REGISTERED NUMBER: 10039877 (England and Wales)

Financial Statements for the Year Ended 31 March 2018

for

STREAMING MEDIA SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Bowles

REGISTERED OFFICE:

84 Stonegrove

Edgeware

Middlesex

HA8 7UB

REGISTERED NUMBER:

10039877 (England and Wales)

ACCOUNTANTS:

Utterly Tax Limited

Chartered Tax Advisers &

Chartered Certified Accountants

Sophia House

28 Cathedral Road

Cardiff

South Glamorgan

CF11 9LJ

FIXED ASSETS

Tangible assets

4

26,077

18,183

CURRENT ASSETS

Debtors

5

33,586

106,036

Cash at bank and in hand

251,819

154,928

285,405

260,964

CREDITORS

Amounts falling due within one year

6

57,596

104,074

NET CURRENT ASSETS

227,809

156,890

TOTAL ASSETS LESS CURRENT LIABILITIES

253,886

175,073

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

253,786

174,973

253,886

175,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 24 December 2018 and were signed by:

P Bowles - Director

1.	STATUTORY INFORMATION

Streaming Media Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 and machinery etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

24,244

Additions

16,586

At 31 March 2018

40,830

DEPRECIATION

At 1 April 2017

6,061

Charge for year

8,692

At 31 March 2018

14,753

NET BOOK VALUE

At 31 March 2018

26,077

At 31 March 2017

18,183

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

33,586

106,036

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

7

Taxation and social security

44,492

62,236

Other creditors

13,104

41,831

57,596

104,074

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director will from time to time advance funds to the company. Such loans are interest-free, unsecured and

repayable upon demand. The company remains under the ultimate control of its director.