Exstream Media Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13840161 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

EXSTREAM MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Duffill

M Hunter

REGISTERED OFFICE:

24 St Cuthberts Way

Darlington

DL1 1GB

REGISTERED NUMBER:

13840161 (England and Wales)

ACCOUNTANTS:

CP Waites

Chartered Accountants

24 St Cuthberts Way

Darlington

DL1 1GB

FIXED ASSETS

Tangible assets

4

54,516

64,349

CURRENT ASSETS

Debtors

5

11,785

8,751

Cash at bank

272,736

186,501

284,521

195,252

CREDITORS

Amounts falling due within one year

6

290,123

212,136

NET CURRENT LIABILITIES

(5,602

)

(16,884

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

48,914

47,465

CREDITORS

Amounts falling due after more than one

year

7

(7,000

)

(13,500

)

PROVISIONS FOR LIABILITIES

9

(13,700

)

(16,100

)

NET ASSETS

28,214

17,865

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

28,212

17,863

SHAREHOLDERS' FUNDS

28,214

17,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 29 October 2025 and were signed on its behalf by:

J Duffill - Director

1.	STATUTORY INFORMATION

Exstream Media 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.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

20% on cost

Motor vehicles

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase are capitalised in the balance sheet and are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicles

Totals

£

COST

At 1 February 2024

51,918

32,999

84,917

Additions

8,284

-

8,284

Disposals

(2,377

)

-

(2,377

)

At 31 January 2025

57,825

32,999

90,824

DEPRECIATION

At 1 February 2024

12,318

8,250

20,568

Charge for year

10,914

6,187

17,101

Eliminated on disposal

(1,361

)

-

(1,361

)

At 31 January 2025

21,871

14,437

36,308

NET BOOK VALUE

At 31 January 2025

35,954

18,562

54,516

At 31 January 2024

39,600

24,749

64,349

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2024

and 31 January 2025

32,999

DEPRECIATION

At 1 February 2024

8,250

Charge for year

6,187

At 31 January 2025

14,437

NET BOOK VALUE

At 31 January 2025

18,562

At 31 January 2024

24,749

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,197

2,575

Prepayments and accrued income

10,588

4,876

Social security and other taxes

-

1,300

11,785

8,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase

6,500

6,000

Trade creditors

486

2,728

Corporation tax

38,806

10,090

Social security and other taxes

38,158

25,683

Directors' current accounts

3,533

4,337

Accruals and deferred income

202,640

163,298

290,123

212,136

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

2025

2024

£

Hire purchase

7,000

13,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase

13,500

19,500

The hire purchase liability is secured on the asset to which it relates.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

13,700

16,100

Deferred

tax

£

Balance at 1 February 2024

16,100

Movement

(2,400

)

Balance at 31 January 2025

13,700

The deferred tax provision relates to accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

-

2

160

Ordinary

1p

2

-

20

A Ordinary

1p

-

20

B Ordinary

1p

-

2

During the year the 2 issued Ordinary £1 shares were subdivided into 200 Ordinary 1p shares. 20 Ordinary 1p shares were then reclassified as A Ordinary 1p shares and 20 Ordinary 1p shares were reclassified as B Ordinary 1p shares.

11.	RELATED PARTY DISCLOSURES

During the year dividends of £34,000 (2024 - £32,500) were paid to each of the directors and £18,000 (2024 - £Nil) were paid to each of the directors' wives.