Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC678340 Mr Andrew Fulton Mrs Joanna Fulton Streams (Holdings) Ltd (SC678179) true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC678340 2023-11-30 SC678340 2024-11-30 SC678340 2023-12-01 2024-11-30 SC678340 frs-core:CurrentFinancialInstruments 2024-11-30 SC678340 frs-core:ComputerEquipment 2024-11-30 SC678340 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC678340 frs-core:ComputerEquipment 2023-11-30 SC678340 frs-core:FurnitureFittings 2024-11-30 SC678340 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC678340 frs-core:FurnitureFittings 2023-11-30 SC678340 frs-core:PlantMachinery 2024-11-30 SC678340 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC678340 frs-core:PlantMachinery 2023-11-30 SC678340 frs-core:ShareCapital 2024-11-30 SC678340 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC678340 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC678340 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC678340 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC678340 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC678340 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC678340 1 2023-12-01 2024-11-30 SC678340 frs-bus:Director1 2023-12-01 2024-11-30 SC678340 frs-bus:Director2 2023-12-01 2024-11-30 SC678340 frs-countries:Scotland 2023-12-01 2024-11-30 SC678340 2022-11-30 SC678340 2023-11-30 SC678340 2022-12-01 2023-11-30 SC678340 frs-core:CurrentFinancialInstruments 2023-11-30 SC678340 frs-core:ShareCapital 2023-11-30 SC678340 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC678340
Streams Valeting Ltd
Financial Statements
For The Year Ended 30 November 2024
Hawthorn Tax
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC678340
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,039 7,879
6,039 7,879
CURRENT ASSETS
Cash at bank and in hand 99 975
99 975
Creditors: Amounts Falling Due Within One Year 5 (29,815 ) (30,428 )
NET CURRENT ASSETS (LIABILITIES) (29,716 ) (29,453 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,677 ) (21,574 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,028 ) (1,028 )
NET LIABILITIES (24,705 ) (22,602 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (24,805 ) (22,702 )
SHAREHOLDERS' FUNDS (24,705) (22,602)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Fulton
Director
30/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Streams Valeting Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC678340 . The registered office is 215 Burnfield Road, Giffnock, Glasgow, G46 7TW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 15% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 3)
- 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 7,981 3,688 600 12,269
As at 30 November 2024 7,981 3,688 600 12,269
Depreciation
As at 1 December 2023 2,781 1,366 243 4,390
Provided during the period 1,197 553 90 1,840
As at 30 November 2024 3,978 1,919 333 6,230
Net Book Value
As at 30 November 2024 4,003 1,769 267 6,039
As at 1 December 2023 5,200 2,322 357 7,879
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 29,282 29,895
Other creditors 533 533
29,815 30,428
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
At the balance sheet date, the Company owed its Directors a total of £533 (2023: £533).
8. Ultimate Controlling Party
The company's ultimate controlling party is Streams (Holdings) Ltd (SC678179) by virtue of his ownership of 100% of the issued share capital in the company.
Page 3