Company registration number 01213288 (England and Wales)
STREAMLINE OFFICE SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
STREAMLINE OFFICE SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
STREAMLINE OFFICE SERVICES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
395,689
401,724
Current assets
Stocks
2,500
2,500
Debtors
5
38,359
168,445
Cash at bank and in hand
8,659
49,567
49,518
220,512
Creditors: amounts falling due within one year
6
(186,665)
(344,393)
Net current liabilities
(137,147)
(123,881)
Total assets less current liabilities
258,542
277,843
Creditors: amounts falling due after more than one year
7
(130,571)
(146,427)
Provisions for liabilities
(1,867)
(1,867)
Net assets
126,104
129,549
Capital and reserves
Called up share capital
40
40
Other reserves
9,806
9,806
Capital redemption reserve
50
50
Profit and loss reserves
116,208
119,653
Total equity
126,104
129,549
STREAMLINE OFFICE SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 October 2024 and are signed on its behalf by:
Mr M P Steel
Director
Company Registration No. 01213288
STREAMLINE OFFICE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information
STREAMLINE OFFICE SERVICES LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 18 South Bar, Banbury, Oxon, OX16 9AF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. Revenue from the provision of services is recognised when those services have been performed.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
NIL
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
25% reducing balance
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.
1.4
Impairment of fixed assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered a material impairment loss. If a material impairment loss arises then it is recognised in the profit and loss account.
1.5
Stocks
Stocks are stated at the lower of cost and net realisable value after making due allowance for impairment losses on obsolete and slow moving items. Impairment losses are recognised in profit or loss.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
STREAMLINE OFFICE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was
2024
2023
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
4,818
Amortisation and impairment
At 1 May 2023 and 30 April 2024
4,818
Carrying amount
At 30 April 2024
At 30 April 2023
STREAMLINE OFFICE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
372,006
124,851
496,857
Depreciation and impairment
At 1 May 2023
95,133
95,133
Depreciation charged in the year
6,035
6,035
At 30 April 2024
101,168
101,168
Carrying amount
At 30 April 2024
372,006
23,683
395,689
At 30 April 2023
372,006
29,718
401,724
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
27,099
164,240
Other debtors
11,260
4,205
38,359
168,445
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
29,911
24,734
Trade creditors
87,402
207,693
Corporation tax
58
9,882
Other taxation and social security
3,925
19,407
Other creditors
65,369
82,677
186,665
344,393
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
130,571
146,427