REGISTERED NUMBER: 05332599 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Silverstream TV Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L Wiltshire

S J Walton

SECRETARY:

R L Wiltshire

REGISTERED OFFICE:

167-169 Great Portland Street

LONDON

W1W 5PF

BUSINESS ADDRESS:

Unit A

Armada Point

Estover Road

Plymouth

Devon

PL6 7PY

REGISTERED NUMBER:

05332599 (England and Wales)

ACCOUNTANTS:

Sheppards Accountants Limited

22 The Square

The Millfields

Plymouth

Devon

PL1 3JX

FIXED ASSETS

Tangible assets

4

1,312,916

1,277,297

CURRENT ASSETS

Debtors

5

164,473

151,517

Cash at bank

39,012

106,555

203,485

258,072

CREDITORS

Amounts falling due within one year

6

207,010

247,765

NET CURRENT (LIABILITIES)/ASSETS

(3,525

)

10,307

TOTAL ASSETS LESS CURRENT LIABILITIES

1,309,391

1,287,604

CREDITORS

Amounts falling due after more than one year

7

(138,663

)

(219,611

)

PROVISIONS FOR LIABILITIES

(76,704

)

(74,432

)

NET ASSETS

1,094,024

993,561

CAPITAL AND RESERVES

Called up share capital

3,100

3,100

Retained earnings

1,090,924

990,461

SHAREHOLDERS' FUNDS

1,094,024

993,561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

R L Wiltshire - Director

1.	STATUTORY INFORMATION

Silverstream TV Limited 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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets and depreciation

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

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Long

Improvements

leasehold

Solar

to

Plant and

property

Panels

property

machinery

£

£

£

£

COST

At 1 April 2024

813,743

20,375

29,410

1,069,215

Additions

6,345

-

-

138,463

At 31 March 2025

820,088

20,375

29,410

1,207,678

DEPRECIATION

At 1 April 2024

-

18,393

15,628

652,620

Charge for year

-

495

1,078

108,764

At 31 March 2025

-

18,888

16,706

761,384

NET BOOK VALUE

At 31 March 2025

820,088

1,487

12,704

446,294

At 31 March 2024

813,743

1,982

13,782

416,595

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

35,040

12,195

101,115

2,081,093

Additions

11,294

-

633

156,735

At 31 March 2025

46,334

12,195

101,748

2,237,828

DEPRECIATION

At 1 April 2024

19,950

11,508

85,697

803,796

Charge for year

6,595

172

4,012

121,116

At 31 March 2025

26,545

11,680

89,709

924,912

NET BOOK VALUE

At 31 March 2025

19,789

515

12,039

1,312,916

At 31 March 2024

15,090

687

15,418

1,277,297

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

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

120,000

NET BOOK VALUE

At 31 March 2025

120,000

At 31 March 2024

120,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

164,473

151,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

11,155

Trade creditors

1,145

1,048

Corporation tax

56,797

56,249

VAT

35,883

24,528

Directors' current accounts

76,553

118,153

Accrued expenses

36,632

36,632

207,010

247,765

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

63,333

103,333

Hire purchase contracts

75,330

116,278

138,663

219,611