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STREAM DIGITAL LTD

Registered Number
SC630052
(Scotland)

Unaudited Financial Statements for the Year ended
31 May 2024

STREAM DIGITAL LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

ANIELLO, Paul

Registered Address

3 Rennie Square
Brucefield Industrial Estate
Livingston
EH54 9DF

Registered Number

SC630052 (Scotland)
STREAM DIGITAL LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid100100
Fixed assets
Tangible assets4257,989319,978
257,989319,978
Current assets
Debtors5358,314389,853
Cash at bank and on hand58,068167,576
416,382557,429
Creditors amounts falling due within one year6(343,344)(361,296)
Net current assets (liabilities)73,138196,233
Total assets less current liabilities331,127516,211
Creditors amounts falling due after one year7(10,000)(20,000)
Provisions for liabilities8(29,835)(39,664)
Net assets291,292456,547
Capital and reserves
Called up share capital100100
Profit and loss account291,192456,447
Shareholders' funds291,292456,547
The financial statements were approved and authorised for issue by the Director on 19 February 2025, and are signed on its behalf by:
ANIELLO, Paul
Director
Registered Company No. SC630052
STREAM DIGITAL LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment33
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year99
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 23431,493173,16710,080614,740
Additions24,1317,77915,61647,526
At 31 May 24455,624180,94625,696662,266
Depreciation and impairment
At 01 June 23217,65868,7108,394294,762
Charge for year59,49143,7366,288109,515
At 31 May 24277,149112,44614,682404,277
Net book value
At 31 May 24178,47568,50011,014257,989
At 31 May 23213,835104,4571,686319,978
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables90,08171,862
Other debtors219,126270,578
Prepayments and accrued income49,10747,413
Total358,314389,853
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables213,318204,109
Bank borrowings and overdrafts10,26810,080
Taxation and social security2,5012,857
Other creditors115,357142,351
Accrued liabilities and deferred income1,9001,899
Total343,344361,296
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,00020,000
Total10,00020,000
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)29,83539,664
Total29,83539,664
9.Related party transactions
At the year ended 31 May 2024, there was an Intercompany Loan due from Sportsmedia GB Ltd for the amount of £29,502 (2023: £29,502) This company is owned by the Director P Aniello. There was an intercompany loan due from tartan Bridge Films for £189,211 (2023: 227,476), a company owned by P Aniello. There was an intercompany loan due from Fantasy Sports Ltd of £400 (2023: £200), a company owned by P Aniello. There was an intercompany loan due from Aniello Holdings Ltd of £13 (2023: £14,400), a company owned by P Aniello. During the year to May 2024, Aniello Holdings Ltd, a company owned by Paul Aniello, provided consultancy services to the value of £72,000.