Company No:
Contents
Note | 30.05.2024 | 30.05.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
239 | 604 | |||
Current assets | ||||
Debtors | ||||
- due within one year | 4 |
|
|
|
- due after more than one year | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
79,883 | 81,411 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current assets | 78,883 | 78,312 | ||
Total assets less current liabilities | 79,122 | 78,916 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Director's responsibilities:
The financial statements of Streamcross (Somerset) Limited (registered number:
W J Hiles
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Streamcross (Somerset) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Office equipment |
|
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.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Year ended 30.05.2024 |
Period from 01.06.2022 to 30.05.2023 |
||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Office equipment | Total | ||
£ | £ | ||
Cost | |||
At 31 May 2023 |
|
|
|
At 30 May 2024 |
|
|
|
Accumulated depreciation | |||
At 31 May 2023 |
|
|
|
Charge for the financial year |
|
|
|
At 30 May 2024 |
|
|
|
Net book value | |||
At 30 May 2024 |
|
|
|
At 30 May 2023 |
|
|
30.05.2024 | 30.05.2023 | ||
£ | £ | ||
Debtors: amounts falling due within one year | |||
Other debtors |
|
|
|
Debtors: amounts falling due after more than one year | |||
Other debtors |
|
|
30.05.2024 | 30.05.2023 | ||
£ | £ | ||
Other taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
Other related party transactions
The director's loan account is repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 June 2023 the balance owed from the director was £nil. During the year, the company made advances to the director amounting to £31,292 and received repayments of £1,885 leaving a balance due from the director of £29,407.
At 1 June 2022 the balance owed from the director was £nil. During the year, the company made advances to the director amounting to £2,461 and received repayments of £2,461 leaving a balance due from the director of £nil.