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REGISTERED NUMBER: 13715000 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Streamlines Aero Ltd

Streamlines Aero Ltd (Registered number: 13715000)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Streamlines Aero Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: J Buckley





REGISTERED OFFICE: 62 Temple Road,
Oxford
Oxfordshire
OX4 2HB





REGISTERED NUMBER: 13715000 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Streamlines Aero Ltd (Registered number: 13715000)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,156 5,310

CURRENT ASSETS
Stocks 9,800 -
Debtors 5 58,906 29,648
Cash at bank 3,167 21,187
71,873 50,835
CREDITORS
Amounts falling due within one year 6 223,128 111,988
NET CURRENT LIABILITIES (151,255 ) (61,153 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(147,099

)

(55,843

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (147,199 ) (55,943 )
SHAREHOLDERS' FUNDS (147,099 ) (55,843 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





J Buckley - Director


Streamlines Aero Ltd (Registered number: 13715000)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Streamlines Aero 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

Streamlines Aero Ltd (Registered number: 13715000)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 3,875 1,740 5,615
Additions - 225 225
At 30 November 2023 3,875 1,965 5,840
DEPRECIATION
At 1 December 2022 239 66 305
Charge for year 909 470 1,379
At 30 November 2023 1,148 536 1,684
NET BOOK VALUE
At 30 November 2023 2,727 1,429 4,156
At 30 November 2022 3,636 1,674 5,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 51,403 -
VAT 3,215 4,299
Deferred tax asset - 22,558
Prepayments 4,288 2,791
58,906 29,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 15,910 20,477
Social security and other taxes 10,618 1,248
Directors' current accounts 195,800 88,800
Accrued expenses 800 1,463
223,128 111,988

7. ULTIMATE CONTROLLING PARTY

The controlling party is J Buckley.