33 36 Brighton and Hove Streamline Limited 03258868 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of a taxi driver's association. Digita Accounts Production Advanced 6.30.9574.0 true false 03258868 2023-11-01 2024-10-31 03258868 2024-10-31 03258868 bus:OrdinaryShareClass1 2024-10-31 03258868 core:RetainedEarningsAccumulatedLosses 2024-10-31 03258868 core:ShareCapital 2024-10-31 03258868 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-10-31 03258868 core:CurrentFinancialInstruments 2024-10-31 03258868 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 03258868 core:Non-currentFinancialInstruments 2024-10-31 03258868 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 03258868 core:BetweenTwoFiveYears 2024-10-31 03258868 core:WithinOneYear 2024-10-31 03258868 core:FurnitureFittings 2024-10-31 03258868 core:MotorVehicles 2024-10-31 03258868 core:OfficeEquipment 2024-10-31 03258868 core:PlantMachinery 2024-10-31 03258868 bus:SmallEntities 2023-11-01 2024-10-31 03258868 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 03258868 bus:FilletedAccounts 2023-11-01 2024-10-31 03258868 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03258868 bus:RegisteredOffice 2023-11-01 2024-10-31 03258868 bus:Chairman 2023-11-01 2024-10-31 03258868 bus:Director4 2023-11-01 2024-10-31 03258868 bus:Director5 2023-11-01 2024-10-31 03258868 bus:Director6 2023-11-01 2024-10-31 03258868 bus:Director9 2023-11-01 2024-10-31 03258868 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 03258868 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03258868 bus:Agent1 2023-11-01 2024-10-31 03258868 core:FurnitureFittings 2023-11-01 2024-10-31 03258868 core:MotorCars 2023-11-01 2024-10-31 03258868 core:MotorVehicles 2023-11-01 2024-10-31 03258868 core:OfficeEquipment 2023-11-01 2024-10-31 03258868 core:PlantMachinery 2023-11-01 2024-10-31 03258868 1 2023-11-01 2024-10-31 03258868 countries:EnglandWales 2023-11-01 2024-10-31 03258868 2023-10-31 03258868 core:FurnitureFittings 2023-10-31 03258868 core:MotorVehicles 2023-10-31 03258868 core:OfficeEquipment 2023-10-31 03258868 core:PlantMachinery 2023-10-31 03258868 2022-11-01 2023-10-31 03258868 2023-10-31 03258868 bus:OrdinaryShareClass1 2023-10-31 03258868 core:RetainedEarningsAccumulatedLosses 2023-10-31 03258868 core:ShareCapital 2023-10-31 03258868 core:CurrentFinancialInstruments 2023-10-31 03258868 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 03258868 core:Non-currentFinancialInstruments 2023-10-31 03258868 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 03258868 core:BetweenTwoFiveYears 2023-10-31 03258868 core:WithinOneYear 2023-10-31 03258868 core:FurnitureFittings 2023-10-31 03258868 core:MotorVehicles 2023-10-31 03258868 core:OfficeEquipment 2023-10-31 03258868 core:PlantMachinery 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03258868

Brighton and Hove Streamline Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Brighton and Hove Streamline Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Brighton and Hove Streamline Limited

Company Information

Chairman

Mr A G Mechaeil

Directors

Mr A A Knight

Mr J C Howell

Mr J R Cheeseman

Mr P A Anscombe

Registered office

5 Clifton Hill
Brighton
East Sussex
BN1 3HL

Accountants

Durston Gibb
Chartered Accountants1 Blatchington Road
Hove
East Sussex
BN3 3YP

 

Brighton and Hove Streamline Limited

(Registration number: 03258868)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,250

19,714

Investments

5

4,000

4,000

Other financial assets

6

9,617

9,617

 

27,867

33,331

Current assets

 

Stocks

7

247

286

Debtors

8

501,589

453,442

Cash at bank and in hand

 

126

330

 

501,962

454,058

Creditors: Amounts falling due within one year

9

(278,219)

(235,599)

Net current assets

 

223,743

218,459

Total assets less current liabilities

 

251,610

251,790

Creditors: Amounts falling due after more than one year

9

(6,969)

(16,863)

Net assets

 

244,641

234,927

Capital and reserves

 

Called up share capital

10

1,000

1,000

Profit and loss account

243,641

233,927

Shareholders' funds

 

244,641

234,927

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Brighton and Hove Streamline Limited

(Registration number: 03258868)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................

Mr J C Howell
Director

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Clifton Hill
Brighton
East Sussex
BN1 3HL

These financial statements were authorised for issue by the Board on 31 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for subscriptions for membership services provided in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost

Fixtures and fittings

25% reducing balance

Office equipment

25% on cost

Motor vehicles

25% reducing balance

Investments

The fixed asset investments are stated at cost less any provision for impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2023 - 36).

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 November 2023

24,423

36,347

89,696

16,645

Additions

-

-

890

-

Disposals

-

-

(15,533)

-

At 31 October 2024

24,423

36,347

75,053

16,645

Depreciation

At 1 November 2023

21,245

36,342

84,149

5,661

Charge for the year

794

-

2,785

2,746

Eliminated on disposal

-

-

(15,504)

-

At 31 October 2024

22,039

36,342

71,430

8,407

Carrying amount

At 31 October 2024

2,384

5

3,623

8,238

At 31 October 2023

3,178

5

5,547

10,984

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Total
£

Cost or valuation

At 1 November 2023

167,111

Additions

890

Disposals

(15,533)

At 31 October 2024

152,468

Depreciation

At 1 November 2023

147,397

Charge for the year

6,325

Eliminated on disposal

(15,504)

At 31 October 2024

138,218

Carrying amount

At 31 October 2024

14,250

At 31 October 2023

19,714

5

Investments

2024
£

2023
£

Investments

4,000

4,000

The investments are stated at cost because the Directors are of the opinion that the value of the investments does not differ significantly from cost.

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2023

9,617

9,617

At 31 October 2024

9,617

9,617

Impairment

Carrying amount

At 31 October 2024

9,617

9,617

7

Stocks

2024
£

2023
£

Other inventories

247

286

8

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

216,198

218,029

Amounts owed by related parties

163,094

167,889

Prepayments

 

26,069

23,041

Other debtors

 

96,228

44,483

   

501,589

453,442

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11

84,166

41,570

Trade creditors

 

37,956

29,836

Taxation and social security

 

50,678

49,621

Accruals and deferred income

 

77,564

86,173

Other creditors

 

27,855

28,399

 

278,219

235,599


Included in current liabilities is an overdraft of £74,508 (2023: £32,148). The company has an overdraft facility of £140,000 (2023: £140,000). The overdraft is subject to a Debenture which includes all liabilities to the bank, both present and future and is secured by a fixed and floating charge over all of the assets of the company. The overdraft is also cross guaranteed by the parent company by a legal charge over the freehold property.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11

6,969

16,863

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

11

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,969

16,863

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,658

9,422

Bank overdrafts

74,508

32,148

84,166

41,570

12

Parent and ultimate parent undertaking

The company's immediate parent is Brighton & Hove Streamline Taxis Limited, incorporated in England and Wales.

  These financial statements are available upon request from 5 Clifton Hill, Brighton, East Sussex, BN1 3HL

 

 

Brighton and Hove Streamline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

13

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

45,000

69

Later than one year and not later than five years

9,900

108,148

54,900

108,217

The amount of non-cancellable operating lease payments recognised as an expense during the year was £63,054 (2023 - £63,462).