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REGISTERED NUMBER: 13840161 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 11 JANUARY 2022 TO 31 JANUARY 2023


FOR



EXSTREAM MEDIA LTD



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 11 JANUARY 2022 TO 31 JANUARY 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





EXSTREAM MEDIA LTD



COMPANY INFORMATION

FOR THE PERIOD 11 JANUARY 2022 TO 31 JANUARY 2023









DIRECTORS:

J Duffill


M Hunter







REGISTERED OFFICE:

24 St Cuthberts Way


Darlington


DL1 1GB







REGISTERED NUMBER:

13840161 (England and Wales)







ACCOUNTANTS:

CP Waites


Chartered Accountants


24 St Cuthberts Way


Darlington


DL1 1GB



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



BALANCE SHEET

31 JANUARY 2023



Notes

£   

£   



FIXED ASSETS


Tangible assets

4

65,089





CURRENT ASSETS


Debtors

5

9,178





Cash at bank

148,051




157,229




CREDITORS


Amounts falling due within one year

6

176,577




NET CURRENT LIABILITIES

(19,348

)



TOTAL ASSETS LESS CURRENT

LIABILITIES

45,741





CREDITORS


Amounts falling due after more than one

year

7

(19,500

)




PROVISIONS FOR LIABILITIES

9

(6,400

)



NET ASSETS

19,841





CAPITAL AND RESERVES


Called up share capital

10

2




Retained earnings

19,839




SHAREHOLDERS' FUNDS

19,841




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.  


The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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.



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



BALANCE SHEET - continued

31 JANUARY 2023



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 10 October 2023 and were signed on its behalf by:






J Duffill - Director




EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 11 JANUARY 2022 TO 31 JANUARY 2023


1.

STATUTORY INFORMATION



Exstream Media Ltd 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 represents net invoiced sales of services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.  


Equipment

-

20% on cost


Motor vehicles

-

25% on reducing balance



Taxation

Taxation for the period 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.


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 period 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.


Hire purchase and leasing commitments


Assets obtained under hire purchase are capitalised in the balance sheet and are depreciated over their estimated useful lives or the lease term, whichever is the shorter.



The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.



Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the period was 2 .



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 11 JANUARY 2022 TO 31 JANUARY 2023


4.

TANGIBLE FIXED ASSETS


Motor



Equipment


vehicles


Totals

£   

£   

£   



COST


Additions

35,173


32,999


68,172




At 31 January 2023

35,173


32,999


68,172




DEPRECIATION


Charge for period

3,083


-


3,083




At 31 January 2023

3,083


-


3,083




NET BOOK VALUE


At 31 January 2023

32,090


32,999


65,089




The motor vehicle has not been depreciated as it was acquired at the year end.


Fixed assets, included in the above, which are held under hire purchase contracts are as follows:


Motor


vehicles

£   



COST


Additions

32,999




At 31 January 2023

32,999




NET BOOK VALUE


At 31 January 2023

32,999




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


£   



Prepayments and accrued income

9,178




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


£   



Hire purchase

5,499




Trade creditors

4,702




Social security and other taxes

11,031




Directors' current accounts

19,772




Accruals and deferred income

135,573



176,577




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


£   



Hire purchase

19,500





EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 11 JANUARY 2022 TO 31 JANUARY 2023


8.

SECURED DEBTS



The following secured debts are included within creditors:


£   



Hire purchase

24,999





The hire purchase liability is secured on the asset to which it relates.


9.

PROVISIONS FOR LIABILITIES

£   



Deferred tax

6,400





Deferred



tax


£   



Movement

6,400




Balance at 31 January 2023

6,400




The deferred tax provision relates to accelerated capital allowances.

10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal


value:

£   



2

Ordinary

£1

2




2 ordinary shares of £1 each were allotted at par on incorporation of the company.