltd 55,800 25,800
Kervan Banqueting Limited 120,000 -
Aydemir Holdings Ltd 675,343 -
Inter London Properties Ltd 212,515 212,515
Prepayments 6,667 4,522
1,320,874 412,711

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,037 10,037
Trade creditors 24,969 71,678
Tax 141,029 140,064
Social security and other taxes 4,646 8,744
VAT 56,579 48,456
Pensions control account 645 581
Directors' current accounts 30,000 -
Accrued expenses 12,800 8,141
280,705 287,701

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,037 10,037
Bank loans - 2-5 years 2,426 12,426
12,463 22,463

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 29,807 18,584

Shakespeare Coffee And Bistro Ltd (Registered number: 12226451)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 18,584
Charge to Statement of Income and Retained Earnings during year 11,223
Balance at 31 March 2024 29,807

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary shares class A £1 25,000 25,000

12. RESERVES
Retained
earnings
£   

At 1 April 2023 999,236
Profit for the year 232,253
At 31 March 2024 1,231,489

13. RELATED PARTY DISCLOSURES

Included in creditors is an amount owed to key management personnel at balance sheet date of £ 30,000 ( 2023: £0 ). This is an interest free loan and has no fixed repayment terms.