9 01/06/2024 31/05/2025 2025-05-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-06-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04468861 2024-06-01 2025-05-31 04468861 2025-05-31 04468861 2024-05-31 04468861 2023-06-01 2024-05-31 04468861 2024-05-31 04468861 2023-05-31 04468861 core:NetGoodwill 2024-06-01 2025-05-31 04468861 core:IntangibleAssetsOtherThanGoodwill 2024-06-01 2025-05-31 04468861 core:PlantMachinery 2024-06-01 2025-05-31 04468861 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 04468861 core:MotorVehicles 2024-06-01 2025-05-31 04468861 bus:Director2 2024-06-01 2025-05-31 04468861 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 04468861 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 04468861 core:FurnitureFittingsToolsEquipment 2024-05-31 04468861 core:FurnitureFittingsToolsEquipment 2025-05-31 04468861 core:WithinOneYear 2025-05-31 04468861 core:WithinOneYear 2024-05-31 04468861 core:ShareCapital 2025-05-31 04468861 core:ShareCapital 2024-05-31 04468861 core:RetainedEarningsAccumulatedLosses 2025-05-31 04468861 core:RetainedEarningsAccumulatedLosses 2024-05-31 04468861 core:IntangibleAssetsOtherThanGoodwill 2024-05-31 04468861 core:FurnitureFittingsToolsEquipment 2024-05-31 04468861 bus:SmallEntities 2024-06-01 2025-05-31 04468861 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 04468861 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04468861 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04468861 bus:FullAccounts 2024-06-01 2025-05-31
Company registration number: 04468861
Skream Limited
Financial statements
31 May 2025
Skream Limited
Statement of financial position
31st May 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 5 | 27,120 |  |  |  | 36,160 |  |
Tangible assets |  | 6 | 2,977 |  |  |  | 4,444 |  |
|  |  | __________ |  |  |  | __________ |  |
|  |  |  |  | 30,097 |  |  |  | 40,604
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 625,689 |  |  |  | 171,707 |  |
Cash at bank and in hand |  |  | 376,179 |  |  |  | 257,935 |  |
|  |  | __________ |  |  |  | __________ |  |
|  |  | 1,001,868 |  |  |  | 429,642 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 775,147) |  |  |  | ( 68,725) |  |
|  |  | __________ |  |  |  | __________ |  |
Net current assets |  |  |  |  | 226,721 |  |  |  | 360,917
|  |  |  |  | __________ |  |  |  | __________
Total assets less current liabilities |  |  |  |  | 256,818 |  |  |  | 401,521
Provisions for liabilities |  |  |  |  | 9,071 |  |  |  | 7,096
|  |  |  |  | __________ |  |  |  | __________
Net assets |  |  |  |  | 265,889 |  |  |  | 408,617
|  |  |  |  | __________ |  |  |  | __________
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 38,572 |  |  |  | 38,572
Profit and loss account |  |  |  |  | 227,317 |  |  |  | 370,045
|  |  |  |  | __________ |  |  |  | __________
Shareholders funds |  |  |  |  | 265,889 |  |  |  | 408,617
|  |  |  |  | __________ |  |  |  | __________

For the year ending 31 May 2025 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 January 2026 , and are signed on behalf of the board by:
Mr Manish Patel
Director
Company registration number: 04468861
Skream Limited
Notes to the financial statements
Year ended 31st May 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Venture House, 2 Arlington Square, Downshire Way, Bracknell, RG12 1WA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Development costs | - | 25 % | reducing balance
Patents, trademarks and licences | - | 5 % | reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 10 % | straight line
| Fittings fixtures and equipment | - | 33 % | reducing balance
| Motor vehicles | - | 20 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).
5. Intangible assets

|  | Other intangible assets | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1st June 2024 and 31st May 2025 | 269,215 | 269,215 |  |  |  |
|  | __________ | __________ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1st June 2024 | 233,055 | 233,055 |  |  |  |
| Charge for the year | 9,040 | 9,040 |  |  |  |
|  | __________ | __________ |  |  |  |
| At 31st May 2025 | 242,095 | 242,095 |  |  |  |
|  | __________ | __________ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31st May 2025 | 27,120 | 27,120 |  |  |  |
|  | __________ | __________ |  |  |  |
| At 31st May 2024 | 36,160 | 36,160 |  |  |  |
|  | __________ | __________ |  |  |  |

6. Tangible assets

|  | Fixtures, fittings and equipment | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1st June 2024 and 31st May 2025 | 27,754 | 27,754 |  |  |  |  |
|  | __________ | __________ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1st June 2024 | 23,310 | 23,310 |  |  |  |  |
| Charge for the year | 1,467 | 1,467 |  |  |  |  |
|  | __________ | __________ |  |  |  |  |
| At 31st May 2025 | 24,777 | 24,777 |  |  |  |  |
|  | __________ | __________ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31st May 2025 | 2,977 | 2,977 |  |  |  |  |
|  | __________ | __________ |  |  |  |  |
| At 31st May 2024 | 4,444 | 4,444 |  |  |  |  |
|  | __________ | __________ |  |  |  |  |

7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 23,925 | 356
| Other debtors |  | 601,764 | 171,351
|  |  | __________ | __________
|  |  | 625,689 | 171,707
|  |  | __________ | __________

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Trade creditors |  | 765,274 | 45,253
| Corporation tax |  | 3,625 | 11,267
| Social security and other taxes |  | - | 6,073
| Other creditors |  | 6,248 | 6,132
|  |  | __________ | __________
|  |  | 775,147 | 68,725
|  |  | __________ | __________

9. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  |  |
|  | 2025 | 2024 |  |
|  | £ | £ |  |
| Tradeto Limited (Holding company) | 160,000 | - |  |
| Igor Cipolletta (Director) | - | - |  |
|  | __________ | __________ |  |

10. Controlling party
The company is controlled by Tradeto Ltd; a company incorporated in Jersey, which owns 100% of the voting share capital.