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REGISTERED NUMBER: 05764597 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SHAKESBEER LIMITED

SHAKESBEER LIMITED (REGISTERED NUMBER: 05764597)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHAKESBEER LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: I T Hayes





SECRETARY: Mrs T Hayes





REGISTERED OFFICE: 2 Spring Grove Street
Huddersfield
West Yorkshire
HD1 4BP





REGISTERED NUMBER: 05764597 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

SHAKESBEER LIMITED (REGISTERED NUMBER: 05764597)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,307 766

CURRENT ASSETS
Stocks 5 6,753 5,170
Debtors 6 10,174 14,192
Cash at bank and in hand 1,905 867
18,832 20,229
CREDITORS
Amounts falling due within one year 7 55,378 46,738
NET CURRENT LIABILITIES (36,546 ) (26,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,239

)

(25,743

)

CREDITORS
Amounts falling due after more than
one year

8

(10,862

)

(21,087

)

PROVISIONS FOR LIABILITIES 9 (438 ) (145 )
NET LIABILITIES (45,539 ) (46,975 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 (45,541 ) (46,977 )
SHAREHOLDERS' FUNDS (45,539 ) (46,975 )

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

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

SHAKESBEER LIMITED (REGISTERED NUMBER: 05764597)

BALANCE SHEET - continued
31 May 2024


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 13 February 2025 and were signed by:





I T Hayes - Director


SHAKESBEER LIMITED (REGISTERED NUMBER: 05764597)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Shakesbeer 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.

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.

The balance sheet shows that liabilities exceed assets, resulting in a deficit of £45,539 (2023 £46,975) The director has confirmed his support, and has indicated he will not withdraw his support for a period of at least twelve months from the date of the approval of the financial statements. The financial statements have therefore been prepared on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Landlords property improvements - over 5 years
Fixtures, fittings and equipment - 20% on reducing balance
Computer equipment - over 3 years

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 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
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.

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.

SHAKESBEER LIMITED (REGISTERED NUMBER: 05764597)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Landlords fittings
property and Computer
improvements equipment equipment Totals
£    £    £    £   
COST
At 1 June 2023 102,233 - 972 103,205
Additions - 903 1,453 2,356
At 31 May 2024 102,233 903 2,425 105,561
DEPRECIATION
At 1 June 2023 102,232 - 207 102,439
Charge for year - 165 650 815
At 31 May 2024 102,232 165 857 103,254
NET BOOK VALUE
At 31 May 2024 1 738 1,568 2,307
At 31 May 2023 1 - 765 766

5. STOCKS
2024 2023
£    £   
Stocks 6,753 5,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,517 6,013
Directors' current accounts 1,074 5,748
Prepayments and accrued income 2,583 2,431
10,174 14,192

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,058 20,345
Trade creditors 16,118 9,431
VAT 8,233 9,869
Other creditors 3,330 1,952
Pensions 115 115
Accrued expenses 3,524 5,026
55,378 46,738

SHAKESBEER LIMITED (REGISTERED NUMBER: 05764597)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,025 10,000
Bank loans - 2-5 years 837 11,087
10,862 21,087

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 438 145

Deferred
tax
£   
Balance at 1 June 2023 145
Charge to Income Statement during year 293
Balance at 31 May 2024 438

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 June 2023 (46,977 )
Profit for the year 1,436
At 31 May 2024 (45,541 )

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
I T Hayes
Balance outstanding at start of year 5,748 7,967
Amounts advanced - 6,181
Amounts repaid (4,674 ) (8,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,074 5,748

During the year the company paid rent of £14,000 (2023 £14,000) to a Partnership, in which the director is a partner. In the opinion of the director this was less than market value.