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REGISTERED NUMBER: 08326986 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SHAKESPEARE STUDLEY LIMITED

SHAKESPEARE STUDLEY LIMITED (REGISTERED NUMBER: 08326986)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHAKESPEARE STUDLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: K B Winfield
P J Winfield





REGISTERED OFFICE: c/o Philip Barnes & Co
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 08326986 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

SHAKESPEARE STUDLEY LIMITED (REGISTERED NUMBER: 08326986)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250,757 259,879

CURRENT ASSETS
Stocks 5,123 4,034
Debtors 5 2,077 4,337
Cash at bank and in hand 86,340 19,399
93,540 27,770
CREDITORS
Amounts falling due within one year 6 37,226 22,101
NET CURRENT ASSETS 56,314 5,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,071

265,548

PROVISIONS FOR LIABILITIES 12,450 10,191
NET ASSETS 294,621 255,357

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 294,521 255,257
SHAREHOLDERS' FUNDS 294,621 255,357

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.

SHAKESPEARE STUDLEY LIMITED (REGISTERED NUMBER: 08326986)

BALANCE SHEET - continued
30 JUNE 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





K B Winfield - Director


SHAKESPEARE STUDLEY LIMITED (REGISTERED NUMBER: 08326986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Shakespeare Studley 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents net sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - straight line over estimated useful life
Plant and machinery - 20% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - 33% 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 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.

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

The average number of employees during the year was 4 (2023 - 4 ) .

SHAKESPEARE STUDLEY LIMITED (REGISTERED NUMBER: 08326986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 216,402 8,600 2,290
Additions - 6,400 -
At 30 June 2024 216,402 15,000 2,290
DEPRECIATION
At 1 July 2023 21,859 - 1,821
Charge for year 2,186 - 94
At 30 June 2024 24,045 - 1,915
NET BOOK VALUE
At 30 June 2024 192,357 15,000 375
At 30 June 2023 194,543 8,600 469

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 18,039 60,800 3,781 309,912
Additions - - 375 6,775
At 30 June 2024 18,039 60,800 4,156 316,687
DEPRECIATION
At 1 July 2023 12,550 10,619 3,184 50,033
Charge for year 824 12,545 248 15,897
At 30 June 2024 13,374 23,164 3,432 65,930
NET BOOK VALUE
At 30 June 2024 4,665 37,636 724 250,757
At 30 June 2023 5,489 50,181 597 259,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,077 4,337

SHAKESPEARE STUDLEY LIMITED (REGISTERED NUMBER: 08326986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,541 6,336
Taxation and social security 21,318 3,238
Other creditors 13,367 12,527
37,226 22,101

7. RELATED PARTY DISCLOSURES

Transactions with key management personnel;

20242023
££
Amount due to related party8,6247,086