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REGISTERED NUMBER: 13840161 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024


FOR



EXSTREAM MEDIA LTD



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





EXSTREAM MEDIA LTD



COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2024









DIRECTORS:

J Duffill


M Hunter







REGISTERED OFFICE:

24 St Cuthberts Way


Darlington


DL1 1GB







REGISTERED NUMBER:

13840161 (England and Wales)







ACCOUNTANTS:

CP Waites


Chartered Accountants


24 St Cuthberts Way


Darlington


DL1 1GB



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



BALANCE SHEET

31 JANUARY 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

64,348


65,089




CURRENT ASSETS

Debtors

5

8,751


9,178



Cash at bank

186,501


148,051



195,252


157,229



CREDITORS

Amounts falling due within one year

6

212,135


176,577



NET CURRENT LIABILITIES

(16,883

)

(19,348

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

47,465


45,741




CREDITORS

Amounts falling due after more than one

year

7

(13,500

)

(19,500

)



PROVISIONS FOR LIABILITIES

9

(16,100

)

(6,400

)


NET ASSETS

17,865


19,841




CAPITAL AND RESERVES

Called up share capital

10

2


2



Retained earnings

17,863


19,839



SHAREHOLDERS' FUNDS

17,865


19,841




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their 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.



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



BALANCE SHEET - continued

31 JANUARY 2024



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 Statement of Income and Retained Earnings has not been delivered.  


The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:






J Duffill - Director




EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024


1.

STATUTORY INFORMATION



Exstream Media 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 represents net invoiced sales of services, excluding value added tax.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.  


Equipment

-

20% on cost


Motor vehicles

-

25% on reducing balance



Taxation

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


Hire purchase


Assets obtained under hire purchase are capitalised in the balance sheet and are depreciated over their estimated useful lives or the lease term, whichever is the shorter.



The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2023 - 2 ) .



EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2024


4.

TANGIBLE FIXED ASSETS


Motor



Equipment


vehicles


Totals

£   

£   

£   



COST


At 1 February 2023

35,173


32,999


68,172




Additions

16,978


-


16,978




Disposals

(233

)

-


(233

)



At 31 January 2024

51,918


32,999


84,917




DEPRECIATION


At 1 February 2023

3,083


-


3,083




Charge for year

9,283


8,250


17,533




Eliminated on disposal

(47

)

-


(47

)



At 31 January 2024

12,319


8,250


20,569




NET BOOK VALUE


At 31 January 2024

39,599


24,749


64,348




At 31 January 2023

32,090


32,999


65,089





Fixed assets, included in the above, which are held under hire purchase contracts are as follows:


Motor


vehicles

£   



COST


At 1 February 2023


and 31 January 2024

32,999




DEPRECIATION


Charge for year

8,250




At 31 January 2024

8,250




NET BOOK VALUE


At 31 January 2024

24,749




At 31 January 2023

32,999




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

2,575


-




Prepayments and accrued income

4,876


9,178




Social security and other taxes

1,300


-



8,751


9,178





EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2024


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Hire purchase

6,000


5,499




Trade creditors

2,727


4,702




Corporation tax

10,090


-




Social security and other taxes

25,683


11,031




Directors' current accounts

4,337


19,772




Accruals and deferred income

163,298


135,573



212,135


176,577




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2024

2023


£   

£   



Hire purchase

13,500


19,500




8.

SECURED DEBTS



The following secured debts are included within creditors:


2024

2023


£   

£   



Hire purchase

19,500


24,999





The hire purchase liability is secured on the asset to which it relates.


9.

PROVISIONS FOR LIABILITIES

2024

2023


£   

£   



Deferred tax

16,100


6,400





Deferred



tax


£   



Balance at 1 February 2023

6,400




Movement

9,700




Balance at 31 January 2024

16,100




The deferred tax provision relates to accelerated capital allowances.

10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



2

Ordinary

£1

2


2





EXSTREAM MEDIA LTD (REGISTERED NUMBER: 13840161)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2024


11.

RELATED PARTY DISCLOSURES



During the year dividends of £32,500 (2023 - £8,000) were paid to J Duffill and £32,500 (2023 - £8,000) were paid to M Hunter