Streamline (Environmental Services) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 03461168 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Streamline (Environmental Services)

Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A.B. Jones

C Jones

J.D. Snelling

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

03461168 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Tangible assets

4

2,778

128

CURRENT ASSETS

Stocks

48,093

58,650

Debtors

5

168,106

316,709

Cash at bank and in hand

7,131

16,178

223,330

391,537

CREDITORS

Amounts falling due within one year

6

348,367

478,382

NET CURRENT LIABILITIES

(125,037

)

(86,845

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,259

)

(86,717

)

CREDITORS

Amounts falling due after more than one
year

7

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES

(694

)

(32

)

NET LIABILITIES

(127,953

)

(101,749

)

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

(128,153

)

(101,949

)

SHAREHOLDERS' FUNDS

(127,953

)

(101,749

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

J.D. Snelling - Director

1.	STATUTORY INFORMATION

Streamline (Environmental Services) Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for the directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension charge represents contributions paid to the fund during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant &

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 January 2024

13,506

16,054

27,474

57,034

Additions

-

3,077

At 31 December 2024

13,506

16,054

30,551

60,111

DEPRECIATION

At 1 January 2024

13,506

16,054

27,346

56,906

Charge for year

-

427

At 31 December 2024

13,506

16,054

27,773

57,333

NET BOOK VALUE

At 31 December 2024

-

2,778

At 31 December 2023

-

128

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

148,568

282,680

Other debtors

5,400

Tax

110

351

Prepayments

14,028

28,278

168,106

316,709

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

33,758

10,000

Trade creditors

120,547

179,350

Social security & other taxes

29,816

78,698

Wages control account

4,723

-

Value added tax

117,012

144,919

Other creditors

14,817

20,047

Directors' current accounts

7,100

12,100

Accrued expenses

20,594

33,268

348,367

478,382

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans 2-5 years

5,000

15,000

The hire purchase contracts are secured on the assets concerned.