Company No:
Contents
Note | 30.05.2023 | 31.05.2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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604 | 969 | |||
Current assets | ||||
Debtors | ||||
- due after more than one year | 4 |
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Cash at bank and in hand |
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81,411 | 79,869 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 78,312 | 72,529 | ||
Total assets less current liabilities | 78,916 | 73,498 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholders' funds |
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Director's responsibilities:
The financial statements of Streamcross (Somerset) Limited (registered number:
W J Hiles
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Streamcross (Somerset) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Filers Way, Weston Gateway Business Park, Weston-Super-Mare, United Kingdom, BS24 7JP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The current year period was a period of 11 months and 30 days due to a shortening of the year end therefore comparative figures in the accounts and related notes are not entirely comparable.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Period from 01.06.2022 to 30.05.2023 |
Year ended 31.05.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including the director |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2022 |
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At 30 May 2023 |
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Accumulated depreciation | |||
At 01 June 2022 |
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Charge for the financial period |
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At 30 May 2023 |
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Net book value | |||
At 30 May 2023 |
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At 31 May 2022 |
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30.05.2023 | 31.05.2022 | ||
£ | £ | ||
Debtors: amounts falling due after more than one year | |||
Other debtors |
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30.05.2023 | 31.05.2022 | ||
£ | £ | ||
Other taxation and social security |
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Other creditors |
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The Director's loan account is repayable on demand and interest is charged on overdrawn balance exceed £10,000 at the official HMRC rate.
At 1st June 2022 the balance owed to the director was £4,390. During the year £6,851 was advanced to the director and £2461 was repaid by the director. At 30 May 2023 the balance owed by the director was £nil.
At 1st June 2021 the balance owed to the director was £nil. During the year £41,481 was advanced to the director and £45,871 was repaid by the director. At 31 May 2022 the balance owed to the director was £4,390.