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REGISTERED NUMBER: 09658841 (England and Wales)















Shakespeare Distillery Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Shakespeare Distillery Limited (Registered number: 09658841)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Shakespeare Distillery Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr S Picken
Mr P D Monks





REGISTERED OFFICE: 13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 09658841 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Shakespeare Distillery Limited (Registered number: 09658841)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,386 193,656

CURRENT ASSETS
Stocks 91,206 94,063
Debtors 5 26,848 27,166
Cash at bank 108,217 142,015
226,271 263,244
CREDITORS
Amounts falling due within one year 6 240,703 265,657
NET CURRENT LIABILITIES (14,432 ) (2,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,954

191,243

CREDITORS
Amounts falling due after more than
one year

7

(9,363

)

(19,165

)

PROVISIONS FOR LIABILITIES (28,164 ) (33,511 )
NET ASSETS 110,427 138,567

Shakespeare Distillery Limited (Registered number: 09658841)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 110,327 138,467
SHAREHOLDERS' FUNDS 110,427 138,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:




Mr S Picken - Director



Mr P D Monks - Director


Shakespeare Distillery Limited (Registered number: 09658841)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Shakespeare Distillery 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.

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.
Leasehold Improvements - 10% on cost
Plant and machinery - 2 - 10 years straight-line
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 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 balance sheet date.


Shakespeare Distillery Limited (Registered number: 09658841)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
Improvements machinery fittings
£    £    £   
COST
At 1 July 2023 96,876 190,047 8,040
Additions - 2,741 -
Disposals - - -
At 30 June 2024 96,876 192,788 8,040
DEPRECIATION
At 1 July 2023 36,004 101,980 799
Charge for year 9,687 17,825 804
Eliminated on disposal - - -
At 30 June 2024 45,691 119,805 1,603
NET BOOK VALUE
At 30 June 2024 51,185 72,983 6,437
At 30 June 2023 60,872 88,067 7,241

Shakespeare Distillery Limited (Registered number: 09658841)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 35,785 16,260 347,008
Additions - 2,872 5,613
Disposals - (1,248 ) (1,248 )
At 30 June 2024 35,785 17,884 351,373
DEPRECIATION
At 1 July 2023 5,964 8,605 153,352
Charge for year 5,964 2,307 36,587
Eliminated on disposal - (952 ) (952 )
At 30 June 2024 11,928 9,960 188,987
NET BOOK VALUE
At 30 June 2024 23,857 7,924 162,386
At 30 June 2023 29,821 7,655 193,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,246 11,500
Other debtors 7,602 15,666
26,848 27,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,339 13,750
Trade creditors 17,230 62,467
Taxation and social security 43,106 32,903
Other creditors 170,028 156,537
240,703 265,657

Shakespeare Distillery Limited (Registered number: 09658841)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,363 19,165

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 42,266 42,266
Between one and five years 196,528 196,528
In more than five years 98,342 140,608
337,136 379,402