Silverfin false 30/05/2023 01/06/2022 30/05/2023 W J Hiles 02/05/2003 02 April 2024 The principal activity of the Company during the financial year was property advisory services. 04752059 2023-05-30 04752059 bus:Director1 2023-05-30 04752059 2022-05-31 04752059 core:Non-currentFinancialInstruments 2023-05-30 04752059 core:Non-currentFinancialInstruments 2022-05-31 04752059 core:CurrentFinancialInstruments 2023-05-30 04752059 core:CurrentFinancialInstruments 2022-05-31 04752059 core:ShareCapital 2023-05-30 04752059 core:ShareCapital 2022-05-31 04752059 core:RetainedEarningsAccumulatedLosses 2023-05-30 04752059 core:RetainedEarningsAccumulatedLosses 2022-05-31 04752059 core:OtherPropertyPlantEquipment 2022-05-31 04752059 core:OtherPropertyPlantEquipment 2023-05-30 04752059 2022-06-01 2023-05-30 04752059 bus:FullAccounts 2022-06-01 2023-05-30 04752059 bus:SmallEntities 2022-06-01 2023-05-30 04752059 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-30 04752059 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-30 04752059 bus:Director1 2022-06-01 2023-05-30 04752059 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-06-01 2023-05-30 04752059 2021-06-01 2022-05-31 04752059 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-30 iso4217:GBP xbrli:pure

Company No: 04752059 (England and Wales)

STREAMCROSS (SOMERSET) LIMITED

Unaudited Financial Statements
For the financial period from 01 June 2022 to 30 May 2023
Pages for filing with the registrar

STREAMCROSS (SOMERSET) LIMITED

Unaudited Financial Statements

For the financial period from 01 June 2022 to 30 May 2023

Contents

STREAMCROSS (SOMERSET) LIMITED

BALANCE SHEET

As at 30 May 2023
STREAMCROSS (SOMERSET) LIMITED

BALANCE SHEET (continued)

As at 30 May 2023
Note 30.05.2023 31.05.2022
£ £
Fixed assets
Tangible assets 3 604 969
604 969
Current assets
Debtors
- due after more than one year 4 51,250 0
Cash at bank and in hand 30,161 79,869
81,411 79,869
Creditors: amounts falling due within one year 5 ( 3,099) ( 7,340)
Net current assets 78,312 72,529
Total assets less current liabilities 78,916 73,498
Net assets 78,916 73,498
Capital and reserves
Called-up share capital 4 4
Profit and loss account 78,912 73,494
Total shareholders' funds 78,916 73,498

For the financial period ending 30 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Streamcross (Somerset) Limited (registered number: 04752059) were approved and authorised for issue by the Director on 02 April 2024. They were signed on its behalf by:

W J Hiles
Director
STREAMCROSS (SOMERSET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2022 to 30 May 2023
STREAMCROSS (SOMERSET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2022 to 30 May 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Reporting period length

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

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.

2. Employees

Period from
01.06.2022 to
30.05.2023
Year ended
31.05.2022
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2022 1,824 1,824
At 30 May 2023 1,824 1,824
Accumulated depreciation
At 01 June 2022 855 855
Charge for the financial period 365 365
At 30 May 2023 1,220 1,220
Net book value
At 30 May 2023 604 604
At 31 May 2022 969 969

4. Debtors

30.05.2023 31.05.2022
£ £
Debtors: amounts falling due after more than one year
Other debtors 51,250 0

5. Creditors: amounts falling due within one year

30.05.2023 31.05.2022
£ £
Other taxation and social security 2,100 2,100
Other creditors 999 5,240
3,099 7,340

6. Related party transactions

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.