Company Registration No. SC678340 (Scotland)
Streams Valeting Ltd
Unaudited accounts
for the year ended 30 November 2022
Streams Valeting Ltd
Unaudited accounts
Contents
Streams Valeting Ltd
Company Information
for the year ended 30 November 2022
Directors
Andrew Fulton
Joanna Fulton
Company Number
SC678340 (Scotland)
Registered Office
215 Burnfield Road
Giffnock
Glasgow
Lanarkshire
G46 7TW
Accountants
Hawthorn Tax
4 Newton Place
Glasgow
G3 7PR
Streams Valeting Ltd
Statement of financial position
as at 30 November 2022
Tangible assets
9,270
6,571
Cash at bank and in hand
478
6,385
Creditors: amounts falling due within one year
(722)
(349)
Net current (liabilities)/assets
(244)
6,036
Total assets less current liabilities
9,026
12,607
Creditors: amounts falling due after more than one year
(13,428)
(11,478)
Provisions for liabilities
Deferred tax
(1,028)
(1,248)
Net liabilities
(5,430)
(119)
Called up share capital
100
100
Profit and loss account
(5,530)
(219)
Shareholders' funds
(5,430)
(119)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by
Andrew Fulton
Director
Company Registration No. SC678340
Streams Valeting Ltd
Notes to the Accounts
for the year ended 30 November 2022
Streams Valeting Ltd is a private company, limited by shares, registered in Scotland, registration number SC678340. The registered office is 215 Burnfield Road, Giffnock, Glasgow, Lanarkshire, G46 7TW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Fixtures & fittings
15% straight line
Computer equipment
15% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2021
4,442
2,688
600
7,730
Additions
3,539
1,000
-
4,539
At 30 November 2022
7,981
3,688
600
12,269
At 1 December 2021
666
403
90
1,159
Charge for the year
1,197
553
90
1,840
At 30 November 2022
1,863
956
180
2,999
At 30 November 2022
6,118
2,732
420
9,270
At 30 November 2021
3,776
2,285
510
6,571
Streams Valeting Ltd
Notes to the Accounts
for the year ended 30 November 2022
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
-
253
6
Creditors: amounts falling due after more than one year
2022
2021
Amounts owed to group undertakings and other participating interests
12,895
10,945
Loans from directors
533
533
7
Transactions with related parties
At the balance sheet date, the company owed its Directors a total of £533
This company is a 100% subsidiary of Streams (Holdings) Ltd (SC678179), a company incorporated in Scotland and registered at 215 Burnfield Road, Giffnock, Glasgow, G46 7TW. Streams (Holdings) Ltd is controlled by Andrew Fulton and Joanna Fulton, directors of the company.
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Average number of employees
During the year the average number of employees was 3 (2021: 3).