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REGISTERED NUMBER: 06229310 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STREAM NETWORKS LIMITED

STREAM NETWORKS LIMITED (REGISTERED NUMBER: 06229310)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STREAM NETWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr M J Shanahan
Mrs G K Shanahan
Mrs L Keen
Mr C Dobner
Mr J Atcheson





SECRETARY: Mrs G K Shanahan





REGISTERED OFFICE: Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL





REGISTERED NUMBER: 06229310 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

STREAM NETWORKS LIMITED (REGISTERED NUMBER: 06229310)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,809 87,279

CURRENT ASSETS
Stocks 5 21,035 21,035
Debtors 6 443,616 508,765
Cash at bank and in hand 691,029 479,567
1,155,680 1,009,367
CREDITORS
Amounts falling due within one year 7 658,406 663,670
NET CURRENT ASSETS 497,274 345,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,083

432,976

CREDITORS
Amounts falling due after more than one
year

8

(30,436

)

(30,338

)

PROVISIONS FOR LIABILITIES 10 (23,702 ) (17,618 )
NET ASSETS 537,945 385,020

CAPITAL AND RESERVES
Called up share capital 11 1,103 1,103
Retained earnings 536,842 383,917
SHAREHOLDERS' FUNDS 537,945 385,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

STREAM NETWORKS LIMITED (REGISTERED NUMBER: 06229310)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:




Mr M J Shanahan - Director



Mrs G K Shanahan - Director


STREAM NETWORKS LIMITED (REGISTERED NUMBER: 06229310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Stream Networks Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 services provided in the period, excluding value added tax. Advanced billing of services for future periods is excluded.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - at varying rates on cost

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 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.

STREAM NETWORKS LIMITED (REGISTERED NUMBER: 06229310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 7,576 42,460 503,009 553,045
Additions - - 66,117 66,117
At 30 April 2024 7,576 42,460 569,126 619,162
DEPRECIATION
At 1 May 2023 7,223 2,465 456,078 465,766
Charge for year 303 9,999 48,285 58,587
At 30 April 2024 7,526 12,464 504,363 524,353
NET BOOK VALUE
At 30 April 2024 50 29,996 64,763 94,809
At 30 April 2023 353 39,995 46,931 87,279

STREAM NETWORKS LIMITED (REGISTERED NUMBER: 06229310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 42,460 - 42,460
Additions - 38,437 38,437
At 30 April 2024 42,460 38,437 80,897
DEPRECIATION
At 1 May 2023 2,465 - 2,465
Charge for year 9,999 9,609 19,608
At 30 April 2024 12,464 9,609 22,073
NET BOOK VALUE
At 30 April 2024 29,996 28,828 58,824
At 30 April 2023 39,995 - 39,995

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 21,035 21,035

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 380,593 460,024
Other debtors 27,200 28,571
Tax 13,400 -
Prepayments 22,423 20,170
443,616 508,765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 24,522 10,236
Trade creditors 227,314 238,592
Tax 88,907 59,626
Social security and other taxes 1,195 6,383
Pension 5,120 2,803
VAT 65,806 65,927
Other creditors 720 -
Directors' loan accounts 19 19
Hosting fees rec'd in advance 238,747 270,786
Accrued expenses 6,056 9,298
658,406 663,670

STREAM NETWORKS LIMITED (REGISTERED NUMBER: 06229310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 30,436 30,338

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 54,958 40,574

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 23,702 17,618

Deferred
tax
£   
Balance at 1 May 2023 17,618
Provided during year 6,084
Balance at 30 April 2024 23,702

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary B 10p 100 100
3 Ordinary C £1 3 3
1,103 1,103