Shakespeare Forgings Limited Filleted accounts for Companies House (small and micro)

STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS

All of the members of Shakespeare Forgings Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 04307044

SHAKESPEARE FORGINGS LIMITED

FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

SHAKESPEARE FORGINGS LIMITED

REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF SHAKESPEARE FORGINGS LIMITED

YEAR ENDED 31 MARCH 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Shakespeare Forgings Limited for the year ended 31 March 2026, which comprise the abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors

Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN

16 July 2026

SHAKESPEARE FORGINGS LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		509,579		552,685

Current assets

Stocks	321,598	197,002
Debtors	468,452	1,651,777
Cash at bank and in hand	25,318	77,567
	------------	--------------
	815,368	1,926,346

Creditors: amounts falling due within one year	1,503,182		1,387,486
	--------------		--------------
Net current (liabilities)/assets		( 687,814)		538,860
		------------		--------------
Total assets less current liabilities		( 178,235)		1,091,545

Creditors: amounts falling due after more than one year	8,333	58,333
	------------	--------------
Net (liabilities)/assets	( 186,568)	1,033,212
	------------	--------------

Capital and reserves

Called up share capital	650,000	650,000
Share premium account	66,000	66,000
Profit and loss account	( 902,568)	317,212
	------------	--------------
Shareholders (deficit)/funds	( 186,568)	1,033,212
	------------	--------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

SHAKESPEARE FORGINGS LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 16 July 2026 , and are signed on behalf of the board by:

A R Lloyd

Director

Company registration number: 04307044

SHAKESPEARE FORGINGS LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Portersfield Road, Cradley Heath, West Midlands, B64 7BN.

2. Statement of Compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The member's attention is drawn to the deficit in shareholder funds showing on the Statement of Financial Position. The company's accounts have been prepared on the going concern basis, with the directors monitoring the ongoing situation accordingly.

Defined pension contributions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the company has transferred the significant risks and rewards of ownership to the buyer; - the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Assets and liabilities in foreign currencies will be translated into sterling at the rates of exchange at the balance sheet date. Previously the company valued assets and liabilities in foreign currencies at historical cost. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Realised and unrealised exchange differences are taken into account in arriving at the operating profit.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	5% straight line
Plant and machinery	-	10% straight line
Fixtures and fittings	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 5 ).

5. Tangible Assets

	£
Cost
At 1 April 2025 and 31 March 2026	1,578,812
	--------------
Depreciation
At 1 April 2025	1,026,127
Charge for the year	43,106
	--------------
At 31 March 2026	1,069,233
	--------------
Carrying amount
At 31 March 2026	509,579
	--------------
At 31 March 2025	552,685
	--------------

6. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	10,000	10,000
Later than 1 year and not later than 5 years	40,000	40,000
Later than 5 years	60,000	70,000
	------------	------------
	110,000	120,000
	------------	------------

7. Related Party Transactions

During the year the company purchased £454,707 (2025: £813,633) from R B Forgings (P) Limited. At the balance sheet date there was a trade creditor due of £141,850 (2025: £72,424). During the year the company purchased £315,662 (2025: £360,611) from R B Gears Limited, a company under common control. At the balance sheet date there was a trade creditor due of £209,938 (2025: £167,221). All transactions were undertaken on normal commercial terms. At the balance sheet date the company had guaranteed liabilities in relation certain specific suppliers to R B Forging (UK) Limited, company under common control. R B Forging (UK) Limited is currently in administration and the liabilities have still to be quantified.

8. Controlling Party

The company was under the control of the board of directors of R B Forgings (P) Limited, its parent company.

9. Parent Undertaking

The company's parent company is R B Forgings (P) Limited, a company registered in India.