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Company No: 04752059 (England and Wales)

STREAMCROSS (SOMERSET) LIMITED

Unaudited Financial Statements
For the financial year ended 30 May 2024
Pages for filing with the registrar

STREAMCROSS (SOMERSET) LIMITED

Unaudited Financial Statements

For the financial year ended 30 May 2024

Contents

STREAMCROSS (SOMERSET) LIMITED

BALANCE SHEET

As at 30 May 2024
STREAMCROSS (SOMERSET) LIMITED

BALANCE SHEET (continued)

As at 30 May 2024
Note 30.05.2024 30.05.2023
£ £
Fixed assets
Tangible assets 3 239 604
239 604
Current assets
Debtors
- due within one year 4 29,407 0
- due after more than one year 4 50,000 51,250
Cash at bank and in hand 476 30,161
79,883 81,411
Creditors: amounts falling due within one year 5 ( 1,000) ( 3,099)
Net current assets 78,883 78,312
Total assets less current liabilities 79,122 78,916
Net assets 79,122 78,916
Capital and reserves
Called-up share capital 4 4
Profit and loss account 79,118 78,912
Total shareholders' funds 79,122 78,916

For the financial year ending 30 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Streamcross (Somerset) Limited (registered number: 04752059) were approved and authorised for issue by the Director on 20 April 2025. They were signed on its behalf by:

W J Hiles
Director
STREAMCROSS (SOMERSET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 May 2024
STREAMCROSS (SOMERSET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 May 2024
1. Accounting policies

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.

General information and basis of accounting

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

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

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.

2. Employees

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 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 31 May 2023 1,824 1,824
At 30 May 2024 1,824 1,824
Accumulated depreciation
At 31 May 2023 1,220 1,220
Charge for the financial year 365 365
At 30 May 2024 1,585 1,585
Net book value
At 30 May 2024 239 239
At 30 May 2023 604 604

4. Debtors

30.05.2024 30.05.2023
£ £
Debtors: amounts falling due within one year
Other debtors 29,407 0
Debtors: amounts falling due after more than one year
Other debtors 50,000 51,250

5. Creditors: amounts falling due within one year

30.05.2024 30.05.2023
£ £
Other taxation and social security 0 2,100
Other creditors 1,000 999
1,000 3,099

6. Related party transactions

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.