Shakespeare Cast Products Limited,Ltd - AccountsLtd - Accounts

Shakespeare Cast Products Limited,Ltd - AccountsLtd - Accounts

SHAKESPEARE CAST PRODUCTS LIMITED - Company Information

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2021-04-01 12540318 2022-03-31 12540318 2021-04-01 2022-03-31 12540318 2021-03-31 12540318 2020-03-31 2021-03-31 12540318 uk-core:WithinOneYear 2021-03-31 12540318 uk-core:WithinOneYear 2022-03-31 12540318 uk-core:ShareCapital 2022-03-31 12540318 uk-core:ShareCapital 2021-03-31 12540318 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 12540318 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 12540318 uk-bus:Director1 2021-04-01 2022-03-31 12540318 uk-core:PlantMachinery 2021-04-01 2022-03-31 12540318 uk-core:ComputerEquipment 2021-04-01 2022-03-31 12540318 uk-core:MotorCars 2021-04-01 2022-03-31 12540318 uk-core:ComputerEquipment 2021-03-31 12540318 uk-core:MotorCars 2021-03-31 12540318 uk-core:PlantMachinery 2021-03-31 12540318 uk-core:PlantMachinery 2022-03-31 12540318 uk-core:MotorCars 2022-03-31 12540318 uk-core:ComputerEquipment 2022-03-31 12540318 2 uk-bus:Director2 2021-04-01 2022-03-31 12540318 2 uk-bus:Director2 2022-03-31 12540318 2 uk-bus:Director2 2021-03-31 12540318 3 uk-bus:Director1 2021-04-01 2022-03-31 12540318 3 uk-bus:Director1 2022-03-31 12540318 3 uk-bus:Director1 2021-03-31 iso4217:GBP xbrli:pure 12540318 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 12540318 uk-bus:FRS102 2021-04-01 2022-03-31 12540318 uk-bus:FullAccounts 2021-04-01 2022-03-31 12540318 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Shakespeare Cast Products Limited
Registered Number:12540318
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Shakespeare Cast Products Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12540318
As at 31 March 2022
Shakespeare Cast Products Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
34,574
1,801
2
34,574
1,801
Current assets
Inventories
260,650
-
3
Trade and other receivables
534,738
895,385
4
83,817
Cash and cash equivalents
191,805
1,087,190
879,205
Trade and other payables: amounts falling due within one
year
(565,696)
(911,806)
5
313,509
175,384
Net current assets
Total assets less current liabilities
209,958
315,310
(8,644)
-
Provisions for liabilities
201,314
Net assets
315,310
Capital and reserves
Called up share capital
20
20
Retained earnings
201,294
315,290
201,314
315,310
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michael Leslie Stanley Director
These financial statements were approved and authorised for issue by the Board on 19 December 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2022
Shakespeare Cast Products Limited
Notes to the Financial Statements
Statutory Information
Shakespeare Cast Products Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12540318.
Registered address:
98 Moorside North
Fenham
Newcastle upon Tyne
Tyne & Wear
NE4 9DU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
These accounts are for a period greater than one year due to this being the company's first accounting period since
incorporation. The accounting period is one year and one day.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
33.33% Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2022
Shakespeare Cast Products Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2021
2,237
1,637
600
-
36,761
-
6,645
30,116
Additions
-
(600)
-
Disposals
(600)
At 31 March 2022
30,116
6,645
1,637
38,398
Provision for depreciation and impairment
At 01 April 2021
436
311
125
-
Charge for year
3,632
545
327
2,760
(244)
-
(244)
-
On disposal
At 31 March 2022
3,824
856
208
2,760
At 31 March 2022
Net book value
27,356
6,437
781
34,574
At 31 March 2021
-
475
1,326
1,801
3. Inventories
2021
2022
£
£
Stocks
-
260,650
4. Trade and other receivables
2021
2022
£
£
Trade debtors
707,476
424,820
Other debtors
187,909
109,918
534,738
895,385
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
445,859
292,485
Taxation and social security
9,496
95,594
Other creditors
456,451
177,617
911,806
565,696
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6
For the year ended 31 March 2022
Shakespeare Cast Products Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/04/2021
Loaned
Repaid
At 31/03/2022
£
£
£
£
Mr Michael Leslie Stanley
Loan
92,134
29,342
207,211
144,419
92,134
29,342
207,211
144,419
Mr Andrew John Howe
Loan
80,569
12,774
150,206
82,411
80,569
12,774
150,206
82,411
7. Guarantees and other financial commitments
Lease commitments
At 31 March 2022 the company had annual commitments under non-cancellable operating leases as set out below:
2021
£
2022
£
Operating leases which expire:
-
6,000
Within 1 year
-
6,000
8. Average number of persons employed
During the year the average number of employees was 8 (2021 : 8)
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